Hi everyone, hello Simon Slavin, Cider Jack, Edmund Edgar,<br><br>I am a vivid fan of the technology behind bitcons,<br>since it provides as much as possible transparency of financial transactions.<br><br>Also the idea, a user generated currency, (actually a cpu/gpu generated currency)<br>
is a compelling approach, which I also use in my concept for a user generated (education/skill) currency, The Geo.<br><br>The issue i have with bitcoins is, that it will not solve the mentioned current (and past) problem ("big banks (the 1%)"),<br>
just the protagonists change. The early adopters of bitcoins do posses most of the currency.<br>You can compare that with the first settlers who came to America, they could claim larger areas than the following.<br>And just as physical land, the amount of bitcoins is limited.<br>
<br>Agreeing with Cider Jack, that an universal currency for virtual worlds is eligible,<br>I would like to ask for the possibility to implement multiple, different approaches of currency systems,<br>to let the users choose their preferred one.<br>
<br>I propose the use of The Geo (the way Geo is created) as currency and the technology of bitcoins.<br><br>Here some facts about The Geo:<br>The currency is unser generated/created by taking part in skill or knowledge achieving activities.<br>
It incorporates a 'Citizen's Dividend', a basic income guarantee for unique, active participants.<br>It will be observed by the community, since transactions will be fully transparent.<br>The currency will be run by a nonprofit organization.<br>
<br>Here is a short draft of The Geo:<br><a href="http://www.manupool.de/the-geo">http://www.manupool.de/the-geo</a><br><br>Here is a link to a website about a basic income guarantee:<br><a href="http://www.usbig.net/">http://www.usbig.net/</a><br>
<br>Regards,<br><br>Marcus<br>P.S. "A teacher - who shares his knowledge - creates real value, value none can take away from you,<br>even during an economic crisis."<br><br><br><div class="gmail_quote">On Thu, Nov 3, 2011 at 11:55 PM, Cider Jack <span dir="ltr"><<a href="mailto:ciderjack.vw@gmail.com">ciderjack.vw@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">Bitcoin (or a similar system) would be ideal for OpenSim, IMO. The<br>
need for a "universal" virtual currency for use among virtual worlds<br>
is real. Bitcoin is a system already in place, with the advantages<br>
Edgar mentioned and some caveats such as Simon mentions as well. It's<br>
also already had a few other issues, including hoarding, rumors of<br>
theft & counterfeiting, not to mention the recent collapse in exchange<br>
value.<br>
<br>
I personally expect that a single currency that works seamlessly in<br>
both virtual & real world will happen eventually. It's just a question<br>
of when & how.<br>
<br>
OpenSim appears to be an ideal community to introduce a system and<br>
work out the bugs before taking it to the next step (into the<br>
real-world side of things). Decentralization is mandatory, as is<br>
security of course. Not easy barriers to overcome! Not to mention, the<br>
big banks (the 1%) that control the current real-world economy will do<br>
all they can to outlaw it, or discredit & destroy it as soon as it<br>
becomes in any way viable.<br>
<br>
Anyway, the idea fills me with both dread and excitement. These are<br>
very interesting times we are living in!<br>
<br>
Cheers,<br>
<span class="HOEnZb"><font color="#888888">~!CJ<br>
</font></span><div class="HOEnZb"><div class="h5"><br>
On 11/4/11, Slavin, Simon <<a href="mailto:s.slavin@lancaster.ac.uk">s.slavin@lancaster.ac.uk</a>> wrote:<br>
><br>
> On 3 Nov 2011, at 2:35am, Edmund Edgar wrote:<br>
><br>
>> It would be great if someone would build Bitcoin into the client so we<br>
>> could use it as a decentralized hypergrid currency, but it wouldn't<br>
>> help the OP - they want play money. Bitcoin is real money (*) - you<br>
>> can trade it for dollars, RAM, illegal drugs or alpaca socks.<br>
><br>
> And in some countries you'd have to register as a bank and/or with the Data<br>
> Protection Register (because you're keeping financial details about your<br>
> users). Much simpler to go with fake money.<br>
><br>
> Simon.<br>
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