The Future of Funding & Promotions: Micro-Currency (company/charity/group based alt coins)
Intro:
Anyone that is new to the altcoin world, I just want to let you know that there are literally HUNDREDS of altcoins and they are all essentially just copies of Bitcoin. Not many are like this, with new structures that allow for growth outside of mining (which is a techy term for producing coins) and trade. Creating an economy outside of mining, sales and forex is unheard of outside of these new coins. Your company could be one of the first companies to make one of its own.
Altcoins will allow charities and organizations to OWN a currency that they control. You will not answer to us, it will be yours. All you need to make one is people from this website, or one of your friends that understands C++ coding needs to read this thread, then do a little more research on this website, then they can make one for you.
And to anyone new to the Bitcoin world, Bitcoins are worth $200 each (for now) and you can trade Altcoins for BitcoinsSo, everyone is hearing or has heard about Bitcoins. The Silk Road is down, Bitpay is up and ATMs are actually being placed in the streets (at least one in Canada).
Pretty soon the only question left about Bitcoin will be "How do I get them?" and sure, the answer "You mine them or buy them" works for most people right now...
But what about when Bitcoin is being considered by people in poverty as a means to pull themselves up by their boot straps? What about when it is being talked about in every highschool in the country, and kids too young to work and not computer literate enough to mine want to get them?
The answer will be "Alt-coins". Altcoins are not the competition of Bitcoin, Altcoins are the future of Bitcoin. In the future altcoins will each have a "niche", so as to attract new people to Bitcoin, as well as support lifestyles of people who can not mine or buy the coins.
Devcoin and Tagcoin look promising. As Writing and Rewards are both great incentives, but what about the other coins? What value are they to someone who does not have the ability to mine?
Schools could use coins as booster promotions, by asking students to use their home computers to mine for coins that can be spent at the school. And the school can have a program where 25% of the coins are generated to a wallet for them. Then they make an altcoin thread and advertise it in the morning announcements.
School funding problem SOLVED.
Or imagine if a mom and pop sandwich shop did the same. And offered sandwhiches for coins? They could not only boost local bitcoin interest, they would make money on a coin that they produced.
In addition to my suggestion of school based and community coins for groups or businesses...
Imagine if instead of other forums hating on coins (It's basically taboo on most forex forums, and other forums to mention coins and tell people to buy them) , it became a trend on the internet for forum owners to come here and find coin creators, then get coins created for their forum.
What if we had a trend of FORUM based coins. Kinda like how this forum is based on bitcoin, so it exploded. If a forum with millions of daily hits (say...GaiaOnline, since it is a major forum that already uses coins, and has a largely non-bitcoin crowd as of now) started a 50% mine-able, limited production coin (instead of the coin they have now which you earn for doing things on the site, but can not be taken off the site, and is like WoW gold instead of bitcoins). That coin would probably be the most popular altcoin OVER NIGHT.
We just need to realize that altcoins are never going to over take bitcoin, all they can hope to do is support it.
