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    Author Topic: using bitcoin for local/complementary currencies?  (Read 1303 times)
    nereer (OP)
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    May 09, 2011, 02:04:15 PM
     #1

    Hi

    I have read in a few discussions here that bitcoin was built with the idea of forking the project for other uses if the need arose in future.

    I am wondering whether one could use the bitcoin codebase to back a complementary currency that was designed for a local region? The differences would have to be quite fundamental. For example:

    • thiscoin would have to divide the creation of coins between miners and a central authority of some kind (this authority would create currency to undertake local projects, and be able to receive payments in this currency to pay for local services)
    • thiscoin would have to have some kind of demurrage built into it to prevent hoarding/speculation.
    • thiscoin would float in price against bitcoins

    That's all I can think of right now, but I am sure there are more differences. Has any discussion taken place along these lines? Is there any information out there I should be reading?

    thanks

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