Hacker News new | ask | show | jobs
by kiba 5102 days ago
This is irrelevant if people don't want to use your currency. When you invent a currency, you can't just think about monetary policies but also incentives for using it.
1 comments

One step at a time ;)

Some groups have had success in introducing local currencies with similar features. One path we've looked at is getting communities of people (perhaps starting with some #occupy groups and their supporters) to use it and convince local businesses to accept it, hence the subtitle of being the worlds first “global-community currency”.

We're open to other ideas as well.

Is the local pizza shop going to be able to purchase sauce, cheese, flour, and pepperoni with it?

Unlikely.