[grey-area]

Thanks for the link, that looks interesting (as a currency). From their FAQ they look like a Bitcoin inspired currency which tries to define all the parts necessary for independent digital payments:

Payment Network (with protocol)

Exchange

Currency

All in one place. The advantage to that if you trust them of course is that you can expect the exchange/payment processor isn't a buggy webapp sitting on an insecure VPS with multiple ways to be hacked (I hope!). If you don't trust them it's even more scary than bitcoin though.

I wish alternatives to Bitcoin got half the attention Bitcoin has been getting on HN over the last few months - a currency is not a success because it constantly shoots up in value, quite the reverse.