Quote from: pakhitheboss on December 10, 2019, 01:22:34 PM

Quote from: Techviking on December 10, 2019, 12:35:36 AM

I'm working on an idea and it might sound a bit far-fetched but it is a 'virtual currency' made to be stored offline much like a paper wallet. But I'm not storing any bitcoin private key. I'm creating what is called a ticket. Each ticket has a unique set of codes and the whole idea is that it must be easy for people to write down these codes so you can create your own set of money or complementary currency. A long story short, my plan is to use Bitcoin as an "intrinsic value". Since the whole point of this project is mimicking physical cash in a cashless society Shocked

it can't be backed by fiat.

Another point to make is that the idea is that small or large communities can run their own server backing their 'community currency' and it doesn't have to be that powerful. It is not a decentralized solution, so it will be built on trust, but there is no way to trace or log transactions, just like cash.
I'm currently running in beta ( 52blocks.net ) with focus on testing it out and doing hand-to-hand transactions. But in near future I'll add some new features .
My current issue is how to give each ticket it's own value. I would like to hear your opinions on this project and what would be the best way of assigning value by using bitcoin.
As a community currency you don't need to trade your ticket for bitcoin for each transaction, but if you don't want to create your own set of cash, you can burn a ticket for a new one and also (in the future) collect it's value ..

I do not see any practical usage of your tickets in a time when physical money is being removed or discarded completely.
People are not using Blockchain domain to store private key and recieve/send payments.
You can also setup your website using these domains and you do not lose them as once they are created they cannot be deleted.

By the way your tickets can still get stolen or lost.

By design, it's hard to steal a ticket, especially if you write it down on paper.
I think we'll see more and more security and privacy concerns regarding a cashless society. It is hard to predict the future but this ticket framework have several use cases in a community or association.
In a community you can run your community currency framework on a Pi. I am not sure if this sounds appealing or not.