Re: [ANN][MUN] Muniti: Malta's national cryptocurrency - promoting tourism! X11 algo
Really? Like sending 150,000 x 3 = 450,000 registered posts by mail (costing over 300,000 USD) is more realistic than facebook verification? And that money is going to come from the "premine"? I cant wait for it to launch and study this case 
Facebook verification can be faked. Yes this is a huge undertaking but honestly to me this is the most reasonable approach I've seen so far. The only way you're going to get 100% verifiable proof of residency online is if a government created their own currency and set up a system for people to register in person.
"Only" is a strong word and I should add to my statement. I think this could be achieved through digital ID cards issued by the government either specifically for claiming cryptocurrencies or already existing digital IDs that can be verified over the internet for that purpose without being created for that purpose initially.
Also a company could achieve this if trusted by the public or customers, or in the spirit of the community that has already formed around cryptocurrencies a crowd funding effort might be able to achieve something depending on the size of the backing, although this is unlikely to work unless a very prominent figure or group that has the trust of the community spearheads the effort.
TLDR: For now I think the Muniti solution is very reasonable for a small nation. It should be a very interesting test case, and possibly the most successful country coin thus far.