I've looked at BitCoin and although it looks very promising, I don't like the idea of mining, nor the maximum of just 21 million .

So I made a concept for an alternative currency which I'll call Royen Credits for now.

I would love to hear criticism for this idea,
and advice on how to launch a new cryptocurrency.
And if someone can think of an even better name, I would appreciate it very much.



The aim of this currency is:

• Most importantly and ultimately, to prevent massive unwanted unemployment, unpaid employment and bonded labour forever.
• To be able to transfer money for free.
• Have a currency that is both wanted and in full circulation.
• To be able to both scale incrementally as well as decrementally so that no inflation or deflation occurs.
• Have simple rules anyone can understand.

And of course since it's a cryptocurrency:

• To have a transparent currency
• To have a A decentralized currency
• To have a A P2P currency
• To able to trade it using FLOSS software

These are the rules so far:

• If someone holds money in this the currency for too long or lost due to attrition, the money will be spend on startups and new employment.

It's not clear yet how this mechanism will work, but the payment direction will be decided by the holder and the employment and startups lists by the community.

• All the money in this currency should double in value if too many payments are done in single units (cents). In order to prevent payments done in undoubled money,

all wallets will contain a bit marker. If too many payments are done above 100 units (a single coin),  the money will be halved again and halved money will be frozen in the wallet,
but this is not expected. It is not clear yet how many is too many.

• In an attempt to do this this new currency will simply start from a single 1bit Royen coin, held by me of course.