jkoil
I'm glad you see it the same way. Read below and tell me what you think.

username18333
I looked into Writcoin and it has some interesting features but its distribution and other characteristics make it less than ideal. We need to develop something new but not launch it until there is true mass participation. We need a very long hype period where just about everyone knows about it before it is launched. Any people without steady access to computers at the time of launch will be allowed to register to participate via email where they can be assigned to a philanthropic benefit mining pool. Information about all holders of this coin will be in a database encrypted by all participating computers. Funding for this pool and its maintenace will be assigned to a vote of all participants. There will be an event within the next few years that will make people eager for an alternative currency and this coin should be ready for launch when this happens. As I understand it, there is already a Scottish enterprise which has a coin that provides a document encryption protection scheme so we have a model to follow or a platform to develop upon.