21 Feb '14, 6pm

Could A Solar-Powered Currency Be The Next Bitcoin?

Could A Solar-Powered Currency Be The Next Bitcoin?

“Non-generators [and retailers] can help by crafting services that they might exchange for [Solarcoins],” such as conferences, subscriptions, memberships and webinars,” Dolan said. All it takes is merchants accepting the cryptocoins at checkout as a way to boost their brand, especially if they represent a cause like solar energy. Cryptocurrencies would then become a bit more than just another form of money. They would tie monetary value to consumers’ and businesses’ core values. For example, a store can boost their credibility within the green community by accepting SolarCoin or a fictitious coin based on electric car ownership, kind of like having a LEED certification that shows a building meets certain environmental standards. In this way, coins with a moral hook can more easily attract customers unlike Bitcoin, which is primarily alluring because of its novelty and anon...

Full article: http://thinkprogress.org/climate/2014/02/21/3282131/solar...

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