Cryptocoin Technology and Gonave/Teknoloji Cryptocoin ak Gonave
This article http://www.nbcnews.com/tech/innovation/cryptocoin-their-own-icelands-auroracoin-experiment-n59216 , talks about how a community is creating a cryptocoin to help boost Iceland's economy. Modeled after Bitcoin the coin would allow citizens to mine for more coins, but all citizens would be given coins to start with. I have thought of this idea before with Gonave. Where this technology would be used to finance everything on the island and even be used by citizens to purchase everything. While it sounds crazy, it could prove very successful, and so far Bitcoin and many others have been amazingly successful. This allows investors from all over the world, no matter how big or small, could purchase the coin and trade it. The coin could be setup to accept credit card payments, and the investor would get so many coins which could be used to make purchases. To have financial protection, the coin could still be pegged to the American Dollar. For example...