do not imagine that a currency market is any way to equitably distribute finite goods. it is not a solution to web of trust problems. it’s a speculator’s game. how long are you willing to ride the bubble?

a highly consistent distributed ledger, divorced from all this proof-of-work stuff would have tremendous value
to communities trying to operate local voucher and coupon programs. the use cases abound for this but somehow we’re stuck reproducing currency markets for rich nerds.

@garbados This is my main criticism of Faircoin. But personally I don't want to trash-talk them much, they're doing some good education work for people who otherwise wouldn't get exposure to the tech and underlying concepts.
Whether that discourages people when they realise that the economic incentives are wrong or the learning broadens their horizons to do better the next time, that remains to be seen.