MINING CURRENCIES WITH LEARNING -
Mining does not have to be done by an algorithm working on a meaningless problem and great expense in equipment and electricity. Instead of spending money on technology to do meaningless work, new Alt currencies could be mined by spending money on people doing meaningful work - whether it is learning or any other social or environmental good.
Garrick Hileman is an Economic Historian at LSE. (My transciption.)
"One of the most exciting things about alternative currency is the experimentation ... we can rethink what money means to us.
"For example I have heard talk of an eduction coin which would minded into existence by learning which is what generates new currency. You've got a social good - education - linked to currency growth and earning 'learn to earn' as way to experiment with the money supply and the growth of the money supply." #bitcoin #altcurrencies #cryptocurrencies http://www.iamsatoshi.com/bitcoin-introducing-people-behind-the-scenes/