Software Developer Creates Personal Cryptocurrency (wired.com)

mirandakatz writes: If you want to pick Evan Prodromou's brain -- as many people often do -- you'll have to pay him. And not just a consulting fee: You'll have to pay him in his own personal cryptocurrency, dubbed Evancoin. Currently, 20 days after his Initial Coin Offering, a single Evancoin is worth $45. As Prodromou tells Scott Rosenberg at Backchannel, "I'm not above a stunt! But in this case I'm really serious about exploring how cryptocurrency is changing what we can do with money and how we think about it. Money is this sort of consensual hallucination, and I wanted to experiment around that." The story goes on to explain what, exactly, goes into creating a personal cryptocurrency, and whether Evancoin could becoming a phenomenon that spreads.

Comments

Re:Scrip is a thing already

[FrankHaynes]

Let's see: we've gone from a single unified web browser that can run almost any application to a single app per site, multiplied by the number of sites desiring their own lock-in.

So in that world, making a currency that can only be spent on one vendor matches up perfectly. I guess I'll market a "wallet" to store each and every different currency for all the different vendors who mine their own.