> New net-based currencies and transaction networks
Just a FYI
I know bit-coin is all the rage, but I have written PKTP, the Public
Key Transaction Processor. While still a work in progress it is
operational. Transactions are based on transferring precious metals
from one key to another, this can be by very human readable clear
signed transactions or signed and encrypted ones.
Since keys are pseudonymous at best, there are also vouchers that
act as (non-blinded) bearer instruments as well as other ways of
PKTP is not fully distributed but supports multiple vaults so that
risk of seizure or attack can be limited as well as reducing
individual storage difficulties.
Since each vault store a small amount of metal no transaction or
storage fees are needed with operating profit provided by expired
vouchers and keys. Each key can have a next of kin key specified so
lost passphrases or expired keys do not have to be a disaster.
Not everyone loves gold or silver as money so there is also support
for users to issue arbitrary shares. These might be for a national
currency, fundraising or whatever and ae only backed by the key of
issue. Payment of dividends to shareholders are supported.
A fancy automatic exchange was planned but is turning out to be
longer in development time than anticipated.
Feedback always welcome...