Tue, Apr 26, 2011 Permanent linkOh, have not been here for a while. Basically I like peer-to-peer complementary currency, be it bitcoin or others. Must have been about January when I calculated the electricity my computer needs on top of normal operation to generate bitcoin costs about 3x the value of the coins. Now, that is with rates in Japan, approx 25 cents per kWh.I removed the application.
These days discovered a virtual social currency, just got my toes wet on Empire Avenue. It combines a social currency based on measuring activity with buying/selling shares in people or in brands, like a token of trust.
For now it is single bottom line, virtual currency game. I guess it would be easy for users to bring in aspects of Sustainability & Corporate Social Responsibility, e.g. by their choices, comments and shout-outs (like tweets in more than 140).
Could that become a next digital tapeworm? #futureofmoney
You can try it out here (invite link) http://empireavenue.com/?t=xmjrmqdq
Got any thoughts on bitcoin?