[kictanet] BLOCKCHAINS - Get in the Conversation and Perhaps Conversion..Digital Currency

[Brian Muhia]

Hi Wangari, Grace,
Yes, there are many 'humanitarian' proposals, just like Ashish's website
says. Here's another look from DIY Toolkit:
http://diytoolkit.org/sprinkling-blockchain-magic-dust-exploring-use-cases-in-the-development-sector/
.

I had thought of developing a 'KenyaCoin' cryptocurrency, but decided
against it, as I wasn't sure how to avoid building the typical copycat
system that doesn't have much innovation beyond the original Bitcoin
system. There are thousands of such currencies now, given the term
'altcoins', that are built as a direct clone of Bitcoin, and they all face
the same scaling issue that Bitcoin had to solve when it was growing:
volatility cycles, stable markets, online merchant integration, security
reviews etc. Growing these systems is difficult and probably only worth it
if one has a reasonable idea of why it would help the target adopters.

On Mon, May 16, 2016 at 7:49 PM Wangari Kabiru via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Warm Greetings Grace, Greetings Brian,
>
> Ashis focus was on the humanitarian angle he is working in.
>
> Ric had the details on the marketplace.
>
> Someone must've a 'KenyaCoin'??
>
> Blessed day.
>
> Regards/Wangari
> On May 16, 2016 18:31, Brian Muhia via kictanet <
> kictanet at lists.kictanet.or.ke> wrote:
>
> I've been studying private blockchain systems for a few months
> (IntelLedger, Ethereum and Multichain), and I have used both Bitcoin and
> Ethereum. I'm available for comment. Curiously, Ashish didn't mention
> Slock.it, which has published a project called The DAO, a decentralized
> autonomous organization. This is a system that uses smart contracts (cue
> Larry Lessig's "Code and Other Laws of Cyberspace") to automate governance
> decisions, using a custom-built currency to facilitate voting rights.
> They're governed by code, stored on the Ethereum block chain. Here's a
> primer on the concept:
> https://blog.slock.it/a-primer-to-the-decentralized-autonomous-organization-dao-69fb125bd3cd#.x3h9xh5xd
>
>
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