There's no need for a blockchain, or distributed stuff, etc. The only thing you need is to convince people to accept it. You might as well make an app that transfers balance between rows on a database. And the reason why you never heard of complementary currency before, is that it's something done "just because you can" and has no real advantages.
I understand that none of the things I said are specific to you. But am I wrong?
Nice, I've never seen that but I'm going to read that whole page. I think that's probably correct about complementary currencies, if they're just currencies. I wonder if it would be different if each of them had actually different properties?
The cool think about tokens is that they can be programmed to behave different ways. Can you imagine a world where each currency is programmed differently? For example, maybe one currency gets deflated with each transaction (gets multipled by 0.9), and another currency can only be sent a certain number of times before it disappears, encourage people to hold it. Can you think of use cases where that changes the utility of a complementary currency? I'm asking because I can think of a few, but it's so hard to tell whether or not they're good ideas.
The second part, outside of that, is that tokens are on a blockchain. Again, none of this is specific to us, but there are a few properties that any token gets. Namely: They are provably scarce, they can interact with smart contracts, and they can be traded for other currencies if necessary.
I don't know. How much does it cost to run things on the blockchain. Someone must be paying. How much does it cost you to spin up on MySQL instance, replicated in all AWS datacenters?
Yeah, it's easy enough to spin up a DB on RDS, but using the blockchain does offload the need to secure the database (and securing infrastructure in general, at least where managing the token is concerned).
There's also no dependency or trust on hexel per se once the coin is created. They can disappear, but the contract/token lives on.
Definitely upside for using Ether, but comes at a price in transaction time and money.
https://en.wikipedia.org/wiki/Complementary_currency
There's no need for a blockchain, or distributed stuff, etc. The only thing you need is to convince people to accept it. You might as well make an app that transfers balance between rows on a database. And the reason why you never heard of complementary currency before, is that it's something done "just because you can" and has no real advantages.
I understand that none of the things I said are specific to you. But am I wrong?