With so many currencies floating around in this sub, how to deal with them all?

I would like to add my own view on this.

This is my first post to /r/FairShare. I support the idea. I support the idea of basic income. I like the idea of crypto currency. But I do not currently have a wallet. And I personally am finding the many different currencies very confusing.

From my view, the barrier for entry is already too high. Alt currencies make this all the more confusing, and harder to manage. I don't know where to start.

And as a person who is affluent in web design, hand written many php/javascript web pages, familiar with multiple programming languages, keeps up on most tech trends... I would consider myself a little more knowledgeable than an average citizen who knows nothing of how technological infrastructure works.

And yet I still find this whole fairshare/cryptoUBI to be very hard to just "jump into" without already being "in the know."

I hope my comment sheds some perspective. I know that a GUI is still being worked out, and FairShare is still in it's infancy.

I have moderate knowledge of how bitcoin works, but no personal experience. And I'm still confused by the presence/usefulness of these alt currencies.

Now try to imagine explaining FairShare to someone who doesn't know what a bitcoin even is, yet alone a dogecoin, or nyancoin. Even better yet, try explaining what a "doge" or "nyan" is to someone who doesn't follow internet culture.

The point I'm trying to make is that crypto currency is already a bit of an exclusive hip/young cool-kids club, and not something that the average person yet gasps.

If you are really trying to market FairShare as something for everyone... You gotta cut all the bullshit. Keep it simple. Dead simple.

Alt currencies make it unnecessarily complicated. For a real world analogy, managing alt currencies in this case is like going to the grocery store, and getting your change in a mix of US coins, British pounds, Euros, Japanese Yen, Canadian dollars, and Francs. While all of these are technically all money, trying to manage, count, convert, and spend them would be a pain.

I feel that the current atmosphere in the crypto scene is akin to the early stages of U.S history -- when every state had it's own currency, and it was difficult to trade and buy goods between states. Medieval Europe and Feudal China had similar problems.

And what worked for all three cases was agreeing on a single, stable currency, and forgetting about the rest.

In the case of China, it took the conquest of a single man (Genghis Khan) to say to every province "No, you mint only ONE coin from now on."

If there's one thing dictatorship does well, it's standardization. Lets not let FairShare collapse like the tower of babel because everyone is spreading a different coin, but let's also not let it get so complicated that someone has to "take charge" and set a single coin by force.

Let's decide on a single currency early on to keep it simple, and avoid the pitfalls of many currencies past.

/r/FairShare Thread Parent