Comparison of Alternative Currency Schemes
Alt Currency Type | Fiat | Dollar-backed | Commodity |
Startup Cost | ? printing; acquiring trust |
1 printing; acquiring dollars |
2 printing; acquiring commodity |
Ongoing Cost | 3 quantity/pooling troubleshooter |
1 banking service for in/out exchange |
2 warehouse service for in/out exchange |
Inflation Potential | 3 high |
2 high but same as $ |
1 virtually none |
Supportive of Local Economy | 1 |
1 |
1 |
Ease of Use | 1 just like dollars |
1 just like dollars |
2 rate conversion |
System Failure Cost | 3 total loss to holders |
2 limited to $ inflation |
1 little to no loss |
Promotes Sense of Community | 1 |
1 |
1 |
The numbers given represent possible rank, not weight. Adjust the weight of each factor according to your judgement.