All the universities should team up to make a digital coin for books and fees

The Sceptical Chymist

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Quote from: kiklo on August 13, 2016, 05:58:16 PM

No more digital coins are needed

'Nuff said. There are too many coins. Bitcoin can handle books and all the other stuff, too. Coins do not need to be made for special purposes, in my opinion. The market is saturated.

And why would you need crypto to pay for books and fees anyway? Are people having trouble paying for that stuff in fiat? This is a solution in need of a problem.

kiklo

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No more digital coins are needed , due to the fluctuations in crypto prices , this is not feasible at the present time.

Instead if all of the universities joined something like www.gyft.com , where a gift card could be purchased in crypto for each Universities campus ,
that would be practical and achievable and avoid the pitfalls of price fluctuations.

GreenBits

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They already have this con set up too well

the bookmakers and schools already have a gentleman's agreement about this; you make it so that your students require our books specifically, and we will continue to release new editions so that the books aren't tradable and must be replaced. Unless the book companies can get their cut, I don't think they would play ball. This would allow the bookstores to make profit in addition to the markup (craaaaaazy markup) already on the books. I think the book makers would raise the price to reflect this.

Also, if this becomes a traded asset, some ass could manipulate the price, making the coins the school holds worthless, or making books too expensive for students to afford. Also, someone with superior mining power could hoard coins and restrict the supply to drive up the price. Wouldn't take a ton of money to corner this particular market, it would have a known total capitalization.

KFCBTC

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When I was younger and getting into bitcoin I asked someone about FTC, not actually knowing what it was, he answered it was a coin for universities. Even after I found out it was not what I thought it was, I never was able to forget the idea. If Universities forced students to adopt a digital coin to use to buy books, the school could own a huge percentage of coins and sell them leveling the price as they wish and students could mine coins and get their books cheaper. plus they would always have an active community of users.

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