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.