Coin Telegraph: “CryptoBonus: HullCoin Users Get Benefits From Free Pies To Tax Breaks

This is interesting piece on how the blockchain technology is being used to track (what is generally agreed-upon) good social behavior.  If you use this as one tiny example of how a blockchain ledger can be used to track some aspect of human activity.  You’re going to be seeing more and more examples of this in the years to come.

As always, do your research and use your discernment, because every choice you make rests upon your own shoulders.

Be well, everyone.

Source

Coin Telegraph: “CryptoBonus: HullCoin Users Get Benefits From Free Pies To Tax Breaks”

Local UK cryptocurrency HullCoin is advancing its status and even offering users tax cuts.

As the Financial Times reports this week, HullCoin, which has existed for several years, has grown its user base and attracted government funding.

£240,000 is now earmarked to propagate the scheme, which rewards users who perform socially valuable tasks in the local community. Users then benefit from immutable evidence of their work and its impact, recorded on the Blockchain.

Now, additional benefits could even see local authorities reduce payments of council tax – a monthly fee citizens pay for state services – for valuable HullCoin holders.

“Using Blockchain technology, we embed time-stamped evidence of the positive social outcome of whatever activity has been undertaken into the coin itself,” David Shepherdson, CEO of developer Kaini Industries told the publication.

“This creates a distributed ledger of all the socially good things happening in the community and gives people a social CV they can show to a prospective employer.”

HullCoin is one of several extant local crypto schemes operating in UK cities, other examples including the Liverpool Local Pound and Local Pound East London.

Meanwhile, retailers in Hull can already exercise their moral compass to offer varying discounts to HullCoiners based on the alleged robustness of their Blockchain social record.

“If the good thing was quitting smoking or taking someone’s dog for a walk, I might offer 10 percent or 15 percent off,” the owner of a local chain of pie shops explained.

“Whereas if someone has given blood or pulled a person from a burning car, I might give a 100 percent discount.”

Secret symbol № 6: W What is this?


Miscellaneous

Follow Tiny Crypto Blog on Twitter @tinycryptoblog

Follow Tiny Crypto Blog on YouTube

And yes, I’m on Facebook


Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin. Link HERE

Need a good, basic crypto wallet? Download the Exodus wallet


Earn free cryptos using crypto faucets **Yes, I like crypto faucets! =) **

Moon bitcoin faucet: earn and mine free Bitcoin. More Info Here
Moon litecoin faucet: earn and mine free Litecoin. More Info Here
Moon dogecoin faucet: earn and mine free Dogecoin.  More Info Here

Moon dash faucet: earn and mine free Dash. More Info Here
Bonus Bitcoin: earn between 50-150 bitcoin satoshis every 15 minutes. More Info Here

Donations graciously accepted

Dogecoin – DFLQisdUr9Ku2T7eeWqmSVdZcdH1TkY7pM

Digibyte – D7h48VbmsH9EBCA4TJrTBbU9FvagK29Vvs

Litecoin – LZ6nkvB8RHAiy2LwXsvMcBH853SDwMz7MJ

Vertcoin – VsLNy2atarqw9375GSSm9f3q4jSMXkDyL

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s