I have an idea to create a digital currency based on JWT tokens. What do you think? 😕

Donno, sounds funny

@SirWindfield lol. I actually think a JWT token can serve as an interesting object to store value considering thousands of applications use them for authentication. Maybe this tokens can serve as some kind virtual cash.

I seriously meant it as I said. It sounds funny but I have NO idea on how someone would create a virtual currency. I mean, currencies represent real life value. But how to they get that value? They can't just get valuable from thin air.

You see value is derived when a group of people say an object is worth something based on functions or attributes of the said object. They come together to determine how this value is measured. Value isn't some magic concept that only applies to certain things.

Think about it this way. If you have something I want, maybe a useless stick and I ask you to give this stick to me because I need it for a specific purpose, but then you insist I give you $1, at that point you have raised the value of a supposedly useless stick to $1.

JWT tokens are wildly used as a cryptographic object to gain access to restricted services. It already acts like a some kind of currency in a way. You essentially buy it when you subscribe to an SaaS API which you later provide to gain access to a service. That makes it valuable.

@ncodes that really sounds fun to me tho. I am kinda interested :)

Cool :). How do you feel about Go? Already have some codes written in Go.

@ncodes I used it once for creating native stubs that were used to download the Java JRE (if needed) and boot up my main application (after updating it's core).

@ncodes would be nice if I could help you somehow out. I would really like to follow the process and maybe even take part in creating something line a crypto currency