Subject to the creation of legal agreements – that concern the acceptance of Comcoins™ as a return on investment (ROI) – project communities receiving funds collected through CM will be kept accountable by purchasing Class A Investment Shares in the I3 Investment Coop.
Using The Blockchain To Prove ROI
To prove ROI of Class A Investments, Comcoins™ given to content contributors must be identified as ‘first generation’. This will enable them to be distinguished from Comcoins™ that have been upcycled – or re-exchanged – in other projects.
As Comcoins™ becomes more established, we could decide to back transactions in the Comcoin™ Exchange by building a parallel instance of Comcoins™ on the blockchain, which will mirror the transactions and be used to reconcile accounts. Alternatively, the development of blockchain apps – and increased global access to smartphones and the internet – make it likely that the entire exchange will be run on the blockchain instead.
Why Not Just Blockchain?
Why do we need a simple mobile solution as well as a blockchain? Blockchain wallets require a smartphone and good internet service, whereas Cyclos enables transactions through SMS. Other related issues to consider include:
Note: Internet protocols are being developed for overcoming the same challenges as the blockchain, at less cost. Example: Ceptr