Wikicoin

Countermarked Silver Colored Coins

Wikicoin is a global, open-source, decentralized, digital and/or physical currency. It is designed to enable the widespread adoption of Wikipedia as a reliable, secure, and effective source of information. This currency can use cryptography to secure transactions with wikiwallet and to create a decentralized platform.

History of physical coins

Since the appearance of money, the coin has been a decentralized and anonymous store of value. Its issuer certainly benefits from an issue premium, but the legal value of the coin is difficult to manipulate, except by reducing the precious metal content.
With the abandonment of gold coins in the 1930s and silver coins in 1964, coins no longer have any intrinsic value: on the contrary, they are a source of cost for banks wishing to reduce the use of physical currency.

The financial system is now composed of 2 independent subsystems:

• physical money (composed of metal coins and banknotes) whose management is relatively expensive; the role of metal coinage is to be a proof of the value of the currency because it is expensive to produce in materials and energy; banknotes being a strictly fiduciary currency intended to facilitate physical exchanges.
• and electronic money based on artificial scarcity, whose value is guaranteed by states and whose marginal production is zero. Because electronic money is by nature hyper-traceable and has limited confidentiality, it is therefore relatively easy for a state to economically kill a person. Wikicoin's project is therefore to limit censorship.

Cryptocurrencies based on physical coins are represented by material objects containing a code or a private key allowing access to digital funds. For example, Casascius is one of the best-known physical cryptocurrencies. Created in 2011 by Mike Caldwell, it consists of an array of coins and metal bars containing cryptocurrencies and a private code or key.

Wikicoin could be currencies composed with countermarked coins. The Wikicoin name means that this coin is quickly countermarked with text or keywords and will be indefinitely editable by multiple editors. It is open by nature to all those who want to contribute to depositing their personal marks there.

The goal of the Wikicoins project is to transform fungible coins (differentiable only by their year of minting) into fungible and non-fungible tokens because of their unique number (like a banknote) or their distinctive sign.

As copyleft is based on copyright to guarantee the freedom of use of data, wikicoin consists of using cash to guarantee anonymous transactions in an open community.

Manual

WikiMoney Punching DIY Toolkit

The requirement is to have a DIY toolkit for stamping or engraving:

• Like nickel hobos, contributors can edit 1 or 5 cents coin
• The blockchain oracle between the tangible physical good (coin) and the dematerialized title deed (NFT) is garanteed by an individual bridge

Advantages

• The Counterfeit money and the environmental impact of these wikicurrencies are limited due to the recycling of old coins or legal tender coins
• The transfer of ownership for bullion coins composed of precious metal is facilitated

• 

  Satoshi Nakamoto silver coins

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  Silver coins with circle, triangle, square or diamond holes

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  Cyberpunk Wikicoin

Precious metal options

Silver is certainly 17 times more abundant than gold under the earth's crust; but this precious metal is more difficult to mine than gold and requires more energy to extract. According to ChatGPT, an equal amount of 170,000 tons of gold and silver has been mined since mankind began mining. The silver was consumed by several industries (electronics, electrical components, photography, mirrors, and biology or coins); consequently, a signigicant part of the mined silver has been consumed and the silver available on the surface is logically rarer than the mined gold.

An overstriked or countermarked coin with legal tender could become a new form of stablecoin; a coin having intrinsic precious metal value could become a time-based currency again.

Because silver metal is undervalued due to industrial uses and because silver coins have been distributed throughout the world, we choose this metal standard.

The legal tender option of a "stable coin"

The advantages are to allow everyone to create their own stable currency, both physical and crypto.

• 

  Wikiconvention countermarked money

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  1 cent countermarked wikimoney examples

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  1kg euro coins lot

Creation and use process

Membership

"Membership" consists of creating two sides of a same coin:

1. A process modifying a coin in order the make a unique wikicoin
2. Digital numerisation of 2D or 3D image of the wikicoin

This can apply to both sides of a wikiwallet :

1. the pattern and the frieze are the "right" side containing the private key of the wallet; the latter generates a public key in a blockchain.
2. the public key of the NFT appears on the "left" part of the wallet: it shows the proof of stake showing the tails side of the countermarked coin on which appears the year of minting. We recommend striking 3 countermarks in the form of guarantee hallmarks: the title hallmark of the metal, the master hallmark (manufacturer) and the hallmark of the blockchain used. Depending on the choice of a dApp, the owner of the NFT can be traceable or anonymous according to the Zerocoin or Mimblewimble protocols.

Demembership

Stripping is the process of changing ownership of the physical wikicoin and/or associated NFT.

The holding of physical wikicoin is by nature anonymous, like cash.

Remembership

"Remembership" consists of bringing together again two "sides" of the same wikicoin. The combination of the proof of physical possession and the NFT multiplies the value of the "reassembled" token tenfold; indeed, it certifies that the title deed of the NFT authenticates the legitimate owner of the physical wikicoin or wikiwallet.

Risks about Wikicoins

To avoid losing, stealing or damaging your WikiMoney coins, you can:

• Keep them in a safe and discreet place, such as a safe, box or purse.
• Transport them with care and discretion, avoiding exposing them to the risk of falling, impact or theft.
• Protect them from external elements, such as humidity, heat or corrosion, by using suitable cases or envelopes.
• Save them digitally, by scanning or photographing the QR codes or information associated with WikiMoney currencies.
• Insure them with a company specializing in alternative currencies or cryptocurrencies, if you have a large quantity or high value of WikiMoney currencies.

See also

• Punch-marked silver coins of India
• Countermarked silver yen
• Hobo nickel

Related articles

• Wikimoney
• Wikiwallet