Board Thread:Micronations/@comment-15776551-20140924022044/@comment-215477-20140926181106

It's an interesting concept and there's certainly some use for it in small isolated economies, such as those found in micronationalism. LurkSAR makes some good points about security measures to prevent fraud. Micronationalism is a community in which one finds a lot of technical capabilities, especially in the programming field, so fraud is certainly a potential problem, and a likely reality once micronations using this system begin to offer valuable products for purchase via local currency.

You may wish to do some research on the Royal Canadian Mint's 2012 "MintChip" project, which is similar to your idea, except that they're using a smart card instead of a hard drive. If anything, the media coverage of that project may provide some insights as to challenges and possible solutions that can help guide your development.

I've covered your idea in a news article on the Coprieta Standard (http://www.micronationhistory.info/?p=6514) to help it gain further awareness.

I look forward to watching any further developments unfold.