I've been reading and learning about cryptocurrencies for years now, more heavily in the last few months. Been using Bitcoin, Dogecoin, and now Steem.
Creating a new cryptocurrency at this time seems like a waste - or at least not worth it in the long run. These small currencies don't last long, and even if it got to a tradeable point to be worth exchanging for Doge or BTC, it wouldn't be anything special. There's like what, over 600 cryptos now? I've noticed (it's quite obvious actually) most of the general public, some 70%, doesn't even know what Bitcoin is, and it's difficult to explain to some who aren't tech savvy. It wouldn't be too bold to say Bitcoin doesn't seem like real money to some.
A year ago I published a book on Amazon's KDP service (pretty solid setup) as an ebook, and it did okay. But just this week I released a paperback version and got a tremendously more grand response, even from the people that already had bought the ebook. It goes without saying, a physical form of something is often more interesting, and it gives you a real sense of value.
I've been kicking around with some ideas for a cryptocurrency, but what if it could be backed by a physical aspect? Is this a plausible idea? I'd like to possibly stir up a discussion.
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Shameless plug - my book, Endfall: https://www.amazon.com/dp/1520183607