  Encointer proposes a blockchain platform for local community
cryptocurrencies. Individuals can claim a universal basic income through
issuance of fresh money. Money supply is kept in proportion to population size
through the use of demurrage. Sybil attacks are prevented by regular,
concurrent and randomized pseudonym key signing parties to obtain a
proof-of-personhood. Encointer features privacy by design and purchasing-power
adjusted transaction fees.
