Wificoin lets you buy hotspot access with cryptocurrency

in cryptocurrency •  7 years ago 

Who said there were no practical applications?!

"Here’s how it works. Wificoin first installs its open source operating system onto a Wifi router. When new users try to connect to it, they get 100 Wificoin, which they can spend for 1 megabyte each of wifi access. If they need more, they can either buy Wificoin with Bitcoin or Ethereum, or they can install the software on a router they own which earns them Wificoin each time someone uses it."

More info, here: https://techcrunch.com/2017/09/17/wificoin

wificoin.jpg

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100 coins for 1 megabyte thats insane. I can get wifi for free.

Installing software on your router, thats like leaving your house unlocked and personally giving strangers the key.

I like the concept, though not sure if there's a more secure way to do it