After learning a little bit about cryptocurrencies and blockchains, I decided to create my own experimental coin: L365.
Unlike Bitcoin, L365 does not use a blockchain. For now it simply uses a database on my website to keep track of balances and transactions.
Users can receive 10 coins for free each day, as long as the supply lasts. Users can send coins to each other, collect them, and spend them on future features and experiments.
Like any currency, the value of L365 depends on whether people find it useful and are willing to use it. Because L365 is stored in a database that I manage, trust also plays an important role. Users must trust that I maintain the system fairly, keep accurate records, and do not create or remove coins without being transparent about it.
Is L365 a real cryptocurrency? Not quite. Is it a way to explore many of the same ideas behind money, trust, ownership, and value? Absolutely.