Comment Re:eMunie (Score 1) 287
Although not everything is known yet, the creator of eMunie has explained a lot of the mechanisms involved, mostly in forum posts. Those people, like me, who participate in the private beta, see the system working each day. And yes, everybody can apply for the beta.
There is no central mint involved. An initial number of coins will be pre-allocated in the genesis block. All of those coins will be sold (for dollars, Bitcoin & Litecoin), and everybody can participate. From then on new coins are distributed in two ways: everybody who has coins gets a small percentage of his coins as interest, and clients who register transactions (called "hatchers") get a fee to do that job. The "hatchers" don't do the same calculation all together, like Bitcoin miners, but transactions are appointed to them.