After an hour of
questions, Harris thanked the small crowd and was promptly accosted by a
tall man and a woman in red who wanted to buy some MazaCoin, which
Harris was selling for 10 cents apiece. The two trailed him around the
room as he hunted for a printer so he could issue the digital currency
on paper. MazaCoin is a month-old cryptocurrency based on the same
proof-of-work algorithm as Bitcoin, the virtual currency that
approximates cash on the internet —but no one in the room was equipped
to made a digital trade.
There have been a slew of copycats since the rise of
Bitcoin in 2009. The first wave attempted to improve on the basic
Bitcoin protocol. The second wave, which includes the meme-based
Dogecoin and the Icelandic Auroracoin, are catering to specific groups.