Coin mining for nonprofits

Reflecting on:

Thought experiment. Pretend for a moment that a single non-profit or group of non-profits worked together to set up a closed cryptocurrency mining network. This is a bunch of machines that talk to one another to maintain a ledger, accept transactions signed with keys, maintain the set of coins and coinholders, and do some kind of lightweight mining to produce new coins at some frequency.

Pretend also say that although the mining pool was limited to the organizations participating in this experiment, transactions were open. Anyone could buy in.

Finally, say an ecommerce system was set up to allow people to exchange real currency for newly mined coins, and there was some requirement that “purchased” coins be held by their purchaser for an extended period of time. Would this constitute a mechanism by which non-profit organizations could raise funds?

What if the non-profit also offered some sort of benefit that holders of coins? What if the holding of a coin, since it could be easily verified, could be presented as a badge on a holder’s digital identity? What if this badge provided for other entitlements with related organizations, or provided some other form of useful equity?

Is there something there? I wonder.