# Forward
By: Tom Westlund
Seedcoin: The original idea was sowed in 2013 to create a crypto-currency backed by actual seeds. To me a currency backed by seeds made more sense than one backed by gold. Humans canʼt eat gold. The initial push was to give 90% of the initial coin base to Global Seed Banks. In order to create a sizable coinbase I had to actually mine all the coins on my mining farm because I had not figured out how to create an instamine function in the code base when I created the genesis block of the original Seed Coin. It was basically a litecoin clone with a few parameter changes. At the time bitcoin was really new and not many people understood what it could do. So we were met with some bewilderment from seedbanks we approached about the concept. At the time we had no interest in listing the coin on an exchange and trying to sell it. It has been our guiding principle to actually create a currency that people use and value not holding as a purely speculative investment. Which as time has went on seems more likely as there are more opportunities for that to occur with the increase in interest and the writing of code directed toward the ecosystem as a whole..
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