Solar and Solar-Coin are not the same financial unit. I have been to different countries which all used the same term for their currency, but it was valued differently against the US dollar. To that end, I don't really see a conflict here. Two currencies with similar names shouldn't be that much of an issue.

I just noticed that the formatting of my post is all wrong, rendering my post a giant wall of text, I'll repost it here (as I can't seem to edit my posts), trying to make it more readable: In the world of CryptoCurrency, mining does not only serve to create additional currency (coins), it also serves to validate transactions and, depending on the currency, other tasks such as storing data or signal analysis, if you choose the right technology, all sorts of services can be embedded in the chain and, thus, add value to it. Restricting a CryptoCurrency to a select audience should be done with care, as it can render the currency, practically useless, first there's the issue of adoption, if the currency isn't adopted by a sufficient amount of 3rd party platforms, wallets and exchanges, it is unlikely to see widespread use, as it is simply too impractical to use. But also, in the context of transaction validation, it might render the transaction time too long to be practical, if you are paying for something, many vendors will want the transaction to be validated before they hand you your product or service, if there's too few miners, this process may take too long to be practical. Speaking of mining, there is, as I see it, several solution to this problem: 1) Have the currency be partially or completely pre mined, in the case of completely pre mined, a central bank could be in control of the entire supply of currency, not at all dissimilar to what happened back in the days when only national banks were allowed to mint new currency. In the case of partially pre mined, this could be used to incentivize Asgardian citizens, to give them a head start on the currency, but allow outside miners to put their machinery to use in the service of the SOLAR system, validating and performing whatever other tasks we decide to embed in the system. 2) Allow only Asgardian citizens to create new currency, but setup dedicated servers to make sure there's always SOME capacity to validate transactions. This would require some dedicated equipment, and, likely, custom code for the CryptoCurrency. Before presenting the solution I'd prefer (under the assumption that we'd want to favor economic nationalism), allow me to introduce another layer of complexity that we'd have to consider: Consensus mechanism: In many of todays CryptoCurrencies, deciding on which block should be the next in the blockchain, is done by voting and votes are allocated based on Proof of Work, proving that you've solved a complex mathematical problem, usually expending a lot of electrical energy in the process, this is what happens in BitCoin and many other contemporary CryptoCurrencies, this is known as Proof of Work, or PoW, for short. Currently there are two other well known consensus mechanisms: Proof of Stake (PoS): In this consensus mechanism you get votes allocated on how much of the currency you "tie down", you send it to some wallet where it will only be released back to you after a set amount of time, thus, you are forfeiting your right to use the currency during that time. This consensus method can't stand alone as you need some currency to create the first currency, but this is a technical detail that can be solved, for one, by pre mining. Proof of Capacity (PoC): This is a seldom used consensus mechanism, which, simply told, is based on you filling up your hard drive with data and proving this to the chain, in exchange for votes on which block will be the next valid one. 3) In my mind, the optimal mixture would be that of a partially pre mined currency, to reward citizens with say, 1 SOLAR each, then have the majority (say 90%) of blocks be chosen by PoS, again, favoring Asgardians, who've already been issued the currency, but not barring anyone, as other people would be able to attain currency, by earning it from an Asgardian citizen, or by providing machine power (mining) one of the remaining (say, 10%) of the blocks, providing services to the Asgardian society in the process. The exact ratio of PoS to PoW would be determined by the amount of work that needs to be done, also, the ratio or difficulty could be tweaked, based on the interest shown and transaction power needed.

If we choose a predominantly Proof of Stake consensus mechanism, mining is simple and can be implemented simply as transferring funds to a predefined wallet. If it's implemented as Proof of Work, hardware is needed, but it can still be fairly simple, for example, see this page: https://coinpot.co/ WARNING: Below explanation and examples are very simplified, please ask questions if any of it seems too simple If we decide that only Asgardians should be able to mine SOLAR, then we're cutting ourselves off from using outside miners hardware to do all additional work included in our chain, this WILL include verifying transactions, but CAN also include a multitude of other things, such as signal processing (a somewhat made up example of this could be error correction on low priority, high volume communication in error prone environments, for example between ground stations and satellites), also such a decision cuts us off from using some of the simple solutions such as the Wave network, on which you can deploy your own cryptocurrency in a matter of minutes at the cost of 1 WAVE (currently around 8$).

I agree with your basic sentiment, but I don't agree that restricting mining is the solution. If you want to limit the accessibility of a CryptoCurrency, until a fixed amount of coins are available, you can simply issue the chain with a fixed amount of starting coins and distribute those among citizens. (https://www.cryptocompare.com/coins/guides/what-is-a-premine/) In my opinion, this suggestion belongs in the form of an entry in the announced economy/finance competition.