I propose a DNA-coin for the future generations that is more fair than the current model which rewards early miners and early adopters.
Each human gets 1000 coins from his/her blood (DNA) on birth, this will be the most equal monetary system ever created.
Verification mechanisms needs to be invented to prevent fake DNAs to issue coins.
This solution will ensure a very low inflation since the money supply only increases with the birth of each human.
The ratio of Money Supply per Capita will increase at the same rate as the population growth rate. Higher inflation is only possible if the world population decreases.
Each human gets 1000 coins from his/her blood (DNA) on birth, this will be the most equal monetary system ever created.
Verification mechanisms needs to be invented to prevent fake DNAs to issue coins.
This solution will ensure a very low inflation since the money supply only increases with the birth of each human.
The ratio of Money Supply per Capita will increase at the same rate as the population growth rate. Higher inflation is only possible if the world population decreases.
I had this idea too (sort of) in the thread "Human Mined Alt Coin" that I started last week (which thankfully has finally died, hence no link). Using captcha system to verify humanity/existence.
My thinking was that open-source hardware component to verify identities would be impossible to make hack-proof, but if it can be done, I'd be all over it. I just can't see a DNA/fingerprint/iris scan device be both cost effective and plausible. But I ain't too smart.
