I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.
If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.
My idea is to have like a south side Chicago coin.
Just how absolutely wrong am I?
Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?