Post
Topic
Board Serious discussion
Re: generation of cryptographic private keys from personal biometrics
by
so142001
on 21/01/2018, 22:20:02 UTC
My goal with this thought was to find a decentralized and non-corruptible way to air drop every individual a fixed and equal amount to create an balanced economic start for every individual. The problem with current crypto-currencies is one needs to "buy" into it with fiat capital they already have allowing the crypto to preserve their position, especially the richest 1%. A system implementing this idea of decentralized and equal distribution creates a hard stop to the need of using fiat. This allows for and pushes people to start setting it's value based off the goods/services/products they offer rather than comparing it to a fiat system, thus creating a new standard of measure of value.

The principles I believe are important. Preserving decentralization and even distribution is key to having a non-hierarchical economy.