Post
Topic
Board Development & Technical Discussion
Re: Cryptocurrency Idea
by
Epee
on 21/02/2018, 21:09:43 UTC
I wanted to create a universal income coin, where if you had like $1,000 or more worth of the coin you would begin to be taxed on it, but that tax would be directly distributed to every persons wallet, and the more that you held in your account, the higher % you would get taxed. 

With That I wondered for quite some time, on how to ensure that one person doesn't make 500 or some ridiculous number of wallets just to get paid more, and then I thought all this, of sending in USD and tracking how much they gave us to begin with, seemed like the solution I was looking for.

Then I thought of the PoS system being able to function in this way, but, there is a max supply on the coins, PoS can't run forever as far as I know, transaction fee's wouldn't be enough in the end to make this a legit basic income coin.

I thought my numbers looked all right though, for the initial phase, 2.5% for staking your coins or w/e, that would get the ball rolling, would be enough incentive.

I didn't mention most of this until now because I thought it was more important to get that website registry for $ idea out first.