Post
Topic
Board Development & Technical Discussion
Merits 4 from 2 users
Re: Would it be possible to implement a cryptocurrency with distribution of wealth?
by
cellard
on 09/03/2018, 19:15:09 UTC
⭐ Merited by ebliever (2) ,ETFbitcoin (2)
I have an incomplete idea about creating a crypto-currency that distributes wealth, something that communists and socialists will like:
A crypto-currency that has a transaction limit per month, if you are receiving more coins than this limit then you will receive less and less coins in each transaction received, the coins that are taken are distributed equally to the other wallets, so they receive free coins when a transaction is received.

A currency like this could be used to create a community where you sell your service or product to other people on the community and use the coins to buy stuff from people inside the community, you cannot be rich with it, but you will receive free coins.

The transaction limit can be higher or lower depending on the ideology of the creator, the idea is to enable people to chose what kind of economic system they want to work for, instead of being forced to work for a capitalist economy like we do.

I need help to finish the idea by addressing some of the problems with it, for example, right now I don't know how to solve the problem of a user making multiple wallets to bypass the limitation. Surely this can be solved re thinking the idea a little bit, maybe in a more technical way, I have not very much technical knowledge and I want the idea to be discussed so others more capable can make it.

If you don't like the idea and want to attack people with this kind of ideas, please don't comment, I don't want a left-right politics discussion here.




You would need to ask yourself, why would people bother working hard if they are not going to get rich from it?

If you get paid in something that isn't going to increase your purchasing power, im not sure about that, since there wouldn't be an incentive to put the hard work.

Also, how do you control the price to guarantee "people don't get rich from it?" you may be able to code the flow of the coins, but not the price itself, speculation can happen specially in unregulated markets like crypto which is the wild wild west.

I think something like what you are talking about was tried in the past with Freicoin.

These coins don't have much of a future IMO. If you are going to work for something that loses purchasing power overtime, you might as well get paid in fiat, at least it's backed big governments which control real estate, taxes, and so on. I understand that you want to stick to the technical discussion tho, so good luck.