Post
Topic
Board Development & Technical Discussion
Re: Would it be possible to implement a cryptocurrency with distribution of wealth?
by
Xynerise
on 09/03/2018, 22:57:22 UTC
I have an incomplete idea with some missing peaces 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.
Cryptocurrencies have low entry barriers.
Nothing prevents a user from creating multiple wallets/addresses to bypass this limitation.
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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 become rich with it, but you will receive free coins.
How will the items or the money have any value when it's being given out willy-nilly?
Money has value BECAUSE it is scarce.

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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.
Not possible in a decentralised setting, unless it's a centralised setting then it has a greater than 0% chance of working.
Cryptocurrencies have low entry barriers; raising or restricting this barriers leads to centralisation, which is what is being avoided.