Post
Topic
Board Development & Technical Discussion
Re: Would it be possible to implement a cryptocurrency with distribution of wealth?
by
audaciousbeing
on 14/03/2018, 10:41:41 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.

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.

The "transaction limit" / "free coins amount" 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 only 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.



As much as I would refrain from attacking the people who have this form of ideology, its also worthy to note that such ideology is far from reality because right from the start this idea is flawed. You talked about people selling using the coin within the market place but you forgot the original source of the items to be sold. For example, lets say I am coming into the market to sell phones, of course I would need to buy the phone another market where the coin is not accepted, and considering that I cannot get rich with my sale it then mean I will have to continue to incur loss in other to buy more phones.

In as much as no ideology is perfect, the best way to distribute wealth based on your objective here is to create a level playing ground where people can grow based on the effective use of their brains. Establishing a limit on what they can acquire will only kill initiative and make people lazy. The simple truth is that not everybody will be rich but the fact that there is hope and chance that it might happen one day is enough to keep one going in trying to harness fertile areas.