If you don't understand why this could be a good idea because you don't like it and want to attack people with this kind of ideas, please don't comment, I don't want a politics discussion here.
I understand what you want to achieve and why but I don't think your idea will solve this problem.
Even if you find a perfect technical solution to your problem (what is not possible because of several reasons) you will not solve the social issues with this idea.
There is a difference to do things right and to do the right things.
To create a fair distributed currency to solve unfair distributed wealth is not the right thing to solve this.
Here are my thoughts to your idea:
- Your wording is incorrect. Distributing wealth is not what you achieve with your idea.
When you introduce a fair distributed crypto currency, only this currency is fairly distributed at the beginning. But you forget, that wealth is more than this new money.
There are goods/properties/other currencies and so on owned by people. Your new fair distributed currency will not change anything about this. Rich people stay rich, poor people stay poor - Unless you forbid at the same time any other form of money or store of value the people will just exchange their coins to anything else before their upper transaction limit is reached. This would (if not already existing) create a parallel currency which don't have this artificial limits.
- The current average mindset of humans will not allow such a system. A person who do more or more valuable work (in their thinking) usually also want to benefit more than someone who do less or less valuable work. In their thinking you just want to steal their well earned money. It's just unfair for them. So why should they participate?
- And if you think that no one would exploit such a system, you are very naive
Until the mindset of humanity don't change, such a system like communism will not work.
And if the unrealistic case happens, that everybody become a saint who's destiny is to do whatever necessary to help society, we would not need any form of money at all.
Sorry for pointing out those non technical issues, but it make no sense to create a solution which would not solve the problem.
It's like if you want to fly to the moon and build a car for this.
Even if the car is technically the best what can be done, it just does not fit to your problem flying to the moon.
The same is that a new fair distributed currency never solve an unfair distributed wealth.