Post
Topic
Board Economics
Re: Ideas for more efficient distribution of money?
by
Viavictus
on 22/11/2013, 10:18:55 UTC
How can we improve upon Bitcoin's highly concentrated coin distribution?

Only the top 3% should be power-law concentrated, the rest distributed with diffuse gas random concentrations:

"Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States" by A. A. Dragulescu and V. M. Yakovenko

We shouldn't give coins away to the lazy who do nothing to earn them, because Risto explained that in Russia the recipients just squandered the gifts.

Ideas thus far:

1. Decentralized CPU-only proof-of-work, but the threat are botnets

2. Centralized premine then distributed with a faucet first-come, first-served until depleted.

3. Centralized premine then distributed to merchants every month or quarter evaluated to be bonafide. So this really requires hiring staff, which should be paid either from premine or a foundation with membership fees.

Hit me with ideas please!

I will keep self-moderation to an absolute minimum but please try to stay on topic and no ego battles.

Thoughts:

1. Decentralized CPU only proof of work will still result in what happened to Bitcoin. People with more resources can afford more CPU and so on.

2. Centralized premine presents itself as it is. Centralized. People need to trust this centralized source in that they (in good will) will eventually decentralize the seeds of labour.