Post
Topic
Board Bitcoin Discussion
Re: Satoishi is Szabo / Hettinga / Chaum ?
by
Phinnaeus Gage
on 26/12/2013, 01:56:02 UTC
Did an anonymous commenter show the first use of bitcoins being displayed with eight decimal places: http://unenumerated.blogspot.co.uk/2005/12/bit-gold.html

Quote
Anonymous said...
I think, a database containing every individuals DNA, generate a private/public key.

When a human is born, that humans DNA goes into the "Bank" and that human is assigned 1 "specialdollar" to be used during their life time, in exchange for goods or services.

So, for example to purchase a loaf of bread would be 0.00000648 "specialdollar" since 365 * 80 / 2 = 14600 (1 loaf of bread every 2 days).

To do the exchange, sign the amount with your bank and generate a note of that amount with your public key.

To prevent inflation, the "Bank" can deduct a percentage from each bank account whenever an individual dies.


This sounds crazy, but with todays technoloy something like this is possible, but boring.