Quote from: plopper on January 09, 2014, 01:52:19 AM

A major problem of civilization is the large wealth gap between the rich and poor. Since bitcoin has been called "programmable money", it seems this problem can be solved, simply by having the program calculate the overall wealth average, then slide everyone toward the average by a certain percent. I don't mean make everyone absolutely equal because then there'd be no incentive for anyone to work or innovate, just slid toward the average by a certain percentage over time (what percent would work best would have to be experimented with). I just mean society can be thought of as in same ship all being raised by the tide of overall total wealth together. So if a widget (like a computer) comes along that drastically alters society, everyone benefits, rather than just Bill Gates, etc.

Don't get me wrong; I am in the voluntaryist/libertarian camp, and know the argument Alex Jones makes against welfare of it being an attack on the middle class by the mega rich who are exempt from tax. And tax is a violation of the non aggression principle because people are forced into it. However welfare coin (or bitcoin reprogrammed as described above, moving everyone toward the wealth average) would be voluntary. Nobody would be forced to use it. What do you think?

Someone else said it could be exploited because people would make tons of extra wallets to catch all the welfare payments. So the technical problem seems to be limiting 1 wallet per 1 person (or even multple wallets per 1 person, but record which wallet belongs to who). It seems this technical problem could be solved with a fingerprint or similar somehow?

what can you truly buy with it? Crack ? syringes? and bottle of ripple?