Post
Topic
Board Bitcoin Discussion
Re: "Bitcoin is Dead" - Mike Hearn
by
KryptoKomsamol
on 12/10/2018, 16:56:14 UTC
What if there is an alternative economical coding for a coin that can become a base for a new coin that will naturally replace all others including fiat, to help anarchic communism or at least true fair socialism? here is an idea, for possibly, such a coin structure:


Phase 1: Cryptocurrency and Protocol

1. The protocol shell be coded so that all the following phases would be implemented at their time (to implement truly communistic or socialistic regimes).

2. The coin that shell be created should have a limited emission with no self causing inflation (eg. 100 billiards in total and no more)

3. The coin shell be only sold for other crypto-currencies and the buyer shell obtain specifically coded wallet which is accepted by the coins blockchain system.

4. The minimum exchange rate of the coin should be continuously increasing at a constant compound interest rate. This should be realized via coding the coin's multi-coin wallet so that it can exchange the coin on other coins at a given rate at a time. Therefore the exchange rate of the coin will be continuously increasing.

5. The minimum exchange rate shell also have the ability to increase itself according to the price of the most expensive alternative coin, no matter the possible following decrease of the rate of an alternative coin. Thus at any conditions on the market the coin will be the most attractive investment.

(All exchange rates could be verified using specific A.I. researching prices on all stock exchange platforms.)

Such an approach requires demand for the sales of the coins to be completed at any time if wished by the owner, how ever the approach itself is expected to cause the demand as it makes the coin a stable profitable investment.

(The following phases related to Communism will be posted later according to the discussion.)