Quote from: giantdragon on January 25, 2014, 04:59:55 PM

Quote from: TCraver on January 25, 2014, 07:21:04 AM

Of possible interest to those posting to this topic:
https://bitcointalk.org/index.php?topic=430364.new#new
It's a very preliminary proposal for an altcoin that would generate a guaranteed income for anyone.

This would do an end-run around governments and the whole "Tax some to pay others" mess.

Nobody of the capital owners will accept these altcoins IMHO.

Why do the capital owners accept dollars? They are a useful medium of exchange between themselves, and they can pay workers with them.

The same will be true for the guaranteed coin, plus it has a number of positive economic advantages. (Near zero inflation, deflation only at the rate of economic growth per capita, much faster money velocity.) The only thing it can't do, is act as a store of value - for which the capital owners have plenty of alternatives.

Or are you just assuming that capital owners would be suspicious that somehow they're getting robbed, if a lot of other people are suddenly better off?