Post
Topic
Board Economics
Re: Creating a guaranteed minimum income through crypto-coins
by
thedarklight
on 28/02/2014, 08:18:35 UTC
Okay. So can they kick out the Dutch? Black people? Women? More importantly, would those kicked out, be forbidden from dealing with members of the group, or vice versa?
If we are talking about virtual communities then most of these categories of division do not have to exist. If they do exist because it's a separatist community then the separatists have the right to exclusively associate and assist only other separatists. I don't see how it's my business to interfere with these matters whether or not I agree with it.

I don't think you can force a community to support a group of people financially who they don't want to support without initiating force against them. If you're asking about security issues and the use of force that is an area I cannot cover or be involved with but if you're asking about technology to give people the choice to form their own communities in any fashion they like then I can discuss it from a technological and politically agnostic perspective.

But the larger point was that allmost universally these ideas are basically Ponzi schemes. While certainly there are economies of scale, if 10 people cannot afford the healthcare for themselves, then neither will 50 people, or 100, or a million, or in the US, 340 million, especially since the money used (taxes) loses 50+ percent of it's value off of the top.

Shares are capital assets. It's not a ponzi scheme to distribute capital assets which appreciate over time. It's not a ponzi scheme to use a dividend to give out basic income. As businesses in the community generate a profit by providing products and services of value they'll have money to give back to shareholders in the form of a dividend. That is not a ponzi scheme, a pyramid scheme, or anything else. No one has to be coerced, it's entirely voluntary and government force does not have to be used so there is no class warfare agenda in my plan.

This is one of the issues that people wanting "free money (anything)" schemes refuse to address.

You don't understand because you did not read my white paper. Dividends are not free money. Dividends are given to shareholders only if the business is profitable. Businesses which fail don't produce any dividends.

Distributing shares isn't the same as "free money" because shares alone aren't worth anything until people make the businesses profitable.