Post
Topic
Board Economics
Re: Creating a guaranteed minimum income through crypto-coins
by
brush242
on 03/03/2014, 20:43:26 UTC
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.

No, I understand quite well, and yes, I did read your paper.

"Any human being instinctively uses this sort algorithm on a daily basis, as well as the path of least resistance algorithm but for computers we must take the actions human beings do in ordinary life, turn them into algorithms and then translate those algorithms into computer code."

This is just cost/benefit analysis, which is what humans do with every single decision they make, no matter how small.

Your paper sounds nice, just like Social Security sounds nice: "we're just asking everyone to pay their fair share to help those less-fortunate." Except, well, in practice it has been almost the dead worst investment ever; it takes an enormous amount of personal income, thus acts as a disincentive to productive work; and it has given the government a further tool to mislead the populace and devalue money.

Beyond that? Well, I'll just mention one here. If you actually create some sort of non-owned autonomous entity, someone else is going to take it away from you.