Post
Topic
Board Economics
Re: Creating a guaranteed minimum income through crypto-coins
by
brush242
on 04/03/2014, 20:22:14 UTC
Keep in mind that all you're doing with all these schemes is driving up the cost of using this system.

Like I said, the easiest and more accurate would be the Oddballcoin Minimum Income Verification Association. The OMIVA would just verify people and issue them some part of a crypto system.
I'm sorry, I don't see where you have said any such thing.  Those terms don't show up except in your latest post when I search all Bitcoin Forum, nor in the obvious Google searches.   

Are you just making up this "OMIVA" term to describe your previous unsupported claim that this is actually an easy problem to solve?  Or is this something real that I just can't seem to find?
No. (Well, yes, I made it up as an example). Look here: https://bitcointalk.org/index.php?topic=430364.msg5389223;topicseen#msg5389223 But very briefly: You set up a non-profit association whose only purpose is to validate that people are who they say they are. 100% voluntary.


Describe a real proposal, or provide a link to it, so we can evaluate it.   I'll be happy if it does turn out to have a simple solution, but so far you've only made a vague claim that it is possible, not any specifics of how it would be done.
No, you either did not read it, or you forgot that you read it. The specifics are simple. I wasn't vague, and I gave you a real-world example.


In the meantime, it appears that you agree that my proposal could work adequately.  I don't see how it increases cost at all (and relative to what?), though it does mean that the effort required is more than zero - maybe half an hour a week to collect TheCoin, plus some other light activity (TBD) to earn the coins.
It increases costs because people a) have to do something, and b) that something seems like a pain. Plus opportunity costs.