Quote from: Rassah on December 19, 2011, 07:17:59 PM

Quote from: robkohr on December 19, 2011, 07:06:36 PM

Why not just reward people for mining the way bitcoin does? This way it is a non-centralized government recognized currency that also pays for govt activities.

Anyone in the world could mine the currency for the govt, and it would be taxed world wide, and then spent in the country by the govt.

*facepalm* good point.
I guess then the only issue would be people picking between a distributed decentralised currency that charges taxes, and one that doesn't.

Miners do not give a shit about the moral implications of charging taxes.

They just mine where there's money to be made. That is decided by the amount of economic activity in the network (tx fees) and the size of the economy it covers (value of each coin). What network do you think it is most profitable to keep secure?

A network used by an entire country where a percentage of the money goes to taxes?

Or a network that still isn't used by anyone other than speculators.

Although a viable idea, I don't think any government will be considering implementing their own countrycoin before bitcoin would already account for most economic transactions in the country. The idea is so far-fetched that the point they would be able to convince their conservative nay sayers about it being a good idea is when they are actually using them by themselves in day to day transactions. And at that point the coins would obviously be worthless compared to a Bitcoin that people actually use.

Btw of course the way to levy a wealth-tax should not be redistributing existing coins, but would just be done by a continuous inflation rate (so there would be no preset total amount of coins). That way it wouldn't feel like you're actually losing coins. Fun fact, thats how it's done today.