Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic
unless somebody has an idea of how that could work?
Will every North Korean get one coin? Well, they will be ordered by the North Korean government to hand all their coins to Kim Jong Un, if the coin ever becomes valuable.
Will every Nigerian or citizen of Ghana get 1 coin, most of them don't even have access to computers?
And what will be it tied to? ID card? DNA? Fingerprint? How will you verify that?
And even if it were possible, a speculator who knows about cryptos would just buy milions of these who would be more than willing to sell it for $1.
In a poor country, $1 is a lot, so they would be more than happy to sell an abstract, "virtual" asset for something concrete like a loaf of bread.
Noble socialist idea, all warm and fuzzy, seem great at first, but when you employ logic and rationality always reveal their stupidity. Just like real life socialism (I lived in a socialist country for a short time).
Everyone would get one coin, also the North Koreans. They are humans too you know
But indeed, it's not possible to uniquely identify everyone and "give" them a coin.
If a speculator buys people's coins for 1$ than that's a good thing, they all got a dollar!
I know it's at the very extreme of socialism, but you have to admit the current distribution method where people with the most GPU power get the most wealth is kind of a big problem.. I hope we will see some innovation away from the "traditional" PoW.
Show Posts
