I am only concerned with the correct distribution.  In my opinion, if the initial distribution and all following additional increments are supremely fair then that's all anyone can ask.  Hard work should always be rewarded and if the coins end in the hands of those that make,produce, and work more then that's a great thing.

As far as people paying for more, that is an individuals choice as to whether they want to let them go--that's fair.

You're right that is far more fair that what we've had.  However, the unit of account is a big problem in my opinion.  Also, I don't really know if Keynesian ideas are correct or not.  

Also, we can always get more and more fair in my opinion.

No that's ok.  It sounds like I'm very naive. 

Thank you.  I'll bet we could possibly come close though.  Maybe that would be good enough until version 2?

If you are asking am I a seasoned programmer, I am not.  I am hoping to find people interested in this project and the goals I have stated.  If not, I may pay someone as I'm able.  I do have professional contacts that may be interested but I figured I'd go to the smartest people first.  

As far as being naive....I hope so.  I honestly have zero profit motive.  Well, I would like to benefit from such a system--the same as everyone else.  I think this idea has merit though.  

I have mined other coins and I have very novice programming experience.  I am a GREAT GUY though so I've got that going for me.  

William do you have an idea as to how you could ensure new users are unique so as coins are generated they do not go to people that have created many either addresses or accounts?  This does not have to be like anything we've seen before.

Thanks for the thought.  Sorry it took me so long to respond.  I disagree with you though.  Currently all new money created that is not debt goes to banks whether the Federal reserve or local banks.  They create policies that allow them to enrich their friends.

I think it is fine if a real company that produces goods and services winds up with the most money as long as when the money is created it goes to all individuals equally.  That is a fair system whether you never create new currency or you crank it out 24/7.  Cranking out currency for no reason would not be the goal of the currency I'm describing.  The goal would be to create a currency that can be used as a unit of account instantly and all new currency created goes to everyone equally.  What we'd try to do is get one unit of this currency equal to one US dollar at all times.


The captcha idea is interesting.  So that's the first idea!  Let's keep this rolling.

The biggest problem I'm having is determining how to verify a registration especially with wanting to keep it decentralized.  Do you do some typo of palm reader like they have in some bitcon atms and then hash the resulting image file and check to see if that one isn't already used?  Could you base it on ip and only allow an ip to have so many registrations.   

How could this be done?

Anyone that's interested, let me know.  Colin, I welcome your thoughts if you have any.

Yes, I'm thinking that everyone gets equal amounts as new coins are produced.  Miners should be given more of a salary I'm thinking.  I am unsure.  I need help.  Thanks.

I would like to start a decentralized currency, OR put it on top of the bitcoin network, that is absolutely fair.  It would work as a unit of account with a production model that tries to keep the value level with whatever the world reserve currency is OR some combination of the top currencies.  This is, of course, open for discussion.  The main point is to keep the currency absolutely fair. 

Whenever new currency is created, overall, it should go to all users equally.  I say overall because miners should get paid and so should staff that's voted in--possibly.   I am not certain if the Keynesian model is correct.  I do KNOW that having new money go to a small group of people is UNFAIR.

I am not sure how to ensure the system is not cheated with new users, that is registering more than once.   Plus I'm sure there are a zillion things I did not think of.

Please help me.  At worst, this will be a great thought experiment.

Thank you.