[**OMG**] Welfare Coin [**stupid eye catching spam title CLICK ME! BEST TOPIC!*]

[MisO69]

Brain hurts.   Lets apply the same logic to countries that we apply to people.  -  No country can have an excessively greater amount of wealth (assets, cash, property, etc)  then others.

So, ready to ship out your computer and a fair share of your material possessions to other countries where they are not as abundant?

If it solves the world problems and we all start getting along then yes, absolutely and a resounding yes. They can have my shit.

[MisO69]

When a traffic cop woman gets executed for sneezing you have bigger problems then redistribution of wealth.

What?

[Maluridea]

I don't mean make everyone absolutely equal because then there'd be no incentive for anyone to work or innovate

An assumption that has been proven time and time again to be questionable. It sits well with neoclassic economics to think that monetary incentives or incentives linked to gaining favorable position over others is a main motivator. But today we know that this view isn't true. There are loads of incentives that are non monetary or self-beneficial in nature. Many are altruistic, social, ideological etc in nature.

Check for instance evolutionary economics, social entrepreneurship etc.

Not that it changes your idea, but as a innovation management and business development person that dislikes the notions of neoclassical economics I got offended ^^.

[jongameson]

yes great idea. i was thinking about something similar. it should be possible somehow to come up with a technology that ensures that everybody has just one wallet or bank account or whatever.

in another thread i proposed the idea of an upper limit on how much a single person can own. people will shout at you for mentioning something like that but it would indeed be fair. There is no sense in one person owning 50 billion USD (Bill Gates).

Also there should be demurrage so that hoarding does not pay off. interest just guarantees that the gap between rich and poor gets bigger and bigger. quite stupid.

that's why dodge coin was made

wow indeed

[citislicker]

It will only help make the poor equally poor. Socialism doesn't work. We have countless examples that show how socialism consistently creates poverty.

Hmmm what about Chavez lifting millions of people out of poverty? He used to provide cheap oil to poor people in the US, can't remember the last time Exxon made any discounts for people struggling to heat their homes. Argentina (pre US freemarket intervention) had higher literacy rates and less inequality than most western countries.

Spoken like a true dictator. Next your going to say that Castro was a humane person.

[citislicker]

A major problem of civilization is the large wealth gap between the rich and poor. Since bitcoin has been called "programmable money", it seems this problem can be solved, simply by having the program calculate the overall wealth average, then slide everyone toward the average by a certain percent. I don't mean make everyone absolutely equal because then there'd be no incentive for anyone to work or innovate, just slid toward the average by a certain percentage over time (what percent would work best would have to be experimented with). I just mean society can be thought of as in same ship all being raised by the tide of overall total wealth together. So if a widget (like a computer) comes along that drastically alters society, everyone benefits, rather than just Bill Gates, etc.

Don't get me wrong; I am in the voluntaryist/libertarian camp, and know the argument Alex Jones makes against welfare of it being an attack on the middle class by the mega rich who are exempt from tax. And tax is a violation of the non aggression principle because people are forced into it. However welfare coin (or bitcoin reprogrammed as described above, moving everyone toward the wealth average) would be voluntary. Nobody would be forced to use it. What do you think?

Someone else said it could be exploited because people would make tons of extra wallets to catch all the welfare payments. So the technical problem seems to be limiting 1 wallet per 1 person (or even multple wallets per 1 person, but record which wallet belongs to who). It seems this technical problem could be solved with a fingerprint or similar somehow?

what can you truly buy with it? Crack ? syringes? and bottle of ripple?