idea for a coin- socialist coin

[ronimacarroni]

I have an idea for a coin.
It'd be called socialist coin.
The way it would work would be that when the coin is spent 90% of it would be divided redistributed to all the wallets within the network and 10% would go to the merchant.
So everyone would get more socialist coins as more people spent them.
The algorithm used would be memorycoin's to ensure the proletariat had access to mining...
Comrade.

[1714641081]

1714641081

[1714641081]

1714641081

[1714641081]

1714641081

[Marduk]

Hmmmmm...



http://en.wikipedia.org/wiki/Poe%27s_law

[ronimacarroni]

Hmmmmm...



http://en.wikipedia.org/wiki/Poe%27s_law

Well I posted this before i did the math...
Let's say there's 11 people with 100 coins each.
1 of them spends one hundred.
Now 1 person has 0 and the rest 110.
So the rest spend 100 and get 90 each and the person with none gets 100.
So they're back to square one with 100 coins each...
But them again this coin design might encourage hoarding so...
Who knows, there is only one way to find out and thats for someone to make the coin.

[DecentralizeEconomics]

This crypto already exists.  It's called Bitshares.

[ronimacarroni]

This crypto already exists.  It's called Bitshares.

Well I ain't gonna lie.
I don't understand how bitshares work.
But I think the premise of it would be to create more shares the more people use bit assets?
In which case it would not be the same.
Socialist coins would not be created every time someone spends them, they would be divided and redistributed to all the wallets within the network.

[vankoovo]

I have an idea for a coin.
It'd be called socialist coin.
The way it would work would be that when the coin is spent 90% of it would be divided redistributed to all the wallets within the network and 10% would go to the merchant.
So everyone would get more socialist coins as more people spent them.
The algorithm used would be memorycoin's to ensure the proletariat had access to mining...
Comrade.

And Facecoin? Tweetcoin? Instacoin ? Tsucoin ?,...

[YarkoL]

Hmmmmm...



http://en.wikipedia.org/wiki/Poe%27s_law

Well I posted this before i did the math...
Let's say there's 11 people with 100 coins each.
1 of them spends one hundred.
Now 1 person has 0 and the rest 110.

So the merchant ends up having the same amount as
everybody else?
 

[ronimacarroni]

Hmmmmm...



http://en.wikipedia.org/wiki/Poe%27s_law

Well I posted this before i did the math...
Let's say there's 11 people with 100 coins each.
1 of them spends one hundred.
Now 1 person has 0 and the rest 110.

So the merchant ends up having the same amount as
everybody else?
 

No the merchant gets 10%
I just did it like that to simplify the math