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February 16, 2016, 08:16:06 PM
Last edit: February 18, 2016, 10:35:53 PM by Kevin7777777 |
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FIAT MONEY is borrowed into existance, and its borrowed to people that has capital guarranties. Also CRYPTOCURRENCIES (Proof of Work or Proof of Stake) create money and distributes this money proportional to CAPITAL, because you need capital in order to build a miner node or to proof you have a crypto stake. NEW CREATED MONEY has to be distributed proportional to PEOPLE, not to CAPITAL. Distributing created money proportional to capital is not sustainable in time.
There will be a few cryptocurrencies in the future, from wich people and merchants (and then miners) will choose the most convenient.
PEOPLE COIN is a ETHEREUM variation in which we include in every mined block, a coinbase transaction send to a DAO that belongs to THE PEOPLE.
This DAO has as its only purpose to belong to every person in equal parts. People have to subscribe to it using their State oficial ID (Identity Oracle?) including a Ethereum personal address. This DAO will receive a Coinbase tx on every mined block and distribute it in equal parts to all the people. Miners will go along with it if the coin goes mainstream, and it will.
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