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August 16, 2017, 03:34:57 PM
 #21

I was having a kind of thought experiment...

Let's say that you create a new crypto-currency. Before the creation of the first genesis block you create 25 billion wallets with each 1 coin in it. The purpose of this would be that anyone on earth, could claim his 1 coin at anytime.

My question:

How would you prevent that someone claims more than 1 wallet?


PS: I didn't incorporate more details because this is not necessary for the question at hand.

It would require something unique and universal, like a passport, drivers license or national ID card, it depends on which country the person lives.

Works the same way as KYC on any exchange, poker site, betting site, etc, and it would be quite expensive.

That would be the biggest dox this planet has ever seen just in case. Also, if it requires such verification, how would the people be motivated to collect their share of the crypto? But that is another story. The only thing to claim it  by every single person in this world is by submitting proof of identification like IDs and (possibly) hair samples for DNA testing (which is very expensive).

nice thoughts here, it's also a nice question it also make me stop my activities in while. I suggest biometric checking might work.


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August 17, 2017, 09:12:28 AM
 #22

I was having a kind of thought experiment...

Let's say that you create a new crypto-currency. Before the creation of the first genesis block you create 25 billion wallets with each 1 coin in it. The purpose of this would be that anyone on earth, could claim his 1 coin at anytime.

My question: How would you prevent that someone claims more than 1 wallet? PS: I didn't incorporate more details because this is not necessary for the question at hand.

It would require something unique and universal, like a passport, drivers license or national ID card, it depends on which country the person lives. Works the same way as KYC on any exchange, poker site, betting site, etc, and it would be quite expensive.

The idea of giving all people 1 coin is good but how to make sure that people would not be claiming again and again can be so tedious in terms of resources. In case of implementing KYC system, that also can take a lot of time and manpower because those documents have to be verified and software for this work still need some people to make sure it is really working (and this type of software will never be perfect).

Anyway, just want to inform all here that charitable programs with an emphasis on giving people some sort of money will never work in the long run and can even lead to some form of corruption. In the history of developmental work, money alone will not really solve the curses of poverty and deprivation. You can give all people all the money but after some time they will get back to where they started.

However, I salute the idea of helping people.
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August 20, 2017, 12:53:21 PM
 #23

I can see the idea of hashing DNA in futuristic dystopian future

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August 23, 2017, 04:53:34 PM
 #24

why don't you just use phone verification? no one can have the same phone number as yours, am i right?
but i can't understand the purpose of prohibitting users from having more then one wallet! what is that good for?
can you explain please.

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August 24, 2017, 06:16:55 AM
 #25

why don't you just use phone verification? no one can have the same phone number as yours, am i right?
but i can't understand the purpose of prohibitting users from having more then one wallet! what is that good for?
can you explain please.

Google caller id spoofing

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August 24, 2017, 07:31:12 AM
 #26

why don't you just use phone verification? no one can have the same phone number as yours, am i right?
but i can't understand the purpose of prohibitting users from having more then one wallet! what is that good for?
can you explain please.

People can and do have more than 1 phone number. He wants everyone to start with 1 coin, so they can only claim 1 wallet.

How about approaching it from the other direction. It isn't a realistic proposal but it could/should work.
Everyone can collect their coin/wallet, and when they do (they would have to physically collect something) you could mark them or fingerprint them. By mark them I mean a small tattoo or alike.

Then whenever someone collects their wallet, if they are marked, or have already given their fingerprint, they cannot collect another wallet.
People will cheat the system, no matter what you do. Removed tattoos or silicon finger prints or so.  People will also use the old system to corrupt the new, i.e. the poor will sell thir new coin to the rich, meaning that the rich will dominate this new coin too, making distribution unfair.
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August 24, 2017, 12:06:37 PM
 #27

In other to prevent someone from claiming more than 1 wallet. You will need to setup a machine for scanning both thumb, eye and teeth because every individual have a unique thumb, eyes and teeth shape.

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August 25, 2017, 07:40:27 PM
 #28

-It would require a DNA sample and you still may have a few openings in the net, such as identical twins

It would be easier if you were comfortable with a success rate lower than 100%, like say 95%. That extra 5% would be much costlier to get.
As a thought experiment you can create an access gate. Everybody passes through once, and gets handed a wallet.
This is cheaper and faster than taking DNA samples, and better for privacy.

On a practical small scale you can give your new wallets to students entering their university building, passengers entering a plane, or fans entering a stadium.

On a practical large scale you can use facebook. Many people have more than one account, but you can reach a billion real people.
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August 25, 2017, 10:33:09 PM
 #29

It would be interesting to see how it plays out economically.  How some people within this economy would end up with most of the coins ... The 1 percenters.
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August 26, 2017, 06:02:05 AM
 #30

It would be interesting to see how it plays out economically.  How some people within this economy would end up with most of the coins ... The 1 percenters.

This is why this equally distributed money will change nothing.

OK. Let's say we got over this DNA problem and everybody has 1 coin. Now Alice transfers his coin to Bob (because Bob threatened her with a baseball bat for example) . As a result Alice is poor and Bob is the richest guy on earth.

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August 31, 2017, 11:43:09 AM
 #31

I was having a kind of thought experiment...

Let's say that you create a new crypto-currency. Before the creation of the first genesis block you create 25 billion wallets with each 1 coin in it. The purpose of this would be that anyone on earth, could claim his 1 coin at anytime.

My question:

How would you prevent that someone claims more than 1 wallet?


PS: I didn't incorporate more details because this is not necessary for the question at hand.

It would require something unique and universal, like a passport, drivers license or national ID card, it depends on which country the person lives.

Works the same way as KYC on any exchange, poker site, betting site, etc, and it would be quite expensive.

Exactly. It would be more practical to handout coins proportionally to some balance of cryptocurrency a user already has (like it happened with Bitcoin Cash on exchanges)

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September 01, 2017, 01:03:30 PM
 #32

It impossible in general. Only in way u use a passport but in each country its different.

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September 01, 2017, 05:39:32 PM
 #33

It impossible in general. Only in way u use a passport but in each country its different.

The only way is as someone said:

You enter through a gate, you get one coin.

Somehow, it is impossible to re-enter the gate.

One way that comes to mind:

People get onto a spaceship, and fly to Mars.

Every person leaving the ship gets 1 coin.

Ship goes back to Earth to get more people. Rinse and repeat.

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September 03, 2017, 03:19:05 PM
 #34

I also thought about DNA but like many people mentioned it would be very expensive.

Than I thought about a system that could monitor different parameters (IP, IBAN, Computer, Smartphone, location, language...) that would remain secret. When the system would detect that someone is using 2 wallets it would destroy those 2 wallets. Making it counterproductive claiming more than one wallet. But I don't think such system is possible because it would be very complex and it could give many false positives.

The reason for this thought experiment is that I think wealth is not fairly distributed (duh) and a 'universal coin' could maybe reduce this problem (remember this is a thought experiment). Even with bitcoin (please don't be buthurt) people that join later have a big disadvantage and the biggest reasons for this is are: they didn't hear about it or couldn't access it or the price is to high for them. Giving everyone access to this 'universal coin' would partially solve those problems. Maybe with a staking system they could even have a sort of interest (like a saving account).

DNA is not practical. I would use a combination of personal factors like, voice print, eye print, finger print, and tendency measurement like a finger signature on a smart phone.

If that's not enough for you, you can add additional variables around preference, like allowing the user to pick the order of the sign-in process, further complicating the ability of someone else to compromise security. There are other more complex tendency variables that could be built, but you get the idea.
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September 03, 2017, 06:37:17 PM
 #35

I was having a kind of thought experiment...

Let's say that you create a new crypto-currency. Before the creation of the first genesis block you create 25 billion wallets with each 1 coin in it. The purpose of this would be that anyone on earth, could claim his 1 coin at anytime.

My question:

How would you prevent that someone claims more than 1 wallet?


PS: I didn't incorporate more details because this is not necessary for the question at hand.

For this, you first need to make an identification system with decentralized architecture with the blockchain.
And only then to each identifier issue a wallet with 1 coin.

Or use one of the currently being developed - Civic or Humaniq.

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September 07, 2017, 08:59:32 AM
 #36

Beside the DNA which is not practical, you could rely on fingerprint of all 5 fingers of let's right hand, and accept the margin of error(quite low)
You could add bio metric measurements of a person's face, like the ratio between the surface and the distance between the ears e.t.c.
I think this is already done by specialized agencies but I am sure you will not get those algorithms in the open source arena.
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September 13, 2017, 03:53:35 AM
 #37

Well it looks like we are going to be micro-chipped one of these days so it might be easier than you imagine. Your thought sounds like the beginning of a Universal Basic Income.
You forgot to mention what you would do with the remaining 17.5 billion coins?

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September 13, 2017, 09:13:08 AM
 #38

I also think that there is no solution to this problem unless you find something what every person on this planet can only do once.

The question is also what you want to achieve with this. Do you just want to give every person one coin, nevertheless what they already own, or do you want a fair distribution of wealth?

The only possible solution posted so far ist from McKane

People get onto a spaceship, and fly to Mars.

Every person leaving the ship gets 1 coin.

Ship goes back to Earth to get more people. Rinse and repeat.

But I would skip the last point, that the ship goes back to earth to prevent replay attacks.
The spaceship should not be able to return to earth.

Next point: No one who enters the spaceship is allowed to take anything with him what could have value.

Even if there would be a solution to distribute exactly one coin to each person on earth (or mars), this would not change anything as long as there are other currencies and other valuable things owned by the people.
This one coin will not make any difference to the current distribution of wealth, if the old value remains. Hence no one should be allowed to take anything with them to the spaceship. But this is actually also mostly impossible as people are corrupt, can be bribed etc.

Next point: if however we manage to distribute exactly one coin to each person, it would not take long until we have the same situation as now.

And the reason for this is, that all people are different.
Such a system can only work if all people have the same ideals, the same morals, the same knowledge, are not greedy and all want the same things and so on. But this is an illusion.

There are always people who are smarter than other people and gain an advantage over people who are not as smart.
There are always people who want to have more than other people.

Even people who won the lottery but are unable to handle money correctly, will lose it again after some time. There are more than enough examples where this actually happened.


This means, a fairly distributed wealth is not possible for humanity.


I can think of a world completely without money, where somehow everyone can get the things he want ("want" not "need"!).
The only way you can achieve this is by connecting everybody to a virtual world where things you want can be created instantly and harm to other people does not have an effect to them physically.

Let me close this post with a quote:

Quote from: Agent Smith
Did you know that the first Matrix was designed to be a perfect human world? Where none suffered, where everyone would be happy. It was a disaster. No one would accept the program. Entire crops were lost. Some believed we lacked the programming language to describe your perfect world. But I believe that, as a species, human beings define their reality through suffering and misery. The perfect world was a dream that your primitive cerebrum kept trying to wake up from. Which is why the Matrix was redesigned to this: the peak of your civilization.
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September 13, 2017, 10:31:10 AM
 #39

You would have to require a proof of identification for each person to claim a wallet like valid ID's and you must be able to  locally connect them to your system to verify each accounts. You can also take partnerships to known banks to process and control account creation.   

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September 16, 2017, 04:40:51 PM
 #40

Give everyone N coins at birth.  Eventually all those that did not get coins at birth (you and me) will all die off and everyone alive will have been given their N coins at birth.

But, eventually, those that collect coins will be rich and those that spend them will be poor.

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