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Author Topic: Would it be possible to implement a cryptocurrency with distribution of wealth?  (Read 290 times)
Kakmakr
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April 05, 2018, 06:42:45 AM
 #21

Your best bet will to create a coin like Ripple. The government pre-mine all the coins and they give out addresses to everyone. Every month they distribute a small amount of coins for free to every person that registered with their Alt coin. <ComCoin>

Ripple pre-mined billions of tokens and gave it away for free to their founders, but ComCoin will distribute it evenly between all citizens or members of the global communist party.

Russia and China will love this coin, because it gives them full transparency and control.  Roll Eyes

Your comment is the kind of stuff I wanted to read here. Ripple or Freicoin (like other users said), can't be compared with my idea, distributing to new users or distributing to miners is not the same than distributing to all active users, these are totally different use cases.

I see that nobody here knows how a socialist or communist person is, you guys never talked to one I notice that, that is why you say nobody will be motivated by the currency, not all people in the world is motivated by the money like you guys, for example think about almost any scientist or a lot of students, they don't learn and do science for the money, they do it because they like knowledge, and that is just a quick example.

I'm a poor guy from a 3rd world country, try to imagine how hard is to be a poor worker and keep motivation, so I'm already unmotivated, specially in this world where 1% of the population owns more money than the rest of the population together, they own the money that intelligent people needs to improve the world, I see all the time very intelligent artists and scientists that don't have the money to do stuff that would benefit the world, only a few can get money from the state or a company, You never lacked money for what you needed and that made you live in a fishbowl, never talking with poor workers.

There is nothing more useful for a lot of people than an idea like this working, and not all the people will like it and that's OK.

It is not that they do not know how socialist or communist systems work. They just know more about Capitalism and they know this will not work, when nobody is buying these coins. Crypto currency gets value when people compete to buy it on a open market. In a Socialist system, the government will have to determine the value and then give these coins to people for free.

There must be a total mind shift when you are dealing with a socialist system. The government controls the economy and the money and they dish it out equally to everyone. This is not what I want for Crypto currencies. ^sad^

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Kogs
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April 05, 2018, 08:19:38 AM
 #22

If you don't understand why this could be a good idea because you don't like it and want to attack people with this kind of ideas, please don't comment, I don't want a politics discussion here.

I understand what you want to achieve and why but I don't think your idea will solve this problem.

Even if you find a perfect technical solution to your problem (what is not possible because of several reasons) you will not solve the social issues with this idea.
There is a difference to do things right and to do the right things.

To create a fair distributed currency to solve unfair distributed wealth is not the right thing to solve this.

Here are my thoughts to your idea:

  • Your wording is incorrect. Distributing wealth is not what you achieve with your idea.
    When you introduce a fair distributed crypto currency, only this currency is fairly distributed at the beginning. But you forget, that wealth is more than this new money.
    There are goods/properties/other currencies and so on owned by people. Your new fair distributed currency will not change anything about this. Rich people stay rich, poor people stay poor
  • Unless you forbid at the same time any other form of money or store of value the people will just exchange their coins to anything else before their upper transaction limit is reached. This would (if not already existing) create a parallel currency which don't have this artificial limits.
  • The current average mindset of humans will not allow such a system. A person who do more or more valuable work (in their thinking) usually also want to benefit more than someone who do less or less valuable work. In their thinking you just want to steal their well earned money. It's just unfair for them. So why should they participate?
  • And if you think that no one would exploit such a system, you are very naive

Until the mindset of humanity don't change, such a system like communism will not work.
And if the unrealistic case happens, that everybody become a saint who's destiny is to do whatever necessary to help society, we would not need any form of money at all.

Sorry for pointing out those non technical issues, but it make no sense to create a solution which would not solve the problem.

It's like if you want to fly to the moon and build a car for this.
Even if the car is technically the best what can be done, it just does not fit to your problem flying to the moon.

The same is that a new fair distributed currency never solve an unfair distributed wealth.
lepro665
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April 05, 2018, 10:27:59 PM
Last edit: April 05, 2018, 11:24:56 PM by lepro665
 #23

Thanks for you reply, nice points. I can answer them:

Quote
  • The people will just exchange their coins to anything else before their upper transaction limit is reached. This would (if not already existing) create a parallel currency which don't have this artificial limits.

The short answer is that this is a currency for the workers.
The limit in my currency is not in the amount of coins you can accumulate, is in the ammount of coins you can spend or receive (the distribution gets executed on transactions), accumulating wealth inside or outside my currency would be useless, because you cannot spend big amounts of money since you have the transaction limits.
Yes, the rich people of the world will still be rich... at the beginning... but if the workers are using this system more and more, in the end it would not make sense to be rich, the workers would not work for the rich because they would use my currency, the rich's money would have no value anymore.
The workers will want to use this currency because the reward for working will be better. Nowadays 1% of the population have more money than the other 99% together, distribute only that money from the 1% and all the workers will double what they earn, that is just an example.

Quote
  • The current average mindset of humans will not allow such a system. A person who do more or more valuable work (in their thinking) usually also want to benefit more than someone who do less or less valuable work. In their thinking you just want to steal their well earned money. It's just unfair for them. So why should they participate?

As I said before this is not a matter of mindset, workers will get more reward if the wealth is distributed, just wanting more reward it's a motivation to use it. Also only half of the people have that mindset you mentioned, the other half doesn't and they probably are the ones that will push it at the beginning.
About the mindset: If you work 8 hours and get the same money than someone who works 4 hours, then work 4 hours and spend the other 4 having fun, not all in life is working and getting reward, also it is very common that recreational activities produce wealth (true wealth, "work products"), also a lot of people gets fun creating knowledge and that creates true wealth.

Quote
  • And if you think that no one would exploit such a system, you are very naive

Very powerful people will try to exploit or destroy a system like this, that is the interesting thing about crypto currencies, there is no way to hack them, if the right software developers evolves this idea and becomes as distributed and invulnerable as any other crypto-currency, then it can be made into a reality.
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April 06, 2018, 02:23:48 PM
 #24

I think it should be possible, it'll also help save our money
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