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