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Author Topic: Would it be possible to implement a cryptocurrency with distribution of wealth?  (Read 21 times)
lepro665
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March 09, 2018, 07:13:53 PM
 #1

I have an incomplete idea with some missing peaces about creating a crypto-currency that distributes wealth, something that communists and socialists will like:
A crypto-currency that has a transaction limit per month, if you are receiving more coins than this limit then you will receive less and less coins in each transaction received, the coins that are taken are distributed equally to the other wallets, so they receive free coins when a transaction is received.

A currency like this could be used to create a community where you sell your service or product to other people on the community and use the coins to buy stuff from people inside the community, you cannot become rich with it, but you will receive free coins.

The "transaction limit" / "free coins amount" can be higher or lower depending on the ideology of the creator, the idea is to enable people to chose what kind of economic system they want to work for, instead of being forced to work only for a capitalist economy like we do.

I need help to finish the idea by addressing some of the problems with it, for example, right now I don't know how to solve the problem of a user making multiple wallets to bypass the limitation. Surely this can be solved re thinking the idea a little bit, maybe in a more technical way, I have not very much technical knowledge and I want the idea to be discussed so others more capable can make it.

If you don't like the idea and want to attack people with this kind of ideas, please don't comment, I don't want a left-right politics discussion here.
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March 09, 2018, 08:50:36 PM
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Just think about one thing:

Why would someone sell USD or BTC to buy this coin? It's a loss-loss game for the hodler of the coin.

Unless you can confiscate people' money in exchange for this coin, i don't see why anyone would be interested in this.

Edit:
In 1990 we had a President in Brazil who had an idea quite similar to yours.
He confiscated every money from every individual in the country (bonds, savings, cd, everything) and gave everyone in the country X "cruzeiros'(the name of our currency in the time). He decided to give back people' money in small amounts for a period of time...

Economy just collapse and he was removed from presidency few months later.

Thank god now I have bitcoin. I am protected from those crazy guys with huge amounts of power.

http://articles.chicagotribune.com/1990-03-25/business/9001240707_1_president-fernando-collor-central-bank-hyperinflation
"A day after taking office March 15, Collor withdrew 70 percent of the country`s currency from circulation-an amount equal to $115 billion-and stashed it in the Central Bank, pledging to leave it there for 18 months until the economy cools off."

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