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January 04, 2014, 09:14:21 AM |
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I decide to make my own currency by printing 10mill notes with a nice logo on them. I build a tank with holes the size of tubes on vacuum-cleaners. I keep 2 mill for myself. Put 8 mill in the tank and seal it. I tell you guys - 100,000 miners - to come get the notes. You buy vacuum-cleaners and start sucking. The stronger ones will probably get more notes than the weaker ones due to their strength. All notes are 'mined'. We all sit back and start buying selling them to each other. Maybe some friends also buy some - with real money. But in the end everyone realize that it will all come to a halt.
As long as you and the rest of the population are not paid in a new currency, and you cannot use them to pay your recurring bills, clothes, shoes, groceries, doctor, insurance etc. etc., it is worth nothing in terms of 'real'
Am I describing it too simple? I just think we should stop and think a bit. Do we want the virtual currencies to be the new share/stock/investment or do we want them to be currencies to all. Or can they be both? But then everyone need equal possibility to get/earn them. Not just clever miners or early investors.
I find it very diffuse right now.
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