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March 16, 2015, 10:49:58 PM |
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putting aside 'interest' and just concentrating on world poverty
until you solve these 2 things: 1. greed of the trust management, meaning the guys that handle the dispersing of funds not to take huge chunks of cash out of the hoard/profit/interest 2. greed of merchants raising their prices because the country is suddenly more wealthy with lots more cash to hand. .. you will always have a bunch of rich guys, vs a bunch of poor people, with a large gap in the middle
in short if you can find a way to ensure that all african births get an entitlement to X coin at set dates of their lives and in a way that no other person can fake identities or intercept the funds before the beneficiary gets a chance. and a way to ensure merchants dont inflate costs of goods/services to try grabbing the new fresh cash in the economy from the newly rich generation of people.
the only way i can see it happening is if a privkey/public key pair is generated directly by their DNA, which the new borns family only disclose the public key to the child birth registration system so that the system knows who to create the transaction to. whereby the dna is needed to sign a tx when its time to spend.
that idea aside. watch the movie "intime" where every human has a built in wallet inbedded in their arm that has been prefilled with 1 years worth of funds, only accessible on their 25th birthday, whereby most transactions are done hand-to-hand with not central system.
its a great idea to try helping the poor, but if most of the money gets syphoned off and centralized... then its an instant failure.
so i hope you have some great non interceptable methods to award funds to people
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