Printing Coins out of thin air to pay people living wages?
Building a new Blockchain to help attract large numbers of users and businesses from all over the world.
It is Virtual Nation on ethereum-like blockchain. This blockchain will try to achieve low centralization by the use of automation, smart contract and similar service. It Could end up becoming the most decentralized platform after Bitcoin if things are done right.
Paying people extra Income
The idea is to supplement users income with native coins printed out of thin air.
Users who receive their salaries and wages in the native coins will be given additional coins for free. ... an additional increase of about by 50—300% . Example: Sarah receives $20 worth cryptocurrency for doing a bounty job, she gets additional $60 worth of coins. The smaller the users wages, the more free coins they get. Users who earn more than 15,000 monthly won't qualify for the supplementary income. The income will be only paid in stablecoin.
"Real world" or non-blockchain workers could ask their employers to only pay them in our cryptocurrency or stablecoin in order to be part of the supplementary income
The supplementary income cannot be withdrawn.
The free coins cannot be withdrawn or converted to cash. it can only be used within the Blockchain economy to pay for goods and services. And the coin must be converted to the platform cryptocurrency before it can be used for payment of goods and services.
The supplementary income will be paid in the platform stablecoin while the main income will be paid in either the platform cryptocurrency or stablecoin.
The supplementary payment is calculated and paid automatically with no central leadership. Everything will be done in a very transparent manner. It cannot be centrally control. Big changes have to be done democratically or through consensus.
We will use a foolproof way for users identification without violating their privacy. This will help prevent abuse of the system. People with special equipments to carry out the identify verification and be rewarded with stablecoins or crypto. via a new Consensus algorithm called --PoI(Proof of Identity)?
The benefits of this method:
1. People from every part of the world will want to be paid in the blockchain coins.
2. Many important businesses/companies will find the blockchain attractive due to the possibility of strong demand for goods & services and a strong spending culture .
3. Businesses on the blockchain will be taxed. The taxes will greatly help the blockchain economy.
4. The idea behind limited withdrawal is to reduce coin dumping, increase scarcity, stimulate demand especially within the Blockchain, and prevent the coins from causing inflation in real world.
I would like to know the opinion of people knowledgeable in money and economy.
