Topic: Concept for Cryptocurrency that will naturally replace all and help Communism (Read 132 times)

I'm new to the forum and forums in general, and was just checking the level of people I'm talking to. Wether I'm speaking to brainwashed slaves or concrete, conscious people.

The communism part will be implemented at a later phase of the protocol, and could be something like what social democrats are doing or what you suggest ( X limit for holding coins ). what i was thinking is A progressive transaction commission according to the transaction amount ( the bigger the transaction the bigger the commission ) which will be equally spread between verified wallets. The commission % will have no limit for increase but at the same time will allow the beneficiary get the amount he might wish to seek. Although the beneficiary will have a limit of what he can get from one transaction as total capital is limited. Transactions will be attached to change of ownership of any type of asset registered in the blocknet. This will put a 'natural' maximum limit on a price of anything, thus it will be possible accumulated capital between everyone equally which will create a safe net for everyone's consumption ability which would be by far exceeding their needs although wont satisfy all potential wants (which is still an utopia part for me knowing that it is currently a spread human nature to always want more). However such a system will enable capitalists accumulating above average amount of capital by any commerce, thus leaving a limited capitalism alive within this communism.

Hope I answered your questions, however am waiting to hear more doubts.

Your voting options are confusing. Communism is, well...Communism. It's not rich. It's not utopia. It's not even tolitarianism.

So what is your point on this poll?

If you're reference to "Communism" is the name of a new cryptocurrency you should mention that and give us more context from which to comment and add to the discussion.

Ok, thanks.

Since you are aiming for Communism, how would you stop elites forming which would hold big amounts of the total supply (capital) of the supposed 100 billiards?

If you somehow hardcoded that a wallet cannot sustain more than X amount of coins, then why would there be any demand for this coin?

And the classic problems of cryptocurrencies (being open source while avoiding hard-forking clusterfucks, protecting against 51% attacks and whatnot) still prevail.

Phase 1: Cryptocurrency and Protocol

1. The protocol shell be coded so that all the following phases would be implemented at their time .

2. The coin that shell be created should have a limited emission with no self causing inflation (eg. 100 billiards in total and no more)

3. The coin shell be only sold for other crypto currencies and the buyer shell obtain specificly coded wallet which is accepted by the coins blockchain system.

4. The exchange rate of the coin should be continiously increasing at a constant compound interest rate. This should be realized via coding the coin's multicoin wallet so that it can exchange the coin on other coins at a given rate at a time. Therefore the exchange rate of the coin will be continiously increasing.

5. The exchange rate shell also have the ability to increase itself according to the price of the most expensive alternative coin, no matter the posible following decrease of the rate of an alternative coin. Thus at any conditions on the market the coin will be the most attractive investment.

(All exchange rates could be varified using specific A.I. researching prices on all stock exchange platforms.)

Such an approach requires demand for the sales of the coins to be completed at any time if wished by the owner, how ever the approach itself is expected to cause the demand as it makes the coin a stable profitable investment.

(The following phases related to Communism will be posted later according to the disscussion.)