Topic: Would it be possible to implement a cryptocurrency with distribution of wealth? - page 2. (Read 357 times)

This system cannot work. People would be paid equally even when they are putting in unequal amounts of effort.

Also, people will not use a system that is fair, nobody wants to be equal, everyone wants to be better than everyone else.

Although equality sounds good in theory, nobody really wants to be just average.

You would need to ask yourself, why would people bother working hard if they are not going to get rich from it?

If you get paid in something that isn't going to increase your purchasing power, im not sure about that, since there wouldn't be an incentive to put the hard work.

Also, how do you control the price to guarantee "people don't get rich from it?" you may be able to code the flow of the coins, but not the price itself, speculation can happen specially in unregulated markets like crypto which is the wild wild west.

I think something like what you are talking about was tried in the past with Freicoin.

These coins don't have much of a future IMO. If you are going to work for something that loses purchasing power overtime, you might as well get paid in fiat, at least it's backed big governments which control real estate, taxes, and so on. I understand that you want to stick to the technical discussion tho, so good luck.

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 most people receive free coins if their account is active.

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. If a system like this becomes the main economy of a country is the end of unequality, or can be a good competitor of capitalism, forcing this society to be more equal, multiplying the income of most people thanks to the distribution of wealth.

The "transaction limit" or "free coins amount" balance 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 understand why this could be a good idea because you don't like it and want to attack people with this kind of ideas, please don't comment, I don't want a politics discussion here.

Edit:
I've found a solution to the multiple accounts problem, it's called "Behavioral Biometrics", it can recognize a person by how he/she moves the mouse or touches the phone screen. The problem is that this technology is very new and only few can experiment with it right now.

Edit 2:
"Behavioral Biometrics" is something that can be hacked since the circle of authentication starts and ends in the local computer.