I hope we will see some innovation away from the "traditional" PoW.
![shake zula the mic rula shake zula the mic rula](https://img-lb.fireden.net/co/thumb/1485/20/1485209401436s.jpg)
I know it's at the very extreme of socialism, but you have to admit the current distribution method where people with the most GPU power get the most wealth is kind of a big problem. If a speculator buys people's coins for 1$ than that's a good thing, they all got a dollar! They are humans too you knowīut indeed, it's not possible to uniquely identify everyone and "give" them a coin. Just like real life socialism (I lived in a socialist country for a short time).Įveryone would get one coin, also the North Koreans. Noble socialist idea, all warm and fuzzy, seem great at first, but when you employ logic and rationality always reveal their stupidity. In a poor country, $1 is a lot, so they would be more than happy to sell an abstract, "virtual" asset for something concrete like a loaf of bread. Will every Nigerian or citizen of Ghana get 1 coin, most of them don't even have access to computers?Īnd what will be it tied to? ID card? DNA? Fingerprint? How will you verify that?Īnd even if it were possible, a speculator who knows about cryptos would just buy milions of these who would be more than willing to sell it for $1. Will every North Korean get one coin? Well, they will be ordered by the North Korean government to hand all their coins to Kim Jong Un, if the coin ever becomes valuable. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work? I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution.
![shake zula the mic rula shake zula the mic rula](https://styles.redditmedia.com/t5_3rttv4/styles/profileIcon_snoo2a9aae50-8449-4186-b316-0dd4dfeda3e6-headshot.png)
![shake zula the mic rula shake zula the mic rula](https://pbs.twimg.com/media/ES2QyTPXYAAb7HM.jpg)
Too bad he's taking a good name and not using it for something worthwhile.