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RE: Basic Income is a fantasy through socialized theft, it sucks, the end. Or is it?

in #basic-income8 years ago (edited)

For now or in the future, we will always have potential problems from people who don't fit in or do what we expect, or how a better way of living "won't work" because people do X, Y, Z, and apparently we are like stone and are not capable of changing our ways... LMAO. Some people really don't want to look at porposed solutions and find the problems in them to resolve them. They just want to find the problems with that proposed solution, and use them to deny any further development of that solution.

I have an idea that probably won't work. First, we create a bunch of unique one-way hashes that take a tremendous amount of CPU power to generate but are quick to verify as valid. Then we use private keys and sign "transactions" to a massive, multi-gigabyte database that is hosted by thousands of computers all over the world. We use progressively more CPU power to make more transactions and give rewards for this process using more of these hashes.

But it'll never work because it's not backed by anything, it's deflationary, won't prevent double-spends, it'll get shut down by regulation, and the Apple Store won't like it. Nevermind.

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I really enjoyed your article @krrnel. Particularly what @inertia quoted.

By the way, it took me quite a while to figure out what @inertia was talking about. Good one! Haha!

Is it that the Apple Store likes it, or doesn't like it, which makes it unviable? Depends if you like Mac or not... LOL