Posted by MrCoconut in Politics

I have been thinking that we are at a time when a truly digital nation with a decentralized and inherently anonymous governance can be formed. Imagine a system for which every human individual a certain amount of digital coins can be put into circulation. So the money is backed by each of the members that constitute this digital nation. If we as a community are valuable the coin backed by us will be too.

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johnbaconator wrote

interesting thoughts but we already have things like i2p and tor. the only reason why bitcoin and other blockchain based currencies exist is because we apply value to them and therefore are able to pay for things with them. most of what you describe is already happening

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MrCoconut OP wrote

I think that all cryptocurrencies lack the underlying asset to back their value, I am not saying they are worthless because the ability to make almost anonymous transactions has some value. Nevertheless I could not care less about cryptocurrencies, I care about the tools that these systems offers us, because what I am proposing is not replacing money it is replacing the government. What is needed to entice people to use this future system is security and fairness. To that end the system should have some immutable code at the center (this part would not be negotiable any change will ban the user of making any transaction within the community). Also and for me very important to the success is that this core code should include a basic income for all those registered as citizens, this compensation will be covered by the only possible tax the system will be able to make, which will be from a percentage of each transaction. Also important to avoid conflicts of interests receiving a basic will exclude you from the electoral pool. Anyway the thing is simple at the core but maybe is way too complicated to explain in this post.

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