MrCoconut OP wrote
Reply to comment by johnbaconator in The technology is mature to form the first truly digital nation. by MrCoconut
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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