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user-inactivated · 3569 days ago · link · · parent · post: SocialCoin: A Cryptocurrency for a Global Basic Income
Interesting idea, but I don't think that would work. Every time they redistribute the 10%, the trade rate will just go down. Since everyone is getting a share of the 10%, even the rich are getting a share. On top of that, making those organizations to verify identities would be costly, and it has no funding source.