mfioretti: cryptocurrency*

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  1. Nobody has created the cryptocurrency we actually need just yet.

    You see, Satoshi understood the first part of the maxim, the power to print money. What he missed was the power to distribute that money.

    The second part is actually the most crucial part of the puzzle. Missing it created a critical flaw in the Bitcoin ecosystem. Instead of distributing the money far and wide, it traded central bankers for an un-elected group of miners.

    These miners play havoc with the system, holding back much needed software upgrades like SegWit for years and threatening pointless hard forks in order to drive down the price with FUD and scoop up more coins at a depressed price.

    But what if there was a different way?

    What if you could design a system that would completely alter the economic landscape of the world forever?

    The key is how you distribute the money at the moment of creation.

    And the first group to recognize this opportunity and put it into action will change the world.


    The problem with all of the plans before now, from UBI to socialism (high taxes on the rich to spread the wealth across the game) is that to redistribute the money after it’s already been distributed is nearly impossible. The people with that money rightfully resist its redistribution. And as Margret Thatcher said “The trouble with Socialism is that eventually you run out of other people’s money.”

    But what if the money is NOT already distributed?

    What if we don’t have to take it from anyone at all?
    https://hackernoon.com/why-everyone-m...eature-of-cryptocurrency-860c3f25f1fb
    Voting 0

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