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RE: Hypothetical Price Stable Crypto Currency with Basic Income
granted exactly 1 BIT when they sign up and it will be revoked when they die (or become inactive)
as i understand peopel would have to move the tokens at least once a year or they become "dead" ?
lots of details missing from the proposal, but some kind of "proof of life" would be required to continue claiming your dividend.
I like that concept. It should prevent from those with large amounts from doing nothing and keeping the usage stable.
i read somewhere/spoke to somebody (cant remember) but the topic was - if in BTC the unused coins would die/go back into pool, we could estimate the real price of BTC better.
currently we do not know how many of the coins are lost/gone so the pricing might be too low due to this missing estimate
the estimate can be calculated by counting coins that have not moved in 3 years, and assume they will never move, and to make the estimate even better, the main developers can lie and tell everyone that coins not moved in three years will be destroyed in 6 months, and after 6 months.. they can say "sike, just kidding".. just to get a good estimate of how many coins are dead