I've been thinking about the following concept for a while. I'm not aware of any ongoing project that is similar enough to my implementation so i'm just going to release the info. There could potentially be a big opportunity to make a lot of money, but at this point i care way more about working towards world peace than personal happiness. The following information is a very basic description of the concept, feel free to do whatever you want with the information.

General description

The ultimate goal of this concept is to allow everyone on earth to claim 1 million tokens, only once. This way everyone on earth will be a millionaire and everyone has enough resources to cover the basic needs. 1 million tokens will represent the value of a luxurious house with all facilities to cover your basic needs (food/water, electricity, transportation device, etc.).

The 1 million coins also include your savings. You can spend them on whatever you want (health care, investments, holidays, trade for services or products, etc.). The savings can be seen as your life long basic income. 1 million tokens won't buy you a yacht, a castle or an airplane though, so if you want those you will still have to work for that. The exact day to day value of a token will be decided by the free market.

Coin issuance (mining)

To issue the coins the identity problem needs to be solved. My idea is to use a new mining algorithm that uses your actual DNA, fingerprints and iris scan data to bring coins into existence. I guess you could call it the "proof of identity" mining algorithm?

Blockchain facilities

The mining process needs to be confirmed in a local "blockchain facility" by all employees to absolutely avoid a person claiming the tokens more than once. This facility is physically secured by the blockchain. Every day a few random people will be selected by the blockchain to serve "blockchain duty." Only those specific people will be able to open the doors of the facility by logging in with their DNA. This job pays extremely well, regardless of the amount of customers during that timeframe.

Practical use

To spend tokens you will need a device that let's you cryptographically sign and broadcast transactions with your thumb. To sign bigger transactions (user definable variable, for example 10,000 tokens), you will need to get your transaction confirmed in a local "blockchain facility". This procedure is an extra measure of security so you can't be threatened into making a large transaction.

Labor market

Another part of the blockchain (or network) will be a decentralized marketplace for labor. On this marketplace you can easily find the doctor, carpenter, plumber, painter, electrician or whatever you need in your area that best suits your needs. You can see the rating and the price to better determine who fits your exact needs. In the beginning all jobs that contribute to building the self sustaining houses (with large garden and own energy source) will be very profitable!

Mesh network

The final piece of the puzzle will be decentralizing the internet through a mesh network, so access to the network can't be shutdown! A great way to make the mesh network fast and reliable is to reward nodes for routed traffic.

Closing arguments

I hope you liked my idea. It's not perfect, but it's a start. I know it's ambitious, but a man can dream, right? :)

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