Can crypto end world hunger and solve the 1% problem?

[onebaht]

I will try to post this here because I got banned on Reddit.

 

I keep thinking of something that I would like crypto experts to tell me is impossible.

Let's say the 99% create a crypto exchange called World Exchange.

Now we divide the coins between us, first by country then by citizen.

So X country gets X coins then citizens get Y coins so everyone has coins.

Each country has it's own coins eg AmericaCoin, JapanCoin, HungaryCoin.

Each transaction is charged 30% at World Exchange, which then distrobutes money into everyone in that country equally every 24 hours.

So everyone would start with coins, and poorest would get new coins every day so they could afford basics.

But hard workers could still earn more.

So basically a system where the poor have enough to survive okay, but the motivated still have a way to become rich.

We could theoretically lock governments and 1% out of this until they comply, so we could just trade between ourselves and lock them out.

From 1% then have to give X percent of net worth abouve a certain amount to buy into system or they can sit out twiddling their thumbs.

I guess governments could be slimlined with less overall control.

I don't see any reason why people would go hungry, why they would steal when they don't need to, or why they could commit crime if they knew the way out was working hard, not breaking law.

Would that not work perfectly?

I'm talking down to the main exchange using AI to change currency exchange rates based on how well or poorly a country is doing, how much people want to go or stay away.

It's basically a closed system that would almost run itself, financially speaking.

Imagine governments that didn't need to worry about creating money out of thin air.

Cheers for reading.

[Sparktrader]

The police would shut it down. The politicians control the police.

 

 

[eisfeld]

Judging by prior posts and this one you might want to reconsider your drug usage. You'd see immediately that this can't work for a plethora of reasons starting with the impossibility of just distributing coins amongst people fairly without governments. You are essentially talking about Universal Basic Income but in a more complicated and impossible to implement way.

[onebaht]

52 minutes ago, Sparktrader said:

The police would shut it down. The politicians control the police.

 

 

But technically, could it work?

 

Because then we have much bigger problems than the police shutting something down.

 

It would be an aknowledgement that everyone is slaves under control of the world financial industry who control governments.

 

So if it's theoretically possible to end world hunger, let's expose the world for not wanting to help people.

[onebaht]

50 minutes ago, eisfeld said:

Judging by prior posts and this one you might want to reconsider your drug usage. You'd see immediately that this can't work for a plethora of reasons starting with the impossibility of just distributing coins amongst people fairly without governments. You are essentially talking about Universal Basic Income but in a more complicated and impossible to implement way.

I already know how to distribute the coins fairly, but thanks for being an EVNEG on the world.

 

We need 49% of you.

[OneMoreFarang]

NO

[DrJack54]

Ridiculous 

[Sparktrader]

8 minutes ago, onebaht said:

I already know how to distribute the coins fairly, but thanks for being an EVNEG on the world.

 

We need 49% of you.

Give me 99%

[swerve]

This idea is pie in the sky.  

[Sparktrader]

6 minutes ago, swerve said:

This idea is pie in the sky.  

No borders no politicians

Ask John

[Dan O]

short answer is no and the longer answer is this is one of the most nonsensical post in a while. there are so many reasons it wouldn't and couldn't work it not worth the time or trouble to explain them since you seem to no little to nothing about how economies or governments operate.

 

[onebaht]

25 minutes ago, Dan O said:

short answer is no and the longer answer is this is one of the most nonsensical post in a while. there are so many reasons it wouldn't and couldn't work it not worth the time or trouble to explain them since you seem to no little to nothing about how economies or governments operate.

 

haha ok, well i guess you don't need to explain then.

 

*Don O wipes sweat from forehead*

[eisfeld]

1 hour ago, onebaht said:

I already know how to distribute the coins fairly, but thanks for being an EVNEG on the world.

 

We need 49% of you.

Please explain how to do the fair distribution, that would be an amazing breakthrough and solve many problems thousands of extremely smart people haven't figured out yet.

 

No idea what an EVNEG is.

[onebaht]

9 minutes ago, eisfeld said:

Please explain how to do the fair distribution, that would be an amazing breakthrough and solve many problems thousands of extremely smart people haven't figured out yet.

 

No idea what an EVNEG is.

On a country level, you could just replace current wealth for % of coins in X country.

 

Give everyone a equal share of coins (let's say 10,000) and you have to exchange your current wealth for rest with everyone else.

 

Houses, land, paintings, cars, and everything else would fall into line.

 

First couple of people would need to decide what their coins are worth in exchange for other things (maybe governments can help) then it would balance out after a period of time.

 

Hardest thing would be deciding which countries get which percentage (land mass as % of world, current population as % of world, GDP etc)

 

But get teams from each country and you can think of something, negotiate for things.

 

I understand it's not perfect, but a start is better than nothing.

 

It's better than saying we won't try to end world hunger and debt because it's really really hard to distribute everything.

 

Also debt could be wiped off immediately because it doesn't exist anyway.

 

Imagine how good people and countries would feel after a few bumpy years.

[BangkokReady]

Why not just kill all the rich people and redistribute their wealth?  Then put the people in charge?

[Dan O]

52 minutes ago, onebaht said:

haha ok, well i guess you don't need to explain then.

 

*Don O wipes sweat from forehead*

No sweat from me. Even if explain it based on the initial OP negates your ability to grasp the concepts of currencies or world govt interaction 

[onebaht]

3 minutes ago, Dan O said:

No sweat from me. Even if explain it based on the initial OP negates your ability to grasp the concepts of currencies or world govt interaction 

You sure do post a lot about how much you're not going to post.

[onebaht]

9 minutes ago, BangkokReady said:

Why not just kill all the rich people and redistribute their wealth?  Then put the people in charge?

Or we could just tell Putin to press the button so we can spread the money between a surviving few.

[tomazbodner]

This idea doesn't take into consideration that you need a sizeable electric grid to drive all those number crunching machines. Currently bitcoin mining uses more electricity than many countries in total. To move 99% of population on your crypto, you'd need 100s of nuclear or thousands of gas/coal/hydro/etc. powerplants. I guess there is an interest from 99% of the poorest to invest trillions of dollars (in real money, not crypto) to build the power plants? That other 1% can shut down any attempt at doing that. Unless you have a trillion in your pocket. With that you can probably end global hunger by yourself.

[Dan O]

3 minutes ago, onebaht said:

You sure do post a lot about how much you're not going to post.

Nope just responding to your comments to me. Don't want a reply then don't post    pretty simple concept 

[onebaht]

4 minutes ago, Dan O said:

Nope just responding to your comments to me. Don't want a reply then don't post    pretty simple concept 

In theory, not posting wouldn't stop you from replying.

 

Like I could stop posting now, but I couldn't stop you from replying, right?

[onebaht]

8 minutes ago, tomazbodner said:

This idea doesn't take into consideration that you need a sizeable electric grid to drive all those number crunching machines. Currently bitcoin mining uses more electricity than many countries in total. To move 99% of population on your crypto, you'd need 100s of nuclear or thousands of gas/coal/hydro/etc. powerplants. I guess there is an interest from 99% of the poorest to invest trillions of dollars (in real money, not crypto) to build the power plants? That other 1% can shut down any attempt at doing that. Unless you have a trillion in your pocket. With that you can probably end global hunger by yourself.

Okay that's first great point I've heard.

 

Maybe quantum processing will help with things in a few years.

[Dan O]

7 minutes ago, onebaht said:

In theory, not posting wouldn't stop you from replying.

 

Like I could stop posting now, but I couldn't stop you from replying, right?

 You post a comment to me but expect me to not reply.  Don't post to me and I wont reply to you. It's not rocket science  

[onebaht]

I think Dan O is hinting at mining Helium-3 from the moon to create enough energy for the crypto.

 

Great shout on the rocket science, Dan.

[Myran]

Mate, just stop. You're not bringing anything new to the table. You've taken the concept Universal Basic Income, changed "fiat currency" to "crypto currency", and are now claiming you've "thought of something". You haven't.

[FritsSikkink]

2 hours ago, onebaht said:

On a country level, you could just replace current wealth for % of coins in X country.

 

Give everyone a equal share of coins (let's say 10,000) and you have to exchange your current wealth for rest with everyone else.

 

Houses, land, paintings, cars, and everything else would fall into line.

 

First couple of people would need to decide what their coins are worth in exchange for other things (maybe governments can help) then it would balance out after a period of time.

 

Hardest thing would be deciding which countries get which percentage (land mass as % of world, current population as % of world, GDP etc)

 

But get teams from each country and you can think of something, negotiate for things.

 

I understand it's not perfect, but a start is better than nothing.

 

It's better than saying we won't try to end world hunger and debt because it's really really hard to distribute everything.

 

Also debt could be wiped off immediately because it doesn't exist anyway.

 

Imagine how good people and countries would feel after a few bumpy years.

Give me a good reason why i should share my wealth with you.

Any idea how long it would take to assess 8 billion people's financial status? 

[ukrules]

6 hours ago, onebaht said:

But technically, could it work?

Communism never works.

[eisfeld]

4 hours ago, onebaht said:

Give everyone a equal share of coins (let's say 10,000)

You didn't explain how to do that.

 

4 hours ago, tomazbodner said:

This idea doesn't take into consideration that you need a sizeable electric grid to drive all those number crunching machines. Currently bitcoin mining uses more electricity than many countries in total. To move 99% of population on your crypto, you'd need 100s of nuclear or thousands of gas/coal/hydro/etc. powerplants. I guess there is an interest from 99% of the poorest to invest trillions of dollars (in real money, not crypto) to build the power plants? That other 1% can shut down any attempt at doing that. Unless you have a trillion in your pocket. With that you can probably end global hunger by yourself.

We are long past the POW blockchain requirement of gobbling up electricity. We can run crypto with virtually zero electricity usage. Biggest one being the Ethereum chain now.

[1FinickyOne]

It has already been tried... pet rocks. 

 

A friend of mine tried selling air guitars... 

[Dan O]

11 hours ago, onebaht said:

I think Dan O is hinting at mining Helium-3 from the moon to create enough energy for the crypto.

 

Great shout on the rocket science, Dan.

Your lack of spatial thinking is quite evident and you seem to need to rebut replies you solicit just to try to redeem yourself. You don't want me to reply to your comments directed to me then stop writing them     is that simple enough for you to grasp