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> Again, how should the initial units be distributed fairly? Same amount for everybody. One weekly/monthly payment for everybody. Like basic income. I am just

• VMG 11y ago
  That requires a central registry match cryptographic identities with physical ones. That is overhead and a trusted third party. An idea like this was also often brought up in spam prevention, which interestingly is also the origin of proof-of-work: https://en.wikipedia.org/wiki/Hashcash https://en.wikipedia.org/wiki/Hashcash