I'm coming around to believe that the most promising, direct method of implementing equitable wealth redistribution is through cryptocurrency. Probably not just

I'm coming around to believe that the most promising, direct method of implementing equitable wealth redistribution is through cryptocurrency. Probably not just yet, but within the upcoming generations of protocols; the change in philosophy away from a competitive/speculative, gold-like asset is in part foreshadowed by the growing popularity of proof-of-stake. In Nextcoin[0], for example, mining no longer exists. There are a lot of ways to model a currency so that rebalancing of wealth from richer accounts to poorer ones is a smooth, gradual, automatic process. And the software to do it, and the marketing campaign to popularize it, can be put together much more quickly and cheaply than ramming it through the existing political system. All of which isn't to say that the political process is dead; but there is potential for a revision of government's duties, where software can do the job instead of a bureaucracy. [0] http://nextcoin.org/index.php/topic,104.0.html http://nextcoin.org/index.php/topic,104.0.html