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While this is a valid objection to the design as stated, there are solutions. For instance, the insight behind Bitcoin is that instead of the one-IP-one-vote po
by witten 13y ago
While this is a valid objection to the design as stated, there are solutions. For instance, the insight behind Bitcoin is that instead of the one-IP-one-vote policies of previous distributed protocols and the sock-puppeting that ensues, proof of work means that it's one-CPU-one-vote. And schemes like proof of stake go even further so it's one-coin-one-vote.
- vbuterin 13y agoBitcoin already has a basic income distributed via one-CPU-one-vote: it's called a mining reward. And if you distribute a basic income via one-coin-one-vote it's called an interest rate. The whole point of BI is to be per-person.