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Ah, so he's counting on the scarcity of the 'external' account balance (eg. Dollars) to keep people from cheating? But if there are dividends to be made which a
by ajcarpy2005 13y ago
Ah, so he's counting on the scarcity of the 'external' account balance (eg. Dollars) to keep people from cheating? But if there are dividends to be made which are proportional to # of Strangecoin accounts, not just the wealth flowing through them, it seems people could cheat that system.
I think some level of verification should happen to limit people from gaming the system.
Or...did he mean there would be a master Strangecoin account that must be verified and sub-accounts could be pseudonymous?
- andrewaylett 13y agoMore, I think, that while you may be able to create yourself a clique of accounts, artificially inflating the number of users, that clique will have no more links to accounts outside the clique than you would have if you only had a single account. Since your basic income depends on your interaction with the rest of the network, not just with your clique, you wouldn't gain any global advantage.
- gus_massa 13y agoWhere is the part that says that “your basic income depends on your interaction with the rest of the network”?