New Possibilities with Virtual Currency

January 18, 2018 Leave a comment

Simple idea: What if it was possible to combine “voting” with the distribution of virtual currency? I’ve been working on this concept for a while and am giving it the temporary name “The Collective Human Intent” … or CHI.

It’s a tiny economic safe haven with these features:

  • Fairness: It’s possible to level-set wealth distribution by proposing that “each person can acquire a maximum number of CHI -US dollars per year”. No currency or asset today acts like that. If we cap per-person consumption to $250,000 we’ve prevented unjust influence by the wealthy.
  • Groundbreaking Economic Policy tools could be invented, and then encoded as generic rules, which is not unlike what you use in Microsoft Outlook (for a GUI analogy)

I think this creates a virtual economic safe haven that not only helps people to play fair, but also pays justice to those who got us where we are today. CHI is a virtual world with virtual land.

 I think it’s a good idea to think about new ways of using commerce as an act of forgiveness and cooperation.

(I think I forgot to mention is that velocity of money for CHI is directly comparable to the groundswell of values on those topics. Voting takes care of this, the priority and fair allocation. In this case, retributions would be an economic item that would be voted upon, and enacted as a rule. Please forgive my technical oversimplification )

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