Strangecoin: a proposal for a nonlinear currency
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Strangecoin: a proposal for a nonlinear currency
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Re: Strangecoin: a proposal for a nonlinear currency
#2[deleted]
Re: Strangecoin: a proposal for a nonlinear currency
#3Strangecoin transactions can be nonzero sum. A Strangecoin transaction might result in both parties having more Strangecoin.
Strangecoin transactions can be one-sided and can be conducted entirely by only one party to the transaction.
If I'm reading that correctly, could I give myself infinite StrangeCoin?
Re: Strangecoin: a proposal for a nonlinear currency
#4[deleted]
[deleted]
Re: Strangecoin: a proposal for a nonlinear currency
#5Strangecoin transactions can be nonzero sum. A Strangecoin transaction might result in both parties having more Strangecoin. Strangecoin transactions can be one-sided and can be conducted entirely by only one party to the transaction. If I'm reading that correctly, could I give myself infinite StrangeCoin?
Users cannot engage in transactions with themselves. Updated the doc to reflect this.
Re: Strangecoin: a proposal for a nonlinear currency
#6Strangecoin transactions can be nonzero sum. A Strangecoin transaction might result in both parties having more Strangecoin. Strangecoin transactions can be one-sided and can be conducted entirely by only one party to the transaction. If I'm reading that correctly, could I give myself infinite StrangeCoin?
Users cannot engage in transactions with themselves. Updated the doc to reflect this.
How would one enforce this?
(Answer, you cannot. So this is not a valid solution to this problem.)
Re: Strangecoin: a proposal for a nonlinear currency
#7Strangecoin transactions can be nonzero sum. A Strangecoin transaction might result in both parties having more Strangecoin. Strangecoin transactions can be one-sided and can be conducted entirely by only one party to the transaction. If I'm reading that correctly, could I give myself infinite StrangeCoin?
Users cannot engage in transactions with themselves. Updated the doc to reflect this.
What would you do if I created another address?
Re: Strangecoin: a proposal for a nonlinear currency
#8Earlier quoted context omitted.
Users cannot engage in transactions with themselves. Updated the doc to reflect this.
What would you do if I created another address?
This was immediately what I thought of. It would take a very short amount of time for a client to show up which automatically manages and balances your accounts.
Re: Strangecoin: a proposal for a nonlinear currency
#9'Basic income' which is not coupled to any expenditure (e.g. by mining) will have a tragedy of the commons problem in a pseudonymous system.
In a pseudonymous system, I can make as many addresses / accounts as I like (since a pseudonym is, by definition, not tied to any real identity).
Therefore, to maximise income, someone can create duplicate addresses, causing the basic income to be distributed according to the number of addresses a person has.
Re: Strangecoin: a proposal for a nonlinear currency
#10Strangecoin transactions can be nonzero sum. A Strangecoin transaction might result in both parties having more Strangecoin. Strangecoin transactions can be one-sided and can be conducted entirely by only one party to the transaction. If I'm reading that correctly, could I give myself infinite StrangeCoin?
> If I'm reading that correctly, could I give myself infinite StrangeCoin?
I don't think it will work with just a single strangecoin, but instead have one strangecoin per user (or more, but at least one strangecoin asset type per user on the network). Then when you issue new shares you're only inflating the supply or your reputation, which might cause a market reaction. Mind you that I am not saying the reaction would be a good or bad thing.