Concerned Citizen posted:

I'm going to be the devil's advocate here a little bit, so bear with me.

The fundamental idea expressed here will not work because there's no way to ensure a Strangecoin account user is unique. This is essentially an unsolvable problem. However, this isn't a totally dumb idea (even if Eripsa's explanation is typical Eripsa). I really like the concept of using cryptocurrency in an entirely new fashion that distinguishes itself from ordinary currency by providing different incentives on behavior. By changing the way new currency is created, you could make an entirely new type of economy. For example, if Strangecoin actually worked, it would basically end cash savings. You'd flatten income inequality. Guaranteed income would be built into the currency itself, funded by creating new coins with the poor instead of straight to banks. Even if this particular example isn't workable, I'd like to see people smarter than me play around with variants of the broader concept.