DNA Crypto Currency
.Lets create global currency based on DNA code of every person in existence.
Not all the code , just a part easy to decode but unique.
Every person could receive 1 coin , or even coins at increments in life.
This way global amount in circulation will be related to population of all humans in existence.
To create instantly we could release 8 bln coins filled will blanks , then replaced with real sequences of scanned people.
Additionally the system create unique Global ID system based on individual DNA code.
Unlike any other system can not be counterfeited or artificially inflated.
Then complete system consist of two parts:
1. Complete database of all people / humans on planet
2.Global Currency that is different to fiat national currencies.
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Select to expand quoteFormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
Select to expand quoteFormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
ok one problem resolved.
Twins, clones
Each individual Global ID code consist beside part of DNA code birth space time data.
Time of the birth and location at Solar System ( geo location at first will good enough)
Curious as to how you pay? Hand the shop girl a fingernail or little sample of dead skin cells perhaps.
If its the Govt charging you, just bleed you out....?
worldcoin is basically what you are describing. sign up and let me know how it goes...
www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/
Select to expand quoteMark _australia said..
Curious as to how you pay? Hand the shop girl a fingernail or little sample of dead skin cells perhaps.
If its the Govt charging you, just bleed you out....?
That is a beauty of the system.
That your identity can be always verified somehow and you could not cheat
the other way that replacing all genome code inside all you body.
Theoretically can be done by designed viral infection, but that is a distant future I hope.
Select to expand quoteCH3MTR4IL5 said..
worldcoin is basically what you are describing. sign up and let me know how it goes...
www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/
Good ,.
Then there is one voice of mine calling for right direction.
The point is that the more such voices with proposal how the system may work,
ironing technique glitches,
the better.My proposal come a bit further in standard biometrics by employing human genome of individual not just
fingerprint of face recognition.
There is concept and one day may replace our fraudulent fiat currency.
In existing system of fiat currency there is
minority that live beyond their means
at the cost of the majority treated as slaves.Those slaves actually provided all means to support life of well known minority
that created debt to the whole world estimated now at $150 trillion dollars.
My DNA currency may the the way to eliminate this scam, unless obviously
somebody invent a system to exploit this again for the benefif of few, at the cost of the rest.
Select to expand quoteMark _australia said..
Curious as to how you pay? Hand the shop girl a fingernail or little sample of dead skin cells perhaps.
If its the Govt charging you, just bleed you out....?
Who cares how you pay? It's how you mine it that counts. Can that be done in a gender neutral way?
Select to expand quoteMacroscien said..FormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
But what is the problem you are solving?
People that go on about the evil of normal money being printed, don't understand economics. The government generally want your money to lose value, slowly. If there were no inflation people would be more keen to keep the money stored away and not spend it in the economy.
If you are worried about the government taking value from you, they can do it in plenty of other ways with taxes or charges or fees or fines. A new currency would not solve that.
As an example, the government could give everyone 100% pay rises. Everyone now earns twice as much and the price of goods and services has suddenly gone up, which effectively devalues your currency without even touching it.
The rest of the world often sets the value of a currency through exchange rates. If they think it is overvalued or there is too much supply, the price for that currency drops relative to others.
Then you are talking about each human being unique. So what? The only thing that keeps Bitcoin useful is that there is a redundant log of who has what and who gave it to them. You could do the same with anything as long as it had a unique number and you could just as easily print it or embed it in the currency.
Again, what is the problem you are solving? From what I can see, all bitcoin provides is a speculative currency and an easier way for fraudsters to extort money from other people.
'Crypto' is based on one-way cryptographic functions. This is just to provide a way to let people create a bitcoin by running calculations to find new unallocated ones. The rest is just record keeping. Your idea is not 'crypto'.
Select to expand quoteFormulaNova said..Macroscien said..FormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
But what is the problem you are solving?
People that go on about the evil of normal money being printed, don't understand economics. The government generally want your money to lose value, slowly. If there were no inflation people would be more keen to keep the money stored away and not spend it in the economy.
If you are worried about the government taking value from you, they can do it in plenty of other ways with taxes or charges or fees or fines. A new currency would not solve that.
As an example, the government could give everyone 100% pay rises. Everyone now earns twice as much and the price of goods and services has suddenly gone up, which effectively devalues your currency without even touching it.
The rest of the world often sets the value of a currency through exchange rates. If they think it is overvalued or there is too much supply, the price for that currency drops relative to others.
Then you are talking about each human being unique. So what? The only thing that keeps Bitcoin useful is that there is a redundant log of who has what and who gave it to them. You could do the same with anything as long as it had a unique number and you could just as easily print it or embed it in the currency.
Again, what is the problem you are solving? From what I can see, all bitcoin provides is a speculative currency and an easier way for fraudsters to extort money from other people.
'Crypto' is based on one-way cryptographic functions. This is just to provide a way to let people create a bitcoin by running calculations to find new unallocated ones. The rest is just record keeping. Your idea is not 'crypto'.
What problem? World require fair currency to make trade. Existing global currency time is very limited and even dolar replaced by yuan will not be any better long term.
In my opinion my system based on human in existence could be even better then based on gold.
Gold could be happy even without human around.
But for purpose if there are no humans to trade?
Select to expand quoteMacroscien said..FormulaNova said..Macroscien said..FormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
But what is the problem you are solving?
People that go on about the evil of normal money being printed, don't understand economics. The government generally want your money to lose value, slowly. If there were no inflation people would be more keen to keep the money stored away and not spend it in the economy.
If you are worried about the government taking value from you, they can do it in plenty of other ways with taxes or charges or fees or fines. A new currency would not solve that.
As an example, the government could give everyone 100% pay rises. Everyone now earns twice as much and the price of goods and services has suddenly gone up, which effectively devalues your currency without even touching it.
The rest of the world often sets the value of a currency through exchange rates. If they think it is overvalued or there is too much supply, the price for that currency drops relative to others.
Then you are talking about each human being unique. So what? The only thing that keeps Bitcoin useful is that there is a redundant log of who has what and who gave it to them. You could do the same with anything as long as it had a unique number and you could just as easily print it or embed it in the currency.
Again, what is the problem you are solving? From what I can see, all bitcoin provides is a speculative currency and an easier way for fraudsters to extort money from other people.
'Crypto' is based on one-way cryptographic functions. This is just to provide a way to let people create a bitcoin by running calculations to find new unallocated ones. The rest is just record keeping. Your idea is not 'crypto'.
What problem? World require fair currency to make trade. Existing global currency time is very limited and even dolar replaced by yuan will not be any better long term.
In my opinion my system based on human in existence could be even better then based on gold.
Gold could be happy even without human around.
But for purpose if there are no humans to trade?
Exactly. What problem? What problem is there in the world that needs another currency? There isn't one.
At least with gold there is a global market for it and holds its value.
China doesn't want the USD as the currency for contracts. USA doesn't want the Yuan as the currency. Russia wants gas contracts in Rubles. The Euro seems to be as impartial as it gets.
Why does each country want the contracts in their currency? Because it keeps the value constant. They will not be perfectly happy unless it is their own currency no matter who they are.
Whichever way it happens, each country works out what they think the deal is worth in their currency against the currency in the contract. In some cases they insure against fluctuations.
No one will want MacroDNA currency as it is not their own. It solves no problems.
Select to expand quoteFormulaNova said..Macroscien said..FormulaNova said..Macroscien said..FormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
But what is the problem you are solving?
People that go on about the evil of normal money being printed, don't understand economics. The government generally want your money to lose value, slowly. If there were no inflation people would be more keen to keep the money stored away and not spend it in the economy.
If you are worried about the government taking value from you, they can do it in plenty of other ways with taxes or charges or fees or fines. A new currency would not solve that.
As an example, the government could give everyone 100% pay rises. Everyone now earns twice as much and the price of goods and services has suddenly gone up, which effectively devalues your currency without even touching it.
The rest of the world often sets the value of a currency through exchange rates. If they think it is overvalued or there is too much supply, the price for that currency drops relative to others.
Then you are talking about each human being unique. So what? The only thing that keeps Bitcoin useful is that there is a redundant log of who has what and who gave it to them. You could do the same with anything as long as it had a unique number and you could just as easily print it or embed it in the currency.
Again, what is the problem you are solving? From what I can see, all bitcoin provides is a speculative currency and an easier way for fraudsters to extort money from other people.
'Crypto' is based on one-way cryptographic functions. This is just to provide a way to let people create a bitcoin by running calculations to find new unallocated ones. The rest is just record keeping. Your idea is not 'crypto'.
What problem? World require fair currency to make trade. Existing global currency time is very limited and even dolar replaced by yuan will not be any better long term.
In my opinion my system based on human in existence could be even better then based on gold.
Gold could be happy even without human around.
But for purpose if there are no humans to trade?
Exactly. What problem? What problem is there in the world that needs another currency? There isn't one.
At least with gold there is a global market for it and holds its value.
China doesn't want the USD as the currency for contracts. USA doesn't want the Yuan as the currency. Russia wants gas contracts in Rubles. The Euro seems to be as impartial as it gets.
Why does each country want the contracts in their currency? Because it keeps the value constant. They will not be perfectly happy unless it is their own currency no matter who they are.
Whichever way it happens, each country works out what they think the deal is worth in their currency against the currency in the contract. In some cases they insure against fluctuations.
No one will want MacroDNA currency as it is not their own. It solves no problems.
I did not expect
that in first day whole world will jump
and accept my DNA currency.
It will take at least 100 years
to realize that is the only viable option.
So we need to be patient a bit.But on another hand
since that is unavoidable
only solution
why should we wait?why not to introduce wright now?
Select to expand quoteMark _australia said..
Curious as to how you pay? Hand the shop girl a fingernail or little sample of dead skin cells perhaps.
If its the Govt charging you, just bleed you out....?
interesting question... indeedif the most obvious.... could be accepted as DNA prove?
Every Time you go shopping
you will be required
to release some of your stock for verification purposes.
while doing grocery shopping at Coles,
buying drill at Bunnings,
buying new sail or even car?
that brings us another technical problems:
if that will be cashier taking sample from you?masturbation machine?
DIY?
Select to expand quoteMacroscien said..FormulaNova said..Macroscien said..FormulaNova said..Macroscien said..FormulaNova said..
What problems are you trying to solve with your DNA crypto?
Is it really 'crypto' when there is no crypto in it?
What happens if you have a twin? What happens if someone else has that same segment of DNA that is the same?
If you are looking for a new way to rip off people in Ponzi schemes, there will always be plenty of ways. You don't even need the cypto part, just something that is going to be the next big thing.
Right, the twin or even clones are a problem that need to be addressed. I have no clue yet how to resolve.In fact proposed system is anything like Ponzi. Not like fiat currency that could be over printed, not empty doge coins backed by nothing. This system is based on most precious resources : humans!As a test run project could be implemented on limited scale in smaller nation as national currency based on national population.
Small islander nation like NZ could adopt it easy.
Or first Lunar and Martian colony.BTW it is crypto becouse consist chain of DNA codes of individuals and then transactions between. The rest I leave to specialists to work out details.
But what is the problem you are solving?
People that go on about the evil of normal money being printed, don't understand economics. The government generally want your money to lose value, slowly. If there were no inflation people would be more keen to keep the money stored away and not spend it in the economy.
If you are worried about the government taking value from you, they can do it in plenty of other ways with taxes or charges or fees or fines. A new currency would not solve that.
As an example, the government could give everyone 100% pay rises. Everyone now earns twice as much and the price of goods and services has suddenly gone up, which effectively devalues your currency without even touching it.
The rest of the world often sets the value of a currency through exchange rates. If they think it is overvalued or there is too much supply, the price for that currency drops relative to others.
Then you are talking about each human being unique. So what? The only thing that keeps Bitcoin useful is that there is a redundant log of who has what and who gave it to them. You could do the same with anything as long as it had a unique number and you could just as easily print it or embed it in the currency.
Again, what is the problem you are solving? From what I can see, all bitcoin provides is a speculative currency and an easier way for fraudsters to extort money from other people.
'Crypto' is based on one-way cryptographic functions. This is just to provide a way to let people create a bitcoin by running calculations to find new unallocated ones. The rest is just record keeping. Your idea is not 'crypto'.
What problem? World require fair currency to make trade. Existing global currency time is very limited and even dolar replaced by yuan will not be any better long term.
In my opinion my system based on human in existence could be even better then based on gold.
Gold could be happy even without human around.
But for purpose if there are no humans to trade?
Exactly. What problem? What problem is there in the world that needs another currency? There isn't one.
At least with gold there is a global market for it and holds its value.
China doesn't want the USD as the currency for contracts. USA doesn't want the Yuan as the currency. Russia wants gas contracts in Rubles. The Euro seems to be as impartial as it gets.
Why does each country want the contracts in their currency? Because it keeps the value constant. They will not be perfectly happy unless it is their own currency no matter who they are.
Whichever way it happens, each country works out what they think the deal is worth in their currency against the currency in the contract. In some cases they insure against fluctuations.
No one will want MacroDNA currency as it is not their own. It solves no problems.
I did not expect
that in first day whole world will jump
and accept my DNA currency.
It will take at least 100 years
to realize that is the only viable option.
Viable option to what? Again, what problems are you trying to solve.
Don't get sucked into the idea that Crypto and Bitcoin solved problems. As far as I can tell they didn't. They just provided a currency that could be traded independently of governments. Who really cares about that? The value Bitcoin and other cryptos fluctuate and wildly at that. So why would you want to store your wealth in something like that?
Some people got rich in bitcoin. So others must have lost. Hardly a good replacement for normal money.
Select to expand quote
FormulaNova said..
The value Bitcoin and other cryptos fluctuate and wildly at that. So why would you want to store your wealth in something like that?
Exactly, Fluctuation.
In my concept total amount in circulation can not vary too much
because reflect on amount of people registered.
For example New Zealand has 4 mln people.
Amount of currency is now limited to those 4 mln coins.
May vary a bit but not so much.
More people imported - means more coins and money,, which seems to be reasonable.
Government may have full control and in-depth view into transaction, but they do have a such anyway.
But government can not cheat and release more coins without supply of people.
Obviously government will not be interested in the system that could not be cheated by politicians at helm.
So my system is good for all ordinary people but at same time constrain politicians and governments from manipulation.
My system is fair in market economy. Money still can be exchanged at will but can not be artificially created, while is nothing behind to back it up.It is similar a bit to gold standard , but even more fair.
Select to expand quoteMacroscien said..
So my system is good for all ordinary people but at same time constrain politicians and governments from manipulation.
My system is fair in market economy. Money still can be exchanged at will but can not be artificially created, while is nothing behind to back it up.It is similar a bit to gold standard , but even more fair.
Lets say that your country, as you suggest NZ, is paying employees on average $30 per hour. People buy goods, save, buy their houses, and all that stuff where they need a predictable form of money.
Its all good.
Then, Australia realises that NZ is overextended in its housing loans and is at very high risk of collapse. On top of that the government has run up a huge debt and is in danger of default.
In your scenario, their money would still be worth the same as the rest of the world. People outside of NZ cannot influence it and NZ can continue to buy huge amounts of imports and run the economy into the ground. With all this money going out of the country, what happens? No one has money to use. The country literally runs out of money.
In the real world today, economists look at other countries and influence the value of that currency. If things look bad, the currency is devalued. If things look good, the currency goes up in value. All the time the local economy runs fine with people still paid the same amount of money, and prices stay the same. It works well.
In your scenario, it just wouldn't work. You have no way to influence the productivity of countries, or reflect their productivity.
Look at the Euro. It looks like a good idea but creates all sorts of problems because each economy is different.
Get away from the consipracy theorist's fear that money is manipulated. It is and its a tool that can be used by governments and has negatives and positives. What do you think interest rates are adjusted for?
Select to expand quoteFormulaNova said..
Again, what problems are you trying to solve.
What problem?
You are funny.
We are entering era of the greatest
financial crisis in our already long life time.
In half a year or so people will be jumping from
the windows of their suburban houses.
My future MacroDNA coin is going to prevent all this because
the value of money in in the people around, not gold , gas , oil or
even food. Food in absence of people is useless.
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
Select to expand quoteCH3MTR4IL5 said..
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
MacroDNA dollars as you said are used as indication how much given country may have coins in disposal.
For example Australia will have, contribute to system 25 mln Macro Coins. NZ 4 mln China 1500
Those will be spilt in traded as fraction but total amount can not exceed total amount of coins.
For whole world it could be around 8 bln Macro Coins.
and no country, even as powerful as USA can not print themselves another billions on Macro Coins.
For technical analysis you need to ask those IT guy that know exactly how blockchain operate. I am selling them my idea for free for them to use.
But is will be interesting to see computer modeling how it may works in real world.
For example every person arriving to the world is give ONE coin. Regardless poor family or rich ! That give every person born to participate in global plant life. The distribution of that wealth during life time
must be modeled be computer model. How the wealth is accumulated and distributed then also need further consideration. Things like inheritance, debts and fortune creations needs also modeling in this system.
We could for example assume the single coin will be enough to support the life of the individual over whole life time. But there must be then system to prevent from robbing that wealth, for example by utilizing common income, releasing value of your coin during life in increments.
At same time system will reward those hard working and companies , organization with means to exchange and accumulate wealth .In fact system will not allow to simply capture wealth from most populous but poor countries from those less populous but wealthy.If person is given Macro coin at birth, doesn't mean that have now full ownership and can do what ether he/she want. It still could be under Government Control that use this coin as budget for given person. (?) Details how it works need further consideration and modeling.
Select to expand quoteCH3MTR4IL5 said..
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
I am convinced that proposed currency system is the most logical for human civilization to use if
not in 100 years then in next 1000 years! The concept to chain DNA code of individual into currency is clear,
but details how it works will be like asking
How your smartphone works?? ! What those transistors inside do? How it is all programmed? How connected to the world?
Select to expand quoteMacroscien said..CH3MTR4IL5 said..
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
I am convinced that proposed currency system is the most logical for human civilization to use if
not in 100 years then in next 1000 years! The concept to chain DNA code of individual into currency is clear,
but details how it works will be like asking
How your smartphone works?? ! What those transistors inside do? How it is all programmed? How connected to the world?
I understand how smartphones work. I do not understand how MacroDNAdollar solves a problem we don't have.
In fact, MacroCOIN ruins the world as it doesn't allow normal market forces to work.
Is pushing your idea to 'in 100 years time' and now 'in 1000 years time' just a way of pretending its a valid idea?
I guess the one advantage of people not understanding Economics is that they pile on into things like Bitcoin, and if you are smart, you take advantage of those people, because they don't know what they are doing.
Select to expand quoteMacroscien said..FormulaNova said..
Again, what problems are you trying to solve.
What problem?
You are funny.
We are entering era of the greatest
financial crisis in our already long life time.
In half a year or so people will be jumping from
the windows of their suburban houses.My future MacroDNA coin is going to prevent all this because
the value of money in in the people around, not gold , gas , oil or
even food. Food in absence of people is useless.
I only have a single-storey house, and the windows are low set to the ground. I think even if I jump I will be okay unless the grass is slippery.
Wanna buy some FN pesos*? They are the next big thing. They are centralled controlled by one individual so are immune to outside influences. They also increase in value at the discretion of one person, although you can't actually cash out unless you can sell to someone outside.
How many do you want?
*Any FN DNA found on a FN peso is purely due to the production process and not intentional.
Select to expand quoteFormulaNova said..Macroscien said..CH3MTR4IL5 said..
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
I am convinced that proposed currency system is the most logical for human civilization to use if
not in 100 years then in next 1000 years! The concept to chain DNA code of individual into currency is clear,
but details how it works will be like asking
How your smartphone works?? ! What those transistors inside do? How it is all programmed? How connected to the world?
I understand how smartphones work. I do not understand how MacroDNAdollar solves a problem we don't have.
In fact, MacroCOIN ruins the world as it doesn't allow normal market forces to work.
Is pushing your idea to 'in 100 years time' and now 'in 1000 years time' just a way of pretending its a valid idea?
I guess the one advantage of people not understanding Economics is that they pile on into things like Bitcoin, and if you are smart, you take advantage of those people, because they don't know what they are doing.
Somehow world jumped with joy when Kiosaki release his scam coin. How much is cost the world by now? half a trillion? MacroCoin is still only 100 years away ( and always will be) !
Select to expand quoteMacroscien said..FormulaNova said..Macroscien said..CH3MTR4IL5 said..
As FN is asking, but what's the point of it?
Everyone gets 1 macrodollar. There are no more macrodollars produced, we all have our 1 macrodollar, now what?
I am convinced that proposed currency system is the most logical for human civilization to use if
not in 100 years then in next 1000 years! The concept to chain DNA code of individual into currency is clear,
but details how it works will be like asking
How your smartphone works?? ! What those transistors inside do? How it is all programmed? How connected to the world?
I understand how smartphones work. I do not understand how MacroDNAdollar solves a problem we don't have.
In fact, MacroCOIN ruins the world as it doesn't allow normal market forces to work.
Is pushing your idea to 'in 100 years time' and now 'in 1000 years time' just a way of pretending its a valid idea?
I guess the one advantage of people not understanding Economics is that they pile on into things like Bitcoin, and if you are smart, you take advantage of those people, because they don't know what they are doing.
Somehow world jumped with joy when Kiosaki release his scam coin. How much is cost the world by now? half a trillion? MacroCoin is still only 100 years away ( and always will be) !
Who is Kiosaki? What 'coin' did he release?
you are right
Satoshi Nakamoto
maybe I should rename myself
Macrotoshi Macromoto ?
or Macroyota ?
sounds better to promote scam coin now ?
Select to expand quoteMacroscien said..
you are right
Satoshi Nakamoto
maybe I should rename myself
Macrotoshi Macromoto ?
or Macroyota ?
sounds better to promote scam coin now ?
Maybe you should stick to electric post-hole diggers? 
Have you decided how many FN pesos you want to buy yet? The introductory offer is 10,000 for $5000 but only for this month. After that they double.
Select to expand quoteFormulaNova said..Macroscien said..
you are right
Satoshi Nakamoto
maybe I should rename myself
Macrotoshi Macromoto ?
or Macroyota ?
sounds better to promote scam coin now ?
Maybe you should stick to electric post-hole diggers?
Have you decided how many FN pesos you want to buy yet? The introductory offer is 10,000 for $5000 but only for this month. After that they double.
OK I will take all your FN pesos.
You need to post here your bank account and password, so I could make direct payment to your account. then I give you my Nigerian address where you could send your pesos.
Macro.
Back to the start - how do you actually pay?They can't scan your DNA at a checkout. You need to supply a body part for DNA to be extracted and coded. BUT - retinal scan or fingerprint is instant.
How do you actually pay with your unique DNA t the checkout? And is it better faster or more unique than say retinal scan (no...)
Select to expand quoteMacroscien said..FormulaNova said..Macroscien said..
you are right
Satoshi Nakamoto
maybe I should rename myself
Macrotoshi Macromoto ?
or Macroyota ?
sounds better to promote scam coin now ?
Maybe you should stick to electric post-hole diggers?
Have you decided how many FN pesos you want to buy yet? The introductory offer is 10,000 for $5000 but only for this month. After that they double.
OK I will take all your FN pesos.
You need to post here your bank account and password, so I could make direct payment to your account. then I give you my Nigerian address where you could send your pesos.
No problem. You can pay for them in Bitcoin.
Also, just to keep you informed, there is no distributed redundant ledger like Bitcoin, only an open file on my laptop. It generally survives a reboot, so your wealth is secure.
How many people are in the world today? Around 8 billion? 330,000 births each day and 140,000 deaths. And they all need to be represented uniquely? So, they need to have some sort of ID number that is able to cater for at least a few hundred billion, but with a scope that is large enough to cope with lots of people having almost all the same genes, but slightly different.
TBH I don't even think it would be common practice to identify that many genes.
So, why not just assign a sequential number to each person as they are born?
But who would keep track of who owns what? Bitcoin uses a distributed ledger and apparently is already challenged by the number of transactions.
Couldn't you achieve a system at least as good by just giving each new person a dollar on the day they are born and let them do what they want with it?
Labour has been in government for 10 minutes and you're already talking about universal basic income, fkn communists...
