/biz/ - Business & Finance

Hello esteemed ladies and gentlemen, many people in the world are excited from the rise of cryptocurrency. There's a lot of opportunities to reinvent expectations that finance has and I believe I can remedy certain problems with crypto. I'll list a few problems and solutions for a proposed cryptocurrency.

(Problem 1 Inflation) Managing supply can be a tricky issue as there is a lot of arbitrary decision making that isn't fair to those outside of the loop. A solution to this would be to limit the maximum supply of a currency to the maximum number of the human population. Additionally, this doesn't have to be a 1:1 relation and could be something along the lines of a 1,000:1 relation. In this case a human population of 8 billion would mean the supply of the currency would be 1 trillion. A decentralized system could be used to determine population and adjust accordingly.

(Problem 2 Lost Currency) Lost currency is a potential problem for cryptocurrency as secured wallets could have funds inaccessible to the world forever. A potential solution would be having storages that are untouched decay over a certain amount of time. An example would be after 10 years, untouched supply would decay by 10% per year. Usefully, this money could be used for charitable causes such as linking the decay fund with trustworthy charities. Insuring that the money enters these charities will be helping society passively over time.

(Problem 3 Early Investment) In order for the playing field to be more fair toward early investors. There could be a lottery of some sort near the launch where people who have invested any amount could be rewarded with complimentary currency. This could be done at random and appeal to early investors.

I believe some variant of this would be the best currency to ever exist. It would be great if we could work together in some form to try and make this a reality. Thank you for your time.