News for hackers. Stuff that matters.
Re:IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Ident... by peter_d_sherman on Tuesday November 12, 2019 @12:42AM (#21511805)
Would love to see a cryptocurrency that is fully auditable by everyone... That is, when did a cryptocoin come into circulation, who got it first, why did they get it, who did they send it to next, what was traded for it, etc., etc, down the line...

And finally, if/when the cryptocoin is ever decirculated, and/or held for too long a time period in a single individual or entity's account...

The IRS would love such a system, but also every Professor of Economics (and government financial policy makers) would, too...

Such a system would exist as the nexus between cryptocurrency, hard identity, transactional tracking, big databases, regulation, macroeconomics, and monetary/fiscal policy.

If a rule was made in the system to automatically take 1% out of the accounts of the account holders that earned/owned the most, and equally distribute it (every year) to the accounts of the 1% of account holders that earned or owned the least, then basic income could also be created by the system...

Re:IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Ident... by HammockWarrior on Tuesday November 12, 2019 @01:50PM (#21516867)
That would also be interesting because it would essentially make the cryptocoins non-fungible. For example, people might be willing to pay more for a coin if it was used in the past by a movie star.