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RE: Official Witness Launch- Growing this community and supporting success of its members

in #witness7 years ago

if have one question : What do you think about the following idea:

  • 20% of the new created steem is distributed to all verified participants as an universal dividend 50% as steem dollars 50% of as steem power
    this would encourage new users to join and help to establish steem as currency.
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Unclear how to do that. Though it's similar to a lot of my first plans in the space. Bots are too powerful that way.

the problem are not bots the problem is the verification. It could be done this way:

The same way we elect witnesses we elect sentries that take care of the verification. These sentries can then vote in or out participants from the universal income list. The verification itself could be done through video chat and / or local meetups. For example to be verified one must get verification from two verificators that are drawn independently. Optional we could also require a security deposit for each new participant. In case of cheating 50% of the security deposit is destroyed, 50% is given to the one who found the double account. This would economically solve the problem of double accounts.