Announce the creation of one billion units of open source money. These units grow at 3 percent per year, so they are called Threeps.
Publish certificates for these threeps, and, check this, publish BOTH keys for the certificates because they are made from some open source PRNG seeded by a prominent trans infinite number like Pi or the square root of root or Pi XOR the square root of two etc.
The neat bit of this is anyone can verify the keys but can only change them by changing the value of Pi etc.
Issue a new certificate every day for new Threeps such that after one year there's one billion, 30 million of them.
In order to do this you multiply the current amount of threeps by 1.03 to the 365 root which is.0000809862990531184697007636827
Continue as necessary.
Note - if this doesn't work, that is, if someone shoots a hole in it, lets fix it and impliment it anyways.
Open Source Money (Score:3, Funny)
Announce the creation of one billion units of open source money. These units grow at 3 percent per year, so they are called Threeps.
Publish certificates for these threeps, and, check this, publish BOTH keys for the certificates because they are made from some open source PRNG seeded by a prominent trans infinite number like Pi or the square root of root or Pi XOR the square root of two etc.
The neat bit of this is anyone can verify the keys but can only change them by changing the value of Pi etc.
Issue a new certificate every day for new Threeps such that after one year there's one billion, 30 million of them.
In order to do this you multiply the current amount of threeps by 1.03 to the 365 root which is
Continue as necessary.
Note - if this doesn't work, that is, if someone shoots a hole in it, lets fix it and impliment it anyways.
Re:Open Source Money (Score:2)
Re:Open Source Money (Score:2)