Gavin Andresen - 2010-08-14 14:19:22

@s{quotedtext} @s{quotedtext} I see two fundamental problems with using a Bitcoin-like system to implement a Universal-Dividend-like system:

1. How does the system identify "individuals" ?   If you've got a completely automated way of doing that I really want to know about it!  freebitcoins.appspot.com could really use a foolproof system for identifying individuals.

2. If everybody gets a dividend, why would anybody bother running a block-generating node?  What is the incentive for doing the work needed to support the system?