Humanity needs a cryptocurrency that is “mined” by doing good deeds.

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Humanity needs a cryptocurrency that is “mined” by doing good deeds.

Obviously I've no idea how that would work. It's a thought experiment more than anything, but it's exactly what is needed.

The more valuable it becomes, the more incentive there is to do good. In times of national or international strife, the value would supposedly rise, to encourage more positive actions.

At some point it might even be useful to consider making this the basis store of value, since "scarcity" like gold is kinda silly, and "arbitrary" value like btc that is able to be manipulated by financial interest alone means that the rich continue to benefit more significantly than "normal" people.

It would have to be one-directional tradable though, or something. Or only able to be purchased (or burned) by institutions delivering programs.

Or awarded by consensus of others, with the scarcity of your awarding determining the strength of your vote to award. (To prevent people forming a group and just awarding each other back and forth).

And penalties could be leveraged against institutions or govts that commit bad actions, like polluting a river, tearing down a forest, or, say, displacing an entire population from their residences. 🤷🏻‍♀️

In fact the system could be entirely sentimental, where people contribute and vote for activities they see as good or bad.

This is just brainstorm, no idea how any of it would work obviously. The idea though fundamentally would be to provide a counter to raw profiteering – some kind of social accountability for both good and bad.

And now I realise this sounds exactly like "social credit" so obviously it would have to be designed to address the flaws in those systems heh.

submitted by /u/footofwrath
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