Oh yes I forgot about the rep bit. A lot of features fit together to make this kind of self policing community. I guess that is inspired by the nature of blockchain itself... A means of creating an complex organization without central authority. This is the first place I've seen it extended beyond currency and into actually encouraging people to behave and contribute usefully. Sure the idea of rep points has been around, but here the motivation is so much more powerful, and grows exponentially as we draw more people into the group. It is a powerful new technology in the world of distributed computer systems. If functioning currencies can be made without a central bank, could entire societies be made without central governments? You should write something on that!
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I have!
It's called PALcoin and PALnet. Idea is as the currency is mined 50% of the earnings go into a community pool. Then there is a kickstarter page to figure out how to spend it. No taxes. Community funds. Good times!
Can you send me a link?
https://steemit.com/pal/@aggroed/pal-a-blockchain-government
Thanks! And BTW, I have voted in your witness campaign. Keep it up!
Rock on! Thanks boss!!!