A decentralized goverment runned by its citizens through blockchain.

Introducing you to Decenturion the first autonomous society. Imagine having a state where economy, governance and communication are built on blockchain technology. Think of a government where her money, power, glory are 100% owned by her citizens. Nobody owns more than 30,000 DCNT.
As a citizen of this state, you have your passport both soft and hardcopy and you get the share of government earnings at the end of the year based on the amount of DCNT you have.

This idea is brilliant.[ATTACH=full]180254[/ATTACH][ATTACH=full]180255[/ATTACH][ATTACH=full]180256[/ATTACH]

niaje hacker

A starp up in kenya is using block chain technology on lands registrarion process.

@introvert kuja na mguu kumi and runned over hii mujamaa


Totally useless. Sounds very good theoretically but it would be never work.

If you give every person in the republic Kshs 1m. Lots of the newly rich will just go and spend this Kshs 1m on partying, others would buy a car etc. Suddenly, club owners and car dealership owners have 3m and some guys are left with 50k.

This has actually been tried in Russia and failed. During the privatization of state corporations after the fall of the USSR, every worker was given shares in the corporations. The leaders would then purposely delay salaries and then offer to buy the share certificates from peasants at a reasonable value.

On August 20 1992, as the privatisations unfurled, Yeltsin(Former Russian President) announced that Russia was about to become a stakeholding society. Every citizen was to be issued with a voucher worth 10,000 roubles (then worth about £30, the equivalent of an average monthly wage) that they could exchange for shares in the companies that employed them or in any other former state enterprise. The vouchers could also be invested in savings schemes. To ensure a fair distribution of wealth, shares in each newly privatised company would be divided into three tranches, one set aside for the 57 million workers and managers, another solely for outside investors, and the remaining controlling interest retained by the state. There would be “millions of owners rather than a handful of millionaires”, Yeltsin pledged. “Everyone will have equal opportunities in this new undertaking and the rest will depend on ourselves… The privatisation voucher is a ticket for each of us to a free economy.”

This led to people like Abrahimovich(Chelsea owner) to buy out small peasants when cash crunch hit and that is why upto date less than 4% of his employees have stakes in his company. The flashy investments abroad were only capital flights for russian oligarchs that had heavily screwed the citizens of Russia.

Rigmaster Ramazanov slurps his tea. “We didn’t understand the concept of owning shares, and there wasn’t even a Russian word for ‘privatisation’. More educated people took the opportunity.” While most Russians grappled with what to do with their vouchers, Roman Abramovich relished the challenge set down by Moscow. By 1992, the 25-year-old was already familiar with the notion of a free market, having taken advantage of the legalisation of private businesses introduced by Gorbachev in 1987 to set up an oil trading company. For five years, he had bought cheap Russian oil for a few roubles a barrel and sold it abroad for a considerable profit. Now Abramovich allegedly bought up blocks of vouchers from oil workers, converting them into shares in western Siberian energy companies - there was nothing to stop him, it was perfectly legal.
The impoverishment of Russia helped Abramovich consolidate his holding. “After the prices were freed up in 1992,” says Ramazanov, “everything went to hell.” The rouble fell on the foreign exchange market from 230 per dollar in January 1992 to more than 3,500 by December 1994, wiping out most people’s savings. The impact on the population was dramatic. Life expectancy for men fell from 65 in 1987 to 59 in 1993. The number of suicides rose by 53%, as more than one third of the population slipped below the poverty line.

Even distribution of wealth is a fallacy that will never happen. Because educated and also the wealthy people will always take advantage of the less smarter people. And the dumb people will also just spend no matter how much money they get.

Kwani we ni wa windows?

Yep. Na sihami any time soon

There is a word for that: socialism and it is an idea that has been proven to be open to lots of subversion and ab/mis-use.
Ergo: it doesn’t work.
While capitalism does work, the whole “economy of scarcity” idea is something whose time is up (meaning capitalism needed to reinvent itself and fast - something that is already underway but not happening fast enough!!).


Bitcoin itself has this issue. There will always be an imbalance of power. Now most of bitcoin wealth/power is held by early adopters and a few mining pools (one actually held 51% of the resources, which is the minimum required to mess up the Blockchain).

Which is why blockchain and the like are a revolution.

Yes that they undoubtedly are, however they’re not meant to re-distribute what people have earned by hard work and smarts to those who either haven’t or will not or as is in most cases will steal/grab/loot.
Block chain and the like are security mechanisms, not meant for “equality” whatever that means.
They’re meant to secure what one already has (and their transactions) by providing verification and proof of ownership courtesy of their being tamper-proof by nature.
I hope that explains it better brother?

I agree with you sir. I wasn’t echoing the equality line of thinking. But it will definitely give more smart people access and/or control of resources, yes?

It will!!
Problem comes when those “in charge” (read: responsible for laws) are shameless, avaricious, self serving scum - such as we have here (in Kenya) in which case it ceases to matter much. :frowning: