And finally, if/when the cryptocoin is ever decirculated, and/or held for too long a time period in a single individual or entity's account...
The IRS would love such a system, but also every Professor of Economics (and government financial policy makers) would, too...
Such a system would exist as the nexus between cryptocurrency, hard identity, transactional tracking, big databases, regulation, macroeconomics, and monetary/fiscal policy.
If a rule was made in the system to automatically take 1% out of the accounts of the account holders that earned/owned the most, and equally distribute it (every year) to the accounts of the 1% of account holders that earned or owned the least, then basic income could also be created by the system...