Bitcoin fork (maintaining BTC balances) onto Algorand consensus, call it algoBTC, would solve 2/3 of these issues. Scalable as money and environmentally friendly pure proof of stake. The greed/scam aspect is human nature and the appeal of a 'trustless' store of value. Clear regulation would go a long way here and more opportunities for [high risk]-reward yield for retail investors would drive people away from scams (current accredited investor and private share-holder restrictions; us govt. intends to change definitions as of this year)
This is probably closer to the truth. It's not a coincidence that Japan was the first developed country to experience stagflation and is experiencing these problems.
Welcome to the everything bubble. We now have to choose whether people hurt in nominal or real terms. I think we will collectively decide to hurt real wealth rather than nominal wealth. All the two-sided obligations work out better that way. The difficulty of avoiding taxation on real wealth is probably for the 'greater good'.
Awesome! I've seen hackathon implementations of this idea, but yours is the best I've found so far. I'm curious about automatic activity recognition. Will be interesting to train a classifier on head and hand pose to count sit ups or pushups automatically. Might hack around with this later in the month. Thanks for MIT licensing it!!!