Just about this hour I had shaped a really brilliant idea:
The following way we can give the power of democracy to the court system and reward people (and organizations) for their good works.
Consider a set of wallets and a set of “courts” both denoted by an Ethereum address. We can combine a wallet and a court into a new address.
A decision of a court may be endorsed or not endorsed by somebody. We endorse good decisions and don’t endorse things like the patent for a wheel in Australia.
We also should create some kind of a directed graph of courts, so that a decision of one court could be automatically endorsed by another one. To confirm a transaction one needs to provide a path in the graph of courts. Very simple.
The thing that a court can do is to add an arbitrary amount of money (a COURT or LAW or REWARD or JUSTICE token) to somebody’s wallet.
We could also want courts to subtract (fine), but it’s impossible because the money could be transferred to a secret account to avoid paying a fine. Also selective fining would create inequality among cheaters, and it seems that most of the population of the world are cheaters, so such selective fining would create inequality in the world. So, in my opinion, this system should only reward and never fine.
Now I want to pay a sum of crypto like $100 billion to Linus Torvalds and or his organization Linux Foundation for their work, I want to pay to myself for my math discoveries, etc.
It seems possible to do, just need to develop an Ethereum smart contract. I need to find time for this free of my “main” job.
Any support or money or advice is appreciated! I am going to write more on this topic.