CMTLabs is proposing creation of "No Whale Crypto" currencies. Despite original intent, the primary goal for current POW (Proof Of Work) and POS (Proof Of Stake) crypto currencies is to perform as speculative high return investments. The secondary goal is to function as a currency on payment platforms to increase retail demand and earn transaction fees. Artificial supply limits and manipulated circulation are mechanisms utilized to achieve the primary goal. As a small percentage of entities (whales) continue to own and control more of a crypto currency supply, crypto equivalents of fiat unregulated private and corporate owned “banks" will be created or even worse, "crypto currency cartels". Regardless if the whales are billionaires, public companies or institutional investors , the common goal is to increase the fiat cost of the currency. To create “No Whale Crypto” currencies, a number of mechanisms can be implemented to discourage whale ownership. One mechanism could involve a limit on the amount of currency which can be purchased within 24 hours . Mobile phone mining could be utilized as an alternative to large mining farms.
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