So... I always thought one of the first things that would be implemented over cryptocurrency protocols would be a form of "closed-group socialism" where people's income is held in trust by a fund, which then allocates it (either through one-way transfers, or by issuing credit) according to people's current "scores" in the blockchain ledger, whatever those entail.

This system seems to want to do that... but without the part where people's actual money is being redistributed. I don't get it.