Today is Thursday which means it is Manna distribution day.
We had a huge jump from last week. It is very encouraging to see the activity with all the sign ups. This comes on the heels of meeting Andrew Yang in New York.
A week ago, we sent out distribution to 98,500 people. The past 7 days saw an amazing jump of 17,700 sign ups. This puts the UBI distribution total at 116, 250. It is a seven day increase of almost 18%.
Another big step taken is the white paper was translated into Chinese. The Chinese market is a huge one, not only in their numbers but also because, generally, they are early adopters of cryptocurrency.
That is now available for download from Mannabase.
Manna is, by far, the largest Universal Basic Income project ever undertaken. The 116,000 recipients is most likely more than all other projects combined. Our growth rate motivates us to keep pushing forward.
Thank you to all who are helping out especially those sharing their referrals. Together, we all will make this a success.
Go to https://mannabase.com to sign up for your weekly distribution of Manna.
You will cross one million signups before you know it. I bet it won't take one year.
Great news.... I am sharing my Manna Referral link everywhere and up to 15 Active referrals now..... shared on Facebook, Twitter, LinkedIn, Youtube, Google+, Reddit, Steemit, you name it.
Can someone help. Me understand what will give the manna coin value? Why would it have value? Who would give it value?
First step to use money is easy access to money. The more people have it the more likely it is that they will use it as money. The more people use it the more value it has... The question is if simply giving out money is enough, or if there are further incentives needed. But for sure a currency that has more easy access to it has a better chance to be used then a money that is horded by few individuals.
Hoarding yes, but the money that the poorer have, will circulate to certain individuals with the brightest ideas through capitalism. Once those individuals begin to collect money, the cycle is bound to happen again. Capitalism seperate society from the haves and have nits, but it does it in a very natural and fair way.
I think what you end up with is still the potential to be hoarded by members of society.
There must also be a consistent ability for one to exchange the crypto for cash in order to pay taxes. That means that any coin to become as wide spread to be called a currency, would need to have measurable and stable value. Or, the government would have to accept the crypto currency.
Great idea, if you have a third world government that's trying to do good. i
In a society that has a strong printing press, it's near impossible to do withoutbpissing off the central government. The inability to control the money supply means that you rely on regulation to keep banks in check (banks that will eventually loan out crypto). We're back to square one, but atleast we solved the how money is created by numbnuts issue.
money flowing to the people with the brightest idea is good, even better if they take responsibility that comes along with power... Hoarding in itself can be good, if the money is simply put out of circulation for a while and not loaned out for interest, then all will profit from a higher value of the currency, or in case of a stable currency more money could be created and distributed. The problem i see with the current system is that capital costs have become a too big percentage of the product price, this then distributes money to the people who have already tons of money.
Read the white paper, it explains that very well. Only about a third or so of the entire distribution is coming via free coins. The rest is reserved for investors and charity organizations. It is the same with Steem: value is given by the outside investors buying and trading the coin.
That's the portion I don't get and the white paper doesn't address it very well.
I don't understand how it's possible to issue a "currency" if the currency doesn't have an economic incentive around it. The only way mana would become a currency is if it displaces another. In that sense what makes mana better than steem from a usage stand point? (my view is that it doesn't).
The white paper suggest that it will attempt to displace local government currencies.... That's a order so tall, that it would cripple the global economy, which uses the usd as the reserve currency.
Thank you for your comment @motoengineer.
What makes the USD better than the JPY? Or the Euro?
People use what they have. Manna is given to anyone who signs up and verifies. The token's value rises as the number of people with the token increase as well as those who use it.
Based upon your conclusion, no cryptocurrency has much value since there is very little usage, as of now, with any of them.
One big difference between Manna and other currencies is that we are putting it directly into the hands of poor people. Every other currency requires buying in or doing something for it.
So suppose you give it to poor people, amount the poor, they would accept it and trade it for inter poor people services (that's really rude way of putting it, but you get the point). That creates its own closed economy, but money flows from the poor people from volume.... I could see that.
It is probably more speculative than JesusCoin but with a very serious approach. Nobody knows what will ever happen to this but who cares? I already earned hundreds of free bananas.
It’s great to see that word is really getting around!
I told a coworker about Manna who has relatives in Ghana. Hop, he can convince his relatives to sign up for Manna!
I joined mannabase coin about 45 days ago, but it takes quite a long time to get some earnings (unless you get referrals).
projeto #ptgram power | faça parte | grupo steemit brasil
(unless you get referrals) --> in the end all good thinks need some work :)
More more and more sign ups to come as long as you ain't waiting
Got my first Manna distribution! Thank you for this very wonderful idea!
I was trying to sign up for a merchant of manna account and i didn’t get a email for my password. Help please
It is best to send an email to tech support to help work through sign up issues.
okay the normal manna support? I don’t see a support page on merchant of manna.
Sorry misread.
The Merchant of Manna is a separate entity. Is there an email on there somewhere?
no I didn’t see one which is why I am reaching out to you guys on steemit
I see [email protected] listed as their email address in the FAQ.
Hi Cryptojiang, you can contact MoM support at [email protected] and the team there can assist you. This project isn't associated with the Mannabase team (although we're huge advocates of what they do!). Reach out to the email above and we can make sure that you're taken care of. I look forward to seeing your products on the site!
Congratulations, Manna! It is great to see how you are growing. You have created one of the most interesting blockchain technologies with Manna. Keep it up and change the world!
I like your sharing
I'm one of the users who received on the distribution. Great job! Tomorrow is my rest day and I'll make a post about this and make referrals. I already referred my wife and soon her siblings.