Greed and good, a tome by sam pizzigati addresses the massive inequality of our FIRE economy (economy based on the Finance, Insurance, and Real Estate sectors). Bitcoin and other tokens have provided a sound money life boat. Group currency proposals are addressing the details of a basic income. I will try to sum up my view on a basic income here.
First there is a need to establish a wallet based on the identities of its members. Biometrics seems to be the best candidate here but to keep things anonymous the data would have to be hashed. A minimum wage would have to be set by vote. Members that earn ten times the minimum wage threashhold would forfeit the excess funds of their asset class, that is how the basic income is funded.
Consumption taxes would be levied for the commonwealth and accounted for on the blockchain. Tetractys token would be akin to an alt coin or air drop. Acquiring the hardware wallet device and registering it (finger print? retina scan? DNA test?) would result in receiving your basic income air dropped into your account.
A co-op (cooperatives) model would replace the rent-seeking corporation model. Get rid of the banks that use interest rates and house loans to jack-up prices and a basic income would be free-market. MAX KEISER is now on MINDS.COM and I, polyglotz coined the name Tetractys token.
Rather than registering with biometrics POIs may be better!!!
POIs (proof-of-individuality) are smart-assets that are hosted on the Ethereum network. They solve one of the hard problems in crypto - how do you prove that a person only has one account within the system?
1255E Keiser report & coffee!!!
Sidechains?
Here is my UBI proposal...