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RE: So, if I was Making $28 Million a Year...

in #discussion7 years ago

Agree, a comfortable life is all I need as well and that doesn't cost millions a year :)

Basic Income: fully agree, we need some kind of instrument like that since in a couple of decades AI and Robotica will for sure handle the tasks of most of our jobs. At the same time, we need to make sure the ownership of the IPR of AI and Robotica is in the hands of all of us, instead of a couple of corporates.

Crypto based basic income: Someone pointed me to GrantCoin, but although their story sounds interesting, the amount the actually payout seems to be around 1$ per participant per month, which is for people in the western world nothing. Wondering if they are able to increase this with a factor of 1.000.

Musiccoin also propagates basic income, but they take it from a music perspective. Before a listener needed to pay for a streamed play of a track (pay-per-play), but they made it free for the listener and part of the mined coins are now flowing towards paying the musicians owning the tracks. Still the pay-per-play is in effect, ie a track that is played 10 times more than another gets paid 10 times more then the other.

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Yes, I got involved with the GrantCoin idea early on-- I guess they now have renamed it "Manna" and are redesigning how they do things. Not sure what will come of it... for the moment, the contributions are extremely low (by western standards), but it always seemed unclear how they proposed to fund the project. I think VivaCoin is pursuing a somewhat similar ideal.

VivaCoin: indeed, I looked into before they went ICO, but also with their idea, wondering how the finance it. I think they may dream the coins gets some value by itself, through trading and investing. But I dont think that is a sustainable model.

Sadly, a lot of these projects have beautiful ideals, but we end up with the more functional "how does this sustain itself?" and most of the time nobody has any idea. You can't just have "output," you have to have input, as well... something to make it attractive enough to investors that they will pump assets into it. Something for something, not something for nothing.

I agree with you!