You are viewing a single comment's thread from:

RE: HSBI: Basic Income at Hive - Solution or Problem?

in LeoFinance9 days ago (edited)

Hive SBI is not perfect. At best it's a basic jobs program, not a universal basic income, and as a basic jobs income the value provided is paltry. As an experimental basic income initiative I consider it a failure. As an account-based curation program that provides incentives for users to provide permanent ongoing support to other accounts, it's a smashing success. We changed much of our verbiage about four years ago to reflect this change.

Concepts like the negative income tax that you referenced require some centralized authority with power to tax (that could theoretically be done on Hive but it would require a full overhaul of Hive tokenomics that would never be approved by the witnesses). It would also be extremely vulnerable to sybil attacks, as you addressed at the end. I have never seen any blockchain-based identity solution that is sufficiently sybil resistant to be used for a full-value basic income initiative.

Recognizing the various limitations, and not having (or even desiring) the power to tax, Hive SBI was designed to be a completely voluntaristic basic income alternative. It uses the Hive rewards pool, but only to the extent that Hive users have voluntarily funded it using HIVE that they could otherwise just power up on their own account. There are several features of Hive SBI that make it progressive. I would be happy to provide an interview, but my Portuguese is very rusty (I spent a gap year in Sao Paulo in 2004-2005).


Ainda assim, obrigado pelo video sobre minha iniciativa. Tambem acho que posso melhorar, mas agora mesmo eu não tenho os recursos que precisaria.

Sort:  

Thank you for your comment. I would be very happy if we could actually do an interview, a conversation or even an AMA in the Brazilian community. I believe that there are many people with doubts and questions that they would like to ask about the project.

I believe that the conversation could yield good results and even function as a brainstorming session for future solutions, not only for HSBI, but also for the issue of basic income in HIVE (which, as you mentioned, is not the case for HSBI, and I ended up making a mess in the video).

If you are free and willing, come and join the BR community's Discord and then I can send you a DM so that we can schedule this conversation.

About the language, no problem. I speak a little English, and when you feel like it, you can answer some parts in Portuguese too, haha.

Can you send me the discord invite link please?

Thanks. I popped in. I'm sorry I haven't said much, the last couple of days have been crazy busy for me.