The idea of UBI (Universal Basic Income) can be a good thing if the current system of fractional reserve banking and private central banking is done away with. If we try to put new wine into old wine skins the skin will break and the new wine will be ruined. However, if we create a new system, one that is based on crypto, one that is decentralized and peer to peer, then the new wine will be just fine in the new wine skins. I agree, this can play out in so many different ways. Hopefully, we can come together as a community to help steer it in the right direction. First, we need to educate one another on how money works and how Distributed Ledger Technology works and how they can be melded together. Thanks for your thoughts.
You are viewing a single comment's thread from:
True. I've signed up for Grantcoin to see if they can manage it, but given they're nearly 2 months late in their UBI distribution (which is just 1-2$ worth anyway) I think they're kind of falling into the abyss XS
No problemo. I exist to learn, and to share what I learn :) (at least... that's the ultimate goal... I haven't finished brain-washing myself to the point where Learning and improving my skills is one of the ultimate joys in my life XD)
It's too bad about Grantcoin... I've got 7600 of them, so if they could get to 1$ worth, that'd be GREAT XP