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It's a universal basic income experiment being run on the steem blockchain.

The idea of basic income is that everyone should get a certain amount of money just in virtue of them being human, and that the amount of income should be enough to live off, so that working for more money is a choice rather than a necessity. The economic/philosophical underpinnings are pretty extensive, so I'll save it for another post.

The experiment @steembasicincome has going here doesn't provide anything like a living wage, but buying in or being sponsored in will provide a small upvote on all your posts. The full overview of what they are doing can be found here: https://steemit.com/basicincome/@steembasicincome/steem-basic-income-a-complete-overview

Banking is an Application not an Institution!!

i feelyou, the fact of beeing alive should all be awarded with basic income.