This is probably the absolute best idea I’ve heard of in years!!!
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I hope everyone reads your comments sir!!
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Huge fan of yours here! Love your work!
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The problem is that the three areas you mentioned; have been a stagnant issue for centuries for some populations: slavery for blacks people, Native Americans’ land issue, and others. I will agree with you if they get paid back free labor and all assets stolen from them. Then we can begin talking about the following:
- freedom in currency
- freedom in the workplace
- freedom in markets
That will be interesting. Once Cardano becomes big, like other government or private institutions, I believe these problems will continue to exist if no UBI is considered now when it is not too late.
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OMG, you are brilliant @jPalms, genius ideas. I hope people are listening.
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I wasn’t so sure about the UBI philosophy a few months back, but Alan Watts has outlined a pretty convincing argument.
Who’s still interested? Who has fresh ideas?
First idea on the top of my head is using staking rewards or other kinds of investment rewards to pay out to citizens/members.
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Sorry x3haloed I don’t have any new ideas.
I guess we have to let crypto mature.
Things that destroyed Bitcoin becoming a form of self governance currency is human greed / middlemen, we now see a new establishment rising, that’s why Bitcoin is a “store of value” and not a currency.
The “be your own bank” proposed by Satoshi is now gone for Bitcoin. Maybe Defi is giving more options for that.
Full decentralization is the way back to “real” freedom.
Like I said, lets see crypto mature, maybe something better than UBI could rise from the Cryptoverse.
@x3haloed , @Classborn : I am with you both on a UBI. It is vitally important that a UBI is established. With the growing robotic and AI markets it will only be a matter of a few decades before 1/2 of all jobs will be obsolete. I think that after defi has been around 5 years we will begin to see exactly how a UBI will fit into the Cardano system in one form or another. Cardano is off to a great start simply by allowing virtually any amount of ADA to be staked. The little guy wins. Most other stake-able coins require a substantial minimum investment.
ETH = 32 >= $102,400
DOT = 40 >= $1120
I am confident that we will figure out a way to a sustainable UBI.
Peace
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I created this thread back on Sep 19 2019 just months before the pandemic and let me tell you that the idea of UBI makes more sense now.
A lot of people loosing their jobs in countries with governments that no financial aid was given. Women widowed because of the pandemic loosing the support and income of their husbands.
A Decentralized UBI is a must.
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There is a proposal on Project Catalyst about this topic. Have you seen ?
Basic income will never be universal. Generally speaking, rich people would rather commit genocide than give their wealth away. This is decided by game theory and the herd mind of human beings. And it is seen over and over again in history. So when poor people are no longer needed because of AI and robots then it is better that human wealth already be fully decentralized. This will remove the incentive to kill poor people because there will not be any to kill. Poor people have money but it’s all in banks and in property deeds which can be made to disappear. When poor people take full control of their wealth and use this power collectively they will not be vulnerable to genocide after being displace from their work. This is why it is vital that everybody learn how to manage cryptocurrency. This is why Cardano is so important.