<
http://www.scottsantens.com/manna-universal-basic-income-blockchain-cryptocurrency-decentralized-targeting>
"Because cryptocurrency can be thought of simultaneously as both an
asset and a currency, and because UBI goes to everyone, rich or poor,
UBI cryptocurrencies represent an entirely new way of determining need
itself in an entirely decentralized way."
Some thoughts on UBI cryptocurrencies:
"Determining the needs of others is a fool's errand. A centralized
decision making process involving costly administration and legions of
bureaucrats making arbitrary decisions based on flawed ideas of who
needs what is all something we need to get away from. It also punishes
those who go from meeting the requirements to no longer meeting them.
The best way to determine need is to make sure everyone has a minimum
amount of currency as a starting point, and simply let people decide for
themselves their degree of need and what it is they need using that
currency in markets."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://www.xanadu.com.au/ Chief Scientist, Xanadu
http://www.glasswings.com.au/ Partner, Glass Wings
http://www.sericyb.com.au/ Manager, Serious Cybernetics
