Universal Basic Income - Revision history

Lex Berezhny: Redirected page to OSE Coin

2017-09-30T02:40:18Z

Redirected page to OSE Coin

← Older revision		Revision as of 02:40, 30 September 2017
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	~~=Rationale=~~		#Redirect [[OSE Coin]]

	~~There are practical, philosophical and humanitarian arguments for UBI.~~

	* https://medium.com/basic-income/why-milton-friedman-supported-a-guaranteed-income-5-reasons-da6e628f6070
	* https://www.libertarianism.org/columns/libertarian-case-basic-income
	* https://en.wikipedia.org/wiki/Georgism

	~~==Practical==~~

	~~Welfare programs are very inefficient and destructive; UBI would be a cheaper and more efficient solution in the long run.~~

	~~==Philosophical==~~

	~~Reparations for past injustice. Everyone should be born with the same opportunities, whether people take those opportunities or not is up to them.~~

	Because natural resources are finite and we all have to share them there is a discrepancy where the time and location of your birth will negatively or positively affect your future regardless of your potential as a unique human being. See: [~~https://en.wikipedia.org/wiki/Georgism Georgism~~].

	~~==Humanitarian==~~

	~~A lot of people are predicting that eventually robots will replace many jobs and not everyone will be able to adapt. UBI may be the only way to avoid a humanitarian catastrophe.~~

	~~=Cryptocurrency Solutions=~~

	~~Implementing UBI via cryptocurrency would allow for a fair, decentralized and non-violent (no government) solution to creating community value and dispersing it equally.~~

	~~==Duniter==~~

	~~[https://duniter.org/en/presentation/ Duniter~~] is a platform for creating custom cryptocurrencies for communities on a geographic or ideological basis. One of the unique features provided by duniter based cryptocurrencies is Universal Dividends and Web of Trust.

	Universal Dividends are an automated mining feature where everyone who is included in the Web of Trust gets the same amount of newly generated cryptocurrency. Dividends are configurable in terms of their specific dividend amount and the rate at which they are disbursed.

	Web of Trust limits who gets dividends to only community members. Membership is re-evaluated at configurable intervals by other members. Each community and individual members of the community approve each other as members. You have to either bring some value to other members, have familial relationship or simply be able to convince others to approve you.

	The "value" of the currency is tied to the overall productivity of a community and their trade with other communities. The more people buy/sell in a currency the more valuable the currency becomes and increases the inherent value of each dividend.

	Whether someone is actively producing tangible products or services and collecting direct payments for those products and services or contributing in immeasurable ways such as marketing for the community or products and services of the community: there is a financial incentive for everyone involved to be positive and productive.

	Human interactions are infinitely complicated and duniter makes it possible to merge this complicated web of human interactions with a monetary system producing something that is flexible, accountable and fair.

Lex Berezhny at 01:06, 2 August 2017

2017-08-02T01:06:58Z

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 =Cryptocurrency Solutions=
-Implementing UBI via cryptocurrency would allow for a fair, decentralized and non-violent solution to creating value and dispersing value.
+Implementing UBI via cryptocurrency would allow for a fair, decentralized and non-violent (no government) solution to creating community value and dispersing it equally.
 ==Duniter==

Lex Berezhny at 00:45, 2 August 2017

2017-08-02T00:45:41Z

← Older revision		Revision as of 00:45, 2 August 2017
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	~~From Lex -~~		=Cryptocurrency Solutions=

	~~Saw your comments about~~ UBI and ~~thought I'd share a quick thought I've had on this subject..~~.		Implementing UBI via cryptocurrency would allow for a fair, decentralized and non-violent solution to creating value and dispersing value.

	~~I believe the best way to make this work is by using cryptocurrencies and there is already a project based on France that has implemented and is using such a solution:~~		==Duniter==

	https://duniter.org/en/presentation/		[https://duniter.org/en/presentation/ Duniter] is a platform for creating custom cryptocurrencies for communities on a geographic or ideological basis. One of the unique features provided by duniter based cryptocurrencies is Universal Dividends and Web of Trust.

	~~The way I see this working out~~ is ~~that villages/medium sized communities would have their own distinct duniter based currency~~. ~~Everyone who participates~~ in the ~~community becomes a stake holder (and~~ they ~~have to continue to participate in order to remain a stake holder, "participation" being defined but what you and your neighbors think it means)~~.		Universal Dividends are an automated mining feature where everyone who is included in the Web of Trust gets the same amount of newly generated cryptocurrency. Dividends are configurable in terms of their specific dividend amount and the rate at which they are disbursed.

	~~The UBI aspect~~ is the ~~dividend that everyone gets who participates in a particular currency~~ as ~~the~~ value ~~of the currency increases (by having community produce and~~ other ~~people convert their currency into your currency so that they can buy your goods)~~.		Web of Trust limits who gets dividends to only community members. Membership is re-evaluated at configurable intervals by other members. Each community and individual members of the community approve each other as members. You have to either bring some value to other members, have familial relationship or simply be able to convince others to approve you.

	~~Duniter~~ is ~~different from bitcoin~~ and ~~many~~ other ~~cryptocurrencies~~ in ~~that it doesn't have to be actively mined. Everyone gets~~ the ~~same dividend (re-adjusted at intervals) and it's based on time (adjustable rate)~~ and the value of ~~the currency (re-adjusted based on intrinsic value)~~.		The "value" of the currency is tied to the overall productivity of a community and their trade with other communities. The more people buy/sell in a currency the more valuable the currency becomes and increases the inherent value of each dividend.

	~~Value of the currency~~ is the ~~critical part: it's determined by the output~~ of the community.		Whether someone is actively producing tangible products or services and collecting direct payments for those products and services or contributing in immeasurable ways such as marketing for the community or products and services of the community: there is a financial incentive for everyone involved to be positive and productive.

	~~The more value a community generates for others that trade with~~ it ~~the better everyone in the community will do. At the same time, everyone also has~~ to ~~maintain good relationships~~ with ~~their neighbors because you have to regularly get your "membership renewed" in the currency and you have to get your neighbors to approve (and conversely you approve your neighbors).~~		Human interactions are infinitely complicated and duniter makes it possible to merge this complicated web of human interactions with a monetary system producing something that is flexible, accountable and fair.

	~~Anyways, take~~ a ~~look at the link~~, ~~I think it's a pretty cool way to do it. Using currencies is the only honest and sustainable way to do it (without getting gov't bureaucrats~~ and ~~threat of violence/forced distribution of wealth involved)~~.

Marcin: Created page with "From Lex - Saw your comments about UBI and thought I'd share a quick thought I've had on this subject... I believe the best way to make this work is by using cryptocurrenci..."

2017-07-27T20:22:06Z

Created page with "From Lex - Saw your comments about UBI and thought I'd share a quick thought I've had on this subject... I believe the best way to make this work is by using cryptocurrenci..."

New page

From Lex -

Saw your comments about UBI and thought I'd share a quick thought I've had on this subject...

I believe the best way to make this work is by using cryptocurrencies and there is already a project based on France that has implemented and is using such a solution:

https://duniter.org/en/presentation/

The way I see this working out is that villages/medium sized communities would have their own distinct duniter based currency. Everyone who participates in the community becomes a stake holder (and they have to continue to participate in order to remain a stake holder, "participation" being defined but what you and your neighbors think it means).

The UBI aspect is the dividend that everyone gets who participates in a particular currency as the value of the currency increases (by having community produce and other people convert their currency into your currency so that they can buy your goods).

Duniter is different from bitcoin and many other cryptocurrencies in that it doesn't have to be actively mined. Everyone gets the same dividend (re-adjusted at intervals) and it's based on time (adjustable rate) and the value of the currency (re-adjusted based on intrinsic value).

Value of the currency is the critical part: it's determined by the output of the community.

The more value a community generates for others that trade with it the better everyone in the community will do. At the same time, everyone also has to maintain good relationships with their neighbors because you have to regularly get your "membership renewed" in the currency and you have to get your neighbors to approve (and conversely you approve your neighbors).

Anyways, take a look at the link, I think it's a pretty cool way to do it. Using currencies is the only honest and sustainable way to do it (without getting gov't bureaucrats and threat of violence/forced distribution of wealth involved).