Universal Basic Income: Difference between revisions

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(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...")
 
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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).

Revision as of 00:45, 2 August 2017

Cryptocurrency Solutions

Implementing UBI via cryptocurrency would allow for a fair, decentralized and non-violent solution to creating value and dispersing value.

Duniter

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.

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