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 -
#Redirect [[OSE Coin]]
 
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).

Latest revision as of 02:40, 30 September 2017

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