Universal Basic Income: Difference between revisions

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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.

Latest revision as of 02:40, 30 September 2017

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