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RE: Cryptocurrency And UBI

in LeoFinance3 years ago

One of the things that has interested me for a long time is the idea of many private initiative "UBI-like" initiatives that allow people to receive limited amounts in payment for belonging to an assortment of "cooperatives" of various kinds.

I don't see governments or the legacy system being able to fund UBI anytime soon — if at all — but I like some of the various attempts that have been made *(Manna, Grantcoin, GoodDollar... there are many) on a very small scale.

If we imagine a system in which large corporations were to receive tax breaks for investing retained earnings in these (likely crypto/blockchain based) programs from which they would earn a yield, while they would also earn "corporate citizen goodwill" in exchange for which some number of qualifying individuals might receive $50 or $100 a month. Now, multiply by hundreds or even thousands of distinct structures people might "opt into" and you could end up with something "UBI-like" without it necessarily involving governments.

I was thinking about a couple of things... I get a very small amount of CUB for having tokens staked (+/- 10 CUB a month), and people also can earn from having HBD in savings. These are tiny, of course... my point here being that rather than a single solution, perhaps what we need to look to is an aggregate of many sources to provide the solution.

Just thinking out loud here!

=^..^=

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There are many ideas out there. Who knows how things will end up unfolding.

We are seeing a lot of innovation. The basic concept with cryptocurrency could end up truly changing how wealth is distributed.

We have to keep expanding and branching things out. The more people who get involved in this, the better for all of humanity.

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