😄The GoodDollar UBI crypto project is a groundbreaking initiative aimed at promoting universal basic income (UBI) on a global scale. Developed by the GoodDollar Foundation, the project aims to leverage blockchain technology and cryptocurrency to create a new form of sustainable and equitable wealth distribution. In this blog, we'll explore the ins and outs of the GoodDollar project, how it works, and why it has the potential to transform the world.
What is GoodDollar?
GoodDollar is a cryptocurrency that operates on the Ethereum blockchain. It was created by the GoodDollar Foundation, a non-profit organization founded by Israeli entrepreneur and philanthropist, Yoni Assia. The GoodDollar project aims to create a decentralized, borderless, and fair system for distributing wealth, based on the principles of universal basic income.
Universal basic income (UBI) is a concept that has gained increasing attention in recent years as a way of addressing inequality and poverty. The idea behind UBI is simple: provide everyone with a basic income, regardless of their employment status or income level, to ensure that everyone has a basic standard of living. UBI has the potential to reduce poverty, increase social mobility, and promote economic growth.
How does GoodDollar work?
GoodDollar is designed to operate as a decentralized autonomous organization (DAO), meaning that it is governed by its users, rather than a central authority. The GoodDollar platform operates on the Ethereum blockchain, which ensures that all transactions are secure, transparent, and immutable.
GoodDollar operates on a Proof-of-Stake (PoS) consensus mechanism, which means that users can earn GoodDollar by staking their existing cryptocurrency holdings. In other words, if you hold Ethereum or other cryptocurrencies, you can use them to earn GoodDollar. The more you stake, the more GoodDollar you earn.
Once you have earned GoodDollar, you can use it to participate in the GoodDollar Marketplace ecosystem. This includes voting on governance decisions, participating in community events, and supporting charitable initiatives. In addition, you can also use GoodDollar to purchase goods and services from merchants who accept it as a form of payment.
The GoodDollar platform also includes a built-in wallet, which allows users to securely store and transfer their GoodDollar holdings. This ensures that users have complete control over their wealth, without having to rely on intermediaries or third-party service providers.
Why is GoodDollar important?
The GoodDollar project has the potential to transform the global economic landscape by promoting a more equitable and sustainable system for distributing wealth. By leveraging blockchain technology and cryptocurrency, the GoodDollar project can create a decentralized and borderless system that can reach people in all corners of the globe.
UBI is a concept that has gained increasing attention in recent years, as concerns about income inequality and poverty continue to grow. GoodDollar provides a practical and scalable solution to these problems, by creating a system that can distribute wealth fairly and sustainably.
Moreover, the GoodDollar project has a strong focus on social impact and charitable giving. The GoodDollar Foundation is committed to using a portion of its revenues to support charitable initiatives and social causes. This ensures that the project has a positive impact on the communities it serves, and that its success is measured not only by financial metrics but also by social impact.
Conclusion
The GoodDollar UBI crypto project is a revolutionary initiative that has the potential to transform the global economic landscape. By leveraging blockchain technology and cryptocurrency, the project can create a fair and sustainable system for distributing wealth, based on the principles of universal basic income. The project has a strong focus on social impact and charitable giving, which ensures that its success is measured not only by financial metrics but also by its impact on the communities it serves.
Accumulate daily $G rewards for participating in the early stage development https://bit.ly/goodubi
There is reasonable evidence that this article is machine-generated. Posting such content is considered fraud.
Fraud is discouraged by the community and may result in the account being Blacklisted.
Guide: Why and How People Abuse and Defraud
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Hello, I wasn't aware that there was such a thing as Hivewatchers. Sorry that you feel the blog on PeakD is fraud, for the sole reason, that there is the use of AI.
For the record, I actually run a a campaign called www.ScamBuster.TV , and is am a Trading Standards Anti-Scam Practioner here in the UK.
As far as I am aware, the use of AI and bots is extremely common on the Hive ecosystem. As a matter of fact, nearly all the responses to my posts are from Bots, and not real humans.
I even came across a blog from Leo Finance on Hive, covering the use and future use of AI on the Hive Eco-System. https://leofinance.io/@finguru/what-hive-community-can-build-with-gpt-4?utm_source=substack&utm_medium=email
I am happy to accept any fair and lawful constructive criticism, but feel the word fraud is a little over zealous. Please let me have your feedback on the issue.
It's fraud because you are passing off a post as your own original work when it isn't, even more so when it is monetized through the altruism of other users.
There is also a huge difference between AI and bots.
Hmmm - Fraud is a big word. I am open to any rational debate on the matter. I am not defending AI, as it is my first time testing it, and it was only used to source part of the blog.
Is it the case, that the moderators at Hive, don't want any material whatsoever on the eco-system, where AI was utilised in it's production ?
Don't most coders use AI to generate code nowadays routinely ?
And can you determine Fraud without a prosecution and a fair trial ?
Or is this proprietary software like Twitter, Facebook and Youtube, whose censorship we are trying to escape by using the Hive Eco-system ?
You're reading far too much into it. Community decides, there are no admins and as for censorship, you're not being censored, simply having reward removed.
I see - Not censorship then. Having Reward Removed ? Like taking money away from me, like a fine ?
You haven't had money taken away from you, it's not 'yours' until it's in your wallet. Upvotes and downvotes, it's how the whole ecosystem works...but you know all this. You're not new are you? You have another account here? You seem familiar to me.
We have to explain them over and over again endlessly. No rewards belong to them unless community makes the decision in the time period of 7 days by upvotes and downvotes.
A client gave a job to 3rd party. He said, I will give you 100$ (7 day pending) if you follow these rules. But the 3rd party broke the rule so client didn't gave anything. Did he stool money from 3rd party or censor his work?
Just a random poorly delivered example cause at this point, I am speechless about how they will understand it. So just giving random examples.
The account will not be blacklisted but if AI fraud continues, the account may be blacklisted.
The rewards on the posts were equalized as a reprimand.
The reward equalization will not continue unless the account engages in fraud again.
If you have evidence of fraud, are you not obliged to file a police report ?
