Taskmaster4450 ZAP - 20180413t133752645z

[taskmaster4450]

Manna UBI recipient income growth chart for those who like to follow; at the bottom of the Mannbase page is this counter; there are just shy of 44K approved; over 1K signing up daily; should be 50K+ by next distribution. NICE GROWTH

Comments

[cryptoeagle]

This coin reminds me of the catchy song from the 80's, every time and then it won't leave my head for a few hours! I have to check into the coin more I admit.

Regards Task!

[cryptoeagle]

Wow, the coin is very low in ranking (thus risky) but its millionth of supply is less than $1! I'd buy that ;) I guess I will once it becomes available in a western exchange.

Regards @taskmaster4450!

[metzli]

What does “millionth of supply” mean?

[hanen]

Thats great! With the time many people will know about it and sign up. Keep it up!

[steemfirst]

According to the chart , manna UBI exerience a sudden explosion on their income growth in this 2018. Manna UBI looks more promising for investing.
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[qurrom]

Thank you very much for having posted a great one

[beautybangladesh]

Thanks a lot for giving this chart.It helps us to how we increase our income.

[bobcastleman]

I've looked at Manna a few times and I'm not sure I understand the economics of it. Are they simply mining coins on their block chain and distributing them to "members"? The value of these coins being whatever they trade for on the markets? And then additional injections through donations?

The social aspects are clear. I'm just wondering how they expect the economics to hold up. A basic income for the world amounts to trillions USD a year. It's a tall order. Is the goal of Manna more about evangelizing the idea of universal basic income? I can't see the system itself providing that much basic income to the world.

All this said, I'm not suggesting that Manna is a bad project. It's worth trying if for nothing else than to learn what needs to be done to make this idea a reality.

[indigoocean]

I think the real value only comes with the internal market being developed. When people getting Manna airdrops are able to trade the coins for goods and services without having to convert into fiat, that's when the value of the coins will really be shown. So long as they have to be traded for fiat on exchanges, I don't see the price holding steady or increasing. People will just keep selling them for whatever they can get, especially in poor countries where even $0.01 per coin at 50 per week is worthwhile. But the price of the coin can't stay at a penny indefinitely. I don't think the company running the project could survive in covering server costs alone at that rate indefinitely.

[taskmaster4450]

Thanks for the comment @bobcastleman.

While providing a basic income for the entire world would be great, I am not sure that is the vision. That is a bar that is probably unreachable. To start, I dont think you would get 7B to sign up for anything (especially since half those people are not presently on the internet).

I think the goal is to get each person who signs up a thousand or two a year. This isnt a tremendous amount to most in the western countries but is huge in areas like Indonesia where the average income is $6K per year.

I believe the economics of it are similar to most cryptocurrencies in that the network effect is crucial. The number of users of the currency will help to increase the value on the open market, at least in theory. Personally, I believe if people have it in their wallets, they will use it.

We shall see how it all works out. It will be interesting to see what assets they put behind it and what they add to their blockchain.

[bobcastleman]

So a social experiment of sorts. One worth doing, IMHO.