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(1) Where are people going to go to learn how obtain GDs, or is the plan to have other adapters reify GD first and then have it move on to others? (2) I can't

(1) Where are people going to go to learn how obtain GDs, or is the plan to have other adapters reify GD first and then have it move on to others? (2) I can't imagine some of the poor in, say, Harvard Square maintaining their GD wallets, be they physical, hardware or otherwise. This isn't the problem you're trying to solve, but just a thought.

Suncho 10y ago
(1) Where are people going to go to learn how obtain GDs, or is the plan to have other adapters reify GD first and then have it move on to others? Depends on the people. GD comes into existence through the basic incomes that basic account holders receive. Initially, we'll hand these basic accounts out to poor people. What we'll literally hand them is a physical card that participating merchants can process at the point of sale. So these initial users will not really have to learn how to obtain GD. We actively give it to them. We'll actively set up some merchants to be able to process GD payments. The sales pitch to merchants is, "We're giving people free money. Do you want their business?" Additional merchants would be able to sign up for merchant accounts through our website. At first, we won't be able to give basic incomes to every individual. But anyone will be free to sign up online for starter accounts that allow them to receive and make payments in GD, participate in the crowd investment of GD (Future Gresham Dollars), and compete for Gresham Points (described in another comment). The initial basic account users and merchants will help reify GD. Ideally, our project would generate some hype leading others to sign up for starter accounts. (2) I can't imagine some of the poor in, say, Harvard Square maintaining their GD wallets, be they physical, hardware or otherwise. This isn't the problem you're trying to solve, but just a thought. There's not much managing they have to do. The plan is to make the Gresham Card as simple to use as an EBT (food stamps) card. You use your Gresham Card to spend at merchants who accept GD. The GD balance is tapped first, followed by the USD balance. There's an online interface through which users can link bank accounts, make online payments, change settings, and do other fancy things. But users who completely ignore the online interface, for whatever reason, will still be able to receive and spend their basic incomes.

Suncho 10y ago

(1) Where are people going to go to learn how obtain GDs, or is the plan to have other adapters reify GD first and then have it move on to others? Depends on the people. GD comes into existence through the basic incomes that basic account holders receive. Initially, we'll hand these basic accounts out to poor people. What we'll literally hand them is a physical card that participating merchants can process at the point of sale. So these initial users will not really have to learn how to obtain GD. We actively give it to them. We'll actively set up some merchants to be able to process GD payments. The sales pitch to merchants is, "We're giving people free money. Do you want their business?" Additional merchants would be able to sign up for merchant accounts through our website. At first, we won't be able to give basic incomes to every individual. But anyone will be free to sign up online for starter accounts that allow them to receive and make payments in GD, participate in the crowd investment of GD (Future Gresham Dollars), and compete for Gresham Points (described in another comment). The initial basic account users and merchants will help reify GD. Ideally, our project would generate some hype leading others to sign up for starter accounts. (2) I can't imagine some of the poor in, say, Harvard Square maintaining their GD wallets, be they physical, hardware or otherwise. This isn't the problem you're trying to solve, but just a thought. There's not much managing they have to do. The plan is to make the Gresham Card as simple to use as an EBT (food stamps) card. You use your Gresham Card to spend at merchants who accept GD. The GD balance is tapped first, followed by the USD balance. There's an online interface through which users can link bank accounts, make online payments, change settings, and do other fancy things. But users who completely ignore the online interface, for whatever reason, will still be able to receive and spend their basic incomes.