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Good analysis. It's an interesting technology, but trying to use it to create UBI doesn't make sense for the reasons you stated. I think you'd get something in
by jtolmar 9y ago
Good analysis. It's an interesting technology, but trying to use it to create UBI doesn't make sense for the reasons you stated.
I think you'd get something interesting if you dropped the universal constant rate of money creation (individuals can mint coins at whatever rate they want), and replaced binary trust with exchange rates (I'll buy 10 BobCoin for 1 AliceCoin). This would create a currency exchange that democratizes the ability to print money. Which, to be clear, is not UBI - printing money makes your currency inflate.