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Given the number of cryptocurrencies devs have struggled to get their coins in front of the community. Some of the devs have tried distributing free coins and t

Given the number of cryptocurrencies devs have struggled to get their coins in front of the community. Some of the devs have tried distributing free coins and this is known as "airdrop" in the cryptocurrency community. Though most of them use some criteria to stop people from falsely claiming coins. I forgot the exact name but there was a cryptocurrency which did an airdrop for citizens of a particular country. This coin seems to be in a similar mold. Though the pitch is that it is Universal Basic income. Looking at the history, it seems it is just a re-brand of an existing coin called Grantcoin which has been in circulation since 2015.

fabianhjr 9y ago
As far as I know, this is the second Basic Income coin in circulation. The first is based on a WoT and is mostly in France.[1] The overall concept is refered to as "universal dividend" or a 10%/year inflation equally distributed to the WoT members justified by a "Relative Theory of Money".[2] I have been skimming the "whitepaper" of Manna but haven't really seen how it works; it seems to just give a fixed amount of Manna per week to all members. Regardless, would love to hear pros, cons and see what ends up happening. [1]: http://duniter.org/en/ http://duniter.org/en/ [2]: http://vit.free.fr/TRM/en_US/TheorieRelativedelaMonnaie.pdf http://vit.free.fr/TRM/en_US/TheorieRelativedelaMonnaie.pdf
- thisisit 9y ago
  Page 13 which shows that this is a struggling coin since 2015 with barely enough "approved recipients". Two years in and they have 3446 participants. But the glaring mistake is pointed out by cornholio already. So we already know what will end up happening if this ever takes off. These guys with their more than 50% stake will strike it rich. As I said, most devs struggle to find an audience and need a pitch to sell it to the people. This coins pitch seems to be "UBI".
  - Mententon 9y ago
    As for Duniter, I invite you to do more than just watch the train pass by. ;)
    - Mententon 9y ago
      https://blog.p2pfoundation.net/theoretical-underpinnings-duniter-g1-project/2018/02/05 https://blog.p2pfoundation.net/theoretical-underpinnings-dun... https://fr.wikipedia.org/wiki/%C4%9E1 https://fr.wikipedia.org/wiki/%C4%9E1
  - Mententon 9y ago
    Ask your questions or statements here: https://forum.duniter.org/latest https://forum.duniter.org/latest

fabianhjr 9y ago

As far as I know, this is the second Basic Income coin in circulation. The first is based on a WoT and is mostly in France.[1] The overall concept is refered to as "universal dividend" or a 10%/year inflation equally distributed to the WoT members justified by a "Relative Theory of Money".[2] I have been skimming the "whitepaper" of Manna but haven't really seen how it works; it seems to just give a fixed amount of Manna per week to all members. Regardless, would love to hear pros, cons and see what ends up happening. [1]: http://duniter.org/en/ http://duniter.org/en/ [2]: http://vit.free.fr/TRM/en_US/TheorieRelativedelaMonnaie.pdf http://vit.free.fr/TRM/en_US/TheorieRelativedelaMonnaie.pdf

thisisit 9y ago
Page 13 which shows that this is a struggling coin since 2015 with barely enough "approved recipients". Two years in and they have 3446 participants. But the glaring mistake is pointed out by cornholio already. So we already know what will end up happening if this ever takes off. These guys with their more than 50% stake will strike it rich. As I said, most devs struggle to find an audience and need a pitch to sell it to the people. This coins pitch seems to be "UBI".
- Mententon 9y ago
  As for Duniter, I invite you to do more than just watch the train pass by. ;)
  - Mententon 9y ago
    https://blog.p2pfoundation.net/theoretical-underpinnings-duniter-g1-project/2018/02/05 https://blog.p2pfoundation.net/theoretical-underpinnings-dun... https://fr.wikipedia.org/wiki/%C4%9E1 https://fr.wikipedia.org/wiki/%C4%9E1
- Mententon 9y ago
  Ask your questions or statements here: https://forum.duniter.org/latest https://forum.duniter.org/latest