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A not-for-profit company that builds an AI based identification and reputation (drivers license meets credit score meets ebay ratings) system on the block chain
by gremlinsinc 8y ago
A not-for-profit company that builds an AI based identification and reputation (drivers license meets credit score meets ebay ratings) system on the block chain (perhaps using voice + location + image to imprint a person as being who they say they are.
Then use this identification system to create a crypto-currency that has guaranteed basic income built in, and the person would need to re-verify every 6 months to keep their account.
The not-for-profit company would also start it's own businesses that provide products/services to consumers and use only local fiat + the ubi-coin for payment with maybe benefits for using crypto over fiat (to increase adoption).
Execs for all businesses would be capped at 125x average worker salary. All left over money at end of fiscal year would be divided up evenly and 30% would go to workers as a bonus, 70% would be dispersed to ubi coin holders evenly. Businesses the co-op could start could be grocers, mail-order pharmacy, insurance companies, cell phone providers, the goal being --be self-sufficient but not make a profit except enough to pay all workers, and reward the community as a whole and also make services people use everyday cheaper and more affordable.