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>Perhaps some kind of coin where everybody in the world is issued the same amount or something. That’s an interesting idea for how a currency would work and I’

>Perhaps some kind of coin where everybody in the world is issued the same amount or something. That’s an interesting idea for how a currency would work and I’m half tempted to ask you to explain if everyone had the same where is the value in it... but more tempted to suggest you develope a currency based on human fingers as most of us start with the same number.

ianai 8y ago
One idea I’ve had and heard similar descriptions of elsewhere is to give people grants for various things. Ie. If you’re diagnosed with skin cancer you’re given a grant to fund the treatment. There’d have to be an algorithm in place to settle on the optimum grant - and I don’t claim to know it. Maybe it’s a grant that establishes a reimbursement contract between the service provider, the government, and the patient with an allotment for a maximal amount of profit. But giving people blocks of money is compatible with the capitalistic market. They would still have to choose how to spend their stipend(s) and the associated trade offs. I liken it to filling in missing data with the average value. Making sure everyone made at least the average per capita income wouldn’t change inflation, I think.
bitcoinisqueen 8y ago
80% of people will spend/lose money right away. The reason people have no money, is because of the power of their habits and their lack of imagination and discipline. Money is merely s measurement tool that reflects your captured reciprocal altruism (or piracy of course). Tons of "poor people" regularly blow $100's/month on drugs such as caffeine, tobacco, beer or even illegal drugs and lottery tickets. Others will extend themselves with shiny clothes and new cars. It's frankly hilarious and apalling at the same time. Primary reason: predatory governments who make you spend 12 years in school and teach little to nothing of finance/value creation.

ianai 8y ago

One idea I’ve had and heard similar descriptions of elsewhere is to give people grants for various things. Ie. If you’re diagnosed with skin cancer you’re given a grant to fund the treatment. There’d have to be an algorithm in place to settle on the optimum grant - and I don’t claim to know it. Maybe it’s a grant that establishes a reimbursement contract between the service provider, the government, and the patient with an allotment for a maximal amount of profit. But giving people blocks of money is compatible with the capitalistic market. They would still have to choose how to spend their stipend(s) and the associated trade offs. I liken it to filling in missing data with the average value. Making sure everyone made at least the average per capita income wouldn’t change inflation, I think.

bitcoinisqueen 8y ago

80% of people will spend/lose money right away. The reason people have no money, is because of the power of their habits and their lack of imagination and discipline. Money is merely s measurement tool that reflects your captured reciprocal altruism (or piracy of course). Tons of "poor people" regularly blow $100's/month on drugs such as caffeine, tobacco, beer or even illegal drugs and lottery tickets. Others will extend themselves with shiny clothes and new cars. It's frankly hilarious and apalling at the same time. Primary reason: predatory governments who make you spend 12 years in school and teach little to nothing of finance/value creation.