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I like this crypto UBI idea! But without the early movers incentive to increase the coin value, how could that work?
by felipeccastro 6y ago
I like this crypto UBI idea! But without the early movers incentive to increase the coin value, how could that work?
- sofetch 6y ago> But without the early movers incentive to increase the coin value, how could that work? Are you seriously asking how having the value distributed out to a large number of people could ever have utility without oligarchs to "set the value" to some "proper" value?
- felipeccastro 6y agoI’m seriously asking for new ideas. This space is new and free to rethink incentives in all sorts of ways, it doesn’t need to repeat the same mistakes as fiat.
- Ensorceled 6y agoYes. If we split all the bitcoins up into 7.8 billion pieces and distributed them to everyone on the planet ... what do you think bitcoins would suddenly be worth? Would each slice still be worth ~$100 or would the market simply collapse?
- jordan_curve 6y agoThat seems like a legitimate question although you’ve rephrased it somewhat uncharitably.
- crumbshot 6y agoThe value would end up pegged to the price of a bag of weed on the dark markets, as that category of trade is the only genuinely useful application of cryptocurrency that's been found so far.