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The idea, as I see it, is that with government issued money, you either need to collect the money somehow first, or if the UBI is to be done by the govt, the go
by drdeca 5y ago
The idea, as I see it, is that with government issued money, you either need to collect the money somehow first, or if the UBI is to be done by the govt, the govt has to be convinced to issue the money,
whereas, with a cryptocurrency, it can just be issued exactly in accordance with the UBI payout, where the designers need no permission from the govt, and where recipients aren’t limited to a particular country. If the issuance produces too much devaluation of the token, well, then the experiment didn’t work, but it didn’t interfere with people’s existing savings or the like.