4 ms·
nothing stops crypto PoS with governance to hand money to the poor as well.
by jalino23 4y ago
nothing stops crypto PoS with governance to hand money to the poor as well.
- klodolph 4y agoWith fiat, there are at least some incentives. Not perfect incentives, but incentives just the same. Not sure what would incentivize crypto here.
- bee_rider 4y agoIf a cryptocurrency actually gained widespread use (competitive with cash), I'd imagine it would take on some aspects of a central bank -- being the only currency is only fun if the economy running smoothly. Money given to poor people more-or-less immediately enters circulation.
- bee_rider 4y agoSeems like an interesting idea to spur adoption of the currency.
- skybrian 4y agoDepending on what you mean by money, there are unsolved problems. You need some kind of layer that maps real people to accounts, or people can just create lots of accounts for unlimited money. There was some crypto startup that wanted to do this and was going to different cities and doing retina scans. I wonder what happened to them? I suppose you could outsource it by donating to GiveDirectly, but that would require conversion to real money and then (by GiveDirectly) to mobile phone payments. In that case, the cryptocurrency isn't solving much of the problem.