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I wasn't starting from the assumption that UBI /has/ to be government-based, and was discussing a core problem (identifiability) that arises when a non-governme
by sdenton4 3y ago
I wasn't starting from the assumption that UBI /has/ to be government-based, and was discussing a core problem (identifiability) that arises when a non-government entity tries to implement UBI. You've just got a different set of assumptions.
- kbenson 3y agoOkay, but I'm not sure they're wrong assumptions, because I don't know how UBI could not be government based, and I haven't seen any explanations challenging it. Either it needs to be government based, in which case I think some third party service explaining how they are helping to enable it by providing identifiability is subject to the criticisms I've laid out, or it doesn't need to be through the government, in which case I'm honestly curious as to any explanations from anyone of how that works.
- sdenton4 3y agoExpanding the comment here: https://news.ycombinator.com/item?id=37037606 https://news.ycombinator.com/item?id=37037606 Cryptocurrency systems proposed ways to handle the creation and management of monetary systems without government involvement. The implementation of such systems is open to definition by the designers of the system, and is extremely fluid. Most cryptocurrencies chose to go with the bitcoin model, which encouraged speculation and early buy-in, but fails like ~waves at the cryptocurrency space in 2023~. So, here you go: Set up a system which creates and destroys tokens programatically. Tokens are created uniformly over all user accounts, and destroyed in each account proportional to the amount already in the account. This handles the wealth-redistribution function of taxation, and allows control of the total number of tokens to prevent inflationary spiraling over time. A prime difficulty is assigning accounts. FWIW, AuroraCoin did /something/ like this in Iceland, using Icelandic identity cards for identifiability, but didn't destroy tokens: https://www.investopedia.com/terms/a/auroracoin.asp#toc-history-of-auroracoin https://www.investopedia.com/terms/a/auroracoin.asp#toc-hist...
- kbenson 3y agoThe distribution portion of UBI is the least interesting from a theoretical and technical standpoint. Giving money to people is easy, and a solved problem, which is basically what I've been saying. Funding that money is the hard part, and the portion that basically requires a government because it's likely to be taxation that does it. Some crypto company trying to help enable UBI by solving the identifiability and distribution problem is like some artist trying to help build a car by offering to find the right shape for the wheels, and then using the fact they offered in promoting themselves. Thanks, but really, you aren't offering much, pretty sure we're already going with "round". That, in a nutshell, is what I've been trying to express. I think they just attached themselves to UBI as a buzzword to sound better, when really their change of usefully being involved in a real UBI implementation is likely close to zero because it makes no sense for them to be involved in any feasible plan that could move forward. It's no different than if they said they were going to help enable people to pay taxes (except in negative connotation instead of a positive one). The portion of the problem they'd be helping with is a mostly solved problem, so what are they really offering that's likely to be of use? If it's extremely unlikely they'll be used for whatever reason in the problem space they're advertising themselves in, what's their reason for doing so, to actually advertise their intent or to associate themselves with something? > This handles the wealth-redistribution function of taxation, and allows control of the total number of tokens to prevent inflationary spiraling over time. A prime difficulty is assigning accounts. That's a prime difficulty of a cryptocoin, not of a government entity dealing with its citizens. Again, I'll note, in UBI the actual distribution of funds is so simple and solved as to be inconsequential. Who to give money to and how much are the main things to work out on the distribution side, and are entirely policy based, and thus no blockchain product is going to help.
- sdenton4 3y agoOTOH, the impossibility of getting UBI on the government side is actually motivating adoption: sure, you've got a central identity repository, etc, but it will never happen in our lifetime (in the US) if you need 60 senators to vote for it... This is, IMO, basically insurmountable - we've seen governments toying with UBI but I seriously doubt we'll see any government pull the trigger in any reasonable timeframe.