by Will Wachtmeister | Jun 19, 2015 | News
From https://groupcurrency.org/#Sybil
Online magazine Vice runs an in-depth article about the potential of cryptocurrencies to provide basic income platforms through so-called group-currency initiatives. Cryptocurrency is diversifying so much you can even use it on online gambling sites now, and there is even a number of specialist bitcoin Casino options around that accept this, and many other forms of, cryptocurrency. Bitcoin offers users a sense of anonymity and privacy during transactions that certainly appeals to those who use it, including gamblers. When it comes to choosing the perfect casino for you, find out the answer to the question Does the FunFair protocol offer more value for all parties than Bitcoin? to see which is best to use.
Journalist Nathan Schneider’s article provides a run-down of new basic income initiatives using Bitcoin and other online currencies and discusses their inherent advantages such as voluntary participation, low transaction costs and the bypassing of the traditional political system. Bitcoin is the go to cryptocurrency, find out why at Bitcoin Australia.
After the article, you may want to take a look at Bitcoin Revolution, a German bitcoin trader who can help you get started.
The author also offers thoughts on how to overcome pitfalls of the cryptocurrency approach, including the risks posed by so-called Sybil attacks and pump-and-dump schemes.
Nathan Schneider “The Cryptocurrency-Based Projects That Would Pay Everyone Just for Being Alive.” Vice, May 29, 2015
by Guest Contributor | Oct 13, 2020 | Opinion
Rampant disparities within the capital/labor share, increased pressure on climatically vulnerable communities and mass international migration due to economic hardship or violence. All that without mentioning the ever-haunting specter of automation-induced unemployment and, finally, the outbreak of a world-reaching pandemic: these are some of the ongoing cataclysmic trends that are making an ever increasing number of academics, policymakers and multilateral organizations revisit the adoption of Universal Basic Income (UBI) models. The idea of furnishing guaranteed, unconditional and universal basic income for people within an assigned geographical locality – and potentially the entire globe – has ebbed and flown from the pages of authors of all walks of the political spectrum for over two centuries. It appears, though, that such an idea is regaining momentum at this point in history, a somewhat unexpected moment, given the worldwide rise of nationalistic and illiberalism worldviews. The ambition of this proposal is not to promote an exhaustive comparative assessment of competing proposals currently taking place – or being aspired at – around the world. Instead, this working paper stands as an introductory effort to be followed by a more robust case study of existing schemes, which should bind them under the theories of Multipolarity. This proposal launches the cornerstone of a debate assessing the concrete costs and political coordination challenges that are likely to arise in a scenario of massive and ideally genuine universal effort to start or scale-up existing UBI initiatives through the deployment of digital financing techniques, including its most disruptive variations such as cryptocurrencies.
See the full text here
Written by: Julio Lucchesi Moraes and Carlos Freire
Related article by Daniel Mermelstein: Basic Income and cryptocurrency
by Basic Income Earth Network | Apr 21, 2020
BIEN | Research Index Research Posts Research index Congress papers Research depository [ a ] anarchismin our siteacademic papers anthropologyin our siteacademic papers automationin our site academic papersthe BIS papers[ b...
by Faun Rice | May 22, 2019 | News
Yoni Assia. Picture credit to: CCN
The recent international basic income conference “Visions for a Brighter Future,” UBI-Nordic 2019 was held in Oslo from April 5–7; at it, Nir Yaacobi and Gilad Barner became the first representatives of a universal basic income (UBI)-related blockchain project to present at a UBI conference. Their not-for-profit research organization, GoodDollar, aims to develop an open-source method for implementing UBI through blockchain. Blockchain technology was popularized by cryptocurrencies, but is, in general terms, a distributed ledger (i.e., a database hosted by numerous servers rather than one central authority) where all transactions are verified publicly, rather than being controlled by a single administrator. Blockchain protocols can allow for the execution of smart contracts, or an encoded agreement that auto-executes once its terms are fulfilled. Due to the nature of the type of encryption that blockchain uses, each encrypted transaction includes information from the one that occurs before it, making transactions, once verified, theoretically impossible to change or erase. Some blockchain projects, like GoodDollar, aim to eventually create Decentralized Autonomous Organizations (DAOs) that eschew classical governance for a public, distributed, social and financial system based on blockchain.
The idea of GoodDollar was born over ten years ago in a paper called “The Visible Hand,” which outlined a framework for a monetary system where smaller investments are granted the same interest rates as larger ones in order to combat extreme wealth inequality. The organization’s current mission is to “build open-source solutions for efficient allocation of resources according to principles informed by research on UBI and related policy proposals.”
Other UBI-related blockchain and cryptocurrency initiatives reported by Basic Income News have included SwiftDemand, Grantcoin, and a BitNation exploration of the concept of UBI and cryptocurrency.
More information at:
Yoni Assia and Omri Ross, “Good Dollar Experiment: Wealth Distribution Position Paper,” July 11th 2018
Yoni Assia, “Good Dollar – The Visible Hand,” November 28th 2008
Cameron McLeod, “BitNation: Recent Advances in Cryptocurrency See Basic Income Tested,” March 30th 2017
UBI-Nordic, “Basic Income: ‘Visions for a Brighter Future’ UBI-Nordic 2019—Oslo, April 5–7”, Accessed May 13th 2019
