UBI

xander1421

so all we will do is get our daily sats from the UBI and gamble them to get more food. start taking notes boys

Much-Egg7130

Hey, so I created a little wrapper around Lichess, in which users can stake come CRC (which is a UBI-flavoured crypto token on Gnosis Chain). The point is that users can create these CRC at a rate of 1 CRC per hour and they're unique to each user, so it's not really about making money or incentivising cheating, it's about collecting your friends CRC as "trophies". Check it out: The crypto part is really abstracted, you create a passkey and the gas fees are relayed so you basically just sign with your faceid or password manager. . Link to the app: [https://circles.gnosis.io/miniapps/stakemate](https://circles.gnosis.io/miniapps/stakemate) Link to the announcement reddit: [https://www.reddit.com/r/lichess/comments/1u28usq/stakemate\_a\_wrapper\_around\_lichess\_challenges/](https://www.reddit.com/r/lichess/comments/1u28usq/stakemate_a_wrapper_around_lichess_challenges/)

JEI2E

You get downvoted for this on a subreddit about a digital SCARCE currency, how ironic is that? You're absolutely right that UBI is a recipe for disaster and we'll literally get hyperinflation because of it. But hey, let the socialists and communists of this sub dream, I guess...

Spirited-Birthday-20

UBI sounds like free money until your spending gets nudged by programmable CBDCs...Feels like the ultimate carrot and stick system...How long until refusing UBI flags you as a risk in the social credit game man?

lexicon_riot

The funny thing about a UBI as well is that it barely helps the intended target anyways. It just gets vacuumed up in land value and rental costs. People will enjoy UBI for about five seconds, then watch the price of everything go up, and then fight ruthlessly to keep / expand it, and so on.

IceSea192

Whales like Saylor just have heavy bags, they don't have admin keys. He can't freeze my hardware wallet, censor my txs, or change the supply. With UBI, the issuer literally holds an "off" switch for your money. That's the difference. And about there being no escape—yeah, crypto won't save you if you can't feed yourself. That's why the physical baseline (food/water/shelter) has to be built first.

IceSea192

Small pilot programs with existing fiat are completely different from a permanent national UBI running on programmable CBDCs. The danger isn't the welfare itself; it's the mechanism. When your "income" is a smart contract that dictates where, when, and on what you can spend it, it's not money anymore. It's a digital leash.

Physical-Profit9447

How something owned by institutions and whales like Saylor is better than UBI? I can understand and relate the fear of digital money since digital money can be used as a way of control but your way of escape does not make sense to me. In that future, there wont be an escape.

CiaranCarroll

UBI fails everywhere it is tried, because every trial "isn't real UBI" definitionally. Proponents of UBI don't even agree on what flavour of UBI they want, so the path of least resistance is always Participation Income.

Just_Bluebird_5268

brain worms from the "all tax is theft" crowd. UBI works everywhere it is tried. we live in a society

soundlogicio

Sorry for the slow reply. I think it will be deflationary because AI (and AI driven robotic automation) will simultaneously make production cheaper while also reducing average income due to a collapse of the job market. If the government compensates with UBI that could counterbalance it to some degree but the government will only UBI so much as is necessary for humane survival (read: prevent a violent revolution) which should auto tune to the cost of goods.

SeriousGains

Just wait for UBI and hyperinflation of the USD. It’s coming.

mikitu

"In the current rightward tilt across the world, I can't imagine a single government actually working towards UBI. They are too busy feeding all our resources to the rich to bother with even the appearance of doing anything for the general population." You must not know of Europe. Radical left wing policies feeding massive welfare schemes are basically creating a majority left electorate and traping goverments in left leaning policies to even get to power, and when in power no welfare reforms are possible as this is affects the biggest voting group. If you add to that the "wealth taxes" the unrealised gains taxes driving away the "the rich", it is becoming a race to the bottom. We have seen this before and know how it ends.

IceSea192

Feudal lords absolutely provided their serfs with a baseline caloric allowance and a hovel on the estate. It wasn't charity; it was the minimum viable maintenance required to keep the labor force alive and prevent revolts, while mathematically ensuring they never acquired enough capital to buy their own land. UBI is simply the digital, automated version of the serf's ration. As for your second point: assuming you will have "other money" implies you believe your labor will remain highly valued and immune to inflation in an economy actively transitioning to AI and structural automation. UBI is being designed for the masses who will be permanently priced out of the labor market and have their purchasing power inflated away. If you are willing to surrender your financial sovereignty and submit to a programmable state ledger just so you can consume "fun things," you are precisely the compliant demographic this architecture is built for.

IceSea192

The link between CBDCs and programmability (smart contracts) isn’t speculation—it is actively outlined by central banks.For instance, the Bank of England’s discussion papers on the digital pound explicitly explore "purpose-bound money" and programmable functions. Similarly, the Bank for International Settlements (BIS) has published extensive work on "unified ledgers" where smart contracts handle compliance and conditionality automatically. Regarding widespread implementation: look at the Eurozone's digital euro project, which is already past the investigation phase, or China's digital yuan, which has already been used to pay public servants and has built-in expiry and parameter features during its ongoing rollouts. The political alignment comes from efficiency, not charity. Governments aren't pushing UBI out of benevolence; they are looking at structural automation and crisis-management tools (like the automated stimulus tracking seen during lockdowns, but upgraded to digital rails). When state benefits or pension frameworks inevitably migrate onto these new turnkey CBDC systems under the guise of reducing administrative costs, the infrastructure for a conditional, programmable allowance is officially live.

originofspices

A lot of claims with nothing to back them up. - Who is working on making UBI a thing in any country? There have been sporadic trials around the world limited to a few towns/villages, but no government is talking about widespread implementation. Please cite. - In the current rightward tilt across the world, I can't imagine a single government actually working towards UBI. They are too busy feeding all our resources to the rich to bother with even the appearance of doing anything for the general population. - What CBDCs are being built with smart contracts? What is the link between UBI and CBDCs? You stated it is a "digital allowance" but again, please cite.

BitcoinBaller420

a note to the zeitgeist... days like this can feel down, when nobody wants to hear what you have to say even though it's not that much different than yesterday when they loved it. I finally got around to looking at the liquidity today. WSJ says everybody finally realized the Strait is still closed? lol ok. I see buying opportunity across the board, but especially in Bitcoin. Why? Because rates will fall, UBI will come, printing presses will come, and Bitcoin will benefit the most from the global realization that US retail is not the foundation for Bitcoin's support any more. Strategy / credit market buying is big deal that will be more than obvious in a year. I like my position, I like my trade, I like my execution decisions. I am surprised at the STRK selloff, I'll need to think about that some more (if there is anything to find, random walks are random at times) but from a fair value perspective, I just hold and consider buying more. It's just an even more incredible deal today as Mr. Market is clearly drunk again. Tomorrow is another day.

agMu9

1. AI is taking away white-collar jobs and will continue to do so. 2. Robots are taking away blue-collar jobs and will continue to do so. 3. UBI will be implemented. 4. Inflation caused by UBI will offset the deflation caused by AI and robots. 5. When 90% of the population is unemployed and relying solely on UBI, GameFi will gain popularity.

thenightisdark

Premise: the United States of America can afford to use %3 GDP on ubi The United States could potentially afford a Universal Basic Income (UBI), but doing so would require a significant overhaul of the current fiscal system. While the gross cost for a $1,000 monthly payment to every adult is estimated at roughly $3.1 trillion to $4 trillion annually, economists argue the net cost—the actual new revenue needed after accounting for taxes and replaced social programs—could be closer to $539 billion to $784 billion (approximately 3% of GDP). 

george420

TBF the reverse is true, Redditors lose their minds when Musk proposes but coming from Mamdani or AOC would think it's a great idea. Anyways some form of UBI becomes inevitable if the current trajectory of layoffs and automation continue. It becomes all about execution.

0Bubs0

No the trouble with UBI is that landlords and sellers of real estate, food and other consumer products will adjust their prices upwards to account for the extra cash everyone now has. Oh $1000/mo UBI? Rent just went up $800/mo.

SevereSignificance81

We live in a post-material world where scarcity and rank matters more. In a world with UBI people will fight tooth and nail over the beach front housing and the ability to sit closer to the front of the plane.

Ap3X_GunT3R

I think you should check the comment you originally replied too. The original comment clearly states Elon is weaponizing the topic of UBI in an attempt to slow his competitors. Your reply is a “how does UBI slow down competitors”? Your replies (intent or not) attempts at removing Elon from the equation. That is disingenuous as the original comment implies Elon is the problem not that UBI is the problem. My comment attempts to tie his comment to yours by bringing Elon back into the topic at hand. “Elons call for UBI will most likely came with a call for AI training delays”

PrimeIntellect

I mean, we don't even have universal healthcare or higher education yet, like not even close, we are so far away from UBI lol

FrenchieChase

Any proposals for UBI meant to offset job losses from AI will almost certainly include stipulations that the income will be paid for by AI companies in the form of taxes. The most successful ones would be taxed the hardest. Ergo, OpenAI, Alphabet, and Anthropic (his biggest western competitors) would be taxed more.

FrenchieChase

Any proposals for UBI meant to offset job losses from AI will almost certainly include stipulations that the income will be paid for by AI companies.

phincster

He’s always been a proponent of UBI. This is probably just some lame rebranding of it to make it sound like a different idea.

Ap3X_GunT3R

You’re saying it’s disingenuous to say Elon’s call for a UBI system is connected to his call for AI training to be halted?

WestBrink

He says, desperately hoping that people will buy the idea that UBI is just around the corner so the poors don't eat him before he can bail for Mars...

Bananas_Worth

That is so disingenuous what you just did. **this** is option B > Say everyone needs to stop advancing their models until UBI is setup and ready to go. I said no one is saying this. You gave a source about Elon signing a letter to temporarily stop AI research for fear of AI takeover. **Notice how there is no mention of UBI because these are distinctly separate issues.** Any lines you have drawn so far between UBI and stopping AI research has been fabrication.

IIIllIIlllIlII

UBI is essentially the same as an unemployment benefit or pension payment. Do these people that advocate for UBI also advocate for reducing the retirement age, or extending unemployment benefits for those out of work as a result of AI? That’s a big fat nope.

jcb193

UBI is the stupidest thing I’ve ever heard of in my entire life. Even if the government and corporations went for it, which they won’t, all it’s going to do is create massive inflationary pricing. Look what happened to our economy with just one or two Covid checks to each person.

steepleton

the trouble with a UBI is your income comes from a single point of failure. you get a president like trump who starts pulling levers to halt payments to anyone who says something he doesn't like. it'll be just as bad as companies holding your family health insurance hostage

Bananas_Worth

This is where you are getting confused - he is not saving lives with UBI, UBI is saving lives. This world isn’t revolving around Elon like you make it sound.

Ap3X_GunT3R

A. Call for UBI B. Say everyone needs to stop advancing their models until UBI is setup and ready to go. C. Don’t stop advancing your model anyways Not even trying to hate, but what’s the confusing sort? Genuinely asking

peppaz

Theoretical thing vs people actually died already from his direct influence on government policy. He would have to save a hundred thousand lives with UBI to make up for the deaths he already caused. When that happens, I'll come back and give you reddit silver

Bananas_Worth

I didn’t ask if we have it yet. You said: > saving lives lmao As if UBI wouldn’t do this or that it doesn’t matter.

Bananas_Worth

You don’t think UBI will save lives?

AVoidling

The tech bros will own all of the food and the UBI so you'll have to be subservient to them in order to get your crumbs you will be a walking data slave and if you step out of line good luck

peppaz

I'm all for UBI. It's just hilarious the world's most conservative maga billionaire also wants to give free money to people.

sobi-one

It doesn’t. This is Reddit hive mind at work. Musk has turned into a disgusting human, but the fact of the matter is that a high UBI does nothing to slow his competition, and if the numbers worked on something like that, would have the same effect on any and all AI companies. Honestly, it’s where things would sort of need to go anyway.

Bananas_Worth

> Most likely his call for UBI will come will include a call for everyone to stop training their models during this time. Can you please explain how this would work in any world? How does this make sense?

zendrumz

Because there’s literally no other way to implement UBI in this context. If AI is going to put hundreds of millions of people out of work, and all future revenue will accrue to the few AI firms who have cornered the market, and the corporations who radically improve their productivity by firing everyone and replacing them with LLMs, then thats where the revenue will come from. Where else is it going to come from?

Ap3X_GunT3R

Elon has made a few attempts to slow down his competition already. Most likely his call for UBI will come will include a call for everyone to stop training their models during this time.

Bananas_Worth

How does UBI slow down competitors?

Ninjanoel

Cryptocurrencies are decentralised versions of things government or centralised institutions traditionally operated. Also, cryptocurrencies are global, which government do you think should administer UBI? How is cryptocurrencies not PERFECT for providing UBI!?!?! like wtf are you a crypto miner or something? in the future when cryptocurrency is ubiquitous in our society, why SHOULDN'T we 'tax' (would have to be enforced at Blockchain level and hence not involving government or anything) crypto transactions? If 10% of cryptocurrency's fees could be left to accumulate until the proceeds of that fund could be used to pay UBI, then EVERYONE benefits and a handful of miners in a new incredibly successful industry make slightly less money. Please explain your objections to that.

Competitive_Swan_755

Dumb take. What is it crypto's responsibility to fund UBI?

Ninjanoel

I think UBI should be partly funded by cryptocurrency transaction fees. Imagine if Ethereum said "any unique person" with an onchain identity will receive UBI funded by taxing Ethereum transactions, I think by the next day they'd have 8 billion onchain users 😂

29da65cff1fa

this should not be controversial... 90% of this sub is broke-ass, holding less than 0.01 btc, fantasizing about $1B bitcoin... none of ya'll are going to be hit with a wealth tax... that's pure hopium. you've all got the "temporarily embarrassed millionaire" syndrome... take your fiat UBI, save in BTC

ElkInteresting2418

Everyone will get a free apartment, courtesy of the Rotschilds, but no UBI

forsayken

Because one day some of us think we'll be billionaires and don't want to get taxed. I support UBI. It's nuanced support but some kind of baseline income for everyone to live a decent life with all their base needs met is worth the taxation on those that can afford it.

Conflictingview

Why wouldn't we like taxing the wealthy and providing UBI?

Pyryn

Absolute facts. AI/ASI: •Could: create genuine utopia on Earth; end war, disease, famine, provide high UBI, propel us into the stars! •In actuality: likely going to result in technofeudalist society, where the wealthy have extreme and excess access to the greatest of all things - while people simultaneously starve in the streets in increasingly higher numbers.

DeadL

> Another concern is wealth taxes. I believe these are coming in varying shapes and sizes and will only get worse. > Many are broke and AI will accelerate that. Socialism/UBI/printing will get more popular. They will vote for it. So, you're saying society will determine that it needs wealth tax to solve big problems with wealth inequality and that it's bad because you theoretically might be affected? Citizen of the year over here. :P

harvested

Which side of this do you think the majority is on? Many are broke and AI will accelerate that. Socialism/UBI/printing will get more popular. They will vote for it.

ethbytes

A pro COULD be the issuance of UBI Universal Basic Income, which is essentially the carrot to pull the masses into the CBDC prison. A con not mentioned so far is expiring monies, you have to spend CBDC in a certain time or it is gone, no saving for a rainy day or retirement (not that will be a thing once you are of no use it's assisted self deletion time)...

polymath_uk

Fair point. The topic is really about UBI which is a valid concern for the current paradigm.

aaj094

A UBI society can only be provided fiat by the govt and not Bitcoin. Act accordingly.

Vancecookcobain

There are only 2 ways crypto have mass adoption. 1. A UBI coin that somehow solves the Sybil attack and allows for individuals to have new coins minted in their wallet at every set interval (nobody is going to say no to money) 2. Governments start issuing their own backed cryptos That's it. It's not coming from any other project or idea lol. Crypto is the best hedge against infinite money printing. It will always be undefeated in beating inflation over the long term. It isn't going to be tender at your gas station though

TechnologyMinute2714

First of all sir this is a Wendy's, why the fuck are we talking about this in BTC subreddit, secondly even if it doesnt take 5 years and take 7 years it seems inevitable at this trajectory that such job losses will incur, instead of trying to pacify people or comfort people we should even put more fuel into the fire so that when that inevitable time comes those people aren't left to rot but instead with correct policies taken care of like UBI etc.

Vancecookcobain

Yes it needs to solve the Sybil attack problem because the only thing that is going to truly save crypto is going to be a UBI coin that doesn't force you to go somewhere to scan your face

thisnameisnowmine

If you guys don’t buy this dip, you’re all gonna be eating Ramen noodles on your UBI for decades

heisenbugz

Unless people leave it for some other more feature rich currency (like a community funded UBI option). Which I imagine is inevitable in tech. BTC could remain the reserve currency though; depending on # engaged participants.

SeriousGains

Why would they need to ban Bitcoin to force us on a CBDC? In my mind it’s all tied to how government payment like UBI will be introduced over the next decade. Tokenization of the USD is inevitable.

LSI1980

So, its great and all that is a poor choice from a purely rational standpoint, metrics in mind, you could also take X from that 1000 to invest it every time. You will probably not earn as much long term (assuming moderate success on investments), but there is something to say to have a form of a UBI and use it however your needs are (be it groceries or a new promising stock/coin). Still, the alternative is much better, but not everyone is a financial genius

d8_thc

UBI with infinite strings attached (think: protein must be tofu).

lowprofitmargin

Physical Public Money (notes & coins) is not digital & Digital Private Money (money held at your commercial bank) is not physical. Only central banks can issue Physical Public Money (notes & coins). Money that the public hold at their commercial bank is Digital Private Money. The Central Banks want to ~~replace~~ supplement "*Physical"* Public Money with "*Digital*" Public Money aka The CBDC. If Governments and their Central Bank ever decide UBI is to be issued, I think the CBDC would provide the payment rail...

FocusDreams

There will always be a need for very large quantities of energy to be distributed across the world. UBI will not allow that accounting to be made.

Merkava18

UBI coming…

tupidataba

Great, from the same creators of the DAO Legislation! And I think they not consider Worldcoin monthly rewards for unique humans identified as UBI too.

DJ_Beardsquirt

I haven't had a chance to read the article yet, but the headline is wrong. There were previously coins they attempted to provide a UBI. I think $DRIP is the one I'm thinking of.

coinfeeds-bot

tldr; The Marshall Islands has launched the world's first universal basic income (UBI) scheme offering payments via cryptocurrency or traditional methods. Every resident citizen receives $200 quarterly, funded by a U.S. trust compensating for nuclear testing. The program aims to ease living costs and includes a blockchain-based digital wallet option for remote areas. While innovative, experts highlight challenges like internet connectivity and financial risks. Most recipients prefer conventional payment methods, with only a few opting for cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

FearMyCock

The Marshall Islands has launched the world’s first national universal basic income (UBI) scheme that offers cryptocurrency as a payment option. Every citizen is entitled to roughly $200 every three months, delivered either through traditional methods (bank transfer or cheque) or via a government-backed digital currency. The crypto option is designed to reach people on remote islands with limited banking access, but uptake has been modest due to patchy internet and smartphone access. Supporters see it as a bold experiment in modern welfare delivery, while critics question scalability, infrastructure limits, and long-term sustainability.

coinfeeds-bot

tldr; The Republic of the Marshall Islands has executed the world's first on-chain universal basic income (UBI) payout using a digitally native sovereign bond, USDM1, issued on the Stellar blockchain. This initiative, part of the ENRA program, addresses financial exclusion and logistical challenges in the dispersed atolls of the Marshall Islands. The program uses a custom-built digital wallet, Lomalo, for transparent and instant fund distribution, benefiting over 33,000 citizens. It serves as a model for blockchain-based public finance in small economies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Kind_Soup_9753

We will have to build castles somehow. The rest will likely be on UBI living in high density housing eating lab grown meat having their carbon foot print taxed and only allowed minimal travel. Thank Ai for that. And get some sats if you have not yet.

Kind_Soup_9753

This is not going to age well. Hopefully you can grow out of that mind set or it’s UBI for you.

Kind_Soup_9753

Enjoy UBI.

AutoModerator

Post is by: jampur_alburo and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pjn0sw/help_propagate_the_orange_seed_calling_for_holders/ I'm convinced that Bitcoin is the hegelian synthesis (thesis capitalism - antithesis communism) for Bitcoin's mass adoption (maximalism) we need to stop accumulating and begin the process of energy flow in a closed system (equilibrium in thermdynamics). Its immperative to stop using Bitcoin for speculation, we must used it for its original purpose (commerce). This way a new econommic system can born and wealth (social energy) redistribution can occur. This process begins with the simplest gesture: giving away SATS to common workers. Not as an investment, but as a gateway to a new monetary paradigm (the medium is the message). My idea was to try this alone in a little brazilian town, and explain to the newbeies it should be used only for buying goods or services (not sell for usd). But since I myself dont have much SATS and cannot find a way to take more loans I believed maybe other holders could join forces and help with the experiment. If we have success maybe UBI could happen in the next years. And we could begin decarbonizing the energy grid with Bitcoin leverage. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

k8s-problem-solved

Nothing will have value in 2040. We'll all be on UBI and your magic Internet money will just be a mathematically interesting footnote in history.

Jonyesh-2356

Yea that’s the curve ball. With AI , market can be flooded with goods with cheap labour. Govts might hv to come up with UHI or UBI. At that point work itself is optional 😉

Financial_Clue_2534

I have no idea on the timeline 12-16 years seems like a long time. Bitcoin has been around for 17 years and touched 126k. Thats less than a 10x move where we have another halving in ‘28 by then I would assume a number of “clarity” laws would have passed in different rich countries. I would guess 2030s going into the ‘32 halving. I think a lot depends on this recession we are in how much money will it take to fix the system when it breaks. AI will displace a lot of jobs thus government subsidies will need to occur (UBI).

RandomJoe7

These UBI tests are always pointless. If someone suddenly gets X amount per month for free, then it's basically the same as those typical lottery winners. What do you think they're going to do with it? Exactly, they're just going to either 1) save it or 2) spend it. Wow, so revolutionary! And you can bet your ass nobody will quit their day jobs because they're now getting X amount for free for X amount of time. These tests (I mean this one is just a marketing stunt anyways, but "real" tests have been done) are so meaningless. The recipients will obviously say "wow, this made my life so much better, so much more comfortable etc"... (who would have thought), but it will never show the real economic impact it would have if everyone received a UBI.... how it would be funded... what the psychological long term effects on recipients would be... etc...

KidNamedMolly

UBI is when a company randomly decides to give 160 people some money. Lol

elementofpee

Then don’t call it “universal” basic income. Means tested distribution is not UBI.

ucfgavin

There is no such thing as "UBI" unless it's literally universal. This is just giving someone a $12k lottery ticket.

trustmedude913

Yeah, right. This UBI is such a failure, bunch of nonsense. They should have split that equally and have equal sum go to billionaires too, not only low income. Must be that they didn't know what U stands for in UBI, but luckily your comment here should enlighten them and teach them for the next time.

brobits

stupid as fuck and a waste of money. much better UBI ideas—in coinbase’s defense, most of which are an equally or worse waste of money—but a stupid premise nonetheless.

IWTLEverything

If it’s for low income, it’s not UBI. U = Universal and it’s supposed to go to everyone.

triplegerms

This feels dumb. They want to test how people spend UBI if it's given in crypto instead of cash. Since you selected people near the poverty line, and this is just a crazy guess, they are going to immediately turn it into cash to pay for bills/rent/food/up coming holiday. Like what else could be the outcome. I'm happy for the random people getting a piece of coinbase's money, but the study itself doesn't seem productive. 

akilla_bk

Coinbase is trialing a private UBI program?

coinfeeds-bot

tldr; Coinbase has initiated a crypto-based universal basic income (UBI) pilot in New York City, distributing $12,000 in USDC to 160 residents over five months. Participants receive $800 monthly payments and a one-time $8,000 lump sum. The program, funded by Coinbase's donation to a nonprofit, aims to test the effectiveness of crypto payments in low-income areas like the South Bronx and East Harlem. The pilot explores how digital wallets and lump sums impact financial behavior compared to traditional banking methods. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

FreeBoss2824

They're gonna print their way out for now, transition to CBDC, implement UBI as AI demolishes the labor market and knowledge capital. What, how, and when you buy will be controlled, and BTC will be the only vehicle to sovereignty. Buy Bitcoin. It's inter-generational pristine capital that's finite. You should now be thinking about things like legacy, inheritance, anti-coercion features to fight duress/thieves, and the Bitcoin quantum threat. UnoLock is the way (disclosure: I'm associated with them). Once the control mechanisms are in place, we'll have very few pathways to break them. Bitcoin is one of them. Maybe the only one that matters. In 50 years, explaining infinite money printing to kids will be like explaining why doctors used to prescribe cigarettes for asthma.

harvested

You're missing the big picture here. When AI replaces jobs, especially white collar, mortgages don't get paid, banks are stressed and begin to fail. UBI needs to be introduced. Social programs. People will vote for all this because they have no option. The amount of government stimulus required is going to be insane. Wealth taxes will be introduced, etc. Scarce assets are going to be the most valuable because fiat will be worthless, and AI and robotics will assist in making everything else more abundant. The big bubble isn't AI valuations, it's human labor.

harvested

You have part of it right but you're missing the big picture here. When this happens, mortgages don't get paid, banks are stressed and begin to fail. UBI needs to be introduced. Social programs. People will vote for all this because they have no option. The amount of government stimulus required is going to be insane. Wealth taxes will be introduced, etc. Scarce assets are going to be the most valuable because fiat will be worthless, and AI and robotics will assist in making everything else become less scarce.

coinfeeds-bot

tldr; The Republic of the Marshall Islands has launched a Universal Basic Income (UBI) program using a government-issued digital wallet called Lomalo. This wallet utilizes the US dollar-pegged stablecoin USDM1, allowing citizens to access funds through digital means, physical checks, or direct deposits. The first disbursement is set for late November. The initiative aims to strengthen financial systems and ensure inclusivity, despite concerns from the IMF about potential risks associated with the program and the use of the USDM1 stablecoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

harvested

That's the broad thesis, yeah. People are going to be voting for UBI, stimulus, wealth taxes, socialism, communism, etc.

SnowImportant4517

Or... hear me out: By 2030 we're all on UBI eating soylent rations. And only those with a few sats to spare can buy tobacco, liquor and chocolate from your local smuggler, we'll be fighting for scraps !

wainbros66

Obviously it’s better than not having it (if we’re in a situation where AI renders it necessary) but let’s not be delusional here. If you’re relying solely on UBI, you’re going to have a very minimal lifestyle

HawkEy3

Implying UBI is something bad? 

echino_derm

I don't believe in UBI funded by illegal taxes that are likely to get overturned unless you believe there is a valid national emergency with Brazil that is remedied by beef taxes.