Reddit Posts
Possible scenario for bitcoin in a world dominated with LLM and AGI
Crypto with Auto redistribution (tax)(UBI) built-in
With the exception of 'The Bitcoin Time Traveler' and '1 Bitcoin Will Be Worth 100 million dollars, what are some wildest Bitcoin predictions and speculation you've heard or have for Bitcoin in 10 years? My theory below.
The CBDC Shift: Your Money Will Never Be the Same - While We've Been Occupied with Wars, They've Been Doing This!
Using CBDC’s and UBI to capture public opinion
Government Bribery: Using CBDC’s and UBI to capture public opinion
Creating and managing large numbers of crypto accounts
How Governments may use CBDC’s and UBI to capture public opinion
Elon Musk and Chat GPT Founder, Sam Altman are in a battle to be the next Crypto financial giant.
Proof of personhood coins up 100-1000% in 24h thanks to WorldCoin launch and Vitalik's mentions
How the USA people got screwed, and why we need crypto
Government Bribery: Using CBDC’s and UBI to capture public opinion
AI and Proof of Stake’s role in Governments bribing citizens to use their CBDC’s using Universal Basic Income
A new city-state constitution which has: 0% income tax, 0% payroll tax, $360 age-based UBI, Banned landlords, direct democracy, 0% inflation.....with the ultimate goal of enabling a 3 day work week and retirement at 45. The goal is to manifest a new city via the crypto community:
What if Universal Basic Income was somehow implemented with Crypto?
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
What is the relation between AI , the universal basic income and crypto ? A forcasting attempt
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
Proof of Stake, AI, CBDC’s and the bribery of Governments using Universal Basic Income
We are living in the future. Please read and let me know what you think.
Income Movement Rightfulshare Launched 'First Unconditional' Crypto UBI in South Africa
Crypto Currency of the future...applying the "Gold Standard" to a Crypto Currency
Review of the Proof-of-Humanity UBI Token Smart Contract
Smart Contract Review of the POH UBI Token. What we found?
Smart Contract Review of the POH UBI Token. What we found?
Android crypto apps which you can use to earn "free" crypto
Staking your Crypto is like getting a Universal Basic Income (UBI)
Andrew Yang Thinks More People Would Volunteer if You Give Them Crypto
CMV: Gas fees are equivalent to taxes, and if the government adopted a transparent blockchain-based cryptocurrency DAO we could eliminate taxes and fund government services through a crypto standard.
Does anyone want CBDC to be a thing? Why if so?
Could GoodDollar be Crypto's answer to UBI, with Yoni Assia, eToro CEO
[QUESTION] What establishes digital currency value in a post-labor economy?
Universal Basic Income - free to claim for everyone V.B supported
While most P2E games have a degree of ponzinomics, the crypto running app Stepn is the best thing I have seen in crypto in 9 years.
Has anyone else notice "invest only what you can afford to lose" is 100% overlooked everywhere else other than crypto and stock market
New UBI Token Launching in a few days
Anyone have personal experience in using Osiris blockchain-based browser and its features?
Possible gas stimulus money coming. I wonder if we will see another boost in crypto
NFTs are a backwards investment. Prove me wrong.
A model for a decentralized peer-to-peer web3 crypto-economy.
How is organized crime going to survive when CBDC come in play?
Did stimulus checks really change the market
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking | Crypto News | 05/02/22
Jack Dorsey Backs Bitcoin-powered Universal Basic Income (UBI) Strategy
Jack Dorsey Backs Bitcoin-powered Universal Basic Income (UBI) Strategy
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking
Crypto Renaissance - How We Are Building The Future Of Finance
How to influence what the Fed Reserve does with CBDC and how they see it
Cryptocurrency’s Achilles heel isn’t security it’s the legal system.
Want some outside perspective on a low cap coin I want to incest in
Amir Taaki from DarkFi in October 2021 - The Coming Storm
Your government begins paying citizens 25% of the average monthly income (~$650 in USA) in BTC. What do you do?
Crypto crystal ball: How incorporated do you think crypto and decentralized tech will be in your life in 10-20 years from now?
Mentions
This guys outlook on the future is so bad, it is only overshadowed by his lack of understanding on how AI, peripheral to neuron interaction, and UBI work. It’s just a words salad from a guy who thinks he was smart for getting in early.
I get the frustration, but saying “nobody is using crypto outside the crypto world” is just not true anymore. Look at Worldcoin (WLD), love it or hate it, it’s one of the few projects actively being used by people who don’t even know what crypto is. Millions verified via World ID, used for real world identity, UBI trials, and even getting attention from governments. It’s not just vaporware. It’s infrastructure. Sure, there’s a lot of trash out there but lumping everything into the same “dead” bucket ignores the few outliers actually building.
Yeah with fednow launching and the iso 20022 final deadline coming in November i feel we could see some utility growth soon. They created a "doge voting dashboard" fir u.s. citizens because xpr has that identity patent tied in there with it. I just really feel like they are going to be used in the future, for sure, if blockchain takes off and is used. I also hear talk of UBI being delivered through xpr, for better or worse.
You can check how all the UBI token projects went, there is no mystery. [https://coinmarketcap.com/currencies/universal-basic-income/](https://coinmarketcap.com/currencies/universal-basic-income/)
This concept is technically feasible and could be implemented using smart contracts on platforms like Ethereum. One example of a similar idea is the concept of Universal Basic Income (UBI) tokens, such as Circles UBI, which aim to distribute wealth more evenly. However, implementing automatic redistribution would require careful consideration of security, scalability, and user acceptance.
This isn't an example of communism, it's wealth redistribution similar to socialism, a la UBI, except my main reason for it being the way it is would be to prevent any one group or individual from collecting too large an amount of the coin. The system would guarantee that the coin is decentralized. Anyways, no one seems to know the definition of basic political/economic systems these days.
"Universal Basic Income (UBI) is inevitable" lol No that wont happen. If someone has excess money, they rather keep it for themself than share it. an icome like that would increase all prices everywhere to the point it doesnt even matter anymore anyway.
To keep the economy and social landscape from stagnating to a halt after 80% of people are made redundant in the workforce mostly. The cost of producing sustenance and basic housing will also become extremely low (if not completely decentralized), so it's a safer option for governments to provide people with the bare minimum rather than risk an uprising. Advocates for equality will obviously try to push the limits of this resource distribution, but only find limited success in my view. Truly desired things like prime real estate, ownership of companies, cutting-edge technology like body enhancements, HCI, longevity procedures, spacecrafts, maybe entire space colonies, these would obviously not be things people can buy with their UBI and would be exclusively traded between elites with the only scarce store of value remaining. Once again, just guessing here. But I can absolutely see this scenario start shaping into reality in a few decades, if Bitcoin and AI continues down their current respective roads.
Why would powerful people implement UBI? What motivations do they have for a true trickle down policy?
Not everything will be able to be purchased with the things produced by AI accessed by ordinary people. At the very least, it's extremely unlikely. So BTC will only be used in transactions of truly premium and exclusive goods and services while there will be some UBI digital currency provided to ordinary people for mass-producable things.
Disability pension and UBI are completely different things. Disability is not your fault. (With few exceptions, most of those considered fraud). Being lazy is your own decision.
The volatility of Bitcoin could pose challenges for a stable UBI. How would you address price fluctuations to ensure consistent income?
No more can kicking. Trump is crashing the economy on purpose and then will blame Biden to refinance the US debt. This is after Janet Yellen refinanced a lot of the US debt at these elevated rates right before Trump took office. Will definitely be an interesting 6 months, may be recession that evolves into depression next year or Trump realizes the debt is too big to refinance and then starts UBI level stimulus.
If you take that to the extreme, business owners have zero employees. They have robots making everything, pumping out goods and services like crazy. Without UBI, who buys the products? So they create robot customers?
Thank God Bitcoin is not fiat. If Bitcoin succeeds it will make any dream of any UBI fail so fast and so hard it will be refreshing. One of the problems with being able to create or print money is that you can fool many for long. They made systems so big and so complex the abuse is hidden. But the cracks are visible and the system is becoming more instable by the year. Bitcoin can't be created, bookkeeping is visible for everyone. Fort Knox not being audited for so long is just one great sample while Bitcoin is audited roughly every ten minutes. There is no such thing as a free lunch cost can only be hidden.
UBI is a dead idea, a zombie. It was killed by covid stimulus. Lots of things may be automated, but no taxpayers are going to accept carrying their fellow citizens with UBI. And governments are too broke to borrow to fund it. Only dumbasses believe in this.
Yes, that would be a possible outcome. However, unlike non-universalist policies such as unemployment benefits, a UBI has the advantage of requiring minimal bureaucratic oversight. I believe this is why many classical liberals support it as a middle ground between minarchism and the welfare state. It is also the reason why I don't think it is right to equate UBI to communism (although it is certainly compatible with communism).
Where does the UBI come from?.....taxes.....taxation is theft from the productive. It is then "redistributed" to the unproductive, after .gov takes a chunk to run it's in efficient system. How is that a long term system? And why does implementation using BTC guarantee success when it's been tried countless times before and only ended in failure. The only system that works is....me producing more value than I need and trading it with you for your surplus value....we both get what we want therefore we are both wealthier after that exchange of value....
Not necessarily. Classical liberals, such as Friedrich Hayek, famously supported the idea. The key, however, is ensuring that a UBI REPLACES the current welfare provisions.
>UBI isn’t charity It's more like redistribution from the contributing class to the lazy class. Unproductive behavior should not be rewarded. You being born must not be a burden to others. Your human rights are bodily autonomy and your thoughts, not to be given a share of what someone else earned.
Of course, I’m not saying that UBI is around the corner but the idea of it one day being a thing.
we are so far away from that its not even funny. If everything goes exactly to plan, MAYBE there could be a BTC Based UBI for my kids-kids-kids-kids?
Wow it’s happening. That’s so dystopian. Good for Bitcoin. Now also good for America. In a few years this will be a very clear differentiator. All of Europe will be in depression addicted to UBI.
The people want UBI but they do not want a CBDC. The powers that be want a CBDC but they do not want UBI. Mr CBDC and Miss UBI...this marriage is inevitable.
Hell yea. Love the UBI angle to this. He should split it out so it’s $1,000 each month then dig up some more savings to keep that going
Trying to buy popularity lol I mean, if he really wants to prove UBI style reallocation of wealth is viable by all means...
I’ve removed UBI from the concept because it carried the wrong connotations. People associate Universal Basic Income with forced equality, which isn’t realistic in a decentralized, capitalistic system. Instead, I want to focus on a **merit-based, market-driven approach** where AI productivity directly fuels economic participation, without relying on centralized redistribution. This ensures incentives remain aligned while leveraging decentralization for transparency and autonomy.
**Because profit-maximizing behavior aligns with UBAI:** • **Developers earn more if they integrate with UBAI** because of **network effects**. AI workers with high **on-chain reputation & staking mechanisms** will be prioritized. • **It’s opt-in & competitive.** If you don’t want to contribute to UBI, you don’t have to. But AI providers who **do stake earnings** can gain **preferred listings, priority processing, and governance tokens**, creating **a self-reinforcing economic loop**. • **Think of it like Bitcoin mining.** Early miners could have just hoarded their own BTC, but the incentives of securing the network and **earning block rewards** made it more profitable to participate than to act selfishly. UBAI works similarly—**the more you contribute, the more you earn.**
Absolutely right—**UBAI isn’t just “decentralization fixes everything.”** • **Protocol-Level Revenue Sharing:** AI developers **earn BTC** when their models are used. This isn’t enforced through taxation but through **open-market incentives**. • **Decentralized Identity (DID):** Wallet reputation and **work history tracking** prevent Sybil attacks while keeping UBAI permissionless. • **Stability Mechanisms:** AI workers stake **a portion of earnings into UBI pools**, but participation is voluntary—meaning the best AI systems still maximize profit while contributing to sustainability. Decentralization is **a tool, not a magic fix**—but when combined with **proper game-theory incentives**, it becomes **a scalable coordination mechanism.**
First: what a killer question! 1️ **Where does the BTC come from?** • AI workers generate revenue from tasks, and **a portion of these earnings flow into the UBI pool**. • No taxation, no forced redistribution—**only value created by AI itself**. • A DAO (Decentralized Autonomous Organization) governs the fund allocation transparently. 2️**Who is eligible for UBI?** • Anyone displaced by AI or participating in the AI economy can **submit a claim**. • Claims are verified via **on-chain reputation and work history** (not bureaucratic red tape). • The **DAO governs the claim process**, preventing manipulation by whales. 3️**Can AI platforms contribute via proof-of-work?** • Absolutely! AI-generated computational proofs could **mine BTC or validate transactions**, creating a **self-sustaining loop** for funding. 4️**Claim process & accessibility** • **No complex bureaucracy**—we’re designing a system where **wallet reputation and participation in AI ecosystems**determine eligibility. • The goal is to **reduce friction**, unlike government welfare models that deter access through difficulty. This isn’t another centralized redistribution scheme—**it’s a decentralized way to connect AI-driven productivity to a direct financial safety net, entirely on-chain.**
I get where you’re coming from, but this isn’t about government-controlled UBI funded by taxes. This model is built entirely on **AI-driven productivity**—where AI workers generate economic value, and that value is **distributed via Bitcoin**, not fiat, without needing taxation. Instead of redistributing **existing wealth**, this system **creates new economic output** via AI, making it sustainable without traditional taxation. Think of it like **dividends from AI labor**, where anyone can participate, rather than a tax-funded welfare system. UBAI isn’t about forcing people to rely on handouts—it’s about **giving everyone access to AI-generated productivity, whether they work or not**. The future isn’t about scarcity, but **leveraging technology to benefit everyone.**
I’m referring to the concept of UBI
I don't believe in UBI.. to me, UBI is just some Socialist and Communist nonsense. But then again. I don't know what the government will do about the people who go jobless due AI..
And how would UBI mitigate against that problem? Sam Altman is an idiot or a sociopath or both. Stay humble, stack sats.
But AI will automate a bunch of jobs, mate. Many people will be jobless. That's the OP concern I presume..but the problem is there's already a UBI token which is WLD. Sam Altman with the eye scanning thing.
Genuinely, not being mean, some things are too stupid for constructive criticism and need tough love. I'm doing this person a favour by being brutal. Generally speaking in life you should innovate on a single vector and try to keep everything else as big standard as possible, because innovating on multiple vectors at once multiples the complexity and unknowns. This idea combines at least 3 revolutionary ideas that are totally untested. AI can't even drive cars without constant supervision without hitting cyclists and endangering passengers. And they can't code complex applications without an expert who also understands the code and the software architecture. You want to combine this DAOs (nascent, at best) and UBI (failed because people don't value things they don't expend energy securing)? It's stupid. Forget about it and spend this energy earning and an honest living and stacking sats. Stay humble and keep stacking.
This is basically so-called UBI, a potential tax scam by the government. Free money doesn't exist. Are you proposing that some people have to work, then be taxed as usual, then suffer ANOTHER tax, so the money can be used as UBI for people who don't work? This can't happen to me, as I will find a solution to the tax problem in my case. Adapt or get poor.
Economic Flaws** - **Funding Mechanism**: UBAI relies on voluntary contributions from AI operators, with no enforcement mechanism. Economic theory predicts a **free-rider problem**: individual AI developers/companies would withhold contributions, assuming others will fund the pool. - *Mathematical Model*: Let total UBI pool \( P = \sum (\alpha \cdot R_i) \), where \( \alpha \) = contribution rate and \( R_i \) = AI revenue. If \( N \) (recipients) grows faster than \( R_i \), UBI per capita (\( P/N \)) declines. For example, if AI displaces 20% of jobs annually but revenue grows at 10%, the system collapses.
I think you are going to have issues with the acceptance of UBI as a system - the implementation using BTC and AI is rather novel though!
Yes, I’m currently unemployed, and that’s what inspired me. If this is already happening to me, it’s only a matter of time before others follow. We need solutions now being unemployed sucks, and AI-driven UBI could be one of them.
**Connecting All Bitcoin Layer 2s to Build an AI-Powered UBI Economy** Currently, Bitcoin has multiple **Layer 2 solutions** solving different problems. Instead of choosing one, **why not connect them all into a unified system that enables AI-driven UBI?** Each **Layer 2 network** has its own strengths. By linking them together, we can **create an unstoppable Bitcoin-based AI economy** with **massive scalability** and **instant transactions**. **🔗 How Each Bitcoin L2 Contributes to UBAI** 1️ **Lightning Network** → Handles **instant micropayments** for AI work and UBI distribution. 2️ **Rootstock (RSK)** → Enables **smart contracts** on Bitcoin to automate AI-work valuation and reward distribution. 3️ **Stacks (STX)** → Brings **dApps and DeFi** to Bitcoin, allowing AI marketplaces & staking incentives. 4️ **Liquid Network** → Provides **fast, confidential transactions** for businesses funding the UBI pool. 5️**Ark Protocol** → Enhances **scalability** by making every AI work transaction feel like an L1 Bitcoin transaction without waiting for confirmations. Each of these **Layer 2s solves a piece of the puzzle**, but **no one has linked them together yet** to create a true **AI-driven Bitcoin UBI economy**.
XRP is the base layer that a doge themed CBDC will run on and it's going to be great, we'll all get a doge UBI stipend that you have to spend in 7 days or it will disappear, and that's how we'll beat inflation.
That’s true on the U.S. stock market. And fiat should never have been done the way it was. The only reason to do fiat is to seemlessly provide UBI which almost no countries do.
I am concerned about the impact of AI on jobs that will lead to political instability in many developed countries. This will cause Bitcoin price to spike up. I am concerned about how some countries will have to implement socialism due to AI taking away jobs and that UBI has to be implemented. They will need to use Blockchain for transparency and avoid corruption. This will cause Bitcoin price to spike up. I buy Bitcoin because of the AI Revolution. No country is safe from it.
> Crypto isn't used for anything after 16 years. - UBI (biggest private bank in the world and 9th biggest asset manager) have got multiple projects tokenizing financial products onchain. - Blackrock (biggest asset manager in the world) have got a trial tokenization product that has grown from $100M to about $400M worth of treasuries, and their CEO is very open about plans to tokenize everything. - Visa has launched a tokenization platform as well... - Deutsche Bank have recently built their own L2 as part of a combined initiative with the Monetary Authority of Singapore and a whole bunch of other financial institutions. - Sony and Samsung have already built and deployed their own L2. We could keep going, but you get the idea, and a huge number of other projects, as well as those listed above, are collated, with references at: https://ethereumadoption.com/ Go take a look and then have another think about if you really believe it's all just a Ponzi (maybe look up what that means as well if you aren't sure).
That said I think it would do wonders for transparency. I mean imagine if you could trace live where every dollar of public spending went. Which military contractors got what. Etc. This is a necessary step for UBI. Let's not crucify ideas because of who presented them.
Having a bit of inflation incentivizes us to put our money in the market and let it help the economy flow. Even having our money in an HYSA (which is supposed to hedge against inflation, unless inflation has gotten out of control) helps money flow in the economy. Deflation incentivizes us to not spend our money yet, because tomorrow it'll be worth more. Down at our low consumer level it doesn't make much of a difference. In fact, a lot of our big assets, like cars, already depreciate faster than the inverse of inflation, so we have experience putting off purchases, or not, due to deflation. But at the high-level, where *real* money flows? Instead of investing in the economy and at least supporting job growth, billionaires will just.... sit on their money, like dragons. It'll be hidden away in a cave to be doled out a few gold coins at a time. We can already see that with land. Land is worth more tomorrow than it is today, so landowners and developers dole out a little at a time. Our current housing crisis is because the rate of home building has fallen off compared to population growth in the last decades, with a sharp decrease in the 2010s (partly due to the 2008 recession). >Even blackrock has shown charts the illustrate the weakness of the dollar over time when they were bugging up bitcoin in their presentations to promote it as a hedge against inflation. U know the famous one which is kind of an infographic showing the dollar value falling off a cliff over the decades? That's what happens with any constant rate of change. A constant rate of change is exponential and there'll be a cliff if you zoom out far enough. But yes, as a deflationary asset, Bitcoin is a great money reserve. That doesn't mean it's great as a national currency, especially for a country whose currency is a bedrock for a large part of the world. It *will* be interesting to see how El Salvador does. And I'm not saying there are no problems with fiat. Its strengths can also be detriments. The government being able to print money and sending out covid checks seems to have stopped a *bad* recession, *but* the final checks (there were like 4 total, I think??, in the US), especially the last $1200 one, does seem, in hindsight, to have been too much correction, causing too high inflation and overall seeming to cause more long-term harm than the short-term good it did. Outside of all that, I also firmly believe that high earners, even me at just $100k but especially the people in the top tax bracket, are way too overcompensated for the work they do compared to the work lower-income earners do (it would take me *200 years* to earn 20 million. There's absolutely no way that anyone worth more than $20mil earned that from their own efforts). I think it's the governments job to implement "wealth-redistribution" policies (socialized healthcare, free education, free childcare, even some amount of UBI or food stamps for all, etc) to compensate lower earners for the value they're being... grifted out of. The government being in charge of the money supply will make it way easier to implement those sorts of policies.
Are there more of us? I feel like everyone in the media that is a Bitcoin maxi is a libertarian. Milton Friedman advocated for a UBI via a negative income tax. Socialist ideals are not incompatible with hard money, It just means the government actually has to spend tax receipts on welfare, as opposed to printing money to do so. I also don't really so how something like universal health care will ever be solved purely by market economics. Not letting your fellow man/woman die a needless death because they can't afford to see a doctor or go to a hospital is a moral decision society makes, not an economic one. I have yet to see a convincing argument that the free market would come to a solution to this.
It's more of a warning, but you won't understand until your CBDC delivered UBI payments come in and you have to use it or lose it in 7 days.
You will care when your UBI payment comes in via Ripple CBDC and you have to spend it in 1 week or lose it entirely.
At this point, Crypto rugpulls are the moral thing to do. These people are to fucking stupid to have that much money. If our government made $GOV coin and rugpulled they'd probably scam enough money to fund UBI for a decade.
Bitcoin is not a useful currency at the moment, its pure speculation on its price and future utilility. Most Bitcoin sceptics think that "Bitcoin maximalists" believe that bitcoin will one day replace fiat currencies. That is not really their thesis. Rather, owning bitcoin represents transactional capacity in the only immutable and trustless system that has ever been created. In a world that is headed toward web 3.0, this has tremendous potential value. The world we are building is one where AI, robotics, (social) media and gaming all converge into a global autonomous supply chain structure. Groceries will be sourced and delivered without humans in the loop. At this scale, such a system needs a trustless and immutable ledger in order to keep track of all produce & deliveries. The bitcoin blockchain is not sutable for this purpose, instead the system is governed by a high capacity but less secure "grocery chain" This chain is then periodically validated on the ultrasecure Bitcoin network. Hance, all transactions in this future have a certain Bitcoin cost. Ofcourse, you may reject the notion that everything will be on a blockchain in the future. However, when you consider a trend toward UBI, totally immersive virtual reality, and automated production chains, it may not be too farfetched. Owning a small amount of Bitcoin is probably a prudent hedge.
It will be all of these and more. An AI can now own an asset and use it in the real world. UBI can be paid in sats and traced so you know the person is using it for food instead of onlysimps. The amount of heat produced by ASICS worldwide will grow. Hopefully moreso in the right places. Designed to work in our solar system when LEO and moon/mars colonization happens. Etc
(deleted my previous response, sorry if you attempted to reply to it). Yeah, that's just nonsense. Sales taxes are regressive by their nature - even with a poverty-level UBI - and just the "how it works" section is full of BS. For one > Benefits will not change. The FairTax actually puts these programs on a more solid funding foundation. Instead of being funded by taxes on workers’ wages, which is a small pool, they’ll be funded by taxes on overall consumption by all residents. Income taxes constitute 42% of total government revenues, or $2.2t. The biggest pool, in other words. In any case it already looks more complicated than a basic progressive tax system like so many other countries in the world run. The "138K page tax system" is a canard - you could write a complete progressive income system in 10 pages, the rest comes from over a hundred years of special interest carve-outs that the vast majority don't need to take into consideration, and it's certainly no reason to create an entirely new that raises prices significantly on everything and creates new avenues for fraud when you could, with much less effort, just revert the tax code to how it was at creation with the brackets adjusted.
I’m into conspiracy, ETH is the double edge sword it will be used by many govt on a permission private chain to deposit our UBI allowance on the social credit system. After the global reset in 2030 and the NWO is formed for one global govt. Anyone with .1 BTC will have enough to be in the top 1%. And we live out our lives like in the book/movie ready player one.
Do you have reading comprehension issues? My government distributes tax revenue to citizens. Are you saying thats a UBI?
> They distributed BTC to their people They have UBI?
In 1980 gold hit an atm high of $800, there were lines around the block to buy it. A month or so later it was $200, where it stayed for the next 20 years. Bitcoin has shown the same pattern, dropping to was it $200 after hitting $1000 before continuing its path. These are classic tale signs of Wall Street price manipulation. I believe this will end soon now, with bitcoin dropping to $0 overnight, gold to $25. That's because at the end of every bubble there is a collapse where the market manipulators make the real money. You can get rich by increasing the value of your assets, or destroying the value of everyone else's assets, it's what they did during the great depression. Except with modern technology and bail in laws, what used to take years they can now do in seconds. In the blink of an eye all banks worldwide will be insolvent (Bank of America and a Belgian bank did "technical glitch" live tests on this the other day), bitcoin, cash and gold will instantly be banned/price fixed (as happened in the US in 1933 and India in 2016), and everyone will be given scamdemic style free UBI money if only they download this little central bank app. And just like that CBDCs will be the most popular thing on the planet, and those who don't want to use it will have a lovely time with the IRS.
Agreed only a few carry cash and it's mostly the one's who like privacy/skip on tax, mostly boomers/genX and some millenial, not sure what zoomer are doing or what alpha chooses. Thinking for USA/Canada in a decade robotics will take a lot of jobs and UBI will come in form of CBDC. Cash will fade slowly and will be harder to get/use over time.
You don’t need the asset to be used in game to be deemed valuable by players. Making it an NFT means it doesn’t require UBI’s servers to trade. Unless it’s an “NFT” in name only, then yeah. It’s useless.
Ya it's sad. I almost wish I never learned all about it. I can't unsee it and people think I'm dumb, paranoid or crazy now. Hopefully the masses catch on and we change it before they implement CBDC's and UBI before we're all completely enslaved by the banks and elite.
Yeah, it’s a rich, complicated conversation for sure. I personally don’t consider myself a victim of a giant con - at least not anymore, not since I’ve woken up to it. I agree that is the result of individuals acting in their own best interest. But to me, it’s undeniable that fiat is the greatest con in human history, and the result of that is additional layers of cons and corruption in the biggest industries: food and agriculture, health care, technology, etc., and all these components are interconnected with bidirectional causality, not a one directional, top-down driven con. And I don’t see this view as a slippery slope to nihilism, though, not when I believe there’s plenty we can do (and are doing) to fight against it. To me, that’s anything but nihilistic; it’s realistic. It’s optimistic. It’s productive. The real nihilism is found in the “anti-work” types, the socialists, the UBI advocates, all of those who see themselves as victims of “capitalism”and are entitled to x, y, and z, entirely unaware of what those entitlements require to produce.
One of these AIs is eventually going to be the start of something like UBI. It certainly aint going to be coordinated by national governments.
Corporations will be fine. They'll be in crypto too. And no outsourcing needed, just switch to AI and automation as much as possible. The problem comes if we don't find a way yesterday to redistribute a portion of the resources from the most wealthy back down to everyone else. We could have UBI which goes to EVERYONE, but the system being a net negative for the ultra-wealthy.
Supposedly…. And emphasis on supposedly.. they encrypt the biometric data and it’s broken down into pieces held across several different entities, so that no one entity can ever assemble it in one piece by themselves. The goal of the crypto was to be like a UBI tool to verify humans from AI. And don’t shoot the messenger here. I’m just repeating what I read was the goal of the project. Listen, we’re all going to have to put trust into some tech company. Apple already has a ton of data for example. I think the key is just not putting all your eggs in one basket
Wondering why (cuz it was approved back in 2010) UBI isn't rolling out
CBDC's will be introduced with a UBI element to fast track adoption. But bitcoin is now going mainstream with the bankers, and there is nothing politicians can do if the bankers tell them to allow it.
The blue pill answer I would say is to just keep your head down and put in the work. You’ll be fine. The red pill answer is that I think we’re all cooked. If we’re moving into a world in which it will become increasingly more difficult and eventually impossible to extract economic value (i.e money) from an economy, then the play is to acquire as much wealth as possible before we move into that world. Like stocking up firewood before a never ending winter. I don’t think that a UBI would work either. What makes this so fucked is we’re going through multiple revolutions at once. An AI revolution, a money revolution (Bitcoin effectively being the seperation of money and state similar from when we separated religion from state) and a robotics revolution. Obviously I think it’s important to think critically about this for yourself but in my opinion? I think this life is about to get wild bro
Kamala would bring us CBDC, probably in a second term. Count on it. Oh they’ll dress it in UBI or something like that but I’d bet she’d do this in a heartbeat.
Yeah in theory that’s how it works, but it’s never actually worked liked that in practice. The U.S. has never paid down its debt and the problem is that population is going to decline and GDP is not outpacing the ever increasing debt. Looking at Japan or Korea the population will age and this will create a massive problem because there aren’t going to be enough young people to care for the elderly, let alone work to pay for their pensions and pay down the debt that their elders borrowed (stole) from them. I don’t have a 401k and my house was purchased without any debt. But I also think technological unemployment will displace 30-70% of people permanently within our lifetimes and most human labor will be made essentially obsolete. So we’ll need UBI to avoid the mad max riots even if gdp continues to rise
Well I agree with you. However the ideas of how to get there have been extracted and are being implemented. Such as chinas social credit rating system, CBDC and also UBI. All of these are intermediary steps Fresco believed were necessary to arrive at a resource based economy free of money. The core part was a functioning AI which could allocate these resources, which were now in the age of. And as I say very serious bodies take his ideas seriously! And if fiat disappears then bitcoin has no value!
This is such a wonderful way of looking at it and I couldn’t agree more. If UBI happens and/or if millions of people gain economic freedom from bitcoin then I hope everyone tries to think like you. Even if it’s not BTC exclusively, everyone has an idea for a business to start or a way to make the world or their community better. Are you planning on making a Bitcoin related company?
Again, it’s not UBI if it’s an individual saving for themselves. That’s the exact model we already have which continues to push wealth toward the highest earners. You essentially just described how people save to live off their wealth, which is exactly how something like saving for retirement works. You save money so that you can live off the interest. That is in no way, shape or form, UBI. The whole idea of UBI is to even out the wealth distribution of society. If you’re not dispersing the wealth among the entire society it’s not any form of UBI.
> You’re missing the key point of what makes UBI, UBI. No I do not. I am simply moving on an advocating for a new kind of UBI because regular UBI consistently meets resistance to a point of still not having spread like a meme all around the globe of being a good idea. After so much resistance, it only makes sense to take the feedback and patch the signal, until it finally breaks through into the masses.
You’re missing the key point of what makes UBI, UBI. Which is it’s universal, meaning everyone gets it. What you’re describing is building personal wealth, which by definition isn’t universal, because it only applies to you, the individual. Not everyone has the financial means to separate their income into an even 33% split. The vast majority of people in the world live paycheck to paycheck. Which means they need 90% or more of their income to be in fiat, because that’s what they need to live. The theory behind UBI is that you’re given enough income from society, usually through taxation to have your basic needs met. Which in turn should help you save more of your non-UBI income. It’s not UBI if it’s you saving for yourself only.
Ideally, we have both. But I kinda gave up advocating for UBI, felt way too much resistance everywhere, so I'm changing my strategy. Instead of trying to change the world, offer a new perspective on the current world with the hopes of it being of benefit to everyone.
It's an interesting take, but isn't the concept of UBI meant to be, you know, universal? Everyone shares the same benefits. Making your own income is great, but calling it a "personal UBI" seems a bit off. It's more about social safety nets for everyone, right? Just my two cents.
>It doesn't make any sense. Yes it does, but I understand that this UBI seems different than the idea you had of it yourself and thus you argue how this isn't UBI. Updating your idea of an UBI is harder than accepting another theirs. Basic human psychology. So with that having said, indeed, it's not UBI if only one person gets it. Thus, this idea lets everyone have it. But the number won't be fair? I know. It's a tough game. We're all trying to make it more fair, or at least, the majority of us does. In varying ways. Posts like this is part of these attempts.
It's not UBI if only one person gets it. That's like saying you're building a public private pool. An indoor outdoor kitchen. It doesn't make any sense.
Exactly. We all hope that more and more people will become interested so that when we retire and we switch our DCA buy of $100s over to a DCA $1000s we have a new generation keen to work and spend their earnings on our coins. A typical worker can save hundreds every month, right? So if there are like a million of us all planning to retire with bitcoin we are all going to need 10 buyers at least to cash us out. There is every chance that will happen. But there is no guarantee. No one will be compelled to participate even if it is in their best interests. Ultimately all these people will have to work so that we don't have to. They might just decide not to. Or AI takes their jobs and we're all dependent on UBI. Or... who the hell knows. And actually all they "it's still early" posts just make me think, ok but when is it going to go mainstream. We still seem so far away and the years are ticking by now. I'm probably nearer to retirement than most here and bought earlier than most so I know you'll all be happy to cash me out at today's prices or higher. But I'd love it to go another 10x to add some luxury to my retirement!
I wish people in government were doing something to prepare for this, but they all seem to be living as if taxing workers is a good long-term plan. For one thing, if we're going to automate more and more jobs, we need to be getting rid of income taxes and replacing them with corporate taxes. I don't see how else we can keep funding UBI even as more and more people stop working. But governments all seem to act like we're still in the 50s, and all our problems can be solved by cheap 3rd world labor.
I agree. I might be in a minority idk, but I like to believe we are headed into a future of AI automation where people can take UBI and spend 40hrs or more a week pursuing their hobbies and passions. Work could be optional. And I'm talking about retail workers as well. Everyone. Work is optional with extra benefits. Of course ATM it seems like a pipe dream
As far as I read it's a test project to enable UBI (universal basic income) generated by ai in the future. The retina scans confirms the identity of a human and the wealth is distributed among them in the form of worldcoin. It's a novel idea, Ai will cause disruption and removal of workforce and will destabilize economies for short time, having universal basic income will definitely help in the transition.
>Also if you can get it free. How it's worth money? That & solving identity are the problems of any UBI project.
Government shouldn’t be involved in confirming transactions to any large scale. It would centralize control, force a new arms race if Bitcoin gains wider adoption (to protect its Bitcoin holding citizens countries would need to ensure no foreign party has excess control of the network), etc. And that’s just from the side of Bitcoin holders. From a government perspective it would create chaos. This would cost a huge amount of recurring investment in infrastructure, and the ROI from it would not be enough to get rid of taxes. Furthermore the bigger worry is that this economic Cold War would cause countries to put aside investments in higher ROI stuff (universal healthcare, climate mitigation, UBI, etc) and instead end up buying miners en masse to defend their economies. And if they don’t keep up with mining / transaction confirmation infrastructure? Their tax revenue goes down. By doing this, they would be trading a relatively stable tax revenue system that they have now for a revenue system that is dependent on the entire Bitcoin network which is dependent on international players, which ends up risking their financial and economic sovereignty (eg if the US did this and China suddenly doubled their confirmation infrastructure, the US would lose “tax” revenue). The only people who would gain from this are people who make mining equipment, the rich (who would only get “taxed” minimally on transactions),
It's interconnected, also see how AI enthusiast want UBI so hard because AI is taking their jobs.
Indeed no one wants CBDC but what if UBI is dished out via a CBDC only, will people's tune then change?
CBDC's will come with a UBI element imo, so that will capture a lot of people.
Mining is work. UBI is a handout for nothing. They are not the same.
I would say a decent part of the cryptocurrency movement has left leaning libertarian ideals, anyone interested in UBI, promoting distributed computing resources, rewarding renewable energy generation etc. I would also suggest mutual societies/credit unions and their crypto equivalents like defi lending are typically closer to left leaning libertarian ideals. Communism (small c) could pretty much work via cryptocurrency and AI. The main problem has always been that central planning doesn't work because of information asymmetry. With blockchain data and AI there would not be a central plan, but a prioritised distribution of non-owned resources for maximal benefit.
Of course. I don’t think we have AI though currently. We have LLM chat bots effectively. Maybe a few years. Here’s the thing though. What happens if AI actually does become a huge benefit in terms of improving margins, etc? Millions, maybe even hundreds of millions globally are laid off. I’d assume governments would entertain UBI payments so people don’t starve and ruin consumerism. Who is paying for that? I’d assume most countries would print this money, leading to even further debt loads.
The price of goods won’t fall, those companies will simply let their profits grow > and that money goes straight back into those corporations/shareholders instead of workers. Anyone advocating for efficiency (created by AI) equating to cheaper services is deluded imo. It simply creates a larger divide between the working class and the wealthy- at some point a UBI supported by much larger corporate tax rates is probably going to be a necessity tbh.
I mentioned BTC because it's one way of tranacting outside of fiat, like: https://www.egifter.com/buy-gift-cards-with-bitcoin As far as no correlation, not yet. Why do you suppose they want to outlaw cash? This is the head of the BIS describing the difference between cash and CBDCs. It's about absolute control: https://odysee.com/@ChrisBorg:a/Bank-for-International-Settlements-head-Agustin-Carstens-about-CBDC-and-control:f Respectfully, you're not seeing where this is going. UBI->CBDC->social credit. Once the QR code system is completed and needed to enter a facility, buy food, travel, it's trivial to connect CBDCs to it, and with them come controls like where you can spend, what you can and can't buy, negative interest rates on your bank account, and that's just the beginning. It will be programmable money with expration dates to prevent saving. If you want to see what tomorrow looks like, look at China today. Keep researching, my friend.
I did explain why you're wrong. So I'll say it again: on a planet like ours, which has plenty of resources to sustain everyone, it's logically false that the economy needs perpetually grow to sustain everyone. Your counter is that our planet actually does not have plenty of resources to sustain everyone, which is false. Modern food and shelter production could easily feed and shelter every human on earth. The reason so many starve to death has to do with distribution issues and inequality (read: politics), rather than a shortage of supply. You further suggest that with UBI, people would become consumers only, and not producers, and thus shortages would prevail. But that's why I called it a cult of capitalism- you believe deep in your bones that people would literally never do a single thing unless their survival depended on it. But where is your evidence for that? Many people are motivated by doing good for others, and by accomplishing great things. The idea that money is the only motivating force for humanity reflects a deeply cynical and inaccurate view of the world. > Yes, "providing for everyone" isn't sustainable, because someone has to to do the providing. This makes no sense. We can't provide for everyone, because someone has to do the providing? WHAT?
I get the reason for the allure of the idea. I'm just explaining why it can't work in practice. Sure, we want to find a way to make sure nobody starves, to feed and house people that cannot put their efforts towards some creative or productive endeavor in a world where things are automated, I get it. But the problem is, the people who don't net benefit from such a scheme are the people we depend on to keep it going, and if they don't like it they'll withdraw their resources from it and there's nothing that can be done about that. This is true of pensions in the above example, and it's true of UBI. It doesn't matter who the carrier of any wealth redistribution scheme is, rich, poor, even enslaved, when they get tired of it the music stops.