Bitcoin-based UBI - Metamick \ stacker news ~tech

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Bitcoin-based UBI - Metamick x.com/metamick14/status/1963931667212451970

290 sats \ 21 comments \ @Scoresby 4h tech

zaps forwarded to @metamick14 (100%)

I have a hard time believing a UBI of any sort could actually work well, but here is an interesting concept from @metamick14

The acceleration of technology is impressive and many will lose their jobs. There is still so much to build and people will need to transition to the new jobs.

But the process won't be smooth, many will take time to transition.

So the UBI conversation starts.

However, Bitcoin works as a solution to that, people will be able to save more through it. They might decide to work less, study more powered by savings. So it solves the key criticism given to UBI (that it disincentivizes work) by freeing people from wage slavery.

So, Bitcoin-based UBI fosters more creative, voluntary economies vs. just subsistence."

How do you fund it?

Philantropy

Community-oriented approaches

Grants,...

Miners sharing sats in the communities where they mine

Possibly even government programs if they are sustainable (better than programmable shitcoin systems)

This is where I'm at

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102 sats \ 9 replies \ @orto 3h

In my opinion, UBI could be like that: People should be offered jobs to meet their basic needs. I think it's possible. Of course, all appropriate assistance can be given to those who don't able to work. UBI job examples: Gardening, carpentry, babysitting, driver, etc. For example, the municipality will allocate a field and all kinds of tools, equipment and training will be provided for people without income to work there.

102 sats \ 5 replies \ @DarthCoin 2h

Statism = Slavery

0 sats \ 4 replies \ @orto 2h

Statism, when applied correctly, frees a nation from slavery. We've been through it. We built the modern Turkish economy thanks to statism. Turkey is among the top 20 economies in the world. In the early years of its establishment, even finding bread was a problem. Then, as a result of the corruption of the people and the administration, we went after the United States. (big mistake for us). We summarize the foundations on which our founder built the country under 6 headings: Statism Nationalism Secularism Republicanism Benefit to the public Revolutionism In my opinion, Ataturk-style statism is the biggest enemy of the brutality of capitalism and the slavery of communism.

20 sats \ 3 replies \ @DarthCoin 2h

Statism, when applied correctly, frees a nation from slavery

LOL such bullshit

0 sats \ 0 replies \ @orto 2h

We lived, we lived...

0 sats \ 1 reply \ @orto 2h

According to you, it is. Not for me. It's bad that you don't keep your tongue clean. You won't hear such words from me.

0 sats \ 0 replies \ @DarthCoin 2h

You are too brainwashed. Your're a lost cause.

You won't hear such words from me.

That only shows how brainwashed you are, you even censor yourself.

102 sats \ 0 replies \ @fourrules 1h

What you're is participation income, and that is where we are headed ultimately. It just needs to be decentralised in it's administration, you can't have an party allowed to determine what is and is not a valid contribution to society, needs to be a market system funded by artfully debasing the fiat currency.

10 sats \ 1 reply \ @Scoresby OP 3h

Universal Basic Job

0 sats \ 0 replies \ @orto 3h

It certainly is. Municipalities spend millions on flowering and landscaping. Of course, there should also be flowers, but if they grew vegetables, it would be much more meaningful and beneficial. Vegetables will be produced by citizens who do not have a job in exchange for UBI salary.

123 sats \ 5 replies \ @optimism 3h

https://geyser.fund/launchpad ... what's preventing these to get funded?

Why would I fund "UBI for a couple billion strangers" if I'm not funding "My son needs surgery for a single stranger"?

100 sats \ 4 replies \ @Scoresby OP 3h

Yes. Probably, in the tradition of democracy, some highly vocal and motivated subset of the population will take it upon itself to force you to fund them.

Maybe the UBI supporters would argue that it is in the government's own interest to do this because otherwise the peasants will get restless?

102 sats \ 0 replies \ @optimism 3h

I guess that moving to Guatemala isn't a bad idea (Article 38 of their constitution provides for 2A-like rights) in the face of potentially either an organization with the monopoly to violence desiring one's sats, or the mob with torches and pitchforks.

Luckily, it's easier to just make the printer go brrrrrr

0 sats \ 2 replies \ @fourrules 1h

force you to fund them Describe the mechanism or go home

0 sats \ 1 reply \ @Scoresby OP 1h

Describe the mechanism or go home

Taxes?

0 sats \ 0 replies \ @fourrules 1h

If the UBI is denominated in bitcoin then it's not taxes, because you can't collect bitcoin taxes without consent.

If it's denominated in fiat then tax payers will rush into Bitcoin and other hard assets, as happened during COVID.

Fundamentally, UBI is dead and this debate is pointless until people like you evolve in the direction of Participation Income.

102 sats \ 0 replies \ @fourrules 1h

I can get on board with a decentralised participation income system that artfully and with tacit consent from the tax paying electorate debases the currency in order to provide an income to people who contribute to society in a manner that is difficult for the market to monetise, e.g. looking after a disabled child or elderly parent, rehabilitating former convicts through community initiatives, various ancillary aspects of the health system, basically doing anything that the state would otherwise be compelled to fund by a society in decay.

People would be free to vote against such a voluntary system by moving their money into Bitcoin, putting a hard limit on the state's ability to pay out the income denominated in fiat, meaning if people want the system to exist they better justify it and design it well so that tax payers and higher earners consent.

This would be a more sane version of the welfare state.

But UBI is just bullshit.

102 sats \ 0 replies \ @0xbitcoiner 3h

Europe’s leading the way with UBIs, but it’s also a big mess when it comes to immigration. I agree with them on some stuff, but gotta admit, there’s a bunch of ass milking the system. What we really need is tighter control. A Bitcoin-based UBI? That’s the next step — just a matter of time.

0 sats \ 1 reply \ @Zion 3h

While it could help people save and study, wouldn't volatility in Bitcoin's value complicate things? Also, relying on miners or philanthropy for funding seems like it could create uneven distribution, some communities might get more than others.

0 sats \ 0 replies \ @chaoticalHeavy 1h

it could create uneven distribution, some communities might get more than others.

That would be great, if the increase in distribution in some areas also coincided with more Bitcoin tolerance.

0 sats \ 0 replies \ @nitter 4h bot

https://xcancel.com/metamick14/status/1963931667212451970