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100 sats \ 4 replies \ @Scoresby OP 6h \ parent \ on: Bitcoin-based UBI - Metamick tech
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?
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
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force you to fund them Describe the mechanism or go home
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Describe the mechanism or go home
Taxes?
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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.
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