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24 sats \ 3 replies \ @cryotosensei 12 Jun \ on: How Would Government Handouts Work on a Bitcoin Standard? bitcoin
One party in Thailand is actually allegedly planning to dish out 10,000 baht in the form of blockchain tokens in the last quarter of this year.
It made this promise last year and kept delaying its promise. Seems like funding is a problem; determining who’s eligible n who isn’t is another problem; ensuring that the adoption has been in place so that people can spend their tokens is yet another obstacle.
I guess we can look to Lugano (which has the infrastructure) to carry this out, though Switzerland doesn’t seem likely to dish out handouts anytime soon
Really interesting. I used to be an advocate of UBI. I’m not anymore. Presumably it would be paid for through debasement and used as a totalitarian tool to control the people.
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The Singapore government has committed itself to dishing out Community Development Council vouchers to help us curb the rising costs of living. We can get food stalls n supermarkets to scan QR codes to receive such vouchers. I think we don’t mind being controlled even though we grudgingly complain how the government will get back its money’s worth in the form of increased GST.
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That doesn’t sound so bad actually. I’m in favour of policies if they work and are genuinely thought through and done with the best interests of the people in mind.
In the UK most government policies that promise benefits for the people seem to make things worse. And we keep falling for their rhetoric every time. 😩
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