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38 sats \ 7 replies \ @OT 11h \ on: IF there was UBI who would fund it? econ
Imagine a country using its power grids to mine Bitcoin and then distribute the rewards to it's citizens.
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35 sats \ 1 reply \ @cointastical 10h
That already happens. Bitcoin revenue from private mining ops paying for excess electricity generated permits the utility to lower rates for all ratepayers. This happens in Texas, Kenya, and elsewhere.
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0 sats \ 0 replies \ @OT 2h
Is it distributed to everyone that lives in the area as a UBI?
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0 sats \ 0 replies \ @Slestak_Jack 10h
It might be better to distribute the profits from the energy use rather than the Bitcoin itself. Although I don't socialist policies such as this are a good idea in any way shape or form.
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0 sats \ 1 reply \ @denlillaapan 11h
Or that, but I doubt there'd be much profits there (cutthroat industry, rewards competed down to break-even or less)
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0 sats \ 0 replies \ @OT 11h
Probably unrealistic. It would be interesting to try though. Maybe for a small country or city.
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0 sats \ 1 reply \ @stack_harder OP 11h
so a btc soverign wealth ubi?
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0 sats \ 0 replies \ @OT 11h
IDK if it's possible, but it would be interesting. If they don't find a block for a few days people start starving
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