RE: Universal Basic Income Revisited: Maybe it's a NECESSITY, not a "Socialist Evil!"

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UBI is more likely to become a reality in places other than the USA, simply because our population here has such a profound mistrust of government and "organizations." We simply don't trust anyone with the responsibility of managing something that benefits us.

Unfortunately, there's a lot of self-contradiction. We want the benefits that go with having a public identity, while we want provacy and anonymity at the same time. Sorry, you can't have both!

Interestingly enough, UBI could potentially be an actual functioning, real-world application for blockchain technology, as way to limit system fraud.

It's also possible that the system would have to be gradually implemented, initially focusing on people directly made redundant by technology, and with income below a certain threshold... a bit like the so-called Covid "stimulus payments."



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As I think about it , it probably it makes sense to have any UBI type blockchain not be a storehouse of value but erase monthly account balances if payments are not withdrawn. I think the details could be worked out, but the bigger question is if such a system is needed or beneficial.

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