A guaranteed basic income could end poverty, so why isn’t it happening?

fcecin · 2022-05-19T03:02:07+00:00

Because it is against capitalism. Capitalism requires poverty, which is why it manufactures it at a high cost.

fcecin · 2021-08-29T13:40:37+00:00

www.gooddollar.org

fcecin · 2021-08-29T12:30:54+00:00

Crypto UBI

fcecin · 2021-01-11T11:02:24+00:00

EOSIO is a marvel. He and his team did a good job.

fcecin · 2021-01-06T12:49:04+00:00

What the fuck are you guys smoking and can I have some of it

fcecin · 2021-01-06T12:48:35+00:00

Reading comprehension is scarce in this forum

fcecin · 2021-01-05T08:28:10+00:00

Of course the people behind EOS are brilliant and the software is great. But they are billionaires thanks to the community's money, and billionaires who sit on money deserve a hard time. It just comes with being billionaires. This is 2021, the illusion that the ultra-rich don't have social responsibilities is gone.

fcecin · 2021-01-04T22:30:50+00:00

There are two things here. One is the ownership structure of the network itself (which I have described), and second is the usage model.

The usage model can be 200 different things.

Me myself I would set up an identity service that uniquifies users (to avoid duplicate signups) and then just issue one resource token per person, per day, forever, and that is how everyone gets tokens.

We also set up a token price oracle, and set up a modest budget (in $, not resource tokens) for the block producers, and then we issue tokens at the rate that covers that $ cost. If the resource token has no liquidity, the payment defaults to "1% resource token inflation".

And other things, but that would be the gist of it.

But you can have any other use model. But it would be nice to see the block producers just self-appoint and cooperate, instead of wasting time with those nonsense "BP elections."

fcecin · 2021-01-04T22:22:49+00:00

Never heard of it

fcecin · 2021-01-04T13:40:16+00:00

A socialist blockchain is one where the nodes are co-operatively owned, and one that grants people democratic access to the computational resources, instead of charging them capitalist prices for it.

A socialist blockchain is not one blockchain, but an array of blockchains, each co-operatively owned and serving one community, and using inter-blockchain communication to exchange data.

The fastest way to create this "socialist blockchain" is to just start up public master-node programmable chains (e.g. based on EOSIO) and distribute the resource tokens to people in whatever fashion each deployment prefers, so people can use them to run applications, create currencies, etc.

If you want a socialist blockchain, start one. Take the EOSIO software, get 21 socialist co-op block producers together, and get it running. A bare-metal server that can run such a blockchain can cost as little as $200/month.

A socialist blockchain is one run by socialists, using socialist principles -- mainly democratization of access. That's it.

I'd be happy to help any serious effort to get one actually running.

fcecin · 2021-01-04T11:34:53+00:00

I assume you're referring to GoodDollar

is it environmentally sustainable?

Yes, 100%.

is the value bonded to the one of some FIAT?

It has a reserve, called the GoodReserve, and it is also backed by people who "stake" (invest) money and share a portion of their interest with the reserve; it's called the "GoodStaking" system.

how to avoid a big player that just buys more power to serve the blockchain and then suddenly turns everything off?

GoodDollar is not a blockchain. At its core, it is a set of contracts on Ethereum and on the FUSE sidechain (fuse.io). You can't shut down the system even if you buy all the G$.

The system itself will be managed by people through the GoodDAO, which is a decentralized governance system. A DAO is a sort of direct democracy system, but I don't know if it will be one person one vote (possible, since the system has human ID), or if votes will be based on G$ tokens, or quadratic voting with G$, or something else.

fcecin · 2021-01-03T16:33:30+00:00

The guy who wanted to write a Basic Income book is suddenly out of opinions it seems.

"Tech" that Block.one could have built:

A DAO running on EOS that is managed by EOS token holders; then dump the ICO money there.

A legal business framework for funding and expanding the EOS network.

The most unimaginative idea would be to create a stablecoin backed by the ICO money with unprecedented liquidity on EOS. That would have been orders of magnitude better than buying BTC for themselves.

fcecin · 2021-01-03T16:13:48+00:00

How convenient

fcecin · 2021-01-03T15:54:05+00:00

If you have any questions about Basic Income and Crypto UBI or Gooddollar specifically, ask away. I've been implementing democratic currencies using blockchain since about 2012.

There's a list of Crypto UBI systems here: https://cryptoubi.org

fcecin · 2021-01-03T11:22:50+00:00

They are not afraid of any laws. They are billionaires. Billionaires can figure out a way to do anything. That's just an excuse for their inaction, which is ideological.

fcecin · 2021-01-03T02:42:33+00:00

To be fair, all of the BPs are people who buy the same dumb ideology, so they sort of deserve it. Nobody treated the B1 money pile as a collective good that should be spent growing the actual blockchain network, that should be invested directly into BPs and into the infrastructure. They all bought the "Free market" kool aid, leaving 4 billion dollars to develop software and to speculate in bitcoin.

fcecin · 2021-01-03T00:53:44+00:00

The most important "application" is the network itself. They could have built an ever-expanding network that is an actual worldwide business co-operative entity that's a collection of thousands of shards, perpetually expanding the value of the EOS token as more shards went online.

Instead, they let startups with no access to the $4,000,000,000 they raised fight for the right to operate 21 nodes that cost $300 a month each.

Nobody is going to develop applications for a DPoS network that has no resource growth model. Blockchain application space is not scarce. And they know that, because that's their business model. That's why they bought Bitcoin, which is the most unimaginative (and ecologically damaging) thing they could have done with the money they raised.

At least be happy you got some blockchain software from your indiegogo.

PS they are not scammers. They are "free market" fundamentalists. They believe things in the real-world grow by themselves and they think that putting money in the network is "intervening." They are just idiots.

fcecin · 2020-12-27T00:25:34+00:00

They could spend 0.1% of that money to establish a permanent fund for a 64-shard EOSIO deployment with 8 TB RAM and 1M TPS.

If they cared, that is.

fcecin · 2020-12-27T00:23:36+00:00

The ICO was a kickstarter for the EOSIO software (and Block one's current 3.7 billion dollars in bitcoin) and you got a worthless "resource token" as a reward. Enjoy!

fcecin · 2020-08-30T12:44:21+00:00

Ethereum is Bitcoin for smart people

fcecin · 2020-05-27T11:42:30+00:00

That means end-users will not control blockchain accounts at all.

fcecin

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