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RE: Could Universal Basic Income in America Boost Global Interest in Cryptocurrencies?

in #cryptocurrency5 years ago

The smart people will use that universal income to buy crypto. Socialism will destroy the dollar. When the asset bubble pops, governments will print unlike anything we've seen before. I call it the usd's last breath.

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Is UBI socialism? Maybe a naive implementation. Unless you meant socialism in a very different way, or if you meant something other than the UBI.

The redistribution of wealth is the essence of socialism.