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RE: Manna Interview With The Founders

in #manna • 7 years ago (edited)

I understand the basic concept of UBI, but:

  1. How is Manna Coins different form other alt coins with air drops?
  2. Why do you collect personal data and how can you secure it?
  3. As with all other alt coins, early adopters get wealthier over time and that creates the same problem it tries to solve.
  4. Is this token only for US citizens? If not, how can you verify the personal details for citizens in other countries, and protect their privacy?
  5. If we have to rely on the will of other wealthy Manna owners for donations to redistribute their wealth, than we are back to todays failed charity business.

Don't get me wrong i like the idea of experimenting with UBI but i don't believe creating a new coin can make it happen.

Also you talk about helping the poor by giving them "free" Manna coins, but wouldn't it be better if the "poor" made their own coin?

The people who will benefit most from this new coin are the early adopters and users with popular referral links.

UPDATE
Fixed too many spelling mistakes.

7 years ago in #manna by
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     7 years ago  
    1. Airdrops are a one time thing....Manna is paid weekly on an ongoing basis....
    2. It is the law...a US based corporation, even non-profit, involved in crypto has to adhere to the KYC laws.
    3. With anything new, people had to invest early to get over the preliminary stages....the trial run was funded exclusively out of contributions of individuals...
    4. It is available to all citizens around the world....verification is with cell phone...if no cell phone, they have another way to do it which I am not familiar with since do not work for Manna.
    5. All distribution is new currency..it is not redistribution...

    Don't get me wrong i like the idea of experimenting with UBI but i don't believe creating a new coin can make it happen.

    This is your right...many disagree...we will see who is right.

    Also you talk about helping the poor by giving them "free" Manna coins, but wouldn't it be better if the poor made their own coin?

    That is up to the poor...although I dont imagine the have the money these days to get through an ICO, at least in the US since there are laws to adhere to and it is getting expensive to bring out a token.

    The people who will benefit most from this new coin are the early adopters and users with popular referral links .

    When people take the risk early on, I find it odd that people feel they shouldnt profit. Plus, the referral links are for anyone to use...

    Nevertheless, people are getting tokens each week...for nothing more than signing up....if you dont think that will work it is fine...

    Also, this is a voluntary program...nobody is forced to get involved....nor are any tax dollars used....

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     7 years ago  

    Thanks for taking the time to answer my questions.

    1. I was not aware it was on a weekly basis, thanks for clearing this up.

    2. I thought KYC laws only applied to fiat transactions and not crypto.

    4. Thanks, i will take a look at their process. And sorry for addressing the questions to "you", i was under the impression you somehow represented the project.

    5. Reading through their TOS i'm very surprised that there is zero mention of any Privacy Policy, what info is collected and how its stored.
      https://www.mannabase.com/terms-of-service/

    I will keep an eye at the project. I am more interested in the concept than the "free" tokens.

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       7 years ago  

      Manna is a permanent airdrop. All the inflation is distributed to everyone.

      Anyone with a cell phone can currently get an account.

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