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RE: Is the World Ready For Universal Basic Income?

in #technology6 years ago

Hey @kevingblogger

You make some great points there and I agree anything with this kind of far reaching implications are going to have some serious teething issues and we're going to make mistakes and in the eyes of the pubic waste money but the lessons we learn on how we progress as a society will be well worth the spend in the end I feel.

I think this is is one of those cases where we cannot be penny rich and pound foolish. For sure the US, US, China and India will be hit the hardest by automation and UBI will probably be tried in thise regions first, many will want to get a piece of the pie.

This could be an amazing chance for blockchain and crypto to go mainstream as we could now have immutable public records with encrypted data hosting all UBI holders and what they receive, when they receive it and to an extent what they spend it on.

The data we get from this will go a long way into proving the use case, finding improvements or scrapping it all together. Unless we can measure it correctly we cannot judge its real impact at scale. Either way its going to be an interesting time for the world