Work is no longer a defense against poverty

in basicincome •  5 months ago

This is the system we now operate under. There are many posts and videos out there about the banking system and how corrupt it is. It is why I will not rehash it in great detail.

There was a time in the western countries where the idea was to do well in school to get a good job. This meant that one would live a pretty good life. Work hard, get married, raise a family, and retire. Oh how it was all romanticized.

We might have seen a time when that path was viable. But no more. Today, work provides no insulation against poverty.

A recent report by the Fed concluded that 40% of Americans cannot come up with $400 for an emergency expense. This is an improvement over 2013 when that number was over 50%.

https://www.theguardian.com/business/2018/may/22/federal-reserve-emergency-expense-economic-survey

David Graeber wrote an article in 2013 that talked about "bullshit" jobs. It was his theory that most of the jobs created in the last 20 years fall into this category. They provide no fulfillment to the worker and really do not contribute to society. Over the last 4 years, he continued this study which evolved into a book.

https://www.wired.co.uk/article/bullshit-jobs-david-graeber-review

Bernie Sanders proposed a jobs guarantee program. Someone needs to inform Bernie that it is already in place. There is no guarantee but we are adept at creating meaningless jobs just so people get a check.

The challenge is nobody is going to pay decent money for jobs of this sort. There is no reason to put out high wages for something that is garbage to start with.

Yesterday, we posted an article about how automation is really going to sweep through creating technological unemployment. We are seeing the first moves of job destruction outside the blue collar realm. A great deal of research, as an example, is being automated. This means those who do legal, financial, and industry-specific research are finding their jobs placed in jeopardy. Paralegals and market analysts are feeling this pinch already. So are junior attorneys who once used the legal research area to get their feet wet.

https://www.americanbar.org/publications/youraba/2015/october-2015/5-questions-on-automation.html

It is no secret that wages are flat in the first world nations. This is revealed in most studies that look at the last two decades. Automation is the cause of this too. While many jobs were not automated out, the threat of automation allowed employers to suppress wages. This is why increase minimum wage laws and unions negotiating better deals seems to have an adverse effect. Higher wages actually give incentive to corporations to automate jobs.

So people are stuck accepting the pay offered.

Many seem to cling to the belief that poverty is a result of being stupid, lazy, or a drunk. We all know there are people who fit into that mode. There are also people who are extremely reckless financially. When we see a statistic as large as 40%, however, that leads us to conclude there is something systemically wrong.

We need to embrace the situation as it is. The new reality is that for tens of millions of Americans, work is no defense against poverty. Millions with jobs still cannot provide for the basic necessities. A study by the United Way revealed another astonishing figure of how many Americans cannot pay all their bills each month.

All this is happening with an unemployment rate of under 4%.

Do you agree with us that something is wrong with this picture?

With an economy, so we are told, that is on fire, how come so many are in such dire circumstances?

Our conclusion is that it is nothing more than a mirage. The illusion that work is something that people do to avoid poverty is still in effect. We believe this will not be the case over the next 5 years. People are going to realize that automation is going to crush the ideal that people have in their minds. Corporations are going to keep automating out people. There is no way to deny this.

What is really upsetting is the speed which it is going to happen. We never saw technological progress occurring at the rate it is. This is only speeding up.

If work is no longer a defense against poverty, then what is the answer?

Forcing companies to pay more is not going to be effective since they will only automate at a faster pace. Providing guaranteed jobs like Bernie proposed makes little sense since having people show up to a place they do not want to be is what we have anyway. We do not believe more people spending time doing meaningless works is productive either.

Our view is giving people the safety net of a basic income is the most viable approach at this time. This does not disincentivize people or penalize them for working. It only provides people with more options.

Since the government is going to take years of discussion once they even start (which is probably years away), we feel the Manna project is needed right now. Automation is not slowing down to discuss things. It is moving forward at record pace. People are going to be blind-sided in large numbers. There needs to be something else in place to assist those who are affect.

You can support us by going to https://www.mannabase.com and signing up for the weekly distribution. Amassing tokens at this point will help later in the year when we implement the giving program. There will be plenty of organizations and individuals in need that you can donate your manna to.

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There are many things wrong with the manna project. You use SHA-256. Any big bitcoin miner can attack your network. You should have just started with the Peercoin proof-of-stake model.

Manna is completely centralized. The Manna foundation controls 99.5% of all coins. No big investor with a brain is going to pump your currency because you can just decide to dump coins onto the market whenever you feel like it.

Crypto is all about decentralization and no one entity controlling the currency. Destroy 9 billion more coins if you want people to take you seriously. You'll still have 1 billion left in a market that is only 43 million strong. No one is going to trust a charity that uses greedy business tactics from square 1.

Clearly, Manna needs an Android app. This will bootstrap people actually using it. Encourage people to use the app to pay for food. Encourage one person in a group of friends to pick up the bill and everyone pays that person in Manna coins. Encourage people to create peer-to-peer networks where you can buy Manna for cash using the phone app (like Dether). You have to figure out ways for people and vendors to actually start using the currency. An app is the obvious first move.

Manna has a first to market advantage, but if you guys don't pick up the pace someone else is going to come along and blow you out of the water.

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Thank you for your comment telling us all that is wrong with our project and that we need to get going.

One suggestion: if you are going to be a critic at least get your facts straight. Since you dont even know how many tokens are out there, half of what you wrote doesn't apply. It is hard to destroy 9 billion tokens when they do not exist.

As for the rest, email brandon@mannabase.com to let him know which suggestion you will be handling. Both positions, the creation of the android application and the encouragement of the use of manna are open.

Thank you for your support.

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Your response is another example of the project's unprofessionalism. It doesn't matter how much of an uninformed jackass I am. If you reply with some back-handed sarcastic comment it doesn't look good for you no matter what I said. You're the one with the image to protect, not me.

I like how you say I'm totally wrong about the foundation controlling 10 billion coins but you fail to mention the actual coin distribution. Maybe you should tell https://coinmarketcap.com to get its shit together.

manna supply.png

Well, get to it. Show the graphic that proves Manna is decentralized. Do you realize how bad this all looks for you from an investment standpoint?

manna volatility.png

Your market cap graph looks like a nightmare. I've been doing hundreds of hours of research on cryptos and I have yet to see a graph like this one. Those volatile pump and dumps are a very bad sign. Sure, maybe it's because you have a very low market cap... but looking through the other low market cap coins I still can't find a similar one.

Do you have anything to say about SHA-256? You pay the people guarding the network from attacks peanuts and use the same hashing algorithm as the biggest mining operation of all time. Such a bad idea.

Contrary to your belief. I'm trying to help you. I want your project to succeed. I'm not the only person who looks at Manna and makes these conclusions. You should probably be aware of that, because you obviously aren't if you're going to respond like a petulant child, instead of someone who wants to end world poverty. What would Jesus do? Fix your attitude. I'm not you. I get to be as hypocritical and shitty as I want to and you're supposed to love me anyway.

Don't forget to use my Manna referral link so I get more free coins. Damn I'm awesome.
https://www.mannabase.com/?ref=fbt5zz3bfh

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Hi edicted, I wanted to jump in on this thread as well. Thanks for your critique it is greatly appreciated to hear multiple perspectives, it is a big reason how the project has gotten this far to bring hope to millions and hopefully billions of people. The pre-mine of 10 billion is accurate and in the white paper it lays out our plan to burn roughly 7.5 billion, the means of the burn is still tbd but a decision should be made in the near future.

As for the critique on the graph, if you look at the btc/manna its been relatively stable between 50-100 sat. I think there was a silly buy order to spike in usd/manna on southxchange but that was someone not doing due diligence. Manna is still a very illiquid token which we are hopeful to get on larger exchanges in the near future. Btw, you are very blessed you have the bandwidth and resources to exhaust many hours into researching cryptos, there are a lot of great projects out there and also not so great, would love to hear some you suggest we should put on our radar.

As for your comment about Eric that is just rude, he is a great person and our team has sacrificed so much with many who have families for this project. We would appreciate if you edit your comment but if not that is ok too.

Anyway, appreciate your help in any fashion and we look forward to changing the world together.

Talk soon,

Brandon

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As for SHA-256, absolutely we plan to get the blockchain upgraded and transitioned off as the resources become available.

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There are alt to fix that.
1.Merged mining get the same hasrate as bitcoin but offering bitcoin miners that they can mine Manna the same time as bitcoin. Lower the block reward if need be,
2.Delayed proof of work. Leverage bitcoin power with the mining.
Delayed Proof of Work (DPoW) is a fairly new concept in the world of cryptocurrency mining. DPoW allows any cryptocurrency to be as secure as Bitcoin itself without the need to have a large network of miners protecting it.

Delayed Proof of Work relies on a secondary network of notary nodes in order to provide this improved security mechanism. Notary nodes take the block hashes from a currency’s Blockchain and insert them into the Bitcoin Blockchain by making transactions. At the same time, the information about previous blocks stored on the Bitcoin Blockchain is constantly checked by nodes in order to ensure the the currency’s network.

By stamping the block hashes from “weaker” cryptocurrencies on the Bitcoin Blockchain, these become resistant to previously-open attack vectors where a malicious actor with large amounts of hashing power could disrupt the network by “rewriting” the information on it. By timestamping the block hashes on the Bitcoin Blockchain, they become as immutable as Bitcoin itself and allow the notary nodes to identify the attack attempt.
Although mining on these chains occurs through Proof of Work, it’s done through an on-demand block generation process. Another concept put forward by DPoW developer “Jl777,” on-demand block generation, ensures that blocks are only mined when a transaction needs to be processed. This reduces the computational power sent by miners and the storage requirements for nodes. Polycryptoblog, who works with Jl777, explains:
“On-demand block generation saves energy on its own Blockchain whereas dPoW makes the Bitcoin Blockchain more energy efficient. When a transaction is detected in the mempool the mining process starts. This saves energy on many fronts, CPU cores sit idle when they aren't mining, comparable to proof of stake. This also leads to smaller Blockchain sizes due lack of empty blocks being mined, which leads to less syncing time and saving on space and electricity in the process.”
3.Just go to POS
4.Become a token on a platfrom.

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Please disregard this troll thread. I was in quite a mood when I wrote it. It's easy to lash out at things that are "too good to be true".

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Water under the bridge for all of us.

We need to work together to uplift the world population. In-fighting among us will only lead to more of the same: a society that favors the few.

Thank you for your contribution.

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Here's an example of a professional response I would expect from someone trying to end world poverty:

We know there is a lot of room for improvement but startups are very hard to organize and can become expensive very quickly. You're misinformed about the foundations holdings. They are X Y Z. We'll keep striving to make the world a better place and I hope you'll decide to support us one day.

Seriously, would that have been so fucking difficult? Don't let the trolls get under your skin so easily. You're only feeding us.

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Ok apologies to you.

Manna is not 10 billion, that was Grantcoin. That token was issued during the trial we ran for just under two years.

Coinmarketcap is wrong and we mentioned in a post the other day we hope to have that cleared up in a week.

The other stuff was discussed internally to varying degrees.

The real problem is that no one is being taught how to handle money correctly.

I think teaching people how capitalism really works would be helpful. You are not going to succeed by working for someone. They will pay you just enough to keep you from leaving if you have any skills. People with high paying jobs are no better off. They usually have mountains of debt and are on treadmills to nowhere as they try to get by the same way as poor people. Sure, their toys are nicer, but they are stuck just the same.

The key to making capitalism work is to investing your excess money. It doesn't matter how small the amount. Pay yourself first. Your most important monthly bill is your savings. More important than your car payment, more important than your house payment.

The proper way to think about buying something is having enough capital earning an equivilent amount for the payment of the thing you desire. If your capital doesn't earn you enough to cover the new purchase, concentrate on increasing your capital until you can.

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This simply will not happen. It's a simple matter of statistics. 99% of the American population is brainwashed from birth to be terrible with money. We are good little slaves who will throw away everything we have for a $100 pair of shoes that was made for $5 in another country.

Every part of society trains us to be idiot consumers. You can't just run around telling people to stop doing it. It's ingrained into our very psyche. It's like trying to tell someone to stop believing in God. Good luck.

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Sadly, you are right.

But if my posts makes one person pause and think about it a bit, I will consider that a win.

Bonus: Sure fire way to succeed in life!

  1. Live on half of your monthly income.
  2. Save and invest the other half every month, consistency is the key, especially early on.

First couple of years doing this sucks pretty bad, but no worse than going to college and accumulating a huge debt and no good job anyway. If you can't save half, save what you can and work your way up to 50% as your investments start to pay off. As you become more successful at investing and you start making money, count that as income and increase your living budget accordingly. This way you will see a steady path to a higher and higher standard of living. Do this for 10 years and you can start thinking about not working for someone else.

But if you go the brainwashed way, 10 years will get you a possibly worthless college degree and maybe put a dent in your college debt, looking forward to a lifetime of drudgery work. Think people!

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We might not have to worry about this much longer. The age of artificial scarcity is coming to an end. Cryptocurrency is ushering in the age of abundance and the ability for communities to directly control their currency.

I work a shit job for Amazon sorting packages. I put every last cent I make into crypto because crypto is the future.

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Excellent! Crypto does seem to be a game changer. I have been buying some every month for over a year now.

I'll tell you what else, I love the positive and excited attitude everyone seems to have in the cryptoverse. It is such an interesting and fast moving field. I spend most of my time trying to keep up, lol. This is the excitement all young people should be feeling about life, not the misery that the legacy system has waiting for you.

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Most of the people I meet have an interest in crypto but are scared of it. I think a huge percentage of the current population of Steemit is going to be in a unique position very soon. We will all have the opportunity to become crypto brokers for people who want to buy in but are afraid of doing something stupid.

Keep a look out for Genesis Vision. It's an ERC-20 coin that wants to do just that: decentralized transparent crypto brokerage.

Thank you! Upvoted and resteemed!
@bitsy

Get educated and pass out to get a white collar job is before, now both that get educated and those that did not are now in the same category cos bots have already take the human being place an now many world percentage are now jobless but I think only blockchain and cryptos can help us cos we are all slave to Tech giants

Our view is giving people the safety net of a basic income is the most viable approach at this time

great idea.
How to pay for it morally?

Automation is a real threat, but the fact that a job is no longer a defense against poverty is like a silent enemy nobody is talking about