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RE: Hypothetical Price Stable Crypto Currency with Basic Income
Regarding uniqueness validation, proof of individuality is one attempt to achieve this through coordinated group video hangouts, relying on the fact that no one can be in two places at the same time. I'm not sure though how they address hiring someone to take part and then acquiring their token.
I think others use or propose piggybacking on government issued documents, forming webs of trust and/or verifying biometric data but I haven't been convinced that any of the solutions so far would be able to stand up against an incentive to counterfeit identity as large as an individual's living wage.
The key is bonding individual behavior so the cost of cheating is revoking any profit and the bond.
Yeah, I can see how that could help. Am I understanding correctly that you would require a deposit that is subject to forfeiture if caught cheating? But in that case, wouldn't there be a dilemma between pricing it too high for those who need it most and pricing it too low to deter cheating?
Maybe another piece of the puzzle that would help with my worry about hiring someone to participate would be ensuring that any participants are fully aware of the value of their proof of uniqueness.