Universal Basic Income and weekly cryptocurrency distribution from MannaBase!
This is quite the amazing idea to use crytpocurrency as a universal basic income to any person who signs up for the service. I've been watching this closely for the last month or so since one of my favorite bloggers here @taskmaster4450 has been hinting about it for quite some time. If your not following him you really need to, he has excellent discussions about the future of steem and incredibly bullish and exciting predictions.
Mannbase went live last night
Around 1930EST last night this service finally went live. It was a very fast and simple process to sign up and confirm my identity with my name, address, email and cell number. You than have access to your dashboard that is very clean and user friendly. Many of the features are still inactive and the first distribution is going to happen on March 1st and then weekly after that.
They haven't committed to an amount per member since it will change depending on the amount of people signed up, you also get a 50% bonus if you sign up using a referral code and each referrer gets a 100% bonus for each referral, so they will re balance the distribution every week. These tokens are listed on one exchange and can be freely sold and they are currently valued at just over $0.01USD at this time.
They also have a really exciting feature if you wish to delegate your basic income distribution to a charitable cause and this is directly from there whitepaper;
Users may choose to automatically reallocate some or all of their Manna basic income and referral bonuses to other verified participants – either to all of them generally, or to specific users or groups of users selected according to user-determined criteria. This option is intended for economically secure people who do not need a basic income subsidy, and prefer instead that it be distributed to others who may need it more. For example, a well-off user in the United States might decide to allocate 40% of their basic income to their fellow citizens in Puerto Rico after a disastrous hurricane, 30% to children in the 10 countries with the lowest GDP in the world, 20% to a basket of their favorite charities on the platform, and 10% to all UBI recipients except themselves.
This seams like another too good to be true initiative in the world of cryptocurrency
Manna is distributed by the People’s Currency Foundation, a U.S.-based 501(c)(3) nonprofit organization. They seam to have a good team behind them (well they look like good people in the photo's anyways I honestly don't know shit about that). But they seam to be really trying to use this blockchain technology for the betterment of mankind (or peoplekind if your in Canada) and I think that's a great initiative.
I suggest you at least head over and take a look at the platform and white paper and do your own due diligence before signing up, please don't take this as financial advice.
If you do decide to sign up please consider using my referral code in this link
Footer by @bearone
OK @phelimint I signed up under your ref code, lets see how all this goes.....
Awesome man! Can't go wrong with free weekly coins, just make sure you click that green box on the bottom right to verify so you qualify to receive your tokens.
Ok thanks bud.... all done
Awesome man!
Im in it already and have a couple of referrals... lets see how it all goes.
I have high hopes for this project.
Cheers
I'm really excited about it as well, if this catches on it's really going to be another game changer.
Ah yes.
Been a member for a while, got myself quite a sum of Grantcoin hehe.
Good to see their launch went well... can't wait to have a new computer so I can set up my hardware wallet and restore my backup.
Having my mac die on me just before launch wasn't planned 😅
The concept of UBI has me hooked, though I understand well that there are potential flaws (like ID verification and such) that need fixing :)
Got myself a few referrals too, though I have no idea if they'll get verified.
Yeah it really is an exciting concept, I think there's so many opportunities for token distribution in this matter or to incentivize any positive daily behavior. We are really on the cusp of something exciting.
I'm glad you posted this. I forgot about it this morning after all those crashes last night. Will be really interesting to see how this project turns out. I think UBI is inevitable (barring, of course, someone coming up with a better solution), its just a matter of figuring out how to implement it.
Yeah I worry it's fraught for potential abuses but I really like the concept.
Yeah, thats the tricky part. I honestly doubt they will suceed, but I'm hoping they can at least make it far enough where others can analyze the problems they couldn't solve. You dont want to get me on a UBI soapbox, but once again, I currently think its inevitable. "Necessity is the mother of invention" and what not.
I think it's an exciting idea, I think between initiatives like this and other ways to incentivize our daily behaviors using cryptos the days of slaving our lives away may be coming to an end.
Yep. As I said in the first post, I think its inevitable. On the one hand, most jobs are on the verge of being automated, making people slave away at them is simply not an option. On the other, from the ancient philosophers to the modern tech kids, most wealth generation comes from the leisure class, from those who can hold ambitions beyond the next bill date. Even if part of the population decides to sit in front of a tv (hell, we can put them to work curating) those finally freed up to go out and build shit and learn shit and experiment with shit will more than compensate.
my only issue is all the private things they asked in order to sign up for ubi like zip code, address full name etc etc what's your opinion on that
Yeah, it's hard not to do that when the goal is one person one income. There's another project that's planning on using iris scans but how the hell are people in Africa going to get their irises scanned. I don't even know how I would do it here in USA. You have to build a whole infrastructure. So using cell phone numbers as a proxy for personhood isn't perfect but it's good enough to try the concept out.
Edit: damn bilingual autocorrect
Personally, I'm not overly concerned I feel like if they really wanted that info they could get it anyways. I don't mind being transparent with all this.
I think its a tricky thing. How do you protect privacy while making sure there is only one account per beating heart? I don't know the answer.
Definitely checking that out. Thanks for the heads up Pheli!
My pleasure man, I think it's a great and everyone needs to sign up!
I will definitely look into that! Thank you brother! 👍🏼🍺🥓
My pleasure, I've been looking for a few ways to get any free crypto and this is by far the most exciting one.
I have already joined up but it is a great project to get behind. Admirable stuff.
Yeah I'm definitely excited about it, I think there so many big things coming down the pipe in crypto land.
Thank you
My pleasure man, I think it's totally worth check out.
Hey! Great post, just a couple of nits to pick. A "seam" is the thing holding your jeans together the word you should be using is "seem" as in it seems like a great idea.
Also your should have been you're in the joke about Canada.
I love Grantcoins/Manna so I just want everything associated with it to be perfect.
Thanks!
Edit: spelling in a post about spelling lol.