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RE: Debate Forum - Week 8 - Guaranteed Income
This brings up some good points! It seems dangerously close to welfare in my eyes. Here in Canada welfare can be a nightmare, you have to stay on the phone for hours or in line for hours and waste your day talking to people who do not care if something goes wrong with your payment. Some people really need it and others really dont. It hasnt solved any homelessness issues because you need an address or ban account to recieve it!
I think a more human and personalized approach needs to be taken with poverty. I think the government is failing miserably at this, which is historically one of the governments prime initiatives, to improve the lives of the people.
You won't need a bank account or an address, you will be chipped. Go to any bank and get your chip scanned and walk away with your payment.
that is a pretty intimidating thought, yup! I think, that cryptocurrency would be the solution then. I can't see many crypto enthusiasts and anarchists being okay with being chipped.
I haven't decided if crypto currencies will help. The big four banks here in Australia have refused to deal with crypto's, so you can't do anything with them even if you want to. If people become reliant on crypto's, the banks will just say NO MORE - leaving the whales high and dry.
Even stacking has it's problem. There is a $15 mark up on silver. So an ounce costs over $30 and buy back $22 and you cant spend it anywhere. it's only viewed as valuable by other stackers.
The banks have to be careful because they can be left behind. People can trade crypto currencies between one another, completely bypassing the banks. The only reason people need banks is to deal with fiat currency as the government and most corporations don't accept crypto. That could change.
You're so nice for commenting on this post. For that, I gave you a vote!