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RE: Introduction to VIVA : A Price Stable Crypto Currency with Basic Income (that's not Hypothetical)
There is nothing magical about it and if you give everyone equal amounts of it simply by right of being human, you actually zero that amount of money out of the economy.
Great work William, but just to note, humans are not the only consumers nor the only money makers, so UBI doesn't actually mean everyone. Only the humans.
Well very true, but that's why we use labor proxies and properly account for them in the system.
Anyone in our system can hire a labor proxy for nearly any task whether that proxy is made of flesh and blood or silicon, metal and oil it doesn't matter. At the end of the day every one who participates sees living wage for their participation and the hiring of a proxy increases your income but only to a point.
There is nothing wrong with being rich or having rich people. But when people are starving for want of money to buy a meal whilst 1% control 99% of the resources. That is a problem.
So we just change how money works and that way everyone gets a fair shot at a good life doing what they love.