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Showing content with the highest reputation on 02/16/17 in Posts

  1. felixlim

    Global Universal System

    Hi all, I'm new here and is interested in UBI as tool to create a new economy with a cryptocurrency like freicoin/grantcoin. I'm quite against the idea of bitcoin or friecoin using a fixed amount of currency and let market decide the value. Especially its very prompt for founders/investor to hog huge % of the currency, or mining to create new coins. Is there possibility to based create based on per person instead? I made the following assumption: -objective is to eliminate poverty and supplement low income to provide basic need (housing, food, water, education, medical) - t
    1 point
  2. Rik8119

    Global Universal System

    Hi here are some of my questions: ----I'm quite against the idea of bitcoin or friecoin using a fixed amount of currency and let market decide the value. Especially its very prompt for founders/investor to hog huge % of the currency, or mining to create new coins. ---- Who else but the market should decide the price? Price regulations always result in a flourishing black market what is most of the market in crypto. Binding it to fiat money is dangerous, cause they also tend to crash.. ---basic income for business---- Are the businesses also given money? I do not see any adv
    1 point
  3. felixlim

    Global Universal System

    Hi,its not surprising that the success of any digital currency 400+ now will fail despite all the innovative feature n unique needs they identified. Because no one is willing to address all real life situation on the basic and try sell the final stage skipping many important factors. For me i try analyze which coin meet some if not all of my objective and look for possibility to work out a new direction with a ready team instead of try build one from scratch. I also don't agree to grantcoin idea n some of freicoin's, including looking at duniter which is only good that it has take monetary sys
    1 point
  4. Rik8119

    Global Universal System

    Hi there felixlm, welcome to the freicoin alliance forum. I did not get every detail in your plan, but as someone that already build a basic income on the blockchain (Worldleadcurrency - that was active 2 years before grantcoin started.) the hardest part is to get a critical mass of users to get a system going. As soon as this happens there could be further ideas to be developed. That should be more effective than the other way around. There have been extensive ideas to get a basic income involved in freicoin and all the economic implications possible. What i see is that basic income
    1 point
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