@eternalgloom

I'm passionate about both blockchain technology and Universal Basic Income. I think both can help with the fight against global warming
But I also enjoy writing ;p

I've been going through all of these quite exhaustively and signing up to as many as I can. I'm not kidding, it's been a crazy 2 days and I have learned a lot. I honestly think UBI is the way forward but I think someone should mention the elephant in the room with a lot of these initiatives. My biggest problem with all of these projects is that they all seem to be following the rules of neo-liberalism, this idea that an open market will provide for all is not right. The thing is, let's say a poor farmer from a third world country and the community around him went onto one of these networks. To begin with these poor people trade the cryptocurrency amongst each other for grain and other produce, life is good. Then someone in a rich country decides to buy a really large amount of the same currency. The poor farmer decides to see if he can make more money, so he advertises his grain as being more than he is selling to the locals. He then gets noticed by the rich guy who considers his grain as extremely cheap. At that point it wouldn't matter if all the locals got a small amount of money each day if a large amount of people from rich nations are selling their currency to a few people. At the end of the day, they will still end up with nothing and all the grain will go to the rich country for a better price. If you read up on South Korea and how the went from rags to riches in just 50 years. You will see how important it is to protect a growing industry. They increased import taxes on electronic goods and increased public spending on anyone making a business in the elecronics industry. Before they knew it they had Samsung. Samsung was protected as a baby and allowed to grow. Only then was placed into the global market when it was mature enough to take it.
I know that would be a big problem to tackle but I think it should be tackled in some way. It is nice to see that UBIC wallet (my favourite so far) seems to be doing just that. It was easy to set up as well, scan my passport, it then gave me a unique currency that is linked to the country I am from (the currency is UUK, I am from the UK). It then just requires exchanges to ensure that the currencies are exchanged at a rate that would protect the poorer members of the group. It's still hard but at least it's a step in the right direction.