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Would it be possible to set up a cryptocurrency that pays out a regular amount to people who download an app, as well as obviously paying miners, so it can be traded for a local currency on a platform such as Coinbase and thus used as a Universal Basic Income without needing any government to set up a scheme?
I do not know a great deal about crypto or blockchain and know such a scheme would be much more complex in reality than the brief outline given above but I'm just trying to establish whether such a thing would be feasible.
I do not know a great deal about crypto or blockchain and know such a scheme would be much more complex in reality than the brief outline given above but I'm just trying to establish whether such a thing would be feasible.
What you're asking for seems to be more complicated, you ask for Basic Income but without a scheme, then what principles / principles should you use?
magic ? Paying trader and miner? then who are the customers and investors ?
Even real life, some people are getting struggle for their life
