Cryptocurrencies - foundation for universal income.

[1C6fV5DtakfKANLJ8GUV7hCaA]

Elon said that universal income will come one day. I think crypto is leading us towards that. What do you guys think?

[1 currency now]

Elon said that universal income will come one day. I think crypto is leading us towards that. What do you guys think?

Universal income is one thing and Bitcoin is another, I am sure that the governments will make something else that will allow people to get paid every month like they are trying to do in Switzerland.

[Kez1817]

    Cryptocurrencies-foundation for universal income....i think so. Because everyone from different countries are working and making profit through cryptocurrencies. And we are now in a computer world which is anyone can do job online.

[Doge dealer]

This is a very interesting and im  sure controversial position . This of course refers to periodic cash payments , unconditionally delivered to every person without condition meaning the person is not required to do anything at all to get this grant , he is not required to work or pay taxes in order to qualify. It would be somewhat similar to social security (excepting social security has conditions). crypto currencies definitely has the ability and reach to be able to do this, crypto currencies is indeed the currency of the one world and it will make distribution of universal income a simple and stream lined process.

[bill gator]

It would have been nice if you put a little more effort into this thread. I would have liked to have seen a reference to Elon saying this, because I've never heard it and it sounds like an interesting listen. Normally I find him quite boring even when he is saying something extraordinary, but in the context of trying to relate it to bitcoin I would have liked a clearer picture of what we are talking about. I don't know how feasible bitcoin would be as a conduit for universal income, when most people around the world do not have access to the internet; bitcoin cannot be more universal than the internet (can it?), so I don't see that being a very feasible option, unless you are speaking about a starting point.. In which, I suppose it is possible, although where would the initial capital come from? Who would be involved in universal and how would we be able to verify somebody isn't being paid multiple times?

Your questions is lacking so many parameters I am finding it hard to give you a fair response. I don't think these two things go together unless there was an extremely generous donor to supply this and a brilliant engineering and software development team to design it. How do you reconcile these issues or have you yet to consider them?

[CryptoJoshua]

Quite impossible for this to become a universal income. There would have to be enough demand for Bitcoin in order for the price to increase in value to the point where even small holders would earn decent money. It is however, entirely possible for many people to have an income completely based on Bitcoin but this will never be true for the whole population.