Ah, true. I believe you receive the currency for nothing, but you can’t spend it unless other people trust you. So, yes, that’s a subtle nuance because if you have me a US dollar it’s already widely accepted and I could spend it in many places. This said, without a way to ensure people aren’t creating multiple identities, the system won’t work. So I don’t see how you get around the need for trust signals to make the currency viable.
RE: How might a basic income cryptocurrency affect governments, states, and citizenship?
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How might a basic income cryptocurrency affect governments, states, and citizenship?
Oh, I think the currency system is interesting. But it is no basis for universal basic income as it laid out in the white paper.
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