RE: How the next recession may unfold

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How the next recession may unfold

in economics •  7 years ago 

I haven't explored the intersection of basic income and cryptocurrencies much, but now I'm curious. I love the idea of decentralizing wealth without an intermediary, but I don't think many existing cryptocurrencies—and especially Bitcoin—have really lived up to the hype here, given how much they rely on exchanges, large mining operations and, as you pointed out, a small group of large owners. If I had to choose between a government and a cryptocurrency for basic income, at least right now, I'd still vote for government. But I might change my mind as I learn more about this.

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PS: I didn't mean to upvote myself, but got a scary warning when I tried to remove it.