Quote from: r0ach on July 11, 2017, 10:02:24 PM

Quote from: phishead on July 11, 2017, 09:50:55 PM

I'm curious as to how a whole global, or even national society, can function on a UBI if that society were to use an asset like Monero or even Bitcoin as the new currency.

This will probably be the most unpopular post ever in the Monero thread, but why would you want such a thing to happen? Cryptocurrencies are rent seeking usury systems. Yea yea, Monero is one of the best of the worst, but they are generally all worse than gold and silver. Smooth doesn't seem to be all that bullish on cryptocurrency in the first place so I doubt he will even bother trying to put up an argument against this, but I'm sure people like Icebreaker and Articmine will try:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

The reason why I would want it (and I'm assuming other people have the same opinion) is because you can't transfer gold, silver, or any other currency for that matter in a digital and decentralized fashion to avoid centralization and possible censorship.

I understand the reasoning of having value in hard assets like gold and silver, but it's obvious the economy is moving towards a more digital market place (happy "Prime Day" everyone).