Quote from: IMZ Noo Account on August 19, 2025, 11:41:59 PM

'One type of UBI coin I have discussed several years ago in this forum and forgot to mention in my last post was a "geolocalized token". The idea was: instead of distributing the tokens to individuals based on biometric features or national IDs, they could be "dropped" to places around the world and people would have to "collect" them. Tokens could even be dropped regularly inside people's houses.'

In Australia, the unemployment benefit is still called 'the dole' after the century-old practice whereby one went in person to receive a range of foodstuffs -- 'the dole.'

In the early 1980's, I interviewed an elderly man who recalled it from his childhood in the 1930's in Newcastle, New South Wales.

He mentioned that you got a little packet of cigarettes, and that smokers would be 'hangin' out' for the last few days before dole day.

I think you're referring to "GeoCoin". As far as I know, that project is already dead. But the concept/idea was great. There's another crypto project that resembles the idea of a "Universal Basic Income". It's called IDENA, listed under the ticker "IDNA". You'd basically need to "check in" at a certain time (epochs in the Blockchain), to verify you're indeed a human. After the process is complete, you're awarded with IDNA coins in your wallet. It's all part of IDENA's consensus algorithm.

If governments had such a system, the economy would be much more equitable. But that will never happen. Especially when the rich/wealthy will strongly oppose it. Therefore, a UBI would only be a pipe dream. We'll see what happens in the long run.