I've heard of a crypto-currency which provides a basic income for everyone but why does it have to be basic? Why can't it provide a good income for everyone? Also, will prices rise if everyone was earning a good amount of money? I am only 12 and have no knowledge of the economy but I am interested in learning about crypto-currencies.
that's where you went wrong
Crypto currency does not provide anything except :
a free means of exchange of your energy - i.e your work or production .
now why would the world be a "better" place?
because the "means of exchange" i.e
"money" is issued as debt now and thus your "energy" (productive capacity) is being "drained off", taken away (stolen)
how that mostly happens is though :
1. Tax (obvious) and
2. Inflation (that is when you get paid but your money (Debt money) does not buy you very many "things"
Summary If you really are 12 - if you grow up and this system prevails (i.e Crypto currency disappears)
You will be less than peasant poor - you will be "Piss poor" depending on your status now, but you will certainly enjoy a "Soviet style" life.
oh P.S
do as many fucking drugs as you like , but don't forget - Debt money = you a poor fucker/working slave.