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.
I think you just have the wrong fundemental idea of crypto currencies. Don't think of it as a vehicle to EARN money, think of it AS money. It is money. You can buy stuff with it. You can pay me .4 BTC and I will send you a PS3 (shameless advertising
). We just exchanged. The reason not everyone makes good money is because of the "market". There are always losers and winners. Losers are the ones who were wrong. The winners were right. Simple as that. People gamble at "becoming" the winners but buying a certain coin (bitcoin, for example) at a lower price. Then waiting, and selling at a higher price. They won! However, if they bought, and the price goes DOWN, they lost.