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What does everyone think about the idea of a Universal Basic Income?
It is gaining popularity on both sides of the political spectrum, and there are increasing numbers of live trials of the system.
The concern is that the next wave of automation will create a new class of effectively unemployable people, and that as this continues some system will need to be in place to support citizens. Waves of automation in the past have simply created new jobs in different spheres. The industrial revolution cut agricultural jobs but created factory jobs. The development of computers over the last few decades has hit manufacturing jobs but replaced them with new opportunities in the service sector. The problem is that as AI starts to take hold, many of these jobs will go as well. It used to be the case that there were always jobs that computers couldn't do, but in the future this will rarely be the case.
Universal Basic Income also removes some disincentives to work, and what is called the 'welfare trap', whereby the resulting cuts to benefits due to new part-time work can make it economically preferable to not take part-time jobs.
So as we are generally a technically minded set of people on here, with one eye always on the future, what do people think? Is UBI inevitable? Is it desirable? Personally I think probably both. It is at least worth trying. It is a step towards reducing inequality, and will provide an element of empowerment to the disenfranchised, and so perhaps alleviate some social tensions. It will also drastically simplify existing complex and expensive welfare programmes. UBI needn't be hugely expensive either, an overhaul of the taxation system to make it more genuinely progressive could free up huge quantities of money.
It is gaining popularity on both sides of the political spectrum, and there are increasing numbers of live trials of the system.
The concern is that the next wave of automation will create a new class of effectively unemployable people, and that as this continues some system will need to be in place to support citizens. Waves of automation in the past have simply created new jobs in different spheres. The industrial revolution cut agricultural jobs but created factory jobs. The development of computers over the last few decades has hit manufacturing jobs but replaced them with new opportunities in the service sector. The problem is that as AI starts to take hold, many of these jobs will go as well. It used to be the case that there were always jobs that computers couldn't do, but in the future this will rarely be the case.
Universal Basic Income also removes some disincentives to work, and what is called the 'welfare trap', whereby the resulting cuts to benefits due to new part-time work can make it economically preferable to not take part-time jobs.
So as we are generally a technically minded set of people on here, with one eye always on the future, what do people think? Is UBI inevitable? Is it desirable? Personally I think probably both. It is at least worth trying. It is a step towards reducing inequality, and will provide an element of empowerment to the disenfranchised, and so perhaps alleviate some social tensions. It will also drastically simplify existing complex and expensive welfare programmes. UBI needn't be hugely expensive either, an overhaul of the taxation system to make it more genuinely progressive could free up huge quantities of money.
Personally, I think universal basic income is inevitable but I'm not fully aligned with your conclusions around the "welfare trap". The younger generations are already positioning themselves more as designers (engineers, coders etc) so I think the real challenge is for the older generations. The first jobs to go will be manual labour jobs like driving or stacking shelves and I think many will be glad to stop these and begin receiving UBI.
For many people, they don't work for money exclusively, they work for money to be able to pay for their necessities (food,shelter,clothing etc). I think its very difficult for people to understand the concept of free money and I could see some kind of indirect form of UBI in which necessities are provided. It's easier from a physcological perspective to invent and introduce technologies and concepts which cover these costs than re-invent the monetary system.
And finally, If we do achieve some kind of UBI, The beauty of the system (if implemented well) means that it doesn't matter what people do with their time. I think many people will sit for a few months chilling on netflix and playing the xbox but the human mind (without always realising it) craves meaning. I believe many people will follow passions they were forced to give up like art or music because they were unable to make a career out of it. For those more innovation driven, working on worldwide problems like disease, famine, renewable systems and potentially as far as lightspeed travel. I think that until we take care of our basic human needs, only then can we truly reach our potential as humans and push the boundaries of what we know and understand.
If anyone reading wants an interesting book related to this, i found bulls**t jobs by david graeber to be really useful.
We've had over 50 claims in the first 24 hours! thank you to all who have participated 
Over 100 claims which is great to see! also keep up to date with sagecity development on our main thread: https://bitcointalk.org/index.php?topic=5127211.0
We recently posted a development update: https://www.sagecity.io/blog
Hey everyone,
we realised that we set up the wrong type of telegram group and nobody could talk to us. That has now been resolved and you can join us and chat to the Sage Team here:
https://t.me/joinchat/JoKMKxbl3y69aXO0Lb0bdw
we realised that we set up the wrong type of telegram group and nobody could talk to us. That has now been resolved and you can join us and chat to the Sage Team here:
https://t.me/joinchat/JoKMKxbl3y69aXO0Lb0bdw
Afternoon All,
We've got a small cool update for you today. Attached below is the link to the first ever sidechain transactions carried out on the SageCity platform:
https://explorer.sagecity.io/tx/0x29c0a46f540f8699dc192656ba4b6c868a237ce31c5ea9488e82a8cf7f4c0330
One of the main things you will notice is how cheap it is to carry out these transactions on the sidechain and provides huge saving costs and customisation for projects and enterprises looking to use sage.
We've got a small cool update for you today. Attached below is the link to the first ever sidechain transactions carried out on the SageCity platform:
https://explorer.sagecity.io/tx/0x29c0a46f540f8699dc192656ba4b6c868a237ce31c5ea9488e82a8cf7f4c0330
One of the main things you will notice is how cheap it is to carry out these transactions on the sidechain and provides huge saving costs and customisation for projects and enterprises looking to use sage.
Sagecity Bounty Thread
Community Thread: https://bitcointalk.org/index.php?topic=5127211.0
Bounty: https://gleam.io/IDVXZ/sagecity-coin-giveaway-win-5-sage
On the 14/5/19 at 6pm BST 25 lucky participants will win 50 SAGE on top of the 5 SAGE all participants will earn.
HI Everyone,
The SageCity giveaway is now live!
Giveaway: https://gleam.io/IDVXZ/sagecity-coin-giveaway-win-5-sage
Bounty Thread: https://bitcointalk.org/index.php?topic=5132020.new#new
All participants will win 5 $SAGE and 25 will win 50 $SAGE in the winners draw on the 14th of May.
Giveaway will commence on the 15/4/19.
To participate, make sure you download the latest wallet: https://github.com/Sagecity/sagecity-wallet-installer/releases
To participate, make sure you download the latest wallet: https://github.com/Sagecity/sagecity-wallet-installer/releases
On Monday we will be announcing a giveaway where you can win 5 $SAGE, join our telegram room to stay up to date
https://t.me/joinchat/AAAAAFOF4THkvo04HoWnsw
https://t.me/joinchat/AAAAAFOF4THkvo04HoWnsw
Apologies for the delay with this, we are finishing off an auto-installer version of the wallet to make installation a lot easier so that the giveaway is easy for people to access
On Monday we will be announcing a giveaway where you can win 5 $SAGE, join our telegram room to stay up to date
https://t.me/joinchat/AAAAAFOF4THkvo04HoWnsw
https://t.me/joinchat/AAAAAFOF4THkvo04HoWnsw
One of our founders will be at CoinFest in manchester 4-6th of April, its a free to attend event if anyone wants to come along, more information here ----> https://coinfestuk.org/CF2019/
If anyone wants to meet and discuss sagecity, drop us a tweet via our twitter: https://twitter.com/TeamSagecity
Network hashrate has really taken off since we joined the bitcointalk community so a big thank you to everyone who has shown us support so far.
You can view the network stats here: https://explorer.sagecity.io/stats/hashrate
If anyone wants to meet and discuss sagecity, drop us a tweet via our twitter: https://twitter.com/TeamSagecity
Network hashrate has really taken off since we joined the bitcointalk community so a big thank you to everyone who has shown us support so far.
You can view the network stats here: https://explorer.sagecity.io/stats/hashrate
I agree with you. When the project starts with such a lies, think that spending time and money on it is a silly idea.
Understand that all developers want to make money in such a market, but there must be some limit.
Hi Syndrome,
Our project has been publicly available since early march and been promoted since then too.
we've had coverage from national fintech organisations and from twitter accounts with over 4000 followers.
As mentioned to CJ, the stats in the block explorer reflect the addresses directly interacting with the network.
Our sagepool address ends in "6d" and under that there has been over 15 individuals participate in mining since launch before using the bitcointalk forum.
We had an initial community forum page on cryptocurrencytalk but unfortunately we didn't have much interaction which is why we moved here.
Hope this helps clear up the situation,
Adam
A few more social links:
our twitter: https://twitter.com/TeamSagecity - drop us a follow as we post regularly there
Each month we will be publishing a monthly newsletter, you can subscribe here: https://www.sagecity.io/community
our twitter: https://twitter.com/TeamSagecity - drop us a follow as we post regularly there
Each month we will be publishing a monthly newsletter, you can subscribe here: https://www.sagecity.io/community
I like to hear more of you and your progress. 
Thank you, happy to answer questions here or on our socials, the telegram might be of most interest to you
https://t.me/joinchat/AAAAAFOF4THkvo04HoWnsw
pfft, 125,000 blocks already mined, but network hash is @ 2 GH/s
so you just been soloing your own coin for what 3 weeks?
ONE miner also = 80% of the whole network according to your explorer
ya im good, not even worth switching a rig for lol
so you just been soloing your own coin for what 3 weeks?
ONE miner also = 80% of the whole network according to your explorer
ya im good, not even worth switching a rig for lol
Hi Cj,
We launched early march and had our twitter and cryptocurrency talk page live but the community isn't very active there unfortunately.
Also, the miner distribution chart only takes into account the mining addresses directly interacting with the network, our pool address ends in 6d and we have had a lot more people mining through that over the last few weeks
Quote
Advice
CPU mining is not recommended.
CPU mining is not recommended.
Hey, the overall hashrate on the network is still relatively low so don't be deterred from participating right now. We do have some plans for a CPU only pool soon though.
In the meantime, keep your eyes peeled for a giveaway
etash is for asic now，body
You can mine Sage with claymore ethminer at our pool: https://mining.sagecity.io/#/
120k blocks mined alright since March 12th announcement? Whats the blocktime? Is this a premine?
We publicly launched on march 12th and had a forum page over at cryptocurrencytalk but didnt get much interaction, mining is available to anyone who wants to participate.
Blocktime is around 15 seconds but it varies while the network is in its infancy
There is no premine, only a 3% minting founders fee which we are planning to utilise by community voting on spending (check out the whitepaper: https://www.sagecity.io/technical-whitepaper)