It leads to inflation in FIAT money. It doesnt lead to inflation when talking about cryptocurrencies, because the maximum number of cryptocoins remains stable.That's because most of the people that got into crypto early actually believe that basic income is a bad thing and should be avoided, as it inevitably leads to inflation.
That being said, I would like to see at least one crypto that does basic income, but does it right.
I hate biometrics. Biometrics is the ultimate privacy invasion, and I am a hardcore anonymity advocate. An alternative proof of individuality that does not require biometrics is the proof of individuality that can be implemented if you apply my proposal . Unfortunately there is not a single cryptocurrency community on earth that has ever applied cryptoparties as a mean of proof of individuality. Many physical cryptocurrency meetings take place all over the world, but no one has ever put a ballotbox, let the attendees put printed wallets/ public keys inside it, in order for the attendees to be anonymized .I still don't see how we could make proof of individuality work on the blockchain. Maybe if your biometrics or your DNA would act as a private key?
The only coin that will survive in the future, will be the coin that will give dividend to the future generations.I'm an ADA whale and no, I won't ever give up my power or vote to give free shit to newcomers. Can't wait to start staking my ADA this summer though!
But that was a good discussion. Much more honest than anything Dash has regarding governance issues resulting from massive power/distribution imbalance between newcomers and Instaminer Whales.
There is a systemic attack on cryptocurrencies, and especially on governed cryptocurrencies.Wow, I didn´t know that there are much other coins with governance. thanks for the post
Please help me inform the people. The system is attacking us...Wow, I didn´t know that there are much other coins with governance. thanks for the post
- A well governed foundation is the key to longevity, growth and stability. The Board of Steering Committee oversees the various functional committees within a decentralized foundation. The board members, through a governing agency, ultimately guide units towards cohesive goals and enables collaboration, efficiency, and output across channels.
- The Board of Steering Committee is the governing body of VeChain Foundation. It represents the balanced interests of the VeChain blockchains stakeholders.