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RE: Proof of stake and basic income

in #bitcoin7 years ago (edited)

yes! automation will reduce the number of jobs over the next 15 years or so. in the past labour saving tech has changed the nature of jobs but increased the number. a limit however has now been reached. a minimal basic income will be needed but it need not disincentivise people: rather it will unleash creativity. when welfare is attached to onerous conditions and has a punitive character, even though capitalaism needs a 'reserver army of labour', then the government is making serfs / slaves of people. [the case in the UK at present.] they do this anyway through money [see antonopoulos on this matter on youtube]. a cashless society which still has banks under the current style of regulation will be a society of total surveillance and we are heading fast towards it. a universally accepted crypto-currency which functions efficiently has the power to over come this. a universal basic income in a people's crypto will have value if it is used for exchange.