Universal basic income models based on blockchain systems are being developed, but are they practical?
Universal basic income, commonly referred to as UBI, dates back to the 16th century when Sir Thomas More depicted a society in which every person receives a guaranteed income in his famous book Utopia. While Utopia is a fictional work, the reality of a basic income has come to fruition, as it has been reported that the number of people unemployed in the United States has reached 36 million — a number comparable to the Great Depression.
Yet as the U.S. federal government attempts to distribute […]
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