Uyboco: Universal Basic Income on the Blockchain (Part 2)

Uyboco: Universal Basic Income on the Blockchain (Part 2)

FM: So what is it about the blockchain that makes it the perfect vehicle for UBI?

ED: Well, the great blockchain experiment started with Bitcoin back in 2008, and if there was anything we learned from it, it’s that it is transparent and virtually incorruptible and unhackable. Being decentralized by design, it has no single point of failure and cannot be controlled by any single entity.

So if you go back to my objections about governments implementing UBI — policy changes, the possibility of corruption or cheating or manipulating the system — then you will understand how putting UBI on the […]

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