There’s been quite a bit discussion in both the basic income and cryptocurrency communities for a while (plus, some discussion within the party) about the potential relationship between the two concepts, principally: using a cryptocurrency as a means of distributing universal basic income in a transparent & equitable fashion.
On this topic, I stumbled upon an intriguing post on r/BasicIncome a while back, where the author proposes an novel (donation of intellectual property) funding model for a basic income. To quote said user’s summary (the linked post goes into far greater detail):
Create a new cryptocurrency, where all freshly minted coins are distributed as a UBI, and then create a Digital Autonomous Entity that people can donate IP rights to, which turns around and sells licenses to that IP, but only accepts the UBI cryptocurrency for payment, forcing businesses that want to use the IP to buy into the currency/buy it from the people using the UBI, bootstrapping the value of the currency until its adoption (hopefully) becomes a self-sustaining process.
Given that all three of these topics; basic income, intellectual property & cryptocurrencies have all individually been discussed quite extensively within the party, I figured this particular synthesis of the three would, if nothing else, foster an interesting discussion.
What are your thoughts on this concept?