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by glocoin
1510 days ago
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Global Income Coin is a non-profit. We run entirely on philantropic donations. We won't use created tokens to fund ourselves; no hands in the cookie jar. There’s also no pre-mine, founder/investor allocation, or any other for-profit scheme. We won't sell data. |
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That sounds pretty much like what give directly already does. But unless there is some kind of trick played with the currency, you haven't created any revenue stream which enables you to do this indefinitely.
Like it feels like you are making some revolutionary promise, but haven't made any revolutionary innovation that actually enables it. It seems like there's just hand waving around "cryptocurrency" and somehow that enables indefinitely handing out money.
Hard to put a finger on but just doesn't add up to me.
On paper it's a great goal. I wish you luck with it.