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by glocoin 1518 days ago
You're probably aware HN titles have a char limit. I hope you read the website and find more positive things! Some examples:

- We're a non-profit, which we believe is the better organizational model to make a project like this work (for multiple reasons, see draft whitepaper [1])

- UBI requires two things: 1) money to send 2) a way to send it. We have a solution for both: 1) seigniorage 2) the network we're building by incentivizing exchanges to add humans to the network

There are difficult open problems, too. Generating token demand, dampening volatility, sufficiently fraud-resistant identity verification, scaling, etc. Those are active areas of work; the draft whitepaper [1] details the current solution directions we're working on.

[1] https://docs.google.com/document/d/1E09fdrvBr_TgsUqODq-MROfo...

1 comments

I would only repeat what I already said.

I think you would have to be dishonest in your internal thought process to believe in that project, much less promote it.

I say no to shitcoins.

I say no to nonsensical economics.

I say no to UBI which is similar to communism in ways that matter, and cannot work in a moral or economic sense.

How you could end up believing so many awful things?

There are good projects you could be supporting instead of peddling irrational nonsense.

You could be supporting the signal but you are supporting the noise.