Category: Digital Currencies

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TECHNOLOGICALLY ENHANCED BASIC INCOME AS A SOLUTION TO TECHNOLOGICAL UNEMPLOYMENT

The ideas presented in this article developed in response to help resolve some of the problems which will result from technological unemployment. We believe that as machines become more intelligent and work currently done by human beings become automated there will be a sharp increase in the unemployment rate as humans are laid off to be replaced by intelligent machines. We believe that intelligent machines can be leveraged to provide a basic dividend to a decentralized pseudo-anonymous group of owners as a means of providing an axillary safety-net which cannot be shut down by any government or corporation.

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Beyond Money

Offer Networks, like Bitcoin, would be enabled by Internet technology and advanced computer algorithms. Using Offer Networks, people would be able to make bids to provide one good or service in exchange for getting (not necessarily from the recipient of said good or service) some other good or service that they want. A computer algorithm would reconcile different peoples’ offers and try to find collectively satisfying arrangements.