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RE: EOS Providing A Basic Income?
Uf. This is a really tough one. Lets assume you have a country sitting on natural minerals or metals that can be mined at 0 cost in workpower and resource. Powered by free energy, final product created by automation. That resource is scarce, unlimited but essential....
The question is, who reaps rewards? In a capitalistic system the owner of the automation system. But what if you could build that system only once and automate its value creation to infinity.
If you can do that i do not see why UBI would not be possible.
I think blockchain will be the first step. Second step is AI.
All you need is automated value creation with minimum cost and a consensus of idea implementation.
I think it can be done.
Why not just have a decentralized autonomous corporation and distribute the profits to the shareholders? UBI is pointless when everyone can participate in a DAC ecosystem - they'll get paid for just being smart consumers. UBI would just destroy value, therefore destroying the DAC, and therefore destroying the money of the investors. You can't get something for nothing.