Crypto and UBI compatible?
Are crypto and UBI compatible?
If the Money Printers introduce the CBDC with UBI and a social credit system, they will not allow other UBI systems to run over their networks. If you really want to be anonymous like in Pirate Chain and the creation of a Pirate Chain wallet is completely decentralized and anonymous, then it is not possible to check your identity for duplications (the Sybil problem).
Due to that extreme contradiction (complete anonymity and ensuring that an identity cannot be duplicated) it does not seem that a cryptocurrency can ever be united with a UBI system where all users receive an equal share in the money creation.
Still Have Questions?
The 1CoinH / Ethical Money system is nothing like we have ever seen before. We can imagine you have plenty of questions left.
Please don’t hesitate to ask us. It also helps us to understand what we haven’t explained well enough.