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<h3>UBI...</h3>

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UBI (Universal Basic Income) is a system where a basic income is given to everyone, an income that enables them to survive, an income that provides them the most basic human needs, which are food, a house, water and hygiene.

UBI has long been discussed among academics, Milton Friedman in 1968 was already discussing the idea of a sort of UBI based on negative income taxation. He would do this by giving 50% of the unused tax exemption money to the family. For example, if a family of four had tax exemption until the income of $3,000 but was earning only $2,000 that means that they would have an extra $1,000 of tax exemption. The negative income tax would give 50% of those $1,000 to that family, so they would get the $2,000 plus $500.

If the same family had $0 of income that family would get 50% of the $3,000, so, they would get $1,500 at the end of the month.

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UBI has been the target of many critics throughout time, some saying it would be hard to implement, others saying it would be impossible because people would stop working, other saying whole countries would stop if UBI was implemented... Most of these critics have been proven wrong and a study will be released later in 2019 about a UBI experiment done in Finland. With automation and blockchain we are very near to making this system a possibility!

<h3><b>Decreased production</b></h3>

One of the critics against the UBI economic system was that people would choose to not work if they had a fixed basic income that allowed them to survive, reducing the productivity of whole countries. This is wrong!


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Humans have existed for thousands of years, and one thing has been constant since the first caveman said Bugaga, humans like to work, humans like to have a purpose even though they don't realize this! Since the beginning of mankind humans have tried to find a purpose a meaning, something to fulfill their lives, humans like to be occupied, they wouldn't stop working! With this negative tax system, they would be rewarded for working, in the example above they would be rewarded for working up to $3,000.

Humans want to live and not to survive, the UBI would only enable them to survive, but not live. Extra work with extra income would still be a priority if that person wanted to live.

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Whole countries wouldn't stop because more and more automation is replacing humans in all sectors of industry. We, humans, are starting to see a decline in physical jobs, and an abundance in resources. The first economic class of people affected by this automation are the poor, that are seeing their jobs be taken more and more by automation, the UBI system would prevent the poor class from becoming poorer.

I would also add that we are moving towards becoming a space travel species, making it so the abundance in resources increases even more! One single asteroid has enough metal to make a bazillion number of phones. Some asteroids are valued in the Quadrillions of dollars!

This UBI system would also allow everyone to do what they truly loved, improving the mental health of many and maybe increasing productivity in numerous sectors...

>"If you love what you do, you'll never work another day in your life." - Mark Twain



<h3><b>Increased Expenses</b></h3>

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Another critic against the UBI system is that the cost of implementing such a system would be hard, it would require lots of extra expenses and would be hard to keep track of everything. Well, the interview I saw was from 1968, back then computers and internet weren't a thing, blockchain wasn't a thing!

With the way our world is evolving into a more decentralized, open source, free-market world we are seeing an improvement in the digitalization and automatization of transactions, of income, of assets, of liabilities, we are seeing more and more the digitalization of our current world. This digitalization and automatization makes the whole tracking, and increased expenses obsolete!

With the use of Smart contracts and cryptocurrency we can see a fairer, faster, less expensive automated world surfacing, a world where everything is managed by code and AI. The distribution of the UBI, the track of all expenses, the track of all incomes will soon be done by an automated computerized system. Let's hope Skynet doesn't show up and nuke us all to hell in this new digital world.


https://www.youtube.com/watch?v=ULG2sCqBLuk


A must watch video of the difference between Welfare and negative income tax


https://www.youtube.com/watch?v=LNffhKX4KC8&t=

A must watch youtube videos of Friedman explaining his negative income tax 




After reading one of @meno 's posts about the [the poverty trap](https://steemit.com/sociology/@meno/the-poverty-trap) I decided to look into UBI, especially blockchain UBIs, and that is what I'm going to do today, view some of the UBI systems being developed in the different blockchains!


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<h3>Acorn</h3>

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<i><sub>Acorns for everyone!</sub></i>


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One of the blockchains playing around with UBI is the Telos Blockchain, a fork of the EOS blockchain that intended to spread around the Telos coin more fairly among all the accounts.

The Acorn token is a fun project that runs on the Telos Blockchain, it's a fun experiment that intends to bring blockchain awareness to the masses by using the Acorn UBI system.

This Acorn UBI system allows one to earn Acorn through transacting Acorn, if you earn 1 Acorn you can send it to another account and earn more Acorn for 7 days. So, you have to use Acorn to make Acorn.

<h4>Is it worth Investing? </h4>

No! I wouldn't invest in it... It's an almost worthless token without any demand systems or scarcity systems in place... You earn Acorns through transacting, so the supply is always increasing, there are almost no use-cases for the token, so it has 0 demand for it...

<h4>Is it worth looking at?</h4>

It depends... are you a total noob regarding transactions and blockchain? If the answer is yes, then go ahead and give the token a try. It seems like an awesome project to teach noobs the basics of blockchain tech. If you aren't a noob regarding transactions and blockchain tech then there is no need to give the token a try. The token is more like a teaching tool to smooth new crypto adopters into the tech. And may provide the bases for an actual UBI system to be developed on a blockchain.

[Medium Article Explaining Acorn](https://medium.com/@fcecin/acorn-a-telos-token-for-everyone-7c3914f55054)

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<h3>URI/UBI on EOS</h3>

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Dan Larimer the creator of DPoS, Bitshares, Steem, and EOS already mentioned in many posts and in many conversations on Telegram that he intends to do a UBI on the EOS blockchain. There are virtually no news or information about this. The only known information is that he first intends to solve the Sybil attack problem, an attack that results from creating multiple accounts, this attacks happens in most blockchains. He intends to do this through the use of a sort of KYC system called Proof-of-life.

There aren't many details about this Proof-of-life system that Dan Larimer intends to create, and all the information around might be misinformation, so take my next words with a grain of salt, but from what I read this Proof-of-life system might be based on uploading a picture and a name unto the blockchain. I don't like KYC on blockchains but maybe it's something that needs to happen to prevent these Sybil Attacks.

[Medium article with Dan's Telegram messages](https://medium.com/acroeos/ubi-uri-proof-of-life-eng-6678f19ebd33)

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<h3>STEEM Basic Income!</h3>

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<sub><i>Graphic design by @ecoinstante</i></sub>

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SBI is a sort of UBI system that runs on the STEEM blockchain. It's a system where one Steem user sponsors another STEEM user SBI shares, each SBI share costs 1 STEEM and both the sponsor and the sponsee receive 1 share when the sponsorship happens. These SBI shares are worth daily upvotes from one of the SBI accounts for as longs as the STEEM blockchain exists. The more shares one has the bigger the upvote from the SBI accounts.

With the aim of increasing quality over quantity @sbi designed a system where if one doesn't post daily the upvotes stack for the next time the user posts. This system increases quality over quantity on the STEEM blockchain, increasing the Proof-of-Brain of the blockchain. Also, it has systems in place to prevent spam and plagiarism. The main developer of @steembasicincome, @josephsavage is a member of @steemflagrewards that prevents reward pool rape, spam, plagiarism on the STEEM blockchain, which makes me trust him even more with the long-term support of the @steembasicincome project.

I only have a few SBI shares but I intend to get more for the next bull run, especially since I want to be a long term content creator of the STEEM ecosystem.

[SBI FAQ](https://steemit.com/steembasicincome/@steembasicincome/frequently-asked-questions)

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<h3>Swift Demand</h3> 

I just found out about this one through @abh12345. It's an attempt at a basic income system where 100 swift are dropped to all accounts, no matter how much swift they have, everyone gets the same. The only way to increase these 100 swift is through referrals which will be disabled at a later stage in the project.

The website already has an online store where small products are sold for Swift. The Swift token doesn't run on any blockchains at the moment, so it isn't a cryptocurrency yet...

It has a thorough user ID system called BrightID where users have to provide their pictures, names, addresses, etc... this supposedly prevents Sybil Attacks. I was midway through the registration when they asked me for a selfie, it was too much information to put in a website that I don't know enough about. I might revisit this decision at a later date.

@abh12345 referral code for Swift Demand: [Referral](https://www.swiftdemand.com/?referred_by=asher)
[@abh12345 explaining SwiftDemand more in depth 2 years ago](https://steemit.com/basic-income/@abh12345/swift-demand-the-basic-income-experiment-with-online-currency)

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<h3>GoodDollar</h3>

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Created and sponsored by the CEO of Etoro, Yoni Assia, is a project trying to bring UBI to the whole world. The project is still being worked on but intends to use face to face recognition, users vouching for new users, detecting Sybil algorithms and input from social networks to prevent Sybil Attacks. It doesn't have a blockchain yet, but supposedly the project wants to fork ETH and add some new features.

I would advise anyone that likes UBI to read their sort of whitepaper where the history of UBI is explained in depth since the early 16th century.

[Whitepaper](https://www.gooddollar.org/wp-content/uploads/2018/11/GD-Wealth-Distribution-Position-Paper.pdf)



There are [other UBI projects](http://basicincome.wiki.yt/en/UBI_Currencies) currently being developed. But between all the UBI projects being developed, I'm waiting for the EOS UBI system with proof-of-life... at least that UBI would have the giant EOS ecosystem around it and Dan Larimer. In the meanwhile, I want to increase my @steembasicincome shares because STEEM also has a huge community and ecosystem around it that I'm almost certain will have a future in this new decentralized world we are building. If anyone wants to send me some SBI I'm more than glad to welcome them.



Images Free Source - [1](https://pixabay.com/pt/gols-configura%C3%A7%C3%A3o-escrit%C3%B3rio-2691265), [2](https://commons.wikimedia.org/wiki/File:Veterinary_symbol.jpg),[3](https://commons.wikimedia.org/wiki/File:Coffee_cup_flat.svg),[4](https://pixabay.com/pt/silhueta-reimpress%C3%A3o-pata-p%C3%A9-tra%C3%A7o-1314467/),[5](https://pixabay.com/pt/impress%C3%A3o-da-pata-patas-imprime-941498/),[6](https://pixabay.com/pt/m%C3%A9dico-medicina-homem-m%C3%A9dica-2025726/), [7](https://pixabay.com/pt/photos/vapor-steam-eu-moeda-virtual-moeda-2996783/), [8](https://pixabay.com/pt/illustrations/contador-calculadora-contabilidade-3681227/), [9](https://pixabay.com/pt/photos/empres%C3%A1rio-poss%C3%ADvel-imposs%C3%ADvel-3963988/), [10](https://pixabay.com/pt/photos/artes%C3%A3os-site-trabalhadores-for%C3%A7a-3094035/), [11](https://pixabay.com/pt/photos/rob%C3%B4-bra%C3%A7o-rob%C3%B3tico-terra-globo-3009602/), [12](https://pixabay.com/pt/photos/terra-internet-globaliza%C3%A7%C3%A3o-2254769/), [13](https://pixabay.com/pt/photos/bolotas-sementes-carvalho-brown-1013486/), [14](https://commons.wikimedia.org/wiki/File:EOS_Logo.svg), [15](https://pixabay.com/pt/illustrations/chuva-de-dinheiro-euro-banco-1013711/), [16](https://pixabay.com/pt/illustrations/dinheiro-chuva-dollar-especular-1268883/), [17](), [18](), [19](), [20](), [21](), [22](), [23](), [24](), [25](), [26](), [27]() - Tradingview snapshots too.


![coffeseparator bigger.png](https://steemitimages.com/DQmbFPcudXwq6sAupKJkyLVMjbZST2wdq7Hjh4NdGFNn85D/coffeseparator%20bigger.png)

<b>Question of the day: Do you know of any other good UBI systems being developed on blockchains? Are you trying to increase your SBI shares like I am?</b> 

![coffeseparator bigger.png](https://steemitimages.com/DQmbFPcudXwq6sAupKJkyLVMjbZST2wdq7Hjh4NdGFNn85D/coffeseparator%20bigger.png)
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