RE: Cryptocurrency And UBI
While I was reading, it occurred to me that we could have UBI in a deflationary economy. Anybody with savings would find that the value of their deposit would be worth more tomorrow than it is today. Thus, there is a built-in UBI in deflation.
Governments could fund accounts for people, in which the capital growth could be paid out to individuals. Once the person dies, the government takes back the money. The citizen never touches the principal, only the excess value. We could have governments fund this to a minimum level, and individuals can add to it to increase their UBI.
Actually, this works a lot like Hive. We have a basic "income" from inflation and interest on HBD. We can increase this by capitalizing our accounts. Of course, this is inflation income. But, the principle of having the same starting point and having the option to fund our own UBI is the same.
Obviously, one would not want to superfund a UBI because the government would keep all of it after we pass on. They would need to do this to be able to fund new people entering the system. In this way, a UBI doesn't necessarily have to cost a great deal. Of course, we can't exactly rely on governments to not spend money on the books. Social Security was supposed to be an annuity. But, that ox has been butchered.