The Upvote Economy On Steem: A UBI Based System

There is an interesting project just announced by @clayop. It is an experimental layer placed upon Steem meant to help with identification and helping newer users succeed on Steem.

Essentially, they are creating a basic income for users who verify via their program. This income is given based upon upvotes.

It will start in Korea since there is a strong identification system. The goal is to reach 15,000 new users in 6 months. Those who choose to verify their identities and post will receive a weekly upvote. The account will have a 250K-400K deletion from @clayop with other large stakeholders being contacted. I would presume the goal is to get this account into the millions.

There is also Steem and RC being donated for this cause. The other two backers at this point are @steemhunt and @tasteem. I find it really exciting that two applications are involving themselves in this endeavor.

To read full post:

https://busy.org/@clayop/plans-for-basic-income-with-verification-on-steem

I truly love reading about initiatives like this. Personally, I think this reveals part of the capabilities of the upvote economy. Upvotes have incredible power on Steem because of the reward pool. While many do not like the inflation rate, I think, at this point, there is more good coming out of it than bad. A project like this fully shows the good that we can do.

Basic income is something that I feel is going to be necessary. Those who regularly read my articles know that I am a believer in the idea that technological advancement will destroy jobs. The fact that there were reports that those at Davos, while proclaiming one thing in public, were open behind closed doors with their view that they wanted technology to replace jobs.

People are going to need help. Of course, turning to the governmentmeans that people are just becoming dependent upon the government; basically just switching masters. This is not freedom.

Cryptocurrency (cryptoeconomics) offers another solution. This move by @clayop shows that. Through the use of the upvote. we can fund different things. A consistent vote, similar to what @steembasicincome is doing, can provide people with a revenue stream. We will see how this all pans out over time.

It is fun to watch the different experiments that are taking place. Overall, I feel cryptocurrency is going to be the answer to many of the world's financial problems. It is the game changer that the population is looking for.

Unfortunately, at this point, they do not know it.

If you found this article informative, please give an upvote and resteem.

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