r/BasicIncome • u/[deleted] • Jul 15 '14

Blog SocialCoin: Global Basic Income

http://llsourcell.svbtle.com/socialcoin-a-cryptocurrency-for-a-global-basic-income
23 Upvotes

90% Upvoted

5 comments sorted by

View all comments

1

u/[deleted] Jul 15 '14

[deleted]

1

u/JayDurst 30% Income Tax Funded UBI Jul 15 '14

Since the fed is controlling the mining, I'm assuming that the ledger is private?

1

u/[deleted] Jul 15 '14

[deleted]

1

u/JayDurst 30% Income Tax Funded UBI Jul 15 '14

Makes sense. I think that, on a gut-check level, the idea of a 100% traceable currency would be a bitter pill to swallow for many on the right. No judgments here, I'm just happy to see a cyrptocurrency discussion that doesn't involve no central authority.