Changing My Mind on UBI(geohot.github.io) |
Changing My Mind on UBI(geohot.github.io) |
The ones that have a monthly/weekly/daily free download allowance don’t suddenly deflate the value of “uploaded bytes” across the whole network.
The allowance is enough for someone to bootstrap themselves onto the network by getting some torrents to seed.
UBI should largely be the same? It’s not to replace the incentive of high income, it’s enough to get the basics to live. Trading your time/effort/capital for more income is still incentivised the same way it is now. All the other market effects are still in play.
I don’t understand how Hotz thinks this will suddenly lead to UBI dollars being worthless.
> I don’t understand how Hotz thinks this will suddenly lead to UBI dollars being worthless.
Because he states that he doesn't understand economics. There is no point in debating or really interacting with him.
This piece of mine gets into the variables to consider:
https://www.scottsantens.com/17-key-variables-that-determine...
In some places you do have a right to food though, I stopped reading this article after that sentence. If I remember two countries rejected the vote to make access to food a basic human right, I'll let people guess which ones.