Apzo Blog
  • Home
  • Biography
    • Celebrity
  • Business
    • Entrepreneur
    • Marketing
    • Career
  • Social Media
    • Entertainment
    • Fashion
  • Finance
    • Investing
  • Technology
    • App
    • Gadget
  • Health
    • Beauty
    • Hair Care
  • Lifestyle
    • Travel
    • Sports
  • Real Estate
    • Home Improvement
  • Write For Us
No Result
View All Result
SUBSCRIBE
Apzo Blog – Business, LifeStyle, Health, Tech, Bio, Career
  • Home
  • Biography
    • Celebrity
  • Business
    • Entrepreneur
    • Marketing
    • Career
  • Social Media
    • Entertainment
    • Fashion
  • Finance
    • Investing
  • Technology
    • App
    • Gadget
  • Health
    • Beauty
    • Hair Care
  • Lifestyle
    • Travel
    • Sports
  • Real Estate
    • Home Improvement
  • Write For Us
No Result
View All Result
Apzo Blog
No Result
View All Result
Home Finance

Is Universal Income Possible In Cryptocurrencies?

Scarlett Johansson by Scarlett Johansson
July 28, 2022
in Finance
0
universal income by cryptocurrencies
75
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

The idea of ​​universal income in cryptocurrencies is starting to make its way. While some are considering introducing a base salary entirely managed by a central agency, others prefer to rely on the blockchain or the Internet of Things. An update was given on both approaches and practical applications of the universal dividend.

Table of Contents

    • You might also like
    • How PaydayChampion Personal Loans Affect Your Credit Score And How to Manage It?
    • How To Get A Payday Loan From Paydaynow.net With No Hassle And Guaranteed Approval
    • Financial Benefits Of Using Ipass.net As Part Of A Debt Management Plan For Credit Lines
  • Why set a basic income in cryptocurrency?
  • Blockchain-Based Universal Income: A Decentralized Approach

You might also like

How PaydayChampion Personal Loans Affect Your Credit Score And How to Manage It?

How To Get A Payday Loan From Paydaynow.net With No Hassle And Guaranteed Approval

Financial Benefits Of Using Ipass.net As Part Of A Debt Management Plan For Credit Lines

Why set a basic income in cryptocurrency?

Supporters of universal income say that its implementation will abolish poverty and guarantee decent living conditions for all. Its introduction should also make it possible to free a person from the imperative of labor. In a society portrayed by the advocates of universal income, we will no longer work to ensure its survival, but rather by choice and passion. Clearly, universal income makes sense mainly in a robotic society where machines and artificial intelligence have replaced linear work. In short, the application of this project is aimed primarily at revolutionizing the concept of “work” in a world where robots have made billions of workers unemployed. In this still utopian future, cryptocurrencies have an important role to play.

Opponents of the universal dividend believe that its implementation will inevitably lead to an inflation of traditional currencies.

This is where cryptocurrencies come into play! Unlike fiat money, crypto assets cannot be produced indefinitely. For example, the maximum number of bitcoins that needed to be mined was set at 21 million at the time of its creation. Thus, under these conditions, bitcoin and altcoins are generally immune to the inflation inherent in fiat currencies. Thus, universal income in cryptocurrency already has a certain advantage over income paid in fiat currencies. You have the opportunity of cryptocurrency atomic swap.

Blockchain-Based Universal Income: A Decentralized Approach

Obviously, introducing a universal income would have a huge financial cost to the state, even if it were to replace existing social assistance such as unemployment benefits. The Institut de Montaigne estimates that the introduction of a universal income will cost the French state between 305 and 424 billion euros per year, depending on the amount paid monthly to each individual. In order to cover the costs associated with universal income, there is a big risk that the state will eventually decide to impose new taxes on the still active population.

Also, Read – How To Use Cryptocurrency In Your Village And Create New Opportunities

The introduction of a guaranteed income managed by a decentralized mechanism could stop this chain reaction, often emphasized by critics of the reform. As soon as the income paid to individuals is no longer paid by the central authority, in this case, the state, which is responsible for the distribution of common resources. Similarly, the assets needed to reward individuals will no longer be created through taxes but will be produced directly by the citizens themselves.

Finding where to exchange eth to usdt is not easy, but we did it for you!

How? Monetizing your personal data. Currently, many firms enrich themselves by using the personal data of users of their services. This is the case with tech giants like Facebook, Amazon, or Google, the famous GAFA. These companies derive a significant portion of their income from the sale of personal data on a large scale. Therefore, Internet users currently transmit market information from marketing analysis firms to third parties. Clearly, Internet users around the world are currently sitting on a huge golden mountain that they don’t even know exists. All Internet users in the world generate personal data while browsing the web. That’s why we can really talk about income or the universal wage.

Like this:

Like Loading...
Tags: universal income possible by cryptocurrencies
Share30Tweet19
Scarlett Johansson

Scarlett Johansson

Recommended For You

How PaydayChampion Personal Loans Affect Your Credit Score And How to Manage It?

by Scarlett Johansson
August 8, 2022
0
payday champion

When you apply for a personal loan, the lender will almost certainly look at your credit history to determine whether you are a good risk. Your credit score...

Read more

How To Get A Payday Loan From Paydaynow.net With No Hassle And Guaranteed Approval

by Scarlett Johansson
August 8, 2022
0
paydaynow

There are times when a payday loan is the best option for getting cash fast. Some creditors may provide instant payday loans with specific permission. In most circumstances,...

Read more

Financial Benefits Of Using Ipass.net As Part Of A Debt Management Plan For Credit Lines

by Scarlett Johansson
August 8, 2022
0
ipass.net debt management plan

When applying for a loan, there are various things to consider. You should look around for the best interest rate and make sure that the monthly payments will...

Read more

Features of Taking A Loan For Commercial Construction

by Scarlett Johansson
July 27, 2022
0
commercial construction loan

Usually, commercial construction involves a huge project that can drag on for a long time if the required amount is not on hand. Plants, factories, enterprises, office buildings,...

Read more

Where to Locate Fresh Crypto Coins To Invest?

by Scarlett Johansson
July 26, 2022
0
investment on crypto coins

Once, cryptocurrencies were financial outcasts. Now they're mainstream. As investors sought growth in a zero-interest rate environment, their assets and valuations surged during the previous decade. Early Bitcoin...

Read more
Next Post
safe eco-friendly silicone

Safe And Eco-Friendly Silicone For Everyone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related News

How Your Loved Ones Can Help with Rehab

How Your Loved Ones Can Help with Rehab

August 5, 2022
Nakoa-Wolf Manakauapo Namakaeha Momoa

Nakoa-Wolf Manakauapo Namakaeha Momoa – Biography, Age, Family Facts

February 2, 2022
Biometric Recognition – Changing the Landscape of Identity Verification

Biometric Recognition – Changing the Landscape of Identity Verification

May 26, 2022

Browse by Category

  • App
  • Beauty
  • Biography
  • Business
  • Career
  • Celebrity
  • Entertainment
  • Entrepreneur
  • Fashion
  • Favorites Post
  • Finance
  • Gadget
  • Hair Care
  • Health
  • Home Improvement
  • Information
  • Investing
  • Lifestyle
  • Marketing
  • Politics
  • Real Estate
  • Social Media
  • Sports
  • Technology
  • Travel
  • Uncategorized

Apzo Blog – Business, LifeStyle, Health, Tech, Bio, Career

Apzoblog covers every most recent update, trending topics, Slanting themes, stories, and web journals in the field of Digital Marketing, business, technology, career, marketing, portfolio. We make a point to introduce the best worth content to our readers by taking them into deep in Search engine marketing, youtube advertising, algorithms and updates identified with the equivalent. We are here to make the experience more straightforward and simple, more secure and increasingly alluring for everybody searching for information in the field of web advertising.

Quick Visit

  • Contact
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Terms of Use
  • Write For Us

Twitter

Facebook Post

Pinterest Post

RECENT POSTS

  • What 8 Things Does CBD Help With Most?
  • How To Plan For Your Trip
  • 6 Cryptocurrency Facts New Investors Should Know

apzoblog@gmail.com Copyright © 2022 || Apzo Blog ||

No Result
View All Result
  • Home
  • Biography
    • Celebrity
  • Marketing
  • App
  • Lifestyle
  • Travel
  • Fashion
  • Career
  • Home Improvement

apzoblog@gmail.com Copyright © 2022 || Apzo Blog ||

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
%d bloggers like this: