Headlines
- Mission-driven cryptocurrency requires an active commitment to equity
- Universal Basic Income App Launches, Gives Users Free Crypto
Reading Notes
Mission-driven cryptocurrency requires an active commitment to equity
Cryptocurrency does not generate wealth simply from nothing — it only facilitates the holding and transfer of wealth.
Without ways to generate wealth and amid widening economic inequality for over 70% of the global population, people will still find it difficult to use cryptocurrency or have no real use for it at all.
For cryptocurrency to meaningfully move “the needle on large global challenges”, the underlying causes of inequality must be addressed.
And while mission-driven cryptocurrency organizations cannot expect to do this alone, they have an important role to play in developing and directing their products to be used in the service of addressing the underlying problems.
Those who declare they’re on a social mission inevitably sign themselves up for this challenge.
The history of marginalization that cryptocurrency will have to grapple with manifests itself in
- lack of connectivity,
- distrust in technology,
- financial illiteracy, and
- historical economic and social inequality.
A mission-driven company will have to understand the societal problems of today and determine when they can be solved by technology and when they require something more entirely.
Technology is neutral and open to the direction of anyone who can afford it. Good comes from the active development and implementation of technology by people and mission-driven organizations seeking the resolution of social problems.
https://cointelegraph.com/news/mission-driven-cryptocurrency-requires-an-active-commitment-to-equity
Universal Basic Income App Launches, Gives Users Free Crypto
Circles, which just launched on the xDai Ethereum sidechain, gives each of its users a basic income in the form of a cryptocurrency called “Circles.” Theoretically, the value of a Circle, which at present is unclear, increases as more people use the network.
The protocol issues Circles to all of its users each week. Upon signup, you’ll receive 100 Circles. Then, you’ll receive about 14 Circles each week; the value should inflate by 7% each year.
https://decrypt.co/45419/universal-basic-income-app-launches-gives-users-free-crypto
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