Replying to Life is launched directly on the mainnet

To be honest I didn’t think about it but Alaska has APF and this idea could work more or less in the same way but obviously potentially everywhere.

Anyway, there is a lot of difference between government and governance.

And maybe we’ll have some illuminated government, but you really think the incompetent idiots as you call them are just in the US and just nowadays? Look internetionally and look historically.

And apart from the fact that we could discuss how much and which government would be better, do we really need them to have a UBI via Bitcoin? What if we imagine a way to do it by ourselves, decentralizing mining with some development in technology that makes it affordable for someone who wants to mine at his own home?

And we have already something that starts going into this way.
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Chad Lupkes 1y ago

I remember losing money in 2017 because a cloud miner turned out to be a ponzi scheme. Learned a hard lesson in trust.

I also tried in 2018 with another miner who turned out to be an idiot.

I'm interested in whatever it takes, just put it on the table so we can see it and talk about it. None of the public companies that mine bitcoin pay a dividend. So there is a major gap in the talk vs. action. What have you got?

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Life is launched directly on the mainnet 1y ago

Let’s take the APF in Alaska. As of 2019, the fund has paid out an average of approximately $1,600 annually per resident (adjusted to 2019 dollars) according to Wikipedia.

$1600/12=133$ per month. Enough to pay a few bills maybe?

Obviously, we are very very early, but you can heat your house or your water by mining. Surely there will also be air conditioners that do the same.

You can buy them or you can even build them by yourself.

That would help to pay a few bills so you would have the same result without needing anybody.

As I said, we are obviously very early on this and we have to improve profitability and mining decentralization but technology is usually faster than politicians.