A #nostrfirst sneak peak of Tuesday's TPB episode, featuring Universal Basic Income (UBI) expert and advocate Scott Santens and special guest co-host nostr:npub12lzwey2hjc2ce0stwa3ldhg04h93wj263lvdhrf87qfzz9jsggeqwuntw2

In this clip nostr:npub164q45vfa8prpl7f63stsl9qm9n22v6julkasjdqxjc8kevchsj0sp42rl3, Scott and Margot discuss #Bitcoin and UBI. For those skeptical of UBI, or specifically of the how and what of Bitcoin and UBI, check out this clip and also be sure to listen wherever you get your podcasts to the 1hr50min of fantastic content, myth-busting and education on UBI in Tuesday's episode.

https://v.nostr.build/GeRKA.mp4

With what Scott says, from a strictly practical point of view, the problem is that to do this you need more state.

The state already has companies owned by it but this did not lead to UBI in the strict sense. So why should be different with mining? To do well, they could use those funds to lower some taxes.

But if we want a distribution to everyone and that is not intended for someone chosen by the politicians we should take them out of the process (which is not easy because they would give up power). And so how can we put everything in the hands of states and politicians and then demand that we bypass them with a pre-distribution?

Do I miss anything?

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Discussion

What if in the case of Alaska UBI the state was removed and it was oil company directly to individual/family?

Or small communities agreeing with a fediment system and then doing it that way?

See, I even see govt issued UBI as an improvement to our current system (depending on funding mechanisms), so maybe we disagree there

I don't think we would need MORE state, we would need a state that actually works. Yes, governments do own businesses, and those businesses do what they are mandated to do. If a government established a charter for a company that would receive capital, use that capital to buy and operate Bitcoin miners and then distribute the profits to all citizens that live within the jurisdiction of that government, then that is what it would do. That's a basic governance system to set it up and make it work.

There's a difference between hating our current government because they are incompetent idiots doing a bad job, vs. hating the very idea of governance, which would include the pooling of resources to fulfill a goal. I don't think we're ready to tell an AI to do all the work and give humans the profits of that work. So we are going to have to trust SOMEONE SOMEWHERE to do SOMETHING.

We can take this out of the hands of politicians by building smart contracts that distribute sats that are generated by miners. Make the requirement to change those smart contracts a 99% buy in from everyone involved in the system. You'll never get it, so the system won't be changed.