Freedom is not free
The price is Mincome
A local-focused social-capital cryptocurrency experiment
Inspired by Dauphin, Manitoba experiment
Mincome is a monetary system, social support network, or other type of social and capital
arrangement which ensures every member of a community has a guaranteed minimum income.
In Dauphin, Maintoba, this was done through the existing government social service
channels, and paid for with taxpayer funds.
Did you just say free money, this is a joke, right?
Well, the joke is that instead of giving free money to the people that already have
money, Mincome (the cryptocurrency) comes from newly created money (which is just
magic numbers in a computer), as well as transaction fees (like the roughly 3%
Visa gets for every credit card swipe) to everyone that chooses to register for
one (and only one) mincome address.
Grantcoin, the first mincome-like cryptocurrency
Grantcoin is a cryptographic currency with a non-profit foundation with a mission
to use the power to create 'free' money for charitable purposes, and decided that
a basic income distribution is a good charitable purpose. It looks to be a good
beta test for a full Mincome currency, and a way to test out how exactly to
determine how to ensure that each and every person has at most 1 Mincome-receiving
But what about inflation?
If there's too much money, we get rid of some of it. If you have a lot of mincome,
and want to save it, it's better if you buy something of value, like farmland. You
can also buy shiny trinkets, like gold, or bitcoin. If there's not enough money,
we just make more. But with a stable, algorithmically predictable money supply,
real-human transaction costs go down. If we do this right, Mincome becomes the
reserve currency and benchmark against which we measure most other forms of
How much is that worth?
If you want to 'make money', get coding and release RonPaulCoinXIIVI. Or Etherium.
contact troy at 7el dot us
Made with 7 Elements using Vim on a q3u.be running Debian