A Preamble to the Mincome social-capital cryptocurrency experiment

We, the sentient People[1] of the world[7], hold these truths to be self evident

For our society to grow, flourish, maintain itself, it must have a social contract.

To be an equitable contract, all of us bound by its terms must have the free will to consent, or, at any time withdraw from the contract, and its protections.

There exists a natural boundary of what is a unique person, and in humans, this is the extent of the human body, of which the person has ultimate control, up to, and including the freedom choose to cease to be.

In our social contract, we hold that knowledge, and its application through technology gives us a great power to create abundance, and to protect all of our ability to both create an economy in which to trade freely, and exist free from coercion, we hereby establish the necessity of a minimum income.

The Mincome distribution shall be granted to each and every sentient person, be they human, or be they other.

Persons may enter into agreements or contracts obligating repayment of a debt, and no debt shall ever obligate a person's Mincome distribution. An agreement to repay a debt with a Mincome distribution is a violation of the mincome social contract, and such contracts will be evicted from the Mincome economic system. In other words, if you sign a contract obligating your Mincome to a debt repayment, you are giving up your rights to receive a Mincome distribution.

The Mincome social contract gives all persons the right and priviledge to discharge all debt (bankruptcy), and start over. This is a necessity to prevent creeping slavery and ownership


  1. People/Person: a 'person', in this context, is defined as a free being capable of making informed choices about how to allocate resources rightfully or naturally under it's control. This implies something which may have some natural or legislative rights to own other somethings, but which is, in no way shape or form, owned by anything else. What constitutes a 'person' is also likely something best left up to a local government. It might be possible and reasonable that a corporation could be considered a person, but only if it is one that is free from slavery to owners. I have not yet observed such a thing which is not encapsulated in a human form, although I expect to see one in my lifetime.
  2. Sentient person: A key distinguishing factor of a sentient person is a being which, with the active clear consent of at least one other sentient person, can share and mix the genetic, program, or other codes to create a new entity, which, after a growth, teaching, and mentoring phase, is an equal peer with it's creators.
  3. Child: A newly created (or born) person which is being taught, mentored, cared for, and loved by both it's creators and participants in the Mincome social contract
  4. Identity: A person has a unique identity that can be distinguised from other persons. A substantially exact copy of a person is still one person, for at least as long as a time as it takes a child to grow to adulthood
  5. Adult/Adulthood: A child who has grown to be a fully functional adult capable of consenting to a Mincome social contract
  6. Debt: A fully consensual contract, recorded that one person has agreed to repay another in the future for some type of exchange of value
  7. World: The know space/universe in which this document and corresponding Mincome code is usable

    Made with 7 Elements using Vim on a q3u.be running Debian