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encointer as a development aid multiplier
Today, development aid gets diluted by administration, advertisement and corruption before it reaches its target, the individuals. Encointer provides a direct and egalitarian distribution channel from donors to individuals. Moreover, it potentially multiplies the economic impact of donations for the same reasons why fractional reserve banking works. Encointer aims to provide every human with a …
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A Global Universal Basic Income
A universal basic income (UBI) is a modest amount of money paid unconditionally to individuals on a regular basis (Standing). Most advocates of UBI aim at introducing it at a national level, as a monthly income to all legal (fiscal) residents and paid out in cash (denominated in national currency). Usually, a UBI is suggested …
why yet another cryptocurrency?
Bitcoin has failed as a decentralized cryptocurrency. Mining is dominated by a single company, Bitmain. All the excessive energy for mining is wasted in vain as decentralization is the sole purpose of PoW. Other cryptocurrencies using PoW are doomed to meet the same fate. xPoS still struggles to be accepted as a sound consensus mechanism. …