Topic: [ANN] Basic Income Guarantee - page 3. (Read 2314 times)

Listed at ICOAlert.

Lots of new people joined BIG Foundation, thanks for your support!

There is no monetisation scheme, this is a non-profit project. Also the source of BIG token is the blockchain the same as Federal Reserve Bank is a source of USD. As soon as commission from turnover in the system will be higher than daily emission, emission will be stopped.

Monetization scheme of "Basic Income Guarantee" is very vague. Any sustainable source of money to secure the income for all people involved?

Nice WP on Github

Wish you best of luck and success

You need to wait for verification by email or any social profile that you've left. Did you get any messages or email with smart contract address?

I have signed up by email, completed the survey and I am at the "send a minimum of 0.01 ETH to smart contract address" step... I am doing my best to find this address, but I can't find it in your website nor in the white paper..
Could you point me to the right direction?

Thanks! We don't need to wait, we need funds to pay developers. Will you develop blockchain and wallets for free??? I think no. So that is the reason. We'll develop it in any case but with money that would be much faster.


The value for token will give services and goods, that will be available to buy with our token. We already have lot's of goods for sale and also first adopters, who want to provide some services and take our goods for it. Why they do it? They believe in this concept as we believe. So as soon as you get free token and can get real goods and services for it, why don't you be happy with it?

As soon as businesses come here and accept our token (the goal of foundation is to attract people and business there) the value will grow. If the turnover in the system will decrease one day, the emission will return and begin to stimulate trading.


It's just a basic income. Let's see, you can buy some bread, you have a small room and can pay for it and you have basic clothes. Do you want to it steak or go to restaurant or cinema or you just want a car? You should work anyway, but you don't HAVE TO work, you WANT to work to get more comfort or just because you like to do something: invent something, sing, paint, study etc. You shouldn't think what you'll eat tomorrow.

I was thinking the same questions without answers... I try to to think but this just not make sense.

If we all receive the same income what will motivate people to try to do anything?

Thank you for the previous answers, I have a few more questions if you don't mine.

What would give value to your token? Why anyone should be happy to receive it?
And if you manage to create a value somehow, how can you continuously increase the value of your token to ensure the inflation (daily giveaway) won't make it worthless?

Nice Concept, the question is, why would you like to wait for 6 months to launch your own blockchain?

You may outsource the development part to us, we can support you with Coin development and various wallets, nodes and block explorer for you.

Do let us know if we could be of help.

It's the only way to verify wallet in Ethereum.


It would have as soon as goods and services will be available there. And we don't need 50 000 ETH for it.

You're not giving them away, you're asking to pay $3.50. A basic income by definition gives away money, you're asking for money.

That's what I call a made up token: it has no intrinsic value.

Think again! For the number of people you claim work on this, there wasn't much to read.

It was another commercial project.


It doesn't matter when we achieve 50 000 ETH. Project is already working on Ethereum smart contract. There are only few things that make necessary to build own blockchain and the main is automatic decentralised verification process. Now we are forced to verify accounts manually and it's not good for the concept. The other thing are big Ethereum commissions as soon as dependency on Ethereum future.

1 000 ETH is enough to create wallet with opportunity to buy and sell goods and services in it by BIG token and that will add liquidity to token.

We'll go to funds now and I think we can get 50 000 ETH in half a year. We'll make blockchain on dPoS and it will take half a year to start it. But we will not wait till all 50 000 ETH will be collected, we're working on it independently.


We already give 1 token per day you can register and get them right now. This project is already working as a smart contract on Ethereum and if you didn't catch it, I think you didn't read not only our whitepaper but even our landing page?

Allow me to be sceptical! So you've spend a few hours on a website and a whitepaper, and want to sell made-up tokens. Once you've received $17,000,000, you're going to create a blockchain and give 1 made-up token each day?

I am familiar with the term basic income. I'm also familiar with random ICOs created for the sole purpose of earning free money. This looks like the latter to me, and has nothing to do with a basic income. Well, maybe for the creators themselves.
Meanwhile you use popular big names like Musk and Zuckerberg, who have nothing to do with your little project.

The question is really when do you plan the "as soon as 50 000 ETH would be collected" being achieved? At least how long do you give yourself to complete this step?
Once you managed to collect the 50 000 ETH, how long will it take to start your own blockchain? Setting up a new blockchain and secure the longest chain with enough hashing power/MNs are not a few days job.

I have read your whitepaper, it is about a nice philosophy (I agree with it), but not technical enough.
The roadmap doesn't have any timeline, difficult to know what is the plan exactly.

As you can see our roadmap at http://big.foundation. We plan to switch to own blockchain as soon as 50 000 ETH would be collected as donations. ERC20 tokens will be changed 1 to 1 to the new tokens and smart contract on Ethereum will be closed so there would be no more emission of ERC20 token anymore.

Hi,

When do you plan to switch from ERC20 token to your own blockchain? How long would it take to develop and implement it? What would happen with the ERC20 tokens, would you swap them to your currency, or both exist next to each other?

wow you have a running a pre-ico succesfully. could you share more about that?

A real new idea. I will watch it.