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Topic: Crypto, Universal income and cryogenics the redistribution of wealth - page 3. (Read 665 times)

legendary
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Blackjack.fun
Let's say, you're immortal, bro how do you want an economic system to survive if we all become immortal.
It won't. Our current economic system is already unsustainable. In most developed countries, there are more people retiring and claiming pensions than there are new people entering the workforce. This is going to get worse over the next 10 years as we reach peak retirement age for the Baby Boomers. If suddenly people stopped dying, the economy would crash and we would run out of physical resources very quickly.

If we become immortal then the retirement age would be at around (∞-10) so none of us we'll ever go there and it will make the pension system not unsustainable but obsolete.  Grin

Back to the universal income, it's a slightly less bad solution than printing money and communism.
In communism we all had a job, we all got paid for it but, because the purpose was that everyone should do something and get something back a lot of useless jobs that were design for activities that were eating money away were created. So, in the end, the guys "working" like that we're bringing down even the profitable activities like a parasite, ironically, since those that did not contribute to the glory of the party were called parasites.

A basic income would be the same, you're either have to print money for it or tax the ones that have in order for some lazy ass to go on and live sometimes an even better life than the one working 8h/day like a ...parasite

Anyhow, there is still hope that reason would triumph over populism:
Switzerland's voters reject basic income plan




full member
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And the last point (but it's not about economy): why is there significant interest in this subject from some crypto millionaires advocates. I knew about H. Finney but that's not the reason.

I think there are a lot of people who want to learn and make money at the crypto market right now, but they are afraid of being scammed because our market is a high-risk market.
That is why there are so many people interested in this topic, after researching, many people will decide whether to participate in this market or not.
copper member
Activity: 2324
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Slots Enthusiast & Expert
About the Universal basic income.
More government interventions = more problems introduced.

The Cryogenics connection:
And the last point (but it's not about economy): why is there significant interest in this subject from some crypto millionaires advocates. I knew about H. Finney but that's not the reason.
Some crypto millionaires only get rich because of the luck of buying early. They have too much money to spend.
legendary
Activity: 2268
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I don't know enough, but it's the thing where everyone would make the same amount of money, no matter what's your job?
Not quite.

It proposes that every citizen would receive a non-means-tested income from the government, regardless of their employment status. The proposals usually suggest that this would replace social security or other benefits, and be of a sufficient level to cover all basic requirements, such as housing, food and water, clothing, sanitation, etc. The absolute amount is usually around the poverty line for that particular region or country - in the US, this is generally around $12,000 per year. People who are also employed will earn their wage as usual (and be subjected to taxes as usual) on top of their universal basic income.

Let's say, you're immortal, bro how do you want an economic system to survive if we all become immortal.
It won't. Our current economic system is already unsustainable. In most developed countries, there are more people retiring and claiming pensions than there are new people entering the workforce. This is going to get worse over the next 10 years as we reach peak retirement age for the Baby Boomers. If suddenly people stopped dying, the economy would crash and we would run out of physical resources very quickly.
copper member
Activity: 2940
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Top Crypto Casino
Quote
...In the early 2000s, Michael Novogratz donated to the research organization and the Pineapple Fund gave SENS $2 million in BTC last year. Moreover, Ethereum founder Vitalik Buterin also donated $2.4 million to SENS in 2018 and another $350,000 in January 2019. The regenerative medical therapy organization also raised another $4.1 million in cryptocurrencies last year in addition to the Pineapple Fund donation...

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...The chief science officer of SENS, British biogerontologist Aubrey de Grey, talked about the relationship between his venture and crypto proponents last year and detailed that many have donated to the research organization. “I’m not in this to do science for the sake of doing science,” de Grey explained. “I’m in it for the ultimate goal.” He further revealed that a few anonymous donors have given SENS $1 million each and other cryptocurrency personalities are also long-term donors of the foundation...

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...According to reports, a number of crypto rich have anonymously donated to Alcor’s cryonics research. The top connection between the field and cryptocurrency is that Alcor might be preserving the body of a man some believe to be Satoshi Nakamoto himself. Hal Finney is the computer scientist who received the very first bitcoin transaction and helped get the network up and running during its first year. On Aug. 28, 2014, Finney’s body was taken to an Alcor facility soon after his death and underwent the cryogenic process. In May 2018 the foundation announced that cryptocurrency enthusiast Brad Armstrong gave it a $5 million research contribution, being held in the name of the “Hal Finney Cryonics Research Fund”...

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...Another connection between cryptocurrency and cryogenics is that computer scientist Ralph Merkle, known for creating cryptographic hashing, the Merkle tree and other inventions, is also a researcher and advocate of cryonics. He reportedly knows a few crypto people who have donated to cryonics and also helped raise funds for Alcor...

Quote
...Universal Basic Income and MDMA
The Pineapple Fund made a $5 million donation to the organization Give Directly in 2017 to sponsor cash transfers to people living in extreme poverty in Kenya, Uganda, and Rwanda where it is possible to test the UBI concept before it’s implemented in more expensive regions of the world. The Pineapple Fund has also donated more than $1 million to aid in the research of using MDMA as a treatment for PTSD...
https://news.bitcoin.com/immortality-cryogenics-and-ubi-how-the-crypto-rich-influence-science/


About the Universal basic income.

I don't know enough, but it's the thing where everyone would make the same amount of money, no matter what's your job?

Young people are not going to go to school for 10 years to become doctors if it is to earn the same salary as the one working at Mac Donald's.
The redistribution of wealth, yes, but the one who doesn't do anything with his life and watches Youtube all day long, he lives as well as the one who works hard? What the hell is this? They have a free house, free food, free pocket money, free everything, I call this already the redistribution of wealth


The Cryogenics connection:
Let's say, you're immortal, bro how do you want an economic system to survive if we all become immortal. You're going to cost a lot to your retirement pension lol. Anyway, I don't believe in and don't want to even if it becomes real. But still, explain to me how the redistribution of wealth is possible through this. You will have maybe 80 children, in the long run, how do you want to do?

And the last point (but it's not about economy): why is there significant interest in this subject from some crypto millionaires advocates. I knew about H. Finney but that's not the reason.
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