I have been thinking how would be the best way to give this planet a UNIVERSAL INCOME
for all humans ..
So lets get started ..
It will take a few post but i will explain the best i can
..
For everyone to get a universal income first we need a new type of cryptocurrency it cannot be a
cryptocurrency that's already on the market it has to be started from scratch ..
So the best way to do this new cryptocurrency would to bring out 2 new coins the first coin would be
a £1 and the 2nd coin would be a £20k coin ..
You cannot buy the £20k coin only with the £1 coin new cryptocurrency ..
So you cannot walk in a bank and exchange 20 thousand dollars for the new £20k cryptocurrency ..
You can only use the new £1 cryptocurrency to exchange for the £20k cryptocurrency so basically
you would have had to save enough £1 new cryptocurrency to exchange ..
Now why this is so is because only £1 tokens will be generated as long as you do the work ..
I will explain what the work is later on ..
See i need you to understand what token or coins we need and how they are used and how they are broken up into units for shops to spend and exchanged ..
So we would have 2 cryptocurrency and this is how they are used..
From the UK so working it out in pounds But you could call it anything we likes besides the pound
but pound better easy to use
..
£1 TOKEN or COIN breaks up into 100 units so if something 99p you can use the new £1 token or
cryptocurrency in any shop ..
Now the £20k new token or coin that breaks up into 20 thousand units so over time people will be able to exchange £1 new token for a new £20k token or coin..
The blockchain will not generate a new £20k token or coin unless you exchange the new £1 token
or coin for the £20k token..
So you need to have saved up 20 thousand new £1 tokens or coins to then exchange because what happens the blockchain destroys the 20 thousand new £1 token or coins to exchange they get
DESTROYED never to exist again..
so that way no more can exist in the crypto space unless people DO THE WORK..
So people will get issued with new £1 new tokens or coins then after time they can exchange for the 20k tokens to buy homes and land and what not..
Now when you exchange for a new £20k the banks the government can take tax out of the exchange before the blockchain destroys the rest ..
Imagine the blockchain destroying 18 thousand and then pays the government 2k tax straight away
all countries would issue the new tokens or coins then when ever anyone exchanges it for a
£20K new token the government would get 2k tax every 20k exchange..
Now why would people want to pay the tax?..
Because without a new 20k token issued in your wallet you cannot buy land or houses that way it gives people a drive to earn more instead of being lazy ..
You want a car and it cost over 20 grand you need a new £20k token to buy it out right same goes with homes and land ..
Remember you can still use gold dollars and what ever other form of money BUT to issue everyone
with a starting point to live Doesn't mean i buy you a home you need to earn it..
You can also still get finance using your new £1 tokens because they are making a profit on the finance they give you..
Say your bill is £600 month you can still use your new £1 tokens because they are making a profit
on the finance they give you ..
So using them for a mortgage no problem profits are getting made..
Now imagine i want to buy land out right to build homes on i would need to own 20K new tokens
to buy it out right because that way the government gets it's profits from the blockchain because of the exchange plus the buyer of the land makes money by building stuff on the land..
But still gives you an incentive to want to earn more ..
Because people say well they just sit and do nothing NO THEY WONT ..
They want to get to the point to exchange for a new £20k token because that open up more new doors like buying expensive items ..
Now i have explained how these new cryptos would work in shops and exchanging now i will explain how we give it out and why..
The new crypto ..
£1 new token splits into 100 units = 100 bits
£20k new token splits into 20,000 units = 20,000 bits