The Blockchain Experience

My thoughts on UBI (kind of)

Video is 6 minutes…this is why I’m more of a long form guy 🤣

Food

How it started and how it ended. 

The ending was actually much worse than what the picture depicts.

Mistakes were made in a grill I control.

It turns out the bacon I used was too bougie. I could tell as soon as I opened it. I could have minimized the issue by either cooking the bacon a little first or use toothpicks, but it was becoming dark outside so I decided to YOLO, but I knew I was cooked (pun intended).

Anyway, lesson learned to better address the bacon issue next time. 🤣

Sorry to let y’all down. I’m marinating some chicken for tomorrow, so this isn’t over yet!

Apparently my dinner if AI allocates the future job of grilling to you

CEO - Media3 Labs | Join us at /scoop3, an onchain podcast player | Host of The Blockchain Experience podcast /theblockexp | Ex-Samsung | Ex-Hewlett-Packard

onchain: IRL NFT Art with /bright-moments | off chain: baking or consuming sourdough

🤣🤣🤣

Don’t worry, yours will be extra charred

Apparently my dinner if AI allocates the future job of grilling to you 
https://warpcast.com/metadavid/0x1bd0064b

🎩 first, but I like being part of this experiment that is the Farcaster network 🌶️ spicy strategist

Thanks for the kinds words 🙏

Yes, I'm not really sure UBI as its commonly presented and tested is effective at scale...I don't think it really addresses underlying problems. 

My loosely held idea (and I acknowledge, it's far from perfect), is a better approach is to have people "do things" and figure out ways to allocate those things to people who want them. In a very general sense, it's about shifting the paradigm away from income/consuming to productivity/contributing. And yeah totally, it would require much less barriers/points of friction.

Thanks again for watching it and taking the time to comment thoughtfully 

49 $degen
1134👏

watched it, nice vid! 

I think UBI - in its current context - is more of a control mechanism by the government, it isn't meant to solve problems per se, it is meant to act as a political mechanism to redistribute 'wealth' (ie. taxes to citizens).  Maybe there are ways to guarantee an income floor for those who's income is below certain thresholds, but the whole UBI model essentially incentivizes joblessness in many of its current iterations. 

I think your view works only if incentivization of business creation is strong, which conversely requires lower taxation and other incentives.  AI can replace jobs, but it will also open new opportunities. 

Complex subject, cool video style.