Web developer and Studio Lead at Deloitte Digital in Düsseldorf, Germany.
On the 16th of October, something very peculiar happened. That evening a small team of artists, hackers and activists from all over the world gave birth to Circles, a Universal Basic Income (UBI) system on the blockchain: based on trust, powered by communities. blockchain, circles ubi, cryptocurrency, syndicated
Sarah Friend, Saraswathi Subbaraman (Circles): CirclesUBI: Towards a Community-owned Basic Income
Is it possible to create a community owned currency that can exist both globally and locally without relying on the sovereignty of nation-states? And if it were, how would you build it? Circles is a cooperative project working at the intersection of cryptocurrency and UBI, trying to rethink money as a commons and as means to commoning. We are developing a p2p universal basic income using the Ethereum blockchain, and bootstrapping it with a Cafe that accepts our currency – currently gearing up for a research pilot in Berlin in 2019. We hope to shed light on the overall possibilities of alternative currencies, as well as the limitations of working within the blockchain space, given its political economy.
Presentation starts at 00:03:40 - The question and answers are really good.
The CirclesUBI crypto project got my attention recently. It shares some idealistic views of Scuttlebutt.