The organizers of TEDx Amherst invited me to give a talk. I spoke about the work we did at The Kuwa Foundation, which focused on online identity and privacy. The title is “We’re Being Owned: Why We Must Take Control of Our Online Identities.” Here is the video. … More My TEDx Talk
A few months ago, The Kuwa Foundation partnered with the University of Massachusetts Center for Data Science to develop The Crypto UBI Project (TCUP). I’m excited to say that we just published the TCUP source code on GitHub under an MIT open source license. We also deployed a demo on our development server. TCUP distributes a cryptocurrency basic income payment to people who have Kuwa IDs, which are “smart contracts” that live on an Ethereum blockchain. We’ve taken the first step in a long and challenging, but ultimately worthwhile journey. … More Please Steal This Code – The Crypto UBI Project is on GitHub
We’ve formed The Kuwa Foundation, a nonprofit corporation. The foundation has partnered with the University of Massachusetts Amherst College of Information and Computer Sciences to make our vision of an open, decentralized, minimally intrusive and self-sovereign identity platform a reality (or at least a real working prototype). So we’ve hired five UMass Computer Science graduate students for the summer. We’re going to get something working. … More Introducing The Kuwa Foundation: Identity for Humanity
After a devastating earthquake in 2010, the world collectively pledged about $13B in aid to Haiti. That’s enough to give every Haitian a 50% pay increase for three years (on average). For far less than $13B, we could implement a basic income in Haiti that would lift millions of people out of poverty. This post is concerned with exploring ways to fund a UBI that we could distribute via a cryptocurrency. I compare inflation funding to transaction fees. I also provide basic projections for an inflation-funded crypto UBI in the US and Haiti. Even though inflation may also impose a “cost” on holders of the currency (through a loss in purchasing power), my analysis led me to conclude that it would be better to fund a crypto UBI through inflation. … More The Cryptoeconomics of Funding a Universal Basic Income
Like cookies and milk, cryptocurrencies and Universal Basic Income (UBI) are two particularly promising concepts that could go great together. If we’re to give money to the needy, then we should use the best technology available. Because trust is built-in, cryptocurrencies can bypass the sticky bureaucratic fingers that are all too common in many countries. The most significant barrier to large-scale implementation of a crypto UBI is the lack of a reliable identification system. Needy people don’t typically have passports. And since their governments are often corrupt, giving those governments power to exclude or include people would be dangerous. My Kuwa (“to be” in Swahili) white paper is a first attempt to describe a potential technical solution to this identification challenge. … More Kuwa: A Decentralized, Pseudo-anonymous and Sybil-Resistant Individual Identification System
Technophile Musings 