Tag: ubi

Please Steal This Code – The Crypto UBI Project is on GitHub

October 7, 2018

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

Introducing The Kuwa Foundation: Identity for Humanity

May 19, 2018

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

The Cryptoeconomics of Funding a Universal Basic Income

March 21, 2018

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