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Cryptocurrency Based Basic Income Program Started In Finland
jovius writes: Krypto Fin ry, the association behind Fimkrypto cryptocurrency (FIMK), has started to provide each registered Finnish citizen a payment of 1000 FIMK per month in December. 1000 FIMK equals few dimes at the moment, and a bit over 100 people have registered so far. (The registration is free.)
FIMK is based on NXT 2nd generation crypto system; the add-ons and development making it into 2.5G. The roadmap includes payment cards and other technology to enable easier exchange between fiat currencies — FIMK, Bitcoins and others. Krypto Fin ry received 533 BTC in initial donations last Summer. FIMK can be traded for example on DGEX, and it's also a valid payment method in few stores in Finland.
FIMK is based on NXT 2nd generation crypto system; the add-ons and development making it into 2.5G. The roadmap includes payment cards and other technology to enable easier exchange between fiat currencies — FIMK, Bitcoins and others. Krypto Fin ry received 533 BTC in initial donations last Summer. FIMK can be traded for example on DGEX, and it's also a valid payment method in few stores in Finland.
I love the concept in theory, but a society rich enough to afford one is pretty unimaginable in today's world.
The USA is more than rich enough, especially if we stop the whole war-for-profit thing.
Western societies are clearly incapable of even providing the current levels of welfare let alone a vastly larger level.
Unwilling != incapable. Some of them are managing it just fine, in fact.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"