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Can Blockchain Help Deliver Universal Basic Income?
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This story was originally published on HackerNoon at: https://hackernoon.com/can-blockchain-help-deliver-universal-basic-income.
Exploring how DeFi, stablecoins, and radical markets could pave the way toward universal basic income.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #defi, #defi-savings, #crypto-passive-income, #blockchain-staking, #blockchain-use-case, #decentralized-basic-income, #defi-vs-traditional-banking, #blockchain-ubi, and more.
This story was written by: @blockchainize. Learn more about this writer by checking @blockchainize's about page, and for more stories, please visit hackernoon.com.
This article explores whether decentralized finance (DeFi) can help make universal basic income (UBI) viable. It weighs the egalitarian potential of stable high-yield protocols, social wallets, and inflation-resistant stablecoins against the challenges of government intervention and wealth concentration. From charitable protocols like Angel to radical market concepts such as Harberger taxation, blockchain may offer new ways to redistribute wealth fairly and sustainably. While UBI won’t emerge from market forces alone, DeFi could provide the foundation for its realization.
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