Comrade Martin Schmalzried throws the #RTM in the face of Christine Lagarde live in front of hundreds of international journalists!
https://youtu.be/GclTry1FGIA?t=1791

#LibreCurrency #UniversalDividend

So, there is some fuzz over at cryptoleftists about #CirclesUBI. ( https://joincircles.net/ )

The TL;DR is as follows:

It is implemented on top of another cryptocurrency with smart contracts. (Not really familiar with this, taking it as a cons.)
Uses a WoT for both issuance (must be verified by three existing members to join like #duniter) and settlement (payment can only be done by chaining trust, like #Ripplepay / #Rumble http://ripple.ryanfugger.com/ )
Seems to be a good starting point against sybil/fake ids attacks.

Since credit is limited by trust, there is an incentive to balance income and expenditure like a credit-based #LETS / #LocalExchangeTradingSystem plus the UBI means it could be non-deflationary and incentivize usage rather than savings as in facilitate economic transactions while being an #universaldividend token.

Thoughts?

Today, #Ğ1 #LibreCurrency blockchain has automatically recalculated its #UniversalDividend (like every six months) based on the total money supply and the number of members 😊🎉

Previous value of UD │ 10.16 Ğ1 (from 2020-03-21 to 2020-09-19)

Current value of UD │ 10.23 Ğ1 (since 2020-09-19 22h)

Next estimated revaluation of UD │ 10.3 Ğ1 (from 2021-03-21 12h)

Formula │ DU(t+1) = DU(t) + c² × M(t)/N(t+1)

Interview: Time for a digital basic income

https://basicincome.org/news/2017/01/interview-time-digital-basic-income/

#libremoney #librecurrency #Duniter #Ğ1 #cryptocurrency #UniversalDividend #wot #weboftrust

Is #Duniter and #Ğ1 #cryptocurrency energy consuming ?

https://duniter.org/en/is-duniter-energy-consuming/

#libremoney #librecurrency #UniversalDividend #wot #weboftrust #pow

Ğ1 / Duniter members map who have indicated their geographical position on Cesium+ (this is an optional parameter, not mandatory to currency network).

https://g1.duniter.fr/#/app/wot/map?c=38.5825:-16.1279:4

#libremoney #librecurrency #Duniter #Ğ1 #cryptocurrency #UniversalDividend #wot #weboftrust

The RTM for the kids.

School should invite children to take a critical look on money, but it’s not.

http://cuckooland.free.fr/TheRtmForTheKids.html

#librecurrency #UniversalDividend

SILKAJ: a command line client for Duniter network written with Python3.

https://silkaj.duniter.org/

#libremoney #librecurrency #Duniter #Ğ1 #UniversalDividend #wot #weboftrust

A visual representation of the Duniter Ğ1 web of trust

https://wotmap.duniter.org/

#socialgraph #libremoney #librecurrency #Duniter #Ğ1 #cryptocurrency #UniversalDividend #wot #weboftrust

Relative Theory of Money v2.718

https://en.trm.creationmonetaire.info/

#libremoney #librecurrency #UniversalDividend