Universal Bitcoin Income

Universal Bitcoin Income: a basic income freely given, not forced. Sound money, open hands, and a weekly newsletter on why both matter

[Universal Bitcoin Income @univbitcoin]

Issue #1 of Freely Given is out.

AI is already cutting jobs, and Goldman estimates about 15M workers could be displaced. Musk and Yang both say some kind of basic income is coming. The real question is who pays, and whether anyone should be forced to.

My case for one freely given, in Bitcoin:
https://t.co/1NkOKAPsPG

[Universal Bitcoin Income @univbitcoin]

If you're on SSI and your countable savings top $2,000, you can lose the check. That cap hasn't moved since 1989. Help that's given freely doesn't punish people for putting a little away.

[Universal Bitcoin Income @univbitcoin]

A clip of Jeff Bezos saying the bottom half of U.S. earners shouldn't pay any federal income tax is going around again. If people kept that money, would they do more good giving some of it to neighbors than Washington does with it?

[Universal Bitcoin Income @univbitcoin]

@Celestialgho I'd care less about the name of the charity and more about whether it reached anyone. Giving directly, where you can see it land, could take care of a lot of that.

[Universal Bitcoin Income @univbitcoin]

@orangeummah @muslimbtcsummit @harris_irfan @BitcoinMajlis Is money that loses value while you hold it taking something from you without asking?

[Universal Bitcoin Income @univbitcoin]

@corn_hodl If savings lose value while you hold them, working longer starts to feel less like a choice.

[Universal Bitcoin Income @univbitcoin]

@algotradingdesk A lost salary is also someone's rent, a shop's regular, a parent's support. Who catches those people?

[Universal Bitcoin Income @univbitcoin]

@shiba_cheems Maybe what's left is the work people do for each other: raising kids, caring for the old, showing up. An economy can need fewer workers and still need neighbors.

[Universal Bitcoin Income @univbitcoin]

@Amanda_Goodall The filing lists taxes aimed at AI job displacement as a risk. What if the help came from people who chose to give instead?

[Universal Bitcoin Income @univbitcoin]

@BitmundFreud Forty years of someone's work shouldn't depend on how restrained a few people are with a printer.

[Universal Bitcoin Income @univbitcoin]

@Rajatsoni Protecting yourself is step one. I like that you could also send some of it to someone across the world without a bank in the middle.

[Universal Bitcoin Income @univbitcoin]

@scottsantens Decoupling survival from jobs is a good goal. I'd worry about a program like that getting cut in a budget fight. Help from people who chose to give could stay outside that vote.

[Universal Bitcoin Income @univbitcoin]

AI's hit to jobs could look less like layoffs and more like roles nobody refills when someone leaves. No headline, no severance, no one officially displaced. A program can't help people it doesn't count, but people who choose to give don't need a form.

[Universal Bitcoin Income @univbitcoin]

Square now turns bitcoin payments on by default for its eligible U.S. sellers. If paying for coffee in bitcoin can be that ordinary, giving it to someone who needs it could be too.

[Universal Bitcoin Income @univbitcoin]

On Veterans Day, some people quietly pick up a vet's coffee or dinner check without being asked. No law requires it. That's the kind of giving I think a basic income can be built on.

[Universal Bitcoin Income @univbitcoin]

Happy Veterans Day!!!

[Universal Bitcoin Income @univbitcoin]

Bill Gates' idea of "Human Reserved" jobs is making the rounds again. That's work we keep for people even when AI could do it. He leaves open who decides. I'd rather it be each of us, choosing the human care we value and paying for it gladly.

[Universal Bitcoin Income @univbitcoin]

@ExplainingBitc1 The tax code counts your gains in dollars but ignores what the dollars lost along the way.

[Universal Bitcoin Income @univbitcoin]

@rationalaussie Your tax base point is a hard one. If income taxes shrink as jobs go, a safety net built on them could shrink too.

[Universal Bitcoin Income @univbitcoin]

@basedspinach That fear is why it matters who hands it out. A check from people with power over you can be a leash. Help freely given by people who know you isn't.

[Universal Bitcoin Income @univbitcoin]

@RonSwanonson If you want a gift to still help someone in twenty years, the rules of the money it's in matter as much as the amount.