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RE: Universal Basic Unit - A South African blockchain project for universal benefit?
Interesting idea to "decay" the wallet rather than put interest on it. That may well prevent people just setting up the account and leaving it (although a lot will probably do that still as it's "free money").
I didn't listen to the interview and Quilldiva seems to have made some dramatic comments in his award winning ways.
Going back to your first point about not understanding cryptocurrencies, I may revisit my Bluffer's Guide to Cryptocurrency and start going through the whole of it again with updated notes to help newcomers or those still struggling with the basics. And it doesn't use complex terminology.
Anyway, hope the UBU works out for you.
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Thanks, @nickyhavey. It seems that Block and Quill agree. Your point
I don't know because as you say, it's
That appeals to a lot of folk and, in principle, if it were genuinely accessible to the people who really need it, an excellent idea. That said, it appeals to milennials and with our huge youth unemployment problem, perhaps they are the target market. My reservations, however, remain about accessibility for folk in rual areas. Although I'm not a melennial, I want in, and I live in a rural area. It took me nearly 3 days to register because of a poor signal. And then, the platform is confusing because the OTP came on some occasions to my email address (WiFi on my phone) and on others to my phone via text (no / limited signal) and, and, and....
That would be very, very helpful.
I will go back to the site when I've got a moment and do some more digging.
Well it might prevent inactivity if the penalty for inaction would be more but you need people to sign up and give them an offer they can't refuse yada yada yada....
Teething problems with a new platform aren't unheard of, especially when there's a combination of other things going on as well with Internet signal (and other animals).
I saw you got a tweet but they obviously didn't read your reservations haha!
Hope you find what you're looking for with your research.
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Hahaha! Nope, nobody reads properly these days.
Now the support peeps are taking notice.... Let's see
Happy travels....
Haha! Why read when you can just assume and be done with it? 😂
Clearly. LOL. How to win friends and influence people. NOT!