Thank you @dana-edwards for this post.

There have been several attempts already to develop a global basic Income using blockchain technology.

A lot of people believe that we need to move toward a global basic income. Blockchain technology presents a plausible way for us to get there at global scale, and without bankrupting governments.

For this to be a sustainable answer in the long-run, from a systemic perspective, a significant number of underlying hypothesis need to be set. Like if global basic income distributes equal wealth, where does this wealth comes from in the first place? Who is creating it?

The problem with these model is that it only go part way to decentralisation. They take government out of the system by the token mechanisms.

It is not reliant on effective government or agreement.