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RE: Steem Basic Income: A System That Works? Why Everyone Should Be Supporting It!!!!
Thanks for bringing this to our attention. Very interesting project! I am always excited about new income equality experiments.
I was curious as to how far this can be pushed. Let's say we wanted to give everyone one Steem a $10,000 a year basic income. The rewards pool for this week is $2,847,306. If we assume this is roughly the average, the yearly rewards pool is $148,059,912. That would be enough to give 14,805 that basic income of $10,000.
I think it is amazing that this platform generates enough value to be able to make a big difference in the lives of 15,000 of our community that are most in need. I believe that, one day, the price of Steem will be high enough that it will become a source of basic income for many.
You are presuming the price of STEEM in USD did not appreciate.
Try to run the numbers with STEEM at $20....$40...even $100.