Many people find the idea of a universal basic income offensive, ludicrous or even dangerous. Comparisons with communism are often made and there is a firm belief that giving people free money will lead to unproductive citizens who do not contribute to society.
Although many renowned economists have argued that an universal basic income could be a solution to poverty and it would empower those who have to struggle most; in our debt driven and labour based economy a UBI just rubs too many the wrong way to become a reality.
But times they are a changing.
Robotics and automatization will lead to a strong decline in low skilled labour jobs and will replace many who are currently employed in service and transport jobs. Soon universal income is not just a possibility. It will be a necessity, otherwise, we will lack people with money to buy all these goods which are produced better and cheaper by robots.
People will be more than just the work they do and leisure time will become an opportunity for personal growth.
Crypto currency is the perfect messenger for a global UBI system in this transition period we are in. It does not replace our current income structure, but adds to it and allows a new system to be created with the old.
I strongly believe that if you take a person out of a situation in which they see no perspective, they become happier, more creative, more productive and they will make better decisions. I hope crypto currency is the way to an universal basic income we can slip past the sceptics and will find them surprised the Brave New World is already here.