Re:The Problem with Ethereum
by NiloCK on Wednesday August 11, 2021 @08:06AM
(#28140977)
The connection here is that sybil-proofing is a (the?) major bottleneck to cryptoeconomic UBI schemes.
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That’s like saying SSN (or other gov issued ID) solves poverty.
Some people believe that government issued ID in conjunction with a government that implemented a UBI scheme would indeed improve poverty. Andrew Yang wrote a reasonable book about the idea.
sybil-proofing in blockchain systems opens the possibility for any person or community to take a shot at implementing UBI. Could someone succeed in creating a token that retains some level of value long term and also consistently tops up at some rate in everyone's wallet? Beats me. But sybil-proofing is absolutely blocking issue on that front.
Are you serious?
I am serious that it is straightforward to create a token where everyone on earth gets X/day in a sybil proof system.
Making this token retain some sort of value is of course an entirely different problem, and I don't have strong opinions on whether someone might pull it off.
Re:The Problem with Ethereum
by TigeriusKirk on Wednesday August 11, 2021 @12:52PM
(#28144502)
Yes.