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RE: The Upvote Economy On Steem: A UBI Based System
A UBI can work if:
- If it's not based on force, and
- Attracts more value to the DAC than it puts out.
If it attracts users and affects the DAC's public relations in a positive manner, then it can draw users who will put more money into the system than the altruistic lottery puts out. In the future we'll have to be picky about who we give money to, so it won't really be "Universal" - just in name only. This is because we will have to publicize it heavily. A real UBI just costs too much, and we get more value out of publicizing the awards to the most needy cases. Why would I invest in a company that just gives away all its money?