Economic Fairness Through Digital Currency
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Economic Fairness Through Digital Currency
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In this podcast episode, Dan and Philip Rosedale explore the concept of "fair share," a digital currency system designed to combat economic inequality. Fair share seeks to prevent wealth concentration by distributing money equally and applying transaction fees to fund this distribution. It is akin to a Universal Basic Income (UBI) component. The discussion emphasizes the importance of fairness in human collaboration and the need for identity validation through groups. Fair share groups serve as a way to ensure identity while maintaining fairness, using secret voting. The ideal group size may vary, and the system allows direct voting on economic parameters, such as basic income and transaction tax rates, for self-regulation. Fair share offers a decentralized and community-controlled approach to economic policy and equality.