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Re: [Taler] Taler and UBI

From: Christian Grothoff
Subject: Re: [Taler] Taler and UBI
Date: Fri, 14 Oct 2022 11:59:51 +0200
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On 10/14/22 11:50, Özgür Kesim wrote:
Thus spake Martin Schanzenbach (mschanzenbach@posteo.de):

i struggle to understand what spending coins has to do with ubi. ubi is the 
concept of receiving funds by the state to your account, not wallet.
once the funds are in your account, you can taler away all day.

Correct, if bank accounts are to receive the income.

I'd put it differently: you're assuming the individual has a bank account. That's not always the case.

But we were considering the hypothetical case in which a KYC'ed Taler
wallet could play the role of an individual account to receive somewhat
larger amounts (such as UBI).

Why do you assume UBI would be *large* by any means? I've never heard that. Usually, the idea of *basic income* is that it is *basic*, so *low*. Now, you MAY assume that UBI is paid monthly and then the amount may again be "large". But with Taler, it is conceivable that the UBI amounts could be paid daily or weekly. So I'm not sure this is really an issue.

Not sure that is something Taler would want to promote, but _if_ it
does, the loss of the wallet could be catastrophic to the individual.

I don't think so. The only real issue is that the individual would have to be able to quickly inform the state about the loss, least their income continues to go to a wallet controlled by someone else ;-).

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