Free Money for Everyone Sounds Great, But Finland Proves Basic Income is a Bust

Universal basic income experiments and other plans that seek to distribute free money seem wonderful considering so many people struggle to make ends meet because of their limited incomes. In the U.S., many legislators have called for federal and or/state governments to trial these economic policies. One recent proposal actually calls for people to receive money from the government even if they are unwilling to work! As lawmakers and supporters champion such ideas, it would behoove them to look beyond the U.S. border to countries who have already taken a stab at basic income. Finland took up the effort, and the

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7 Reasons Why That Hot New ‘Bitcoin Stablecoin’ Sounds Like Junk

A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.” Last October Bitcoin custody company BitGo announced a partnership with Kyber Network and Republic Protocol to launch Wrapped Bitcoin (WBTC), a token on the Ethereum blockchain that acts as a 1-to-1 token backed by Bitcoin reserves. In a blog post announcing the new token BitGo stated: “WBTC users will be able to utilize Bitcoin in a wide variety of new decentralized use cases, including

7 Reasons Why That Hot New ‘Bitcoin Stablecoin’ Sounds Like Junk by CCN

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I know this sounds crazy, But I actually SPENT some bitcoin.

You know – spending it like a currency, like what it was designed for. If everyone hodls forever and tries to use it as an investment, which it is not, it won't become anything more than what it is now – a gamble. Spend it, give the world a reason to use it. If something has no use it has no value.

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Bitcoin – The Currency of the Internet

Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔

Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔 submitted by /u/ForeverDutch92
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Bitcoin – The Currency of the Internet