Circles Universal Basic Income
Circles
• A new form of money where every person gets its
own personal basic income (in a personal currency)
• All money i...
Why a Basic Income?
• The most unbureaucratic way to establish social
welfare
• Automation dividend
• we should not conser...
Why Circles?
• Implementing the basic income on the most basic
level
• A fair currency

(with respect to

money creation)
...
Is it possible?
• Bitcoin showed that it is possible - current total
value $ 6,800,000,000
What is money?
„Money can be defined as an agreement, within a
community, to use something as a medium of exchange.
As an a...
Preview
Preview
Problems to solve
• Giving the currency value
• Solving the Sybil attack problem
Circles at its core (1/4)
1. Everyone can create a new account
2. An account will constantly generate an income (about 1,0...
Circles at its core (2/4)
6. Accounts can trust another. This will allow both

accounts holders to exchange their coins 1:...
Circles at its core (3/4)
Circles at its core (4/4)
9. Arbitrary groups can be created.
10. Groups can add accounts as members.
11. Groups can exclu...
Regular transactions - Transitivity
A B C
A Circles: 300
B Circles: 100
A Circles: 50
B Circles: 350 B Circles: 350 

C Ci...
Regular transactions - Transitivity
A B C
A Circles: 300 -100
B Circles: 100
A Circles: 50 + 100
B Circles: 350 - 100 B Ci...
Sybil attack
A B C
Sybil 1
Sybil 2
Regular transactions - Groups
A B C
Silicon Valley Ethereum meetup
group
Ethereum early adopters
Regular transactions - Groups
Palo Alto Residents
Bay Area Residents
United States Residents
World Residents
Value of Money
• Personal Money
• max(val(group1), val(group2), … groupN,
val(liquid_connection1), … val(liquid_connection...
Groups
• Web of trust rules
• At least connected to x%
• Maximum distance = y
• Mean shortest distance
• Any kind of votin...
The growth rate g
The growth rate g
The growth rate g
• market cap = f(g) (and a lot of other parameters)
• maximize g*f(g)
What is Circles
• Ripple + UBI = Circles
• Money (creation) that serves the people
• The debt doesn’t need to be payed bac...
Debt is not repaid
Elinor Ostroms design principles for Common Pool
Resource
• Clearly defined boundaries (clear definition of the contents of ...
Don’t donate - invest!
The „Berlin BGE Späti“ (UBI - shop)
Thanks
universal basic income -
preparing the post scarcity economy
Contact us if you have ideas for more basic income
mee...
Detailed discussion
• growth rate = demurrage fee
Nächste SlideShare
Wird geladen in …5
×

Cirlces berlin

674 Aufrufe

Veröffentlicht am

In this talk we will discuss different methods to implement a universal basic income outside of the usual political process. We believe that such a solution could work on its own as well as accelerate the progress toward a politically implemented basic income.

One solution space may be the use of recently developed blockchain technology. Blockchain technology allows social contracts like the basic income to be implemented on a large scale without the need for a central coordination force that nowadays only governments can provide. Money and currencies at their core are social contracts. The basic income is a social contract as well. A new currency could combine both contracts. For the first time in history, blockchain technologies enable every group to create such contracts that through their architecture and inherent scalability can seriously compete with existing currencies.


This talk gives a good overview why blockchain technology could be a game changer for the basic income movement.

Veröffentlicht in: Wirtschaft & Finanzen
0 Kommentare
0 Gefällt mir
Statistik
Notizen
  • Als Erste(r) kommentieren

  • Gehören Sie zu den Ersten, denen das gefällt!

Keine Downloads
Aufrufe
Aufrufe insgesamt
674
Auf SlideShare
0
Aus Einbettungen
0
Anzahl an Einbettungen
2
Aktionen
Geteilt
0
Downloads
10
Kommentare
0
Gefällt mir
0
Einbettungen 0
Keine Einbettungen

Keine Notizen für die Folie

Cirlces berlin

  1. 1. Circles Universal Basic Income
  2. 2. Circles • A new form of money where every person gets its own personal basic income (in a personal currency) • All money is only created through basic income • people can voluntarily connect to each other (build their Circles) and accept each others currencies within this circles • bottom up money - positive money (debt free money)
  3. 3. Why a Basic Income? • The most unbureaucratic way to establish social welfare • Automation dividend • we should not conserve work (places) - we should get work done • Maximize the cake vs. maximize AND make sure everyone participates • prepare the post scarcity society • Trickle up vs. trickle down
  4. 4. Why Circles? • Implementing the basic income on the most basic level • A fair currency
 (with respect to
 money creation) • Creating value on
 the (Ethereum)
 blockchain
  5. 5. Is it possible? • Bitcoin showed that it is possible - current total value $ 6,800,000,000
  6. 6. What is money? „Money can be defined as an agreement, within a community, to use something as a medium of exchange. As an agreement, money lives in the same space as other social constructs like marriage or lease agreements. These constructs are real, even if they only exist in people’s minds. The money agreement can be made formally or informally, freely or by coercion, consciously or unconsciously.“ „Our money and monetary system are, therefore, not de facto realities like air or water, but are choices, like social contracts or business agreements.“ Prof. Bernard Lietaer
  7. 7. Preview
  8. 8. Preview
  9. 9. Problems to solve • Giving the currency value • Solving the Sybil attack problem
  10. 10. Circles at its core (1/4) 1. Everyone can create a new account 2. An account will constantly generate an income (about 1,000.00 units per week) 3. The rate at which the income is generated will increase by g=2% per year 4. A new account starts with the income that will be generated in the next 3 months 5. One month of income is for the account owner – the other two are reserved for people who trust this account, it is called the trustee reward.
  11. 11. Circles at its core (2/4) 6. Accounts can trust another. This will allow both
 accounts holders to exchange their coins 1:1 7. Trust can be revoked by both parties. 8. If an account trusts another account it is credited with
 10% of the remaining trustee reward.
  12. 12. Circles at its core (3/4)
  13. 13. Circles at its core (4/4) 9. Arbitrary groups can be created. 10. Groups can add accounts as members. 11. Groups can exclude accounts as members. 12. All members can convert their private money into group money
 (1:1 exchange rate). This exchange is irreversible.
  14. 14. Regular transactions - Transitivity A B C A Circles: 300 B Circles: 100 A Circles: 50 B Circles: 350 B Circles: 350 
 C Circles: 600
  15. 15. Regular transactions - Transitivity A B C A Circles: 300 -100 B Circles: 100 A Circles: 50 + 100 B Circles: 350 - 100 B Circles: 350 + 100
 C Circles: 600
  16. 16. Sybil attack A B C Sybil 1 Sybil 2
  17. 17. Regular transactions - Groups A B C Silicon Valley Ethereum meetup group Ethereum early adopters
  18. 18. Regular transactions - Groups Palo Alto Residents Bay Area Residents United States Residents World Residents
  19. 19. Value of Money • Personal Money • max(val(group1), val(group2), … groupN, val(liquid_connection1), … val(liquid_connection1)) • Group Money • min(all members: persons and groups)
  20. 20. Groups • Web of trust rules • At least connected to x% • Maximum distance = y • Mean shortest distance • Any kind of voting mechanism • >50%, 66%, … • Centralized with regular passport • Employee of a business • ….
  21. 21. The growth rate g
  22. 22. The growth rate g
  23. 23. The growth rate g • market cap = f(g) (and a lot of other parameters) • maximize g*f(g)
  24. 24. What is Circles • Ripple + UBI = Circles • Money (creation) that serves the people • The debt doesn’t need to be payed back • Credit is not approved based on rating of banks but fixed per person • No (forced) debt union – more resilience • A steady growth rate of money – more stable economy
  25. 25. Debt is not repaid
  26. 26. Elinor Ostroms design principles for Common Pool Resource • Clearly defined boundaries (clear definition of the contents of the common pool resource and effective exclusion of external un-entitled parties) • Rules regarding the appropriation and provision of common resources that are adapted to local conditions; • Collective-choice arrangements that allow most resource appropriators to participate in the decision-making process; • Effective monitoring by monitors who are part of or accountable to the appropriators; • A scale of graduated sanctions for resource appropriators who violate community rules; • Mechanisms of conflict resolution that are cheap and of easy access; • Self-determination of the community recognized by higher-level authorities; • In the case of larger common-pool resources, organization in the form of multiple layers of nested enterprises, with small local CPRs at the base level.
  27. 27. Don’t donate - invest!
  28. 28. The „Berlin BGE Späti“ (UBI - shop)
  29. 29. Thanks universal basic income - preparing the post scarcity economy Contact us if you have ideas for more basic income meetups in Berlin join us on: aboutcircles.com @aboutCircles https://github.com/koeppelmann/circles
  30. 30. Detailed discussion • growth rate = demurrage fee

×