I’m an investor and a cryptocurrency enthusiast living in California. I have recently become very interested in NuBits and the problems with Bitcoin it seeks to address. I came up with an idea to promote the NuBits network (that is to say, others may have come up with this idea as well, but I am committed to seeing it through). It would involve distributing free NuBits as a worldwide income supplement via a not-for-profit organization/trust.
To be clear, I’m not proposing the creation of extra NuBits for this special purpose, I just mean that donations collected would be converted to NuBits and distributed to recipients who enroll. (Recipients might also receive a small amount of Peercoins, NuShares, or other cryptocurrencies, but that would be something to be decided later on by NPO trustees or the equivalents thereof.)
Yes, this is a lofty goal. Such a project would involve tremendous time, money, and effort, but it will be worth it if executed correctly because it would benefit NuShares holders as well as those living in poverty.
I have been doing lots of reading & writing pertaining to my idea, and I am serious about moving forward. I have written a few pages of a proposal with a tentative action plan, but it is still in the early stages. I will be attending Inside Bitcoins 2015 later this year (I attended the one in Vegas last year, and it was a pretty exciting experience), so my hope is to have the ball rolling on things by then; that way I’ll be able to speak confidently with fellow attendees about NuBits/NuShares and the basic income project’s initial progress.
Here is a short, tentative mission statement, which is two-fold:
(i) To provide a nongovernmental income supplement to any people who want to participate.
(ii) To bring cryptocurrency-based financial services to “unbanked” persons.
I definitely want to work with active participants in the Nu community such as yourselves, so DM me at any point if you would like to get involved and/or discuss the plan.
Other ideal partners down the road might include:
(a) Kiva, a not-for-profit organization that enables peer-to-peer microloans across the world, could help facilitate the enrollment of fund recipients.
(b) Global Basic Income Foundation aims to spread the idea of a basic income and develop possible ways to implement it.
© Mozilla is trying to bring free (ad-supported) mobile data to developing nations.
(d) Bitsoko is a startup that recently won a grant from the Bill & Melinda Gates Foundation to help bring digital currency services to Africa.
(e) Google – aside from its many outreach efforts and technological innovations – has an Inactive Account Manager tool that could be useful for tracking the death of fund recipients.
I have a few questions for you guys:
- Do you have any suggestions or input for helping to make this project a success?
- Nu is still technically in beta mode according to the website disclaimer; what do you think it might take to bring the Nu network up to Bitcoin standards? In other words, what do you think it might take for the people who trust Bitcoin’s network to put an equal amount of trust into the Nu network?