At Web Summit 2018, in early November, Yoni Assia, Chief Executive of eToro, announced the launch of GoodDollar: an ecosystem-led project that explores how cryptocurrency and blockchain technology may reduce inequality through models based on universal basic income (UBI).
Less than two weeks later, on November 19, GoodDollar’s first community event took place, in Berlin, and was designed to establish an OpenUBI ecosystem. The day-long conference, titled OpenUBI in the Crypto Age, gathered like-minded people seeking to reduce wealth inequality from around the globe.
The event, held at the office of amatus. in the north of the German capital, attracted numerous leading lights in this space from all over the world. It was part of Revision Summit 2018, a social-impact technology conference, and sponsored by eToro, the leading global social trading and investing platform that is funding $1 million towards GoodDollar.
The OpenUBI community has been formed to encourage collaboration and discussion around UBI and its technological implementation. “Anyone can join because we are building a decentralised community,” says Gilad Barner, GoodDollar’s community and operations manager.
He traveled from Tel-Aviv and organized the launch event in Berlin, along with Anna Blume and Christian Hildebrand, founders of Value Instrument, an organization designed to stimulate economic activity in communities. During the event, an interactive demonstration of the Value Instrument alpha product was held, which illustrated an unusual approach of digital UBI via a chat application.
“Berlin has a very vibrant, pioneering, UBI-aware community,” continues Mr. Barner. “There are a lot of projects happening in this space in the city.”
For example, one project is Circles, an electronic cryptocurrency that aims to create and distribute a globally accessible UBI. Julio Linares and Karenina Schröder, from the Berlin-based organization that utilizes a network of enthusiasts and volunteers, provided lectures on their work. Karenina’s enlightening talk focused on the rise of women in blockchain and specifically the OpenUBI space.
Two afternoon panel sessions – discussing governance and identity challenges of both crypto and UBI – particularly sparked debate, and ideas. Panelists talked about how individuals and groups should work together in this area. Moreover, project leaders left the conference with a much better idea of how to collaborate, and who with.
One delegate, Kingsley Advani, founder and partner at Chainfund Capital, said: “We have never had such an opportunity or a platform to be able to provide UBI at scale. In this day and age we have the technology, and with the blockchain, companies like GoodDollar can provide UBI to those with the greatest need. We also have the potential to audit UBI. We can track if a family in Africa has received UBI and in the future, we can follow what they use the proceeds for.”
Cem Dagdelen, Founder at Horatii Partners, agreed and said: “UBI is a design space where you can actually create future economic systems. [Karl] Marx only had his pen and paper while designing [UBI], and now we have this beautiful design space where we can create autonomous entities, economic systems. UBI fits here perfectly.”
Another attendee, meditation facilitator Thorsten Wiesmann, was similarly enthusiastic about OpenUBI. “Evolution of humanity goes to a direction where we need to be conscious of our choices on an ethical level, much more than ever before, with artificial intelligence and other developments. Cryptocurrencies and UBIs, these are tools, or playgrounds, you might call them, to find out solutions that work for everyday life and for the society as a whole,” he said.
“The first get-together event was very well received and very successful,” continues Mr. Barner. “People were hugely excited to meet one another, and itching to start collaborating on projects. It was great to see attendees realising there truly is an ecosystem. It was proof that this is possible.”
“Many individuals, all around the world, are coming to the conclusion that UBI solutions need to be explored. There is no reason why they should not work together, and if they do it will be much more efficient. A lot of meetings were generated from the conference.”
Mr Assia was also greatly encouraged by the OpenUBI event in Berlin. He hopes this movement will encourage communication and collaboration within this space, and be the catalyst for GoodDollar and other UBI projects to be developed, which is the ultimate goal. “I was excited to see the ecosystem collaborating, and feel confident that OpenUBI will lead to significant breakthroughs and the creation of amazing products in this space,” he says.
The Berlin conference marked the first cornerstone of the OpenUBI community, according to Mr. Barner. He will be in London later on this week, on December 13, moderating a GoodDollar panel at The Next Web’s Hard Fork summit. “I hope everyone can come along to this event, which will indicate how active the ecosystem is in London, and what projects are happening” he adds. “The OpenUBI movement is just starting, and I want to see this sort of activity happening in every city in the world.”
Join GoodDollar. The project needs builders, scientists, and experts in identity, privacy, and financial governance, as well as philanthropists and ambassadors. Email GoodDollar at email@example.com, contact us via our social media channels (Twitter and Telegram) or join the OpenUBI movement.
Case for Universal Basic Income Gains Strength As Recession Fears Deepen
Britain’s protracted and problematic Brexit from the European Union, coupled with China’s falling exports and America’s record trade deficit, has deepened fears of a recession at the start of 2019.
Those looking beyond the doom and gloom believe the case for universal basic income (UBI) is getting stronger by the day – and now technological advancements are making it a viable option, moving it from theory to reality.
UBI is a revolutionary economic concept whereby every individual is granted a fixed, minimum wage to cover basic needs. With the threat of a global financial crisis, projects that explore distribution mechanisms to assist the poorest in society are gaining interest and support.
For instance, , a research hub that is experimenting how decentralized cryptocurrencies and blockchain technology may enable models based on UBI with the central aim of reducing global wealth inequality, is generating interest from all over the world.
From successful entrepreneur to successful CopyPortfolio investor: Meet Chris Hyland
Chris (@ChrisHyland) from the UK is a successful entrepreneur who founded one marketing agency that went global and is now the head of another company he founded, The Happiness Index. He is an active investor on eToro and a fan of the platform’s CopyPortfolio investment strategies. We asked him to answer a few questions about himself and his trading habits:
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. This is not investment advice.
- Tell us a little bit about yourself?
I grew up in the UK in Sussex. I am an entrepreneur – at the age of 26, I started a digital marketing agency called 4Ps Marketing with a friend/ business partner. The agency eventually went global and was sold to a larger company, NetBooster.
- How did you end up building The Happiness Index?
Through experience at 4Ps Marketing, and having to deal with a lot of people, you kind of learn how important it is for people to be happy and motivated in their jobs. This is what our new business, The Happiness Index, focuses on. The mission is to change the world and redefine work/life…
5 copy trends: The cringe, the funny and the awesome
Copying other people’s mistakes can lead to ground-breaking innovations and even aid the human ability to adapt research shows. Even animals and birds acquire some of their vital life skills and knowledge through low-cost copying. That’s because the individuals we tend to copy are typically top performers in their field, so we automatically skip the time-consuming trial and error stage.
Copying is such a huge part of today’s society that we had to draw a list of the top 5 hottest copy trends that shaped 2018 and we expect to see in 2019.
1: China has created perfect copies of Europe’s prettiest capitals
China’s love for Europe has given rise to a bizarre copy trend known as “duplicature”, which aims to create flawless copies of foreign cities with impressive architectural heritage. Thanks to this, the Chinese have their own Paris, Venice, Barcelona and other European gems. In fact, the Chinese Paris has recently celebrated its 10th anniversary. While, at first, these “fake cities” have struggled to attract residents, they’re full of the hustle and bustle of the city life today.
2. Food-inspired baby names
Choosing a name for a new baby is tough, so it’s not surprising that in 2018 parents have turned to favourite foods as the main source of namespiration. Topping this year’s most…
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