> If the act of issuing tokens is disconnected from the process of bringing value into the given ecosystem, then the act of issuing tokens is merely inflationary. If the act of issuing tokens is directly connected to bringing value ("Bob brought X units of value in, Bob gets X tokens"), then it's not really a basic income.
True, the process of issuing tokens disconnected from new value is inflationary. But that doesn't imply that the currency as a whole is inflationary.
Some members might not be doing anything for some period of time and simply inflating the currency while others are deflating it through value creation. But sooner or later those folks will produce something of new value that deflates the currency while others take a break.
It's certainly possible. Universities do this for their tenured professors today and it seems to work out fairly well.
True, the process of issuing tokens disconnected from new value is inflationary. But that doesn't imply that the currency as a whole is inflationary.
Some members might not be doing anything for some period of time and simply inflating the currency while others are deflating it through value creation. But sooner or later those folks will produce something of new value that deflates the currency while others take a break.
It's certainly possible. Universities do this for their tenured professors today and it seems to work out fairly well.
See also this reply: https://news.ycombinator.com/item?id=9501494