Because the currency system is set up to not circulate the productive system, the basic income can be printed without taxation.

I think Modern Monetary Theory would argue that we already don’t need taxes for a basic income, but it would advocate other measures to control inflation. Through an MMT lens, the way currency doesn’t circulate effectively prevents inflation, I think.

sef: finally got a chance to read through that page on libsoc planning. very interesting, and i like a lot of aspects of it. the CAP groups are particularly intriguing, that's an idea i've not seen before. overall, while the shape of the accounting/economics Basis is different, these two systems seem to have similar methods. i'd say something like CAP could be really useful in Basis for setting costs on resources/processes that are known to be harmful. the working idea is to have some form of continuous democratic referendum on each tracked resource/process to decide how harmful/scarce/etc it is. while it represents some form of centralization (which i'm not ideologically opposed to), having something like a CAP group deciding these costs based on expert knowledge might be more effective than having every single person decide.

it seems to me the system being described here would actually be a great candidate for running on top of Basis...you woudln't need some central logging of all transactions, because that's built into the protocol's fabric, and the accounting system works in observable values instead of information-destroying mechanisms like prices.

Nathan Petrangelo: i agree that bloc voting should be handled out-of-protocol by something else, and from what i know of Dual Power App it would fit the bill nicely!

regarding reticulum, i don't think i've heard of it until now (or if so it was a while ago). it looks like a really cool project. i'm curious where this fits in next to something like libp2p...they are both kind of encrypted overlay p2p networking libraries. any sense on how far reticulum is? i think there would have to be a rust lib before i could truly evaluate it.

Nathan Petrangelo: i agree that bloc voting should be handled out-of-protocol by something else, and from what i know of Dual Power App it would fit the bill nicely!

regarding reticulum, i don't think i've heard of it until now (or if so it was a while ago). it looks like a really cool project. i'm curious where this fits in next to something like libp2p...they are both kind of encrypted overlay p2p networking libraries. any sense on how far reticulum is? i think there would have to be a rust lib (or an easy to interface C lib) before i could truly evaluate it.