When the first cryptocurrencies, like bitcoin, appeared, people could mine coins using a simple computer or laptop, but over time, the complexity of the bitcoin network grew and large companies began to mine bitcoins, owning expensive equipment such as ASIC. Mining coins with cheap and affordable computer hardware can make the idea of a guaranteed income come true. Unfortunately, Proof of Work is not the best option for this. Proof of Stake cryptocurrency also has disadvantages.
The most successful option today for the implementation of the idea of a guaranteed income is the Idena blockchain, which works on the Proof of Person principle.
The exchange rate for October 7 is $ 0.11 and if the price increases 4 times, then the monthly income in the region of 300 coins from mining and validation will be equal to the amount of the subsistence minimum in Russia. In 2020, the cost of living in Russia is $ 150 per month. Many developing countries have similar living wages. Third world countries have a much lower monthly subsistence level.
I assume that the idena price can rise by at least 10 times. And this means the development of technologies, means of production, and money in the 21st century will give people what no state in the world can give today. With the help of blockchain and cryptocurrency, all people on the planet are able to receive a guaranteed income. Initially, residents of developing countries and third world countries will receive income from Idena, but as the price of coins rises, residents of Western countries will also benefit from Idena.
Easy money and cheap manufacturing will make all people on the planet equal. All roads lead to communism.
Idena offers the following:
- Unique cryptoidentity: Idena developers believe that a cryptoidentity is the building block of the decentralized future. Such an identity can be constructed to be anonymous, self-managed, and valid globally, no matter where the person lives. No trusted authorities are needed to achieve this. All we need to know about the account is that there is a single living person to whom that account belongs. Idena developers call it Idena.
- One person - one vote: One person - one vote is a fundamental principle for democracy and a foundation for the future blockchain technology. Idena developers believe in distributed governance and the wisdom of the crowd to achieve stability. Advanced voting mechanisms like quadratic voting could improve distributed governance for everyone.
- Decentralized web: A peer-to-peer web without servers and censors would empower people, not wealth or authority, and give them control over sharing information and value. No personal data should be required to access a service, send a message, or buy a coffee in a decentralized world.
- Universal basic income: Blockchain mining must be democratic: The blockchain node should be light enough to run on an average computer or laptop. In Idena all participants are empowered to maintain the network. Participation in Idena is rewarded in a form of a UBI.
- Freedom of speech: Every voice has a right to be heard. Spreading information should be seamless, and publications should be censorship-resistant.
- Scalability, decentralization, security: Idena developers believe that a scalable blockchain can be built without compromising its safety. The basis for genuine scalability and safety is a transparent and redundant decentralization.
You can join the idena network now and receive rewards. To do this, you need:
Download App https://idena.io/?view=download
Get an invitation https://t.me/IdenaNetworkPublic
Practice flip solutions https://flips.idena.io/?pass=idena.io
Wait for the day of validation and pass it. The date of the next validation is available on the main page https://idena.io
The validation process is that you have to solve about 20 flips that will appear at the appointed time.
After passing the first validation, you can enable mining.
Visit Idena website for more information: Idena website
Good luck to everyone and see you on the idena network!
My idena adress: 0x005c9275fbc7bfc688198f4aa7e7b874a52b3e2d
