[ExI] Sell your Bitcoins!

[spike at rainier66.com]

...> On Behalf Of Kelly Anderson via extropy-chat
...
>>
>> On Mon, Jun 8, 2026 at 4:32 PM <spike at rainier66.com> wrote:
>>>
>>>   > Where does the money come from?

>...This is actually a great question Brent. There isn't, currently and maybe never, enough money to do UBI...

There is enough money Kelly.  I mentioned before I have the solution: have a UBI, distributed in pre 2009 Zimbabwe dollars.  Before that year, the Zimbabwe equivalent of our Jared Bernstein opined that the Zimbabwe government cannot go bankrupt because we can print our own money.  OK, so... they did. Eventually they discovered the flaw in the reasoning.  The exchange rate between the old Zimbabwe currency to the new is 25 orders of magnitude.  10^25 old Zimbabwe dollars buys you a new one, ten billion petadollars for one new.  I am a trillionaire myself, if we assume an old Zimbabwe trillion dollar bill counts.  I used it as a bookmark.  

We can print money, but we cannot print wealth.

Even if we (somehow) get four non-moron governors of our Federal Reserve, and even if the four non-morons agree with each other, they still cannot print wealth.  They can print the hell outta US currency.  They cannot print foreign currency, even if they are non-morons.

>... rather you give them a dry decent place to live, food to eat, water to drink, transportation, Internet, and all the AI they might need to pursue their dreams, and perhaps a few more things just to make things nice...

That's what we are doing locally, to some extent.  We have a food bank and an area near it where those dependent on it camp.  We have piped in running water there.  We can't print land, yet.  So... we do the best we can, but we are making it with food donations and clothing donations.  The city government kicks in, and the state government is giving us the ground where the food bank operates.  So far we are keeping our homeless population fed and out of sight with green-screen fences.

>...The reason this might work better than money is that the AI and Robotics should be able to provide those things with very little effort...

We will get there eventually, I hope.

>... while money inflates away to nothing when everyone has the same amount...

Kelly were I POTUS, I would nominate you to lead the Federal Reserve.

>...UBS really seems like it has a chance when you can build a house for a few thousand 1971 dollars...

Building a house is easy.  Building the land to build the house is hard.

...

>...The problem with giving money to the poor is that they often choose to spend it on drugs and booze....

They do.  It is easy to see.  I have toyed with the idea of universal basic drugs.  The notion has some merit I suppose.

>...Where providing them with food and shelter and a way of making a little money for drugs and booze on their own might just work a little better. In any case, it's a rather new idea to me and I haven't seen anyone try to shoot it down, though I can guess who will try here.

-Kelly

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We have plenty of fentanyl, seized by the constables.  Why not distribute it?  Generally the fentanyl addicts are not violent.  They don't even move from what I can see.  Those addicted to other meds are dangerous.  They get the fentanyl anyway somehow.  Offer Naloxone on site, and anything volunteers are willing to provide.  That's what we have been doing here for decades.  It isn't great, but it works. 

spike