UBI & Social Credit Scores - Govt Using Private Networks To Distribute UBI

Welcome back to the channel. I hope you guys are having a great weekend. And so today we're going to talk a little bit about, uh, universal basic income payments being issued through, uh, platforms that are privately, uh, run, um, social credit scores. We're just going to use some examples about how it's done. Through such systems. And, um, kind of spawned this— I had been thinking of doing a video like this earlier, but, uh, it actually kind of was spawned from a reply question we got in the Universal Basic Income community, uh, under the topic of what sort of post-superintelligent society should we aim for, right? And so the community was giving their thoughts about— of course, when they're speaking about superintelligence, you know, they're talking about a post-superintelligence world. This is when the super AI systems have created the best-case scenarios for mankind, whether it be probably in their economics, their political landscape, and What would that world look like? Right. And so I did some replying on certain things. And one of the questions came up was related to resources, where one of the members of the community asked a question regarding resources and kind of like any idea of a resource-based economy. They asked the question, what most existing sources being owned by private— they're talking about private companies and businesses. How do you envision that private resource becoming a public, even global resources? Of course, you know, the pillars of capitalism is private property, of course, right? Private business, private enterprises. right? So in a, in a post super intelligent, super AI world where the AI system maybe wanted to divvy up all the resources, just go, hey, you know, every human being's need can be met. Now this is like a utopian situation because there's no lack. All there is going to exist or needs to exist logistically is basically where the resources are and how to get the resources from point A to point B, right? Now, of course, the problem is if you privately own resources, right? If it's your land and you have mineral rights, right, to whatever's in the soil and so on and so forth, you know, under the way capitalism works, You can't just go in and just take what someone privately owns, right? Now, of course, the government can. You know, they call it eminent domain laws. You know, if you have something that they want for the betterment or what they deem to be the good of the country or society, they can just then go in and, you know, offer you fair market value or what have you and just take it. Right, legally take it, and there's nothing you could do about it. So there you see, there's even in that, those set of circumstances, there is a containment on what exactly private property actually is. You could be forced to sell it, you know, it's, you know, you, what if you, what if you didn't want to sell it? What if you You know, it was no amount of monetary value that mattered to you other than maybe you have a piece of land that you want to die on, uh, and, and now that's been taken away from you. So in that sense, the private property, you know, is contained by that. Um, but specifically to the question that is being asked in that regard, what would a system look like right now? Of course, also when we're talking superintelligence, we're talking, you know, technology. You know, we're not necessarily just talking about a group of people going to the government and saying, hey, you know, can you issue us a universal basic income check or something like that? And we also bring up the idea of social credit systems because where they are used in places like China, the development of them and the implementation of them is, uh, quite a bit more complicated, sophisticated. It uses technology, it uses tracking systems. So there's a lot going on with that other than government, can you issue us some money? So it might be helpful if more so I just respond or just read out the comments that I wrote in response to the question and try to drive it home a little faster and easier. Right. And so I'm just going to kind of scan over, try to hit the most important points, but I replied to them. So typically when we think of a post-AGI world, superintelligence post-era, we think of future economies involving universal basic income, right? When we hear universal basic income, a lot of our minds go to future models, future economic models, Star Trek, models where there is plenty of abundance, right? And you almost don't even need money because all your, you know, most of your needs are being taken care of. Um, however, do you notice that in many theoretical exercises in the future, uh, the Universal Basic Income community still uses 20th century economics in the 21st century, right? As to me, as to state that all of this The super AI is coming. All of this technology is being created and being used, right? But the universal basic income communities, where some of them are using various technologies, various monetary systems, various algorithms, there's a lot of the universal basic income community that's still approaching this from a very basic, rudimentary way, right? They're not implementing any technology. They're not thinking about how technology could be used in this. They're not thinking about robots and labor and so on. Many times they're just thinking about change numbers on a ledger, the tax, tax, tax. Somebody over here, take, take, take something over there. Uh, now you put it over here. Uh, and, and That's a very archaic 20th century model. And, uh, in a super AI world, it's probably not the type of model that the AI system would come up with. Um, so we talk about how they're trapped in, in this very myopic thinking, right? Um, and so let's get into some technology that does these massive payments out to people. They do transactions monetarily, and it's none of this done through, um, the government or fiat currencies. In some cases, some of them are done through point systems, and some are done through platforms and applications, right? So we read off here on, uh, the understanding of platforms like WeChat, which is popular in China. It's a multi-purpose super app, right? Super app, that, that's important, right? Not just an application. When we say super app, combining messaging, text, voice, video, social media moments, mobile payments, WeChat Pay, many apps and extensive e-commerce lifestyle services, acting as an all-in-one platform for communication, commerce, and daily life, especially dominant in China but used globally. So think a moment about that, right? That is a virtual— almost like its own virtual country where it has a virtual community, it has a virtual payment system, a virtual currency, it has all of these things that exists in cyberspace, right? And they're accommodating on a global level. Remember, there's a lot of people in China using WeChat. There are people walking around using WeChat in China. They don't— they never pull a credit card. They never have to because all of the commerce and merchants accept WeChat Pay. Um, I give a second example here. China's social credit system doesn't issue payments directly. Instead, it's a complex evolving network of government and private databases that track behavior to assign scores or list people, businesses on blacklists impacting access to loans, services, and privileges, with high scores unlocking perks like easier payments or waivers, right? While low scores restrict them through linked payment platforms like Alipay, affecting eligibility for financial products and more. So think about that. That is saying that in order for the Chinese government to issue these payments, get them out to the people, right? It's not like how the universal basic income community wants to go to the federal government and ask that a check be cut out, having to deal with all the politics. WeChat is a private organization that created these applications and created all this stuff, and the Chinese government just went to them to facilitate the payments to the public in their social credit score system. And of course, when we're talking about social credit score systems, these are reward payments going out to the people. In a sense, it can almost function like some of the purpose of what universal basic income could do. When Andrew Yang was running for president, right, in his presidential campaign, he talked about this type of volunteer pay that would be issued through a type of UBI system as well, where people who did volunteer services who aren't normally paid because they're volunteers would be paid, right? Helping elderly people, maybe taking care of elderly people, maybe taking care of your grandmother. But whereas Western civilization is behind in all those things, China is already doing it. Right? They're already using their social credit score system to reward people who do things like Andrew Yang mentioned. And that is quite the shame because it is the mark of an advanced civilization and Western nations, many are behind in this, right? They're not doing that. Um, and so that's all very important to note that The Chinese government doesn't write— the Treasury of the Chinese, uh, bank or federal government or whatever— they don't write that out on the Chinese government Treasury, that it is just implemented through WePay. So it's very important to understand those type situations, as in when we issue, right, in this future model that we're talking about, when it's issued out that, uh, you know, there will be, um, you know, basically, uh, done, you know, done through these mega applications, these everything app applications, these private networks, right? Remember, they're not owned by federal government, right? These are owned by the people. These are people like you and me doing these things. These are people like you and me doing these things. And this isn't, um, the government has having to, to do that, right? Um, so here AI would, uh, so to explain, you wouldn't need private resources to become public, right? You wouldn't need— in other words, you wouldn't have to take them from the owners, right? From the private owners in order to be able to distribute the resources, right? We're not going to have to do it because the, uh, that is because the AI will still be in control of the platform itself, right? The monetary system, whatever, however big it expands or whatever its purpose serves. So the distribution system itself working alongside the AI would track global value and resources and simply through an algorithm issue payments that line up with that, whatever the purpose is, right? An example of the Chinese government. It was, you were being rewarded for taking care of that grandmother, for being a good Samaritan or whatever. And of course, because these systems are already globally accepted and so many merchant services don't wanna lose out on that business, that private owner of those resources, right? He wants to trade that with other people as well. He's going through that Everything App platform to do it. So, uh, then I explained that the project I work on, we've already designed this algorithm that does that. Um, and we're going to take you over there before we get out of here, in case you want to play with it, try it out. Uh, you're in the UBI community, you want to try to, you know, obviously you want to expand your education. and, uh, in universal basic income and knowing all that you know and all that you don't know, right? So in other words, AGI will be so much smarter, right, than us. It will figure out the scenarios right away, these scenarios, right, you know, using these type systems. And, um, so, uh, we won't have this backwards situation we're having now in the West. So a lot of people have an issue, or of course I go on to say here, so the government can simply, with a bundled tracking system, implement rewards, dividends, universal basic income, whatever you wanna call it. The system will be able to on its own operate independent of the government. And of course some would be concerned about global fiat currencies. What would that mean to them? We know recently the US dollar with the campaign in Venezuela, oil is purchased in the US dollar, right? But there's all these initiatives through what, which would've been foreign actors like Venezuela and other nations, Iran and maybe several others through proxy, whether it be Russia or China, might have had an initiative where they were going to decouple from the US dollar being purchased in oil and such, and so, you know, and things like that. And so in the case, could be very crippling to the US dollar, which wouldn't be good. So anything that could be crippling to the US dollar could cause the United States government to act in, you know, in a, you know, in a way that they would not want that to happen, could make it very difficult for such a system like that. But now, of course, in these AGI models, these AI platforms and such, you know, this probably would not be much issue for the US government, right? Prior to that, I go on with a response to that. Prior to the Federal Reserve notes were issued, United States government was issuing greenbacks, right? With, you know, of course, their internal, this internal way for them to basically issue debt, raise money, which, you know, is different now. What we use was something that is not federal, outside the government, called the Federal Reserve Bank, which is not federal, right? This is not, you know, the actions of the people of the United States government. It's very clear to make those distinctions. So the United States government, how the money works, Remember, money is just paper at the end of the day. The United States government and many governments around the world aren't really interested in the paper money. They're interested in the actual physical resources, right? In other words, the United States government, they want the gold, they want the land resources, they want the minerals in the ground. Right? They want their taxes paid. And, uh, you know, what we see with many, uh, situations with, um, uh, resources is that United States government has means and ways to just physically take possession of those resources, right? Uh, physically. And in a case like this, uh, I wouldn't think that in these future models, that wouldn't be a problem. If it's some type of money system or payment system or however that value is being moved around, I would imagine the government could just go in easily, more easier than how they collect taxes now, and just take possession of that, those funds, right? And they would have access to those funds. And they can also do like the example of the Chinese government that actually uses these payment systems to issue the payments out, to distribute them out, right? You know, uh, because once anything becomes digital, you can call it the USD, you can call it whatever you want, but now it's part of a virtual space. It's part of the digital space, right? This is now a digital currency. It's not a paper money. And, um, it's just digital money, as most all of it is anyway. But now it's being filtered through this platform, right? So we're all on board on that, and we kind of pretty much got that under control. So the government will still have possession, get their taxes and such and so on, much like they do now. And that probably would be their biggest, you know, concern, as long as there's not a way you can kind of duck-dodge those taxes and such. And I would go so far as to say with a system like this, it would be easier for them to collect tax. So they probably wouldn't have a huge problem over there. Anyway, let's get you over to Bitcoin and 1K before we get out of here. This gives you guys an opportunity to play with some of this technology that could exist in this post-AGI world. All right, here on BitcoinMYK. So we were talking about the idea of the everything app, right? Remember we gave the example of WeChat and the Chinese government distributing their social credits system through WeChat and such, right? Using Alipay and so on. So you see a similar example here, right? People are, you know, at first glance looks like a standard social media site, right? The everything app, as we read earlier, does everything. It does commerce, it does communications, right? It does videos and applications, all the, all the very things mentioned. Right? We, we have that system. And, uh, where, where it gets different, of course, you start to see that we have, uh, a wallet, um, to distribute money to each other into the system in general. But where this is a, uh, goes more into the ideas we express in a 21st century model, we're going to take you over the wallet and show you the algorithm at play, right? At work. Okay, so here's where it gets interesting, right? The algorithm is at work. This isn't done by a person. This isn't necessarily done by your activities, although it can influence the algorithm. But person visited a page, right? I'm looking at my own wallet, right? Or visit the page, logged in, and the system will do that with every account. Um, and you're basically getting the currency for the algorithms awarding you the currency for all your methods and models of participation right now. What's important to note about this is this very same algorithm could be dialled up to a much more complicated, sophisticated algorithm that will track all your data from, you know, in the case of the Chinese system, the social credit system, it's very complex. They have cameras in many places and they can check out what, who's doing what in certain neighborhoods. And if you're a good actor, in certain neighborhoods, you get rewarded more, right? Well, you can use similar technology like that to issue dividends, universal basic income, and it's all done by an algorithm, right? And so the distribution model within itself works independent of the government, right? And that way that the AI is in control of it and not people, right? And why would you prefer in some cases the AI over the system where some people believe the AI would not only be more efficient and run a more optimal system, but the AI would be more fair in the distribution method on who gets what. And there wouldn't be all this funny business with the AI, right? And so in that way, the system could be, you know, much more better, right? So it breaks down based on your participation and what you do. And your universal basic income is linked to that, right? The citizen's dividend. What is a dividend? A dividend is payment for your basic involvement, participation, cooperation in some entity, enterprise, community, country, nation, globe, where you're being, uh, basically rewarded, given this dividend, right? For being a member of that society. And so it's no different here, but instead of politics being in charge, politicians being in charge, human beings whose minds can change overnight, we set these algorithms in charge, right? And when we speak of this 21st century model, our belief is you're going to see a lot more models like this that do this. And in doing so, have a much more efficient new model that meets the current circumstances of the 21st century, not the 20th century, right? So all very interesting stuff, guys. You are welcome to try this out. Now, um, I know the questions will come up like, well, this sounds good and all, but why aren't people using this? Why aren't people trying this? And again, there has to be a certain amount of reasonability. We've learned that this entire UBI movement community is so far behind in technology. Many of them— remember, guys, there are people out there still asking me, uh, what you— what universal basic income even means. What is it? And then we don't have those people, you have people within the universal basic, uh, universal basic income community who are really working with a very limited knowledge base, you know, as to say, uh, they, uh, have studied some things, they've read some papers to typically papers coming from people who are still stuck in the 20th century. These aren't people who have created projects with any technology related to AI or related to what we're going to get with this superintelligence. And so they're getting all their information from them. So this is a very limited knowledge base. It is a very myopic approach. It is a very, very simple approach. That is not working in a complicated world. And all of these things line up to some of the reasons we don't have universal basic income as of, as of yet. Right. So all very interesting things. I'm going to end the video here. But guys, be sure if you like content like this, if you think it's important, because another thing you got to remember, guys, when it comes to the universal basic income community, I'm always at odds with the universal basic income community. I'm always in arguments with these guys. I'm always fighting with these guys. And the reason being is because there, there's data out there, there's statistics that says the longer it takes for us to get things right, right, the longer people stay in poverty, the longer it takes us to learn and be educated about things, the more people die. There's a direct correlation between poverty and rising numbers of deaths. So ignorance is killing us. And that's why I argue, because what happens when you don't argue with people sometimes is they casually walk away from the conversation. They don't do anything. There's no fire put beneath their feet, uh, and they go on years and years and there's no progress made. There are, there are no platforms to do the distribution models like here on Bitcoin NYK, where people, as you can see, are using it every day, distributing and using the system. But there aren't going to be any of those, right, if more people don't learn this and more people don't, uh, move to push for these type things and give the people these type things. But without the fire being put beneath certain people's feet, uh, that, that sense of urgency, a lot of people just aren't going to do anything right? They aren't going to move. They aren't going to think deeper about these type things, and more people are going to die, you know, as a result of it. So guys, that's all we want to say in this video. Guys, if you like content like this, don't forget to like and subscribe to the channel. Feel free to come play with the platform over at BitcoinMYK.com. You can only learn a whole bunch more. It's going to be helpful for you, the world, and everybody. So that's all I want to say in this video. Until next time, as always, take care of yourselves and each other.