COINZ Official

Citizens Online Income New Zealand

Month: September, 2014

The Positive Sum Finance of Basic Income

The Kiwicoin project I have initiated is designed to appeal to an often overlooked term in politics and finance: positive-sum games. The greatest economic innovations and inventions often benefit multiple parties at once, which is why they tend to be copied far and wide.

Savvy business people often recognized that positive sum solutions benefited them. However, zero-sum logic, or the idea that only one clade can dominate at the expense of others, has become more common. The irony is that the historical norm (and more common practice) is the adoption of positive sum solutions, whether intentionally or not. For example, Henry Ford paid his workers enough to purchase the cars they manufactured, thus ensuring he’d have plenty of demand for his products (and also ensuring positive relations with employees).

The basic income, at least our approach, offers multiple benefits for every sector of society. The poor and less affluent have another lifeline. The middle class has compensation for shrinking wages and the ability to pursue their own business or spend a bit more. The affluent get a bit more pocket change to invest or spend.

There are benefits to institutions as well. Governments can earn more indirectly from increased tax revenue. Financial institutions gain more money invested within them at a regular interval, as well as the digital currency having a constant store of value relative to other investments. Businesses, large and small, gain more consumer demand, as well as having more to invest in themselves. At the same time, the national economy becomes less fragile when dealing with international economic crises.

The digital currency itself is independent of the government, and thus little to no taxpayer funds are required. Likewise, even if the digital currency were to fail, it would give lessons for the next incarnation. The low capital requirements mean that it has a low barrier to entry. The point of the Kiwicoin is to demonstrate a digital currency solely for social investment, the greatest example of positive sum thinking.

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Moving from Alpha

An alpha build of our Kiwicoin software exists, and we would prefer to expand outwards into a public beta. This will be a key period in the development of our Kiwicoin project. We thank you for your interested and support thus far, and we will let you know how things unfold.

Moving from Alpha

An alpha build of our Kiwicoin software exists, and we would prefer to expand outwards into a public beta. This will be a key period in the development of our Kiwicoin project. We thank you for your interested and support thus far, and we will let you know how things unfold.