whitepaper.gooddollar.org
whitepaper.gooddollar.org
https://whitepaper.gooddollar.org
Distribution & Impact
Income by Deciles. For the income figures, the ratio D10/D1 is 100 and the calculation of Gini revealed is 0.471. Assuming the income levels stay the same together, with the added $3 of basic income, we see now that the ratio has significantly dropped -- to 25.75 -- whereas the Gini index stands at 0.437, marking a 7.2% improvement inequality.
Overview
The GoodDollar protocol presents a community-driven,distributed framework designed to generate, fund, and distribute global basic income via the GoodDollar token (hereafter "G$"). G$ is an ERC-20 digital asset built on the Ethereum blockchain that operates within the emerging ecosystem of decentralized and open finance.
Introduction
While national authorities grapple with the logistics of deploying basic income to their citizens, the emerging DeFi ecosystem offers a faster, more efficient route. The GoodDollar model for a distributed, people-powered global basic income complements government work while reaching beyond national boundaries.
Conclusion
With the emergence of distributed blockchain technologies, we can advance and build people-powered, bottom-up economies that focus on encouraging growth at the base of the pyramid, for ourselves and for one another. We believe that a people-powered distributed global basic income economy can and will expedite this transformation.
Monetary Tools and Controls
To optimize the utility and impact of the GoodDollar basic income economy, there are a set of monetary tools to manage and modify the protocol. These tools are designed to create a monetary policy that rewards all G$ holders -- a system entirely under the stewardship of the GoodDAO (see Governance). We trust that these controls will be managed ...
References
The Cost of Basic Income: Back-of-the-Envelope Calculations, December 2017 [19] World Bank, Ongoing [20] Global Issues, Poverty Facts and Stats, October 2020 [21] The World Bank, October 2020 [22] The World Bank, October 2020 [23] Newzoo, September 2018 [24] The World Bank, World Development Report 2016, December 2016 [25] The World Bank, April ...