Disclaimer: this guide assumes that you have a basic understanding of how to use Ethereum enabled applications (i.e. Metamask and/or MyEtherWallet). It also assumes that you understand how to keep your Ethereum keys and Ether funds safe. As a last note, there are also small details I won’t deep dive into (i.e. the in and outs of the auction process). In case you have further questions on any of the steps, I would recommend doing some research before proceeding.

Image for post
Image for post

I assume no responsibility or liability for lost keys and/or funds as a result of any possible errors or omissions in content, or any missteps when going through this article. The information contained in this article is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, expressed or implied.

I’ve recently came across something that completely blew my mind: brain channel capacity. I found this reference while reading the amazing book by Malcolm Gladwell, The Tipping Point. Here is how he describes this concept:

Image for post
Image for post
Photo by h heyerlein on Unsplash

Channel capacity is, simply put, a measure of the brain’s ability to process and store new information. Here is a practical example of how we, unawarely, put this to use every day: you want to call someone; you pick-up your phone; you search for that person’s name; you call them. Do you actually know that person’s phone number? No, you don’t. …

1970. The Beatles announced their break up; Venera 7 landed on Venus; the Boeing 747 made its debut commercial flight from New York to London; a new house cost, on average, $23,400.00; and the Irish banks went on strike — for six long months.

Chaos ensued. At the beginning, all was grand. Goods and services could still be purchased by anyone, since cash was still available to the typical Irish house hold. But a couple of weeks in, and it was clear things were not going to end well. Money was getting locked in businesses vaults, not flowing back into the economy. People started trimming down their expenses — first leisure, then unneeded belongings, and at last food, water, and shelter. As expected, uncertainty for the future, and mostly hunger, began getting the best of everyone. …

Bitcoin, eh? This wonderful new technology, given to us by the mysterious character that goes by the name of Satoshi Nakamoto. A “peer-to-peer electronic cash system”, bound to revolutionise the way we exchange value between one another.

Cryptocurrencies have already shown us what they are made of, but have they delivered their full potential yet? I don’t think so, and in this article I’ll try to explore the possibility of how a cryptocurrency could be used for universal basic income. Two main questions are taken into consideration: how should such a currency be valued, and how can we guarantee individuality. Please keep in mind that the ideas that I’m about to present here are merely to be taken as food for thought. I’m not an Economics Nobel laureate, nor do I have a PhD in cryptography. …


Guilherme Campos

Building the future | gcampos.net

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store