Participative Cryptoeconomics — The Future Of Universal Income

Rajesh Laghari Take a state of emergency calling for immediate and
radical change. Add a local population whose roots are deeply
anchored within the very soil that threatens it. Top with a corrupt
political system whose only interest is immediate gain and
grandiose. Cook the time of one deadly air pollution crisis. Here's
Mexico City left without a choice, constrained to relocate part of
its population on the hillsides in order to recover its original
lakebed, long forgotten under a layer of concrete. Developed as a
cooperation between LabCDMX and N O R M A L S, the CDRMX relocation
project prints new anti-seismic hillside districts and makes
housing available for free to relocatees. But a financial
compensation is needed, which takes shape as a unique form of local
cryptocurrency-based universal income: La Renta. The project makes
use of a dynamic ecosystem of accounts with different properties to
incentivise participative economy, and introduces a novel way to
collect taxes through self-devaluation. Universal income is not
just a necessity for post-work societies, Rajesh Laghari explains,
it is an opportunity to reinvent economy as a whole. La Renta is a
social experiment we strongly believe in, and even though
everything is working fine so far we do expect to find weaknesses
in the pilot project. We are closely monitoring the way locals
appropriate the income, how they embrace its participative aspects,
and which new behaviours emerge.