KKEX: How could you guarantee that the UBI token will have true value?
AP: The UBI tokens are market driven so the only guarantee I can make is to build applications around it that will make it useful. These applications will be built on Enumivo. So I think there will be a correlation in the value of ENU and UBI. Our focus will be to build products that will be useful to the community. If we can give UBI to 2 billion people, that will create a healthy economy. And if we keep on building to make those UBI tokens useful, we can become the biggest unified economy in the world. The promise of Enumivo's blockchain scalability will make that happen.
KKEX: Could you explain more about UBI? How will you realize the value of UBI? In my eyes, I think the key point of this project is UBI. Till up now, no UBI succeeded in human history, all the communist experiments have failed. Finland is regarded as the developed country in the UBI world, but it is very limited, only a small area. And the UBI experiment in Finland has still declared a failure, indicating that it will not continue this year.
AP: I agree that the whole project is centered around the UBI. The UBI will give everyone weekly tokens for free and it will be fair and community driven. All the UBI experiments until now are small scale and centralized. Enumivo will be on a wider scale and it's decentralized so no one can manipulate it and no one can stop it. That's the difference with Enumivo UBI since it is running on a blockchain. That is our advantage. And those governments and maybe other corporations and philanthropists that will realize what Enumivo UBI is, and when they learn that we are doing it fairly in a provable way, they can also help by making donations to the UBI DAO that will even add more value to UBI tokens. So they don't have to do UBI on their own. They can help us for the same goal and it will in fact become cheaper for them to do on a wider scale.
KKEX: But if you want to reach a consensus of the blockchain, it has to be widely or globally. So how will you do it?
AP: The blockchain consensus will be achieved by the 21 active block producers that are elected by all ENU holders. Bitshares has been doing that. And Lisk also.
But if you are asking about going global with the Enumivo UBI, well, we are putting up 10M ENU to make sure UBI tokens have value. And it is given for free. So that will help attract many people. Also the community will be helping also spread Enumivo. And as more and more people will join in the UBI program, it will become more popular. And many will be accepting UBI tokens for goods and services. Imagine if bitcoin was distributed to 2 billion or more people. That would increase its utility and popularity even more. Think of UBI as the widest and longest airdrop of the cryptocurrency space, that's how I envision it. Enumivo was airdropped to about 100,000 people. The average is about 4,000 ENU each. So I think UBI can beat that also in terms of scope.
KKEX: You have expressed your expectations in the whitepaper that you want to achieve UBI by ENU, then if you price UBI by ENU, how will the price be reasonable and how will you ensure fairness?
AP: The value of UBI is purely market driven. So the value of it will really depend on how we develop it. And as more and more people will join, people can have more use of UBI tokens. So UBI price does not depend on ENU price. There may be a correlation but the value of UBI will depend more on how useful it becomes as a currency. Regarding fairness, only unique individuals can get UBI tokens so no single person can have much unless he buys from those people with UBI. So it will actually be very fair.
KKEX: In the near future, will ENU the community give incentives to DAPP developers in order to encourage them?
AP: Yes, if you are a dapp developer and you have a project that will help Enumivo or UBI or something that promotes social justice, we will fund you. We only ask in return is that you give your tokens to all ENU holders for free. However, this does not stop anyone from holding an ICO for their projects if they choose to do so
KKEX: ENU has cloned the original code from EOS, does EOS team provide any help? Can ENU surpass EOS? What if EOS fails to achieve their goal as they promised when the main net goes online, what will you do?
AP: Okay I will answer one by one...The EOS team does not provide direct help to Enumivo but by merely letting their code be published an open, that is already a big help. And I'm grateful to the EOS team for letting us use their work.
Now, can ENU surpass EOS? Anything is possible. It is up to us to chart our own destiny.
What if EOS fails to achieve their goal when the main net goes online? That is very unlikely. But in the very rare event that it will happen, I'll gladly move Enumivo to a NEO clone.
KKEX: How can people claim UBI when it goes running? With passport or national ID card? If not, how could you guarantee that a unique individual only claims once?
AP: The UBI Application and Approval System will be designed in such a way that it is game theory optimal. Just like in bitcoin mining, honesty is paid and cheating is punished. In UBI, every member already in the system will become a singular oracle by answering the question "Is this applicant a real person and not yet in the system?", The oracle will answer the truth and it will determine if the applicant is approved or not. Behind the scene, the oracle is the group of people voting and risking their UBI and they will earn if they tell the truth and they will lose if they lie.
AUDIENCE QUESTION: What if they make a mistake, but without bad intentions?
AP: If they are not sure to answer a particular application, they should not participate in the voting of that application. For every vote, they will put up some UBI at risk. It will earn if they answer the truth, they will lose if they lie and try to manipulate. It is expected the the truth will likely come out.
KKEX: Does ENU have a strict hardware requirements [to be a block producer]? Is it very expensive?
AP: To be a block producer in Enumivo, you will need cheaper hardware than in EOS. Also, if you become a standby block producer, you will have enough rewards to pay for your hardware monthly.
KKEX: Will there be KYC [know-your-customer] process to claim UBI tokens when it goes live to prevent abuse?
AP: The UBI application process is some sort of "decentralized KYC". Unlike typical KYC where a single central authority decides if you are a real person or not, the UBI KYC is powered by a smart contract and will act as an oracle. It will answer the question if you are a real person or not.
KKEX: Do you have a special team for the Community operation? Are there institutional investments behind you?
AP: For now we have community moderators. However in the next few weeks, I want to make the community website truly community driven. I will be rewarding LTS and ENU to top community participants based on the "Enumivo Ranking Algorithm" that I will create soon.
There are no institutional investments behind Enumivo.
KKEX: Thank you so much for your participation and cooperation, I am so proud of you. And thank you Aiden, thanks for your time. You have our support.
AP: You are welcome :) Thanks a lot :)
Email me at andy@freethinking.me. View previous articles at www.freethinking.me.