Automation is a great way to make human life better. But middle class jobs are disappearing. And I think some form of basic income is an important element to increase overall human happiness in the 21st century.
Auroracoin is an interesting step in this direction, where every Icelander will get a fixed amount of money. Only once though. For a basic income scheme to work money will have to be transfered every week or month. That is not an insurmountable problem with crypto. As @vitalik
pointed out in the MSC skype chat:
have two kinds of tokens
class A tokens and class B tokens
class A tokens are nontransferable
1 per person, issued somehow
^ is the hard part
each class A token spawns N class B tokens per month, and perhaps also lets you vote
class B tokens are just money
Now the hard part, how to make sure that one person can not end up with 2 class A tokens? Vitalik wrote quite a bit about that here: http://bitcoinmagazine.com/7235/bootstrapping-a-decentralized-autonomous-corporation-part-3-identity-corp/
- but I don't yet see how this could work in practice. It's quite easy to copy someone's DNA, so it can't be just based on that. (http://news.sciencemag.org/biology/2014/02/how-hide-your-genome
could help with this part.)
For Auroracoin the hard part has been solved through the existing tech used in Iceland, but I think until another decade or so basic income is mostly needed in countries with a lot of poverty and high inequality in Asia and Africa.
I'm very happy to work on realizing a kind of basic income coin. Ethereum looks like a better platform to play with this than forking an existing coin.