Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking By Cointelegraph

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© Reuters.

Twitter (NYSE:) co-founder and Block (previously Square) CEO Jack Dorsey discussed the implications of a (BTC)-powered universal basic income (UBI) strategy with US congressional candidate and a full-time elementary school teacher, Aarika Rhodes.

“Obscurity of information forces and incentivizes people to negative (financial) behaviors that don’t work for them, their community or family,” said Dorsey while pointing out the lack of transparency within the existing centralized financial system.