Wait what?

> put down a returnable deposit of .157 ETH (about $400)

and

> Users receive $50-$100 a month worth of the token

Isn’t that the definition of a pyramid scheme?

Also

> Extremely high transaction fees—sometimes higher than a month’s worth of UBI—also make it hard for UBI users to take money out.

Oh so your initial deposit is refundable but you have to pay a quarter in fees if you want to take money out.

And

> We want to use the wealth and incredible power of the blockchain to to really address social problems like poverty or marginalization

But isn’t taking $400 upfront (when 2.6 billion people live on less than $2 a day) the very definition of exploitation?