I do not fundamentally understand this. They seem to just jump straight to the outcome: "Everyone get's a dollar a day" without worry about the details.
It seems like the plan of this coin is to print 8 billion a day indefinitely. What's the incentive for anybody to hold it or for vendors to accept it given that it's stated goal is to print itself into oblivion?
Maybe this is like Sam Altman's thing where the real game is to create some kind of global surveilance database for every human buy handing them a dollar? Is this actually that same project?
It's going to be revolutionary when we can sell targeted ads to some tribal person in Kenya or Laos to convince them to spend the $ someone just handed them on some online casino mobile game.