Bitcoin Universal Basic Income Web-of-Trust

A decentralized platform implementing Bitcoin Universal Basic Income through a web-of-trust model.

Key Design Features

🪙 Token Distribution System

• Rate: ¤0.0001 per second continuous accrual
• Epoch Logging: Real-time console logging of epoch time and distribution rate
• Session-Based: Tokens accrue during active browser sessions
• Collection Fee: ¤0.01 fee for token collection (prevents spam)
• 3% Annual Inflation: Token rate increases over time based on withdrawal history

🔐 Authentication System

• Multi-Method Auth: Supports password, user ID, and session ID authentication
• Session Persistence: Automatic session creation and management
• Anonymous Support: Full functionality without required login
• Fallback Mechanisms: Graceful degradation across authentication methods

📝 Content Platform

• Anonymous Posting: Create posts without authentication
• Value Donations: Users can donate tokens to posts and replies
• Character-Based Pricing: ¤0.1 per character for post creation
• Post Promotion: Authors can burn tokens to promote their content

🔍 Transparency Features

• Token Burn Tracking: All burned tokens recorded on-chain
• Transaction History: Complete audit trail of all token movements
• Global Token Metrics: Real-time tracking of total issued/burned tokens
• Rate Logging: Frontend console displays epoch time and distribution rate

💡 Technical Architecture

• PostgreSQL Database: Robust data persistence with Prisma ORM
• Next.js Frontend: Server-side rendering with real-time updates
• API-First Design: RESTful endpoints for all core functionality
• Session Management: Browser localStorage with server-side validation

🎯 Economic Model

• Deflationary Mechanism: Token collection fees reduce circulating supply
• Participation Incentives: Rewards for content creation and curation
• Anti-Spam Protection: Small fees prevent system abuse
• Transparent Economics: All token flows publicly auditable

Development Status

Currently under active development. Core token distribution and collection systems are functional.

Console Logging

The frontend logs real-time metrics including:

• Current epoch timestamp
• Token distribution rate (¤0.0001/sec)
• Accrued token amounts
• Session duration

Check browser console for detailed token accrual information.