Introduction
Below is an oversimplified introduction to the concept of BURST.
Problem Statement
One of the biggest problems with the current financial system is that wealth keeps growing for those who already have it, while those born without it struggle to get ahead. This creates a cycle where the rich keep getting richer, and everyone else is left behind.
Governments can print money whenever they want, but the way wealth is first handed out is already unfair. Without real change, the gap between the rich and the poor will only keep growing.
It limits personal freedom, kills creativity, and makes life harder for those without wealth. In many ways, it's just a modern form of slavery with extra steps.
What is a fair society?
In my view, a fair and just society should guarantee two things:
- Every individual has access to the essential resources needed to not just survive, but to thrive.
- Genuine contributions that improve the well-being of others are recognized and rewarded fairly.
What is BURST?
BURST is an implementation of Universal Income ideology in crypto. BURST stands for BRN and TRST. BURST is the ecosystem that supports the integration, management, and evolution of BRN and TRST.
BURST hopes to address the issues by fostering equality of opportunity and limiting the concentration of wealth in the hands of a few. It helps create a society where we focus on removing unnecessary work rather than simply creating more jobs. It's an absurd notion that humans should be chained to the idea of constant labor if they want to live, when instead we have the potential to focus on more meaningful aspects of life.