Decentralized Web - Q&A

Will crypto currencies act like catalyst for universal basic income or distribution of wealth, by having a global control than the individual governments control? What are the other security controls necessary to bring a consensus among governments?

I agree with most of the answers that ordinary crypto-currencies are not suitable for implementing universsal basic income UBI .

However central bank digital currencies / CBDCs have the distribution capabilities needed for UBI.

Whether UBI is going to be implemented or not depend on the specific country.