NEW YORK (Rooters agency) – The executives in charge of the cryptocurrency Barnumcoin have announced that they will renounce their entitlement to untold wealth in order to benefit the entire world.

Last week’s speculative rise in the value of Barnumcoins took the total value of all the world’s Barnumcoins to around $270-280 trillion. This is more than three times the annual gross world product – the value of all the economic activity on the planet.

P.T. Bespoke, on behalf of a collective of Barnumcoin investors, has announced that the group, which owns about 60-62 percent of the world’s Barnumcoins, after reserving $5 trillion of the currency for its members, has decided to distribute all the rest of its Barnumcoins equally to the entire population of the Earth.

They calculate that this means every human being will receive Barnumcoins to an approximate value of $30,000. (People who have incomes from other sources would of course continue to receive them.) But that is only the beginning: there is no reason why the bonus to everyone cannot occur annually, provided only that people generally continue to invest in this golden goose.

With every individual guaranteed an income of at least $30,000 a year, there would no longer be any economic compulsion for anyone to work at any task they didn’t want to do. In such a situation, it should be easy to smooth out and eventually overcome hostility and conflicts between groups that in the past often felt the need to compete for economic resources.

It is clear, Mr Bespoke concluded, that we are on the threshold of a perfect world – as long as we all continue investing in Barnumcoins.