In the U.S., and probably the entire west, we live in a corporatocracy. Most of our incomes got to Fortune 1000 companies. There are few industries where small business has a chance. This was shown over the last few decades.
In this video I discuss how cryptocurrency is going to change that.
▶️ 3Speak
@taskmaster4450 i also believe in the crypto-economics and i also think it will solve alot of problems that many businesses do face...
Posted via Steemleo
Good point. This decentralized cash and Dapps does help smaller busineses differentiate themselves.
I think there are a huge pump coming soon
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i agree so much with you that the crypto-economics would really help so many businesses all around the world....@taskmaster4450
Posted via Steemleo
Summary:
In this video, Task discusses the reemergence of small businesses in the context of cryptocurrency and blockchain technology. He highlights the dominance of large corporations in today's economy and the challenges small businesses face in competing with them. Task emphasizes the potential for small businesses to thrive by leveraging cryptocurrency as a way to differentiate themselves from major players like Amazon and Walmart. He envisions a future where cryptocurrencies are widely accepted, enabling small businesses to flourish and individuals to earn and transact in crypto seamlessly.
Detailed Article:
Task starts the video by addressing the dominance of large corporations in the United States and other populated areas, noting the scarcity of opportunities for small businesses to thrive. He highlights the challenge of competing with big box stores and Fortune 1000 companies, citing the increasing difficulty for small businesses to survive in a corporatocracy.
Task emphasizes the role of cryptocurrency and blockchain in leveling the playing field for small businesses. He argues that by accepting cryptocurrencies as payment, small businesses can gain a competitive advantage over major corporations. Task illustrates this point with an example of using AFIT tokens to purchase sneakers instead of traditional fiat currency, showcasing the appeal of cryptocurrency in transactions.
The discussion moves towards the vision of a future where hundreds of thousands of small shops accept various cryptocurrencies, offering a wide range of products and services. Task envisions a shift towards a more entrepreneurial economy where individuals can earn and transact in crypto, reducing the reliance on fiat currency.
Task mentions specific blockchain networks like Steam, EOS, Ethereum, and Bitcoin, highlighting their role in fostering entrepreneurial opportunities. He discusses the importance of decentralized exchanges (DEX) for enabling direct crypto-to-crypto transactions without the need for fiat onboarding. Task sees this shift as a way to reduce dependency on centralized exchanges, thus decreasing vulnerability to regulatory bodies.
The video concludes with Task expressing optimism about the potential for small businesses to thrive in the cryptocurrency economy. He emphasizes the entrepreneurial opportunities that blockchain technology offers, providing individuals with the chance to create, sell, and succeed in a decentralized marketplace.
In summary, Taskmaster's video delves into the resurgence of small businesses through the adoption of cryptocurrency and blockchain technology, showcasing a future where entrepreneurial ventures can flourish by leveraging the benefits of crypto transactions and decentralized ecosystems.