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RE: What Problem Does Cryptocurrency Solve?

in LeoFinance3 years ago

Well I would say it solves the scarcity mindset because we tend to have an abundance mindset here in crypto. But this may not apply to BTC and the abundance is more for the network effect of each network due to the increase users and tokens issues each day.

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I don't get what you mean, can you explain? I honestly don't see much value in having a representative asset per community short of trying to gamify value out of people

A lot of this could be done with Bitcoin without all the bullshit, now it's stake this, lock up that, influence this it's just trying to take a flawed governance concept and put it on a chain

The fact that we are essentially printing money as we wish. For example an upvote on HIVE is essentially printing money. Whereas in the current system, we are running Keynesian economics with scarcity. Things are more expensive because there just isn't enough of them. For example, not enough GPUs so prices go up.

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