I was asked on discord why I think that the way out of this economic mess is crypto and the present economic system has no prayer of pulling itself out of the situation it is in.
In this video I compare how a crypto economic system differs from the one we are under and how tokenomics provides the elasticity that economies require. Without a Central Bank, we easily see how the market expands and contracts as it views value.
▶️ 3Speak
@taskmaster4450 what an intelligent opinion from you sir....more reasons to have more faith in cryptos ..
Crypto is a saviour from economy paralysis, it is painful that the government of my country is foolish to the extent of disallowing crypto in the country, thank God for digital world
That was very informative. You really have a great way of breaking it down. Crypto IS a true free market where the innovations are rewarded with more capital, begetting more innovation, while the "chaff" as it were, is cut away by losing it's allocation and access to capital, thus making sure that the incoming capital stays and continues to come into the places it will do the most good. And, we can go back to making a return on keeping our capital with companies/organizations/developers using it in a manner that creates value. I hope the transition goes as seamlessly as you make it sound. :-) It's just a natural progression really. I'm not holding my breath....
Posted Using LeoFinance Beta
I think people have the power to handle anything and regulate it
Even in the crisis
Posted Using LeoFinance Beta
Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 43500 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
@taskmaster4450 I love the way cryptoeconomics will function,it will have it's own unique system of handling economics which is different from the usual old method of economics which are no more effective in the modern world we are ...