Hello ! to all the good steemians and all the good folks in the world.
I am glad to be back among good company after a forced hiatus due to health issues.
Ok since I have greeted and flattered you, lets get to the issue. In my previous post I had written about why cryptocurrency is here to stay.
Today we will explore how AWARENESS, ENGAGEMENT, ACCEPTANCE and more importantly, PRACTICAL USAGE of cryptocurrencies, by the younger generation may severely fade away the concept of banks, as it stands today; in the future
One of the fundamental pillars on which the current Banking and Financial system stands is Acceptance by the people.
The concept of the banks has been ingrained in the minds and consciousness of the people, as something that simply cannot be done without and something that the world needs.
However, advent of Blockchain technology has shown that Banks may not be indispensable.
Imagine schoolchildren growing up engaged in reward based social media platforms , which potentially can educate them about cryptocurrencies while having fun and engaging with peers on social media. Similarly, platforms / projects that will enable them to grow up with an understanding about PEER to PEER transaction , while giving them an opportunity to Earn and Spend cryptocurrencies as they Learn ;will be game changing
Then will the future generations, realize / recognize and understand the concept of banks, as it stands today? The answer is .. not likely..
So, I searched to find out if such coins already exists, which has the potential to bring about such changes, and I found two coins..
CampusCoin (market cap 3.66 milllion approx, circulating supply - 33 mil approx. )
**In short, this is a coin designed to be used for day to day use by students as well as a depository of funds for further education or vocational purposes. Schools can also used this coin to receive funds from students. **
Experience points coin doesn't look fundamentally good, as a coin to invest because the circualting supply is just too high. However the concept of rewarding school kids for participation and performance in school academics and co-curricular activities has the potential to ingrain blockchain technology and cryptocurrencies in young budding minds.
To conclude: these concepts may fundamentally alter the way future generations perceive the idea of money and wealth.
Platforms like steemit can play a huge role in engaging and educating youngsters about cryptos .
However, there are certain issues and concerns that steemit has to address in order to play a pioneering role in Change Leadership. I will write about these issues in the coming days
Finally a big shout out to those who have followed me; I really appreciate that you like my thoughts and ideas.
Disclaimer: I do not hold any investment in either campus coin or experience points at the time of this blog. Also, i don't have any connections to the founders of either projects.