TODAY'S DISCUSSION
Hi everyone, i came across a news saying 4% of Americans quit job due to massive profit in cryptocurrency.
its a good news for the crytpto space but for the entire economy won't there be negative effect?
if the percentage of those who quit job increases and people aren't ready to work i think things will be more expensive.
i saw a tweet from someone who said he made his 1 year Philippines 🇵🇭 salary playing crabada game, do you think he will continue that job?
in your own opinion what will be the effect if cryptocurrency generally adopted worldwide that is if everyone knows and start investing in cryto?
Happy engagements
topic from @insight.pob
PROJECT DESCRIPTION
VYB_POBSTRTEET is a daily project which is intended to help the community in engagement and in popularity and seek for any potential problems in the community and its possible solution.
MOTIVE
to attract and bring new members to the vyb and pob community.
support new members and guide them on any issues they are facing
to build the pob community
i want pobstreet to be the mind of the community members, i want a system that will reward every good content that is helpful to the community.
to attract and bring new members to the vyb and pob community.
support new members and guide them on any issues they are facing
to build the pob community
i want pobstreet to be the mind of the community members, i want a system that will reward every good content that is helpful to the community.
This part really got my attention and honestly I was on the set of taking such step too a while ago.
I will be very honest by saying we are now in a crytpto world and it is very clear that lot of life as change via the use of Cryptocurrency in our today's world.
I won't be surprised if we have people getting out of their job to be self employed by venturing into crytpto completely.
Trust you will agree with me that only the greedy ones loses in the world of crytpto ,so with that it is the safest Means of getting income to me right now
The existence of cryptocurrency has really changed a lot in most part of the world and there's no regrets been involved in it because it has created so many opportunities for so many people
If everyone becomes lazy and start earning online through cryptocurrency,be it play to earn game , content creation and getting curated like hive then work rate would stop and might makes crypto value reduce compared to physical works especially farming
You have a point but not everyone will be into crypto because we are all entitled to our own opinion the only positive part I like about it is that it has create opportunites for some people and also those with creative works can also take part but doesn't mean they should quit their job because you can't invest in crypto with empty hand if throughly you want to be part of it. So in that aspect it can be a backup in financial stability.
The main reason for this confusion is that everyone works for money and few work for necessity.
I won't quit my job because it's necessary and people need me for that and at the same time trade crytpo for wealth.
this is very true but if we consider it in anotherbway wont it have side effect, if everyone quit job what next.
this topic is for us to prepare ourselves for the future if everyone invest in crytpto most people quit job what will be our next move, if we think ahead we will always be ahead
Thi is one part of your statement that really got me thinking and I had to conclude that it is not just about crytpto been a source of income,but we too having a good ideology as to how to manage it.
We have people who invest huge amount of money in it and definitely today they are reaping the rewards,if not all,but at least they are fine.
So it is vital that we think ahead too and know how to manage resources too
the best is that people shouldn't think of quiting their job,because cryptocurrency world is just a place for them to invest there money on and get their gain to help the growth of there business,and also to help their financial life
Cryptocurrency will rule and help many but crypto can cause reduction of creativity and invention because people are earning in Crypto which will probably have a side effect.
Most people quit jobs because of crypto at the same time crypto create jobs for people as well, under crypto you serve nobody but a boss on your own and with that you can't blame people who quit their jobs to be full timers in crypto because they've reason the income they will gain while involving in crypto than when serving someone just to earn for their service definitely the difference is clear because with the way crypto is trending more people are still trooping in daily and I believe it's really have an impact to play in people's lives especially those that see it as an opportunity to eradicate poverty.
But the solution I see is that if crypto can include physicality to it like instead of online playtoearn or create content to earn,they use it as everyday job like (if you repair this computer,you earn,a doctor would earn crypto,a teacher would earn)
This would be possible if crypto becomes a legal(if it's legalized) but if not,it will remain online and virtual
This is why everything about earnigs are limited to online alone but there can be a strategy to make this happen. Influencial people in terms of usecase and most especially inventors are the ones to make crypto too useful to become illegal.
(Elonmusk accepting btc and doge for his invention)
Some news broke out today
Google wanna make use of cryptocurrency
Microsoft spending over 60 billion dollars on metaverse
Bitcoin would pump again
Crypto is like a virtual real world. But it's might affect Creativity reduction in other part of aspect of this world.
Imagine someone quitting job in hospital as a doctor because he/she is earning 2x in crypto and every doctors do same thing then who would treat the sick?(this is just an example)
There are many necessary field too.
cryptocurrency world is a place that everyone will like to come to when they see how interesting it is,and has for the effect,it is possible that their can be effect in one way or the other,that is because of the way people run to it and the gain and value and how interesting it is to people
according to what @insight said that what if everyone quite their job,some people can quit their job but not everybody,the reason why i said this is because in some ways cryptocurrency is a game of risk, so it is those than take the risk that can do it without their having a side job
Increasing laziness and fraud because of it being Decentralized.
Some linking thier wallet trust wallet to some site just for those site to take all thier asset away without any trace of the people involved
First, we need to understand that not everyone will adopt cryptocurrency. The volatility of cryptocurrency scares some people such that they will prefer to stick to their jobs. However, the number of people that will turn their back on cryptocurrency will be smaller than those that will understand.
Now, when cryptocurrency is generally adopted, to an extent there will be a decrease in unskilled labor. This has both negative and positive impacts. To an extent, people may turn their back on acquiring high educational certification since it is all aimed at making money which is available with cryptocurrency. All they need is to have a basic education.
Again, the financial system will be improved and money flow will be easy, but the question remains, WILL THE GOVERNMENT ALLOW SUCH? , IS REGULATION SUFFICIENT TO SUSTAIN THE NEGATIVE IMPACT OF CRYPTOCURRENCY?.
Finally, who will want to leave a decentralized system like cryptocurrency for offline jobs where he will be subjected to hard labor?
First of all, everyone cannot invest in crypto, not everyone knows the technical know-how. For instance, you see a lot of abandoned accounts created by users on the hive even after seeing how profitable the blockchain is. They still leave because they can not handle how it is done here.
The effect I see, I think the people in crypto will be able to afford what they need and hereby putting more money into the economy. It will take a whole lot of time before you can see many people abandoning their job for crypto.
Because to be at that point take a lot of process and effort, most people get tired of the process and stop.
So crypto becoming a legal can solve all of this because crypto would be used for physical reward instead of online reward only and people won't quit thier job anymore
That is a possibility in a long term.
Splinterlands is played for free.
Game is a fun that even a ten year old boy can play for hours.
Now there is playtoearn. Content creation in hive is a little bit hard for many people because it requires Creativity but playing game is a fun that even without reward some will play game for 8 hrs and even spend thier money on game😂😂