Crypto could potentially reduce cost of living
If there's something I've learnt over the past 2 years being invested and involved in crypto is that a lot of legacy structures are, in all logical walk-through are irrelevant.
That is, to the end users, the frameworks, infrastructure or whatever you wish to name it, aren't necessary to provide the demanded services. The system however deliberately builds this difficulty into being a standard that is praised as "security measures and fraud prevention" bullshit, when in reality, it is an approach to creating a world wide depency.
Cross Border Payments
Facilitating cross country payments is a pain in the ass, in some regions, it isn't even accessibile to the middle class, not the poor, the middle fuckin class. There are many rationale to why this happens, the most common has to do with a nation's attempt to impose the utilization of its local currencies and the other is to limit their access to opportunities which in turn creates an economic environment where the people are greatly dependent on the rulers.
This has been happening for a long time and will keep being the case unless people turn away from the lies they've been told. Facilitating nationwide payments isn't difficult, the government just does not want that ease, this is however the structural leaks of the legacy system made available by the exposure people are getting to crypto assets.
Sending Hive to someone in the USA from Africa takes nothing more than 3 secs, that's like a blink of an eye or two? We are able to move value more easily, which in reality is "data". Computers treat everything stored in it as "data", every other name is for human to différenciate between what is what. It however means that since it is "data", it can be easily moved easily so long as there's a storage space on the receiving end.
On edge to what should cost a fraction of the whole
Do you know what the government fears? Having to distribute the wealth they enjoy to the people, this is why "universal basic income" is bullshit as it can never be functional, but if it finds its way into the system, there would probably be a structure to exploit it, inevitably continuing on the old model while tricking the general public into believing anything has changed.
The standard of living is increasing as the day goes by and the government actually cares less. If anything, they thirst for an increase in the death rate, and have practically funded several moves to decrease the world's population. I don't need sources to say that. The more difficult they can make life be for many, the closer they get to achieving this, but the old slut houses and world-hungry semens from careless mens be printing babies like the FTX printing FTT, just wait until the government makes a law against having sex if not legally married with a stable income, and the funny part is that they influence this reality so that's like the height of slavery.
But here's where crypto comes in.
The Merits of a highly demanding system - crypto
What is one thing you know about folks in crypto? Well, if you run a crypto project, be sure to understand that you are the worker and they are the bosses, which is fun, most of the time and has had a great impact on how the ecosystem evolved.
Crypto puts power back into the hands of users, this makes it difficult for projects to be built to benefit a single board of directors.
The fact that people in crypto are demanding puts the ecosystem in shape, you don't build something highly inefficient and expect to scale, in the legacy system, it happens everyday but in crypto? You better have a well planned out roadmap with the right incentivization and extremely low costs required for involvement or you're most definitely kidding your clown ass. This is the beauty of it and will have a great impact on the world's economy.
Frankly, some things don't need to be so costly, the system influences them to be, so when building on an ecosystem that the majority of the market share wants low cost and highly efficient, you are forced to drop your plans to exploit users and focus more on building and adding value that benefits of everybody.
With this, we have a business environment that allows for things to have moderate pricing and cost, thereby reducing the cost of living. We already see this happening because most things in crypto are introduced cheap to enable fair involvement opportunity.
Thank you and please leave a comment, your thoughts matter to me
Posted Using LeoFinance Beta