• Latest
  • Trending
Cryptocurrencies & Decentralization: The Next Frontier | by Innovation Stew | The Capital | Oct, 2021

Cryptocurrencies & Decentralization: The Next Frontier | by Innovation Stew | The Capital | Oct, 2021

October 5, 2021
7 best crypto assets to hold in 2023

7 best crypto assets to hold in 2023

March 16, 2023
Financial Giant Fidelity Considering Enabling Crypto Transfers

Financial Giant Fidelity Considering Enabling Crypto Transfers

March 16, 2023
Trading for GMX (GMX) starts March 21 – deposit now!

Trading for GMX (GMX) starts March 21 – deposit now!

March 16, 2023
Is FLOKI’s Rally Halted or on a Break? | And More

Is FLOKI’s Rally Halted or on a Break? | And More

March 16, 2023
AllianceBlock, ABO Digital to Offer Tokenized Structured Products

AllianceBlock, ABO Digital to Offer Tokenized Structured Products

March 16, 2023
Aki Network announces major upgrades for a data-driven influencers-centered Web3 network

Aki Network announces major upgrades for a data-driven influencers-centered Web3 network

March 16, 2023
Here’s How XRP Might Benefit From South Korea’s Incoming Regulatory Guidelines

Here’s How XRP Might Benefit From South Korea’s Incoming Regulatory Guidelines

March 16, 2023
ETHUSD soared to a new high for the year, and the move was unrelated to the US dollar.

ETHUSD soared to a new high for the year, and the move was unrelated to the US dollar.

March 16, 2023
Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation

Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation

March 16, 2023
  • Privacy Policy
Thursday, March 16, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Cryptocurrencies & Decentralization: The Next Frontier | by Innovation Stew | The Capital | Oct, 2021

J_News by J_News
October 5, 2021
in Crypto Technical Analysis, Top News
0
Cryptocurrencies & Decentralization: The Next Frontier | by Innovation Stew | The Capital | Oct, 2021
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


The Innovation:

Envision this: Everyone from the people that build & maintain the roads in your local area to the people that provide your internet service, all decentralized contractors, all being paid in digital currency.

Your favorite online entertainment platform — It’s probably using decentralized smart contract technology, and it’s probably developed by a diverse team of software geeks spread across the world who applied for the job via a decentralized job platform (such as keep3r.network), all working remotely and all paid in — you guessed it: digital currency.

Image by VIN JD from Pixabay

If your mind is already blown, prepare yourself for what I’m about to say next because we’ve only covered but the tip of the iceberg.

Every major corporation is likely to issue its own cryptocurrency. Similarly, every country and every state will have one, maybe even every city. These cryptocurrencies will serve many purposes, not only as a way to speculatively trade and invest in the region but as a way to pay local taxes to the treasury, which will then be used to pay for infrastructure, create jobs and so on and so forth.

Everyone will be incentivized to do their job properly, efficiently, and to the best of their ability, especially those in power. Having to stake collateral to incentivize against abuse will be the norm in many job positions.
Your local government will be incentivized to build a safe city with good education, fun activities, and a strong local economy. Why? — the value of the land in the region, the businesses, the happiness of the people, and ultimately the value of the local currency will all go up.

Visualization of a Decentralized Global Economy

If the relative price of a city’s currency is going up, guess what — that will attract even more buying pressure to the currency and make the cost of living in the area that much cheaper! The taxes due to be paid by the city to the state (in exchange for services), which are paid in the state’s currency, will therefore have become cheaper for the city.

The more cities contained in a State whose currency’s are increasing in value, the more that State’s currency will attract capital investment (from inside & outside the state). In turn, the decisions the State makes will also affect its Currency’s value. The logic then repeats itself onto a federal level.



Source link

Related articles

7 best crypto assets to hold in 2023

7 best crypto assets to hold in 2023

March 16, 2023
Financial Giant Fidelity Considering Enabling Crypto Transfers

Financial Giant Fidelity Considering Enabling Crypto Transfers

March 16, 2023
ShareTweetShareShare
Previous Post

SEC Sends an “Investigative Subpoena” to USDC Issuer Circle

Next Post

IMF Head Says Bitcoin Is Not Money

Related Posts

7 best crypto assets to hold in 2023

7 best crypto assets to hold in 2023

by J_News
March 16, 2023
0

While cryptocurrencies can be used as a way to exchange goods, the vast majority of their holders see them as...

Financial Giant Fidelity Considering Enabling Crypto Transfers

Financial Giant Fidelity Considering Enabling Crypto Transfers

by J_News
March 16, 2023
0

Alex Dovbnya Fidelity Investments, one of the largest financial services companies in the world, is considering enabling cryptocurrency transfers in...

Trading for GMX (GMX) starts March 21 – deposit now!

Trading for GMX (GMX) starts March 21 – deposit now!

by J_News
March 16, 2023
0

We’re thrilled to announce that GMX (GMX) is now available on Kraken! Funding and trading Funding is live, and trading...

Is FLOKI’s Rally Halted or on a Break? | And More

Is FLOKI’s Rally Halted or on a Break? | And More

by J_News
March 16, 2023
0

Is FLOKI’s Rally Halted or on a Break?STX Retraces Back to SupportTON About To Increase?Trading IMX in a Ranging MarketFLOKI...

AllianceBlock, ABO Digital to Offer Tokenized Structured Products

AllianceBlock, ABO Digital to Offer Tokenized Structured Products

by J_News
March 16, 2023
0

ABO Digital – the digital-asset investment arm of ABO Group, which provides private financing for publicly traded companies – will...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

Join CoinStats Affiliate Program & Earn 40% of All Premium Sales

New York Attorney General sues CoinEx over failure to register

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT