The future of social transformation is connected with the present of cryptocurrencies. This concept of digital money is new for most of us. Bitcoin or Ethereum are the most known of these different cryptocurrencies. There are however more of them and they all still have to prove their usability and stability so that the entire planet trust the benefits of their nature. For cryptocurrencies to bring a bright future to society we all need understanding and involvement to shape its role into what is really needed. Read What’s holding back blockchain in financial services
As an economist always looking for alternative ways to appreciate a fairer role of money in social interaction, cryptocurrencies appear as a possibility to break free from the status quo which keeps proving to fail. Current currencies’ value is tied to banks decisionmaking process, which at the end falls back on privates whose decisions are linked to their own personal benefits. Thus banks have failed to prove a real care for society, nature and life: money has become to their eyes the real measure of progress, good and succes.
Not their fault alone! Governments in the west have prioritized the stability of banks before that of individuals and their basic needs. It is a real possibility to act together and feed and house every living human, but the so glorified “free-hand” makes us lazy as we are taught to rely on it, rather than to hear the beggar on the street or the displaced refugee asking for help. The “free-hand” is only free for those who have money and enslaves those who can’t reach a safe threshold of monetary freedom.
The future of fair and open transactions
Cryptocurrencies appear now as an exciting opportunity to regain control of our transactions, which is as basic as owning the worth of our time and energy. This digital currencies are open for everyone to create them, and to trace and validate transactions. This digital currency skip the role of the intermediary (aka. Banks and governments). This means, what one creates with its own work and what others create with their work can be fairly exchanged thanks to a trusted and decentralized contract between both sides. The reason they can be trusted is because they are mounted on blockchain which has a decentralized nature making it difficult to fraud or censor contracts
Many new questions arise with this new tool, like…what is the future of policy around its use? Would governments empower this coherent trust between individual transactions? If we are speaking of a universal income, could cryptocurrencies be the tool? Is everyone having a real opportunity to access the benefits of this currency?
This video helps us to understand better what cryptocurrencies are and how they work:
https://www.youtube.com/watch?v=Ted5n5Ws3cQ
At Cryptoticker we will be committed to research the roots and the latest advances of this modern decentralized currencies. We want to bring awareness to everyone around the world.
How could everyone be part of it, what are the challenges this new game faces, why is it a true possibility to deliver a new social behavioural pattern and how can we become active actors to shape this blockchain transactions into a positive social modernity.
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