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RE: COMMUNICATION IS EVERYTHING - RECOGNIZING THE VALUE OF STEEM
I've looked at MANA and am not sure it will work,,, as it just keeps printing coin,,,,, it seems that it will go the way of the Fiat "by Decree" money with no limits on printing...... whats your understanding?
failure is a definite possibility.
What will ultimately determine the success or failure of the project is "People".
I like that to a certain extent the success of the project is determined by the willingness of people throughout the world to accept, "free money". It's kind of a paradigm shift in our thinking. I mean it's arguable that there's a "poverty mind set"...and "expectation" about "entitlement" and that it makes sense that most are simply cast aways as not worthy.
So for these reasons listed above I find this to be a very cool social experiment.
Another factor which will influence success or failure is "education" and how people like ourselves are able to paint pictures of the possibilities and the narratives here. The only reason anything ever works...is successful is a result of consensus within the network.
How many people around the world would say no to a weekly payout? I think there's quite a few people who would accept this. It's not necessarily a smooth line in opening up the flood gate...or doing the avalanche control....but once the education steps have been taken....fresh lines are possible. Haha couldn't resist kind of tying in a surf and big mountain analogy.
thanks for your question.