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RE: Circle buying Poloniex and why it's making STEEM price go down temporarily.
Trading profits will not help them saving their business model, once it gets disrupted. Not too far in the future, trading will anyway take place on decentralized exchanges and even peer-to-peer. And this for all assets, not just crypto. I´m not sure wether they grasp that already.
I agree with you @shaka.
Of late, I am on the decentralized bandwagon. This is what we need to promote to the masses. Most of them buy into what the MSM tells them which is driven by the banksters. They are going to be warned about how dangerous decentralization is with no authority to oversee the bad players etc.....
As for them grasping it, I do not believe the banksters have any clue. Their arrogance gives them a bling spot. Plus, every threat in the past 100 years, they were able to legislate or buy their way out of. Why would they think this time any different?
Of course it is...which means they will be caught totally off guard.
Decentralization is simply too powerful for them.
The truth is that, after trying to understand this, I have realized that it is something that revolutionizes all forms of human communication. Right now we can create decentralized companies, States through lines of code, return to remunerate those artists who were left without digital rights after the Internet boom, reinvent unions ... and much more.
A couple of examples that could be implemented on this structure in which society would radically change the way it works ...
The first type of organization I can think of would be a company through which I can join with other people to create wealth and share the benefits transparently.
The second would be the classic State, but with decentralized voting systems and the owners of the State would be its shareholders, and could even negotiate the services that the state provides them and the commissions, which are no longer imposed.
I hope you correct me if I'm wrong about something after reading them to you @transisto @ taskmaster4450 @shaka
Greetings from Venezuela
I will go you one further with the company idea.
How about forming a company on the blockchain that has nobody running it. That is a DAO 9or DAC). It is purely code that makes decisions according the the decision tree programmed in. The company is overseen via consensus.
Steemit is somewhat in that form although not totally. But we can see that in the future.
As for the state, look up Estonia digital citizenship. It is already starting. At some point, we will see countries that arent established via geographic boundaries but by digital ones. Could steem be a country where people work, interact, shop, and play on it? We might see things forming around the digital realm as opposed to geographic.
Following for reference. Fascinating insight presented here. I was invited to try out Steemit less than 3 months ago and it has already become a positive in my life, even producing a well discipline I'm now exercising. Steemit presents a new lucrative venue for myself to produce a passive income stream to support and promote my artwork. In this way, Steemit has far exceeded my initial impressions, my expectations have elevated to prospective business plans.
I'd say leaving faith to following the former route when the way changes so much, there's too often lost of opportunities to those caught up in the terrain.
Have either of you picked up on @steembasicincome or @earthnation?
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