RE: Actifit And The Upvote Economy
I still think though that while this is a great start, we're still ages away from a complete societal shift where money is based on cryptocurrencies, not fiat. There is, of course, still the possibility for the government to get involved and attempt to regulate everything, which could crush innovation before it's even begun.
Secondly, how are we going to determine the cryptocurrency value of such complex concepts as the manufacturing process, for instance? At first, if it goes the way we around here all want it to, it's definitely going to happen in stages until we finish calculating how much our time is worth in tokens that have been created ex nihilo. Yes, so is fiat currency, but it has the government to back it up (I kept my steem in crypto form mostly so as not to have to report it on my taxes, but then again, the government doesn't need to know everything I do.) It'll be a while.
I agree it will not be an overnight process. Even without interference from the entities you mentioned, human tendency is to not embrace change. We tend to be slow to adapt.
As for the value of manufacturing, that is an interesting discussion. We are going to have to see how things unfold. I expect a great deal of deflationary pressure over the next decade as technology advances. What will that mean on prices?
Automation is a major factor here which I feel aligns itself for blockchain.
Definitely agree, let them think about it. In terms of automation, who would get paid? The machines? After all they would be the ones doing the work.
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