The Business Model

in #cryptocurrencies7 years ago (edited)

This post is not about hate but rather clarity.
Many people who are already into the cryptocurrency are not getting one important and crucial point in the cryptocurrency ecosystem, the business model.
Many developers and ICO enthusiasts proudly emphasize the decentralized nature of cryptocurrency, which personally as a cryptocurrency founder, find the 'magic' of the blockchain amazing to be part of, it's true nature is something which changed my entire life, one of the reasons why became interested.

Nonetheless and somehow unfortunately for the lack of wisdom or being unable to understand, many developers gets down to the code mode but are unable to distinguish the difference of decentralized and centralized business models.

The list of this sort of incidents has happening on several occasions.
Successful ICOs being proud to be on Fortune 500 list (Fortune 500 is owned by Time Inc a centralized publishing corporation) or JP Morgan trying to get into business agreements with Ethereum.
Am sorry but it is not possible. We call it conflict of interests and many developers who are selling out to centralized institutions are clearly interested in the quick fix, massive pay out, missing the real transformation that the blockchain is able to offer right at the root, right at the beginning of it all.

Crédite Agricole, also called the “Green Bank” because of its historical ties to farming, is a French network of 'cooperative' and mutual interest banks comprising the 39 Crédit Agricole Regional Banks in France.
In the country famous for it's Liberté, Fraternité, Equalité motto, Crédite Agricole is the French Financial Institution who provide the financial resources – the banking system infrastructure to agriculture, to farmers in the most direct use of the word, had a 51.2 Billion revenue and a profit of 12 billion ordered by annual sales for the latest Fiscal Year that ended March 31, 2017.
This is an example of a public centralized business model which take the need of the market , in this case agriculture, monopolize the market needs and exploit it to the point of 12 billion annual profit which eventually reflect in our day to day groceries, restaurant expenses and anything associated to the consciousness of taste.

But that is just an example. You mighty argue, that's capitalism, like Steemit itself advertise: 'Money Talks', it does indeed in our capitalist society, as long it carries it's cryptocurrency, open, transparent decentralized approach and do not fail to trail the road of centralized corporative models, we are fine with it.

Back in September this year JP Morgan Chief Executive in his egocentric management approach said that he would fire any JPMorgan staff that trades cryptocurrencies.
I mean this is the mind set of centralized business models and it's leadership. How could a business with this mind set are able to negotiate with Ethereum? Again, it is not possible. One or another will betrayal it's business models principles.

Descentralization is the opportunity to practice a more fair, direct and transparent capitalism.
When we debate those issues, the opposition call us socialists but decentralized business models are indeed capitalism at it most effective format, not the so called jungle capitalism practice over decades by centralized corporative business models.

Guarani – GUA, our cryptocurrecy is indeed a decentralized digital currency. It's ICO works right where the centralized model fails to act.

Visit us and particpate : https://www.guarani-crypto.net

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