The BlockChain & Developing Countries
I enjoy blockchain technology because it has opened so many doors and so many minds. Once I discovered what Cryptocurrencies were I've never looked at money the same. What is money? Why does 1% have so much and 98% have so little?
Money is TRUST. Money is Believing. Money for example, the US dollar bill, is currency created by the 1% based on a false system of TRUST. Why false? Well, its like those days when your mom gave you ten cookies to split evenly between your siblings. If you were that greedy elder for every one cookie you gave your younger siblings you kept two for yourself. Essentially this is how money printing works but multiplied by millions of dollars. The 1% give us what they want through wages and keep the rest through taxes, Bank Bailouts, bonds, and so many other ways but mainly printing their own money.
https://www.youtube.com/channel/UCDBxboSDwtxic7AWifhRl6A?view_as=subscriber
How do we change this?
This is where the BlockChain comes in especially in foreign countries. First we must understand how the blockchain works and its different components and use purposes. Next we must introduce digital currencies to more foreign regions. The beauty of the blockchain is that not all currencies have to be publicly listed currencies on platforms like Coin Market Cap. I say this to emphasize that any region can have its own currency as long as that region TRUSTS and BELIEVES that their currencies work. We need more private Currencies. Just like you can invest in private stocks I would like to see more companies created Private Currencies and Groups. Private CryptoCurrencies allow for creating real communities as each community member and coin holder must be active and interactive with the next. Privatized Community Based Coins allow for massive expansion of wealth as each token platform can be created with different algorithmic coding purposes. For example I'm in a community where based on the number of members in that community the value of the coin automatically goes up 1-5% daily. In short lets work on creating more abundance based Currencies. Developing countries like Liberia, Puerto Rico, Cuba and so forth need more abundance based Crypto currencies. We can make this happen.