User-Generated Currencies & How They Could Change Your Life
If you studied blockchain full-time until 2025, you may earn this kind of understanding.
Eyal Hertzog from Bancor has been in Bitcoin 7 years
How user-generated content led to user-generated currency.
https://www.bancor.network/discover
https://liquideos.com/
The evolution of decentralized protocols from Napster to blockchain.
Eyal and his team released a non-blockchain user-generated currency in 2013 as an experiment.
They discovered it's pointless to create currencies without liquidity.
Liquidity is the internet of values. The ability to move liquidity from one network to another.
The Bancor protocol enables liquidity for any asset big or small with smart contracts and automated market makers.
How do user-generated economies improve national economies?
How can every network of people who share data and collaborate work on a decentralized network? There would be no intermediary to drain the network effect of the internet. Only the end user.
Why coin maximalism could be short-sited.
How Pareto's law applies to creative processes.
How this reality plays into a capitalist system and leads to the concentration of wealth.
It drys out the economy because less money circulates.
A thought experiment on how money operates in the economy like blood in a body.
A single world currency could be a very dangerous plan. Alternatives are a necessity. The ability to succeed from a currency community will be liberating.
Now anyone can publish videos. Imagine if anyone could create a currency. We're in the middle of an amazing discovery process.
Everything around us has been created by the invention of money. Corruption and monopolies take away the freedom to choose, but money itself is a powerful tool.
Efficient markets would allow people to choose their own currency. That would be the ultimate free market.
How will governments ultimately react to the influx of blockchain? What is the end game?
How trust makes the world more efficient.
How is Bancor tied to EOS. What is the future of the EOS experiment? What are the possibilities?
How the Liquid EOS Block Producer is adding to the EOS ecosystem, plus much more.
Cheers my crypto friends.
www.happymoneyman.com