Cryptocurrencies are synonymous with empowerment. Blockchain lays the foundation for a more trusted business environment. Ownership of digital assets is an idea that escapes many people. This is where swaps can help take crypto to the next level.
Swapping cryptocurrencies are more like trading digital assets (e.g. NFTs) than traditional financial exchanges. One feature that stands out is how easily individuals can add to the liquidity pools that swaps employ. Swaps also serve as a launching pad for new tokens.
Money Versus Digital Assets
Compared to real assets like homes, cars and jewelry, money has an obscure value. Money isn't what's ultimately desired, but rather a means to acquire. The impermanence of digital assets on the traditional Internet has been a great obstacle. In other words, the fear of having your cloud-stored data deleted limits Internet applications. Blockchain's openness and immutability changes that.
Web 3.0
Third generation Internet isn't possible without true ownership of digital assets. A highly functional network for exchange must also exist. From personal email to digitizing face-to-face communication to ownership of software on an immutable ledger, Web 3.0 presents a solution for the flawed credit system. It's a refreshing return to an old economic system comparable to the characterization of Bitcoin as digital gold.
Swapping at Town Squares
Villages have local economies that support communities on a personal level. Kids go to school knowing their generational stories. Residents know their gas attendant and clerks. After-work bar scenes are reunions, not just meeting places. Town square markets are neighborly. You'll find trading of goods-for-goods more frequent here. Swaps exhibit these characteristics.
A New Startup Venu
Crypto allows swaps to quickly grow beyond neighborly trades. They can provide a liftoff point for a new token. Swaps also offer dynamic, risk-free interest in a project. Investment can get started within a swap pool by distributing assets to active people. Not only do swaps propel vested interests, it allows for free-flowing trade right from the start. It's clear empowerment for startup ventures with advantages not offered anywhere else.
Similar to Supply Chains
Digital assets on blockchain offer profound implications for supply chains. Not surprisingly, supply chains were among the first areas where blockchain found respect. The ability for multiply parties to access the same ledger, and employ multi-signature to change permissions and ownership, is a practice in both efficiency and security. What few understood at the time was the great power of smart contracts.
Swaps can operate on similar level as NFT markets. P2P exchanges are closer to swap markets than exchanges. Supply chains leverage this dynamic by more closely connecting warehouses across the globe. That is, warehouses owned by different companies, not just those separated by oceans.
Holding a Level Horizon
The pure speed afforded by swaps and crypto technology allows for something akin to inflight adjustments. It's a far cry from the slow, permission-based server system that still dominates the day.
Ownership trumps permissions, obviously. Automobiles can pull over to the side of the road indefinitely. Global markets need swaps that act more like pilot-to-pilot weather updates than isolated command centers on the ground. Efforts like RobiniaSwaps (the inspiration behind this post) are a key to the new economy. It's a purer system where individuals across the globe are in full control over their transactions.
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Originally posted here.