NEW FORM OF CONTROL-FREE MONEY
Humanity needed to learn on how to create a just monetary system. Block-chain & Bitcoin have taught the world to create just & control-free money.
The trend shows that there would be numerous Local currencies (could be cryptos too) backed by a unique service or product. Bitcoin has played a role in democratizing & popularizing the crypto concept. Gear up for firms, communities coming up with unique currency concepts!
Here are few examples of how Currency creation process has been passed on to People through the founding concept of Blockchain & Bitcoin.
- The Greek based firm ParkGene has created a crypto called Gene & is trading on the online market with relative success. You will be able to rent parking spaces, Just like Airbnb for your car. The sharing economy will get impetus! I wont be surprised if AirBnB comes up with its own crypto currency
2)Kodak has recently announced Kodakcoin
3)Reliance Jio, an Indian Hi-speed broadband internet & telecom firm has announced Jiocoin
- An african form has launched a coin backed by export prices of 1kg Banana. Its called Bananacoin
It opens up a possibility for state, individuals, firms having a steady supply of a service or product to release a crypto currency...Many will be born out of this revolution & many would fall...But the churning would get us closer to a control-free money creation...hoping for that!!!