Topic: Can Crypto redefine current economic models? - page 3. (Read 908 times)

My answer is no! Economic models cannot be seen only at upgrading technology like using blockchain tech and cryptocurrencies as a new means of payment. It never affects the whole economy because of some of the people may not use cryptocurrencies and it never change the fiat system. Economic models such as communism and capitalism define our economy right now. And it can be applied though cryptocurrency exists already.

of course, crypto currencies are now widespread and have become part of the economy in several countries.
Crypto currency has become a currency that is recognized in several countries around the world, and has become a model of future currency exchange.

We are at the very beginning of this year and didn't made any significant changes in the economic model whereas the crypto is looking good at the recovery since the beginning of this year but it didn't have any growth yet which can change the current economic model.

This year, many changes have already begun to enter our lives. Our world is slowly forming. You see how there have been developments in the field of artificial intelligence.  Of course Blockchainde very new and exciting technology. I think Blockchain will definitely be the new economy model.

This year, many changes have already begun to enter our lives. Our world is slowly forming. You see how there have been developments in the field of artificial intelligence.  Of course Blockchainde very new and exciting technology. I think Blockchain will definitely be the new economy model.

Now I'm more curious why you are asking these questions

And why you are asking them over and over again as you have already asked me a couple days ago and I have already given you a comprehensive answer. Are you a group of individuals pursuing a certain end? If so, what is your agenda here, really? And what does Binance have to do with all this as they are unlikely to implement anything to that tune ever (and that in fact may be a good thing)

Let's say that they used this protocol. Let's say that traders chose where the funds should be destined, and lets say that the funds are automatically redirected where traders choose in a transparent, compliant way. Let's say that the impact is real.

Would that make traders leave other platforms to go to Binance? Would that make Binance traders leave? Yes, no, why?

It most certainly wouldn't

Moreover, it could even raise a lot of eyebrows and lead to people actually leaving Binance in favor of other exchanges. Why would they want to donate 1/3 of their profits to some clause? It just doesn't sound right, whatever that clause might be. So unless they can actually prove it (that they donate anything at all) and it relates deeply to what traders might feel (which I doubt), there is no way for a massive exodus of clients from other exchanges. No place like home and charity begins there

Everyday, with the advancements in AI, Robotics, Blockchain, etc. an automated future is being created.
If we think about it, and as an example, doctors (machines) will be able to process all of the medical cases in the world and diagnose based on that; being much better than a Human doctor whose experience is limited.
With this happening across every industry, it's not that some jobs will be lost, all of the jobs will be lost.

This takes us to a new paradigm:
If only tech companies make money (They have the technology), and they have no/very few employees, capital concentration would be massive.

Do you think it would be possible, that with Blockchain and Crypto, we could solve that problem by redirecting part of the profits of private entities/companies to the people, NGOs, Social and Impact Entreprises, rather than these companies paying tax to the government and then the government redistributing?

Do you think that a company, capable of earning US$ Millions with few or almost no employees, should/could give back part of what they earn to create social good and social help?

In the past and present, some governments took/take this money from the companies/people to redistribute it and gain political strength, known as socialism.

But if actually, companies in the future did it by themselves, becoming Social Benefit Companies, with them deciding who or what they want to help with (Or even giving the power of choice to their clients), where using their products would also mean helping other people, would that actually create a whole different mindset and ethic code from a corporate point of view?

What would happen if every automated business across the world donated/redirected part of their profits to help the rest of the population and to help create positive change in societies and the environment?

What would you say?

Like stated above. Binance's profits are of 200M every quarter. If they started donating 1/3 of that (66M), do you think it would create a massive exodus of clients from other exchanges to Binance? Yes, no? Why?

How does that happen? How does the system detect when someone sells their vote, or when a private key is compromised and used before the rightful holder gets their vote in? What happens when a bunch of people who weren't going to vote anyway have their keys compromised?

I don't see how that's going to work with millions of votes coming in on election day. There's just so many things that could go wrong here

What are you actually saying when you said this one? That companies are capable of producing infinite amount of money? This kind of model won't work producing their own money won't simply work, printing just more money would simply just devalue your currency it won't solve anything.

They won't even be a company in the first place if their only business is producing money. Private entities shouldn't even have the control to produce some country's money not unless it has a proper monetary value in exchange like cryptocurrencies. I don't think you are getting how economics work as its not just as simple as producing more money out of thin air.

Do you think it would be possible, that with Blockchain and Crypto, we could solve that problem by redirecting part of the profits of private entities/companies to the people, NGOs, Social and Impact Entreprises, rather than these companies paying tax to the government and then the government redistributing?

Do you think that a company, capable of earning US$ Millions with few or almost no employees, should/could give back part of what they earn to create social good and social help?