I have been writing a series of posts about cryptocurrency and decentralization, and although I have been doing research on the topic, a lot of the
ideas I have come up with on my own - although they might also be out there as someone else's at the moment. I figure that society could naturally
progress towards the state I am about to describe because it would be in everyone's best interest.
So last time, I talked a bit about how cryptocurrencies redistribute wealth in a reasonable way. So, you might ask, why is there suddenly so much
money going around? How come my investment in a coin gives such high returns? Well, for one thing, there is the potential for there to be no ruling
class taking most of the money for themselves. Or at least, a smaller, potentially less-influential, ruling class.
How might that work? Let's look at an apartment complex. Let's say that a crowdfunding campaign goes online to fund an apartment building. They can
start with an initial coin offering, letting everyone who wants to invest in this apartment buy coins worth its down payment, or maybe the whole
thing. Anyone can invest in this apartment building, even future residents, it would be possible for an apartment complex to be funded entirely by the
residents or by the members of the community who both want to improve their community or invest in an opportunity to make extra money.
What happens once the apartment goes online? Residents who move in and pay rent could be given the option to buy coins first each month, or even given
some coins for living in the complex. They could then be allowed to use their money to improve the living situation at their apartment complex, such
as setting up a crowdfunding campaign to build a pool, or spend money on other ways that improve the value of the apartment building.
Since the investors would also be the occupants or members of the community, two things would happen - number one, the apartment complex would become
more valuable than if it was being run by corporate investors because the people involved would have experience living there and running the place,
and would know what needs to be done in order to maintain it, increase their standards of living, and ultimately raise the value of the coins that
they all possess.
Right now, companies work for shareholders. Think of how many situations could be improved if the companies worked for the workers or the residents of
the apartment complex or even residents of the community who have a vested interest in the facility? The janitor could even get part of his salary in
the coins offered by the apartment complex, which would motivate him to work harder to keep the value of his coins higher.
Of course, what I am suggesting it is not too much to make a coin for all sorts of cultural entities - individual churches, whole religions, a school
district, a school, an apartment complex, a grocery store -
All of these, opportunities for the layman to invest in the community, make money and have a direct impact on policy that affects them and their
wallets. I think this sort of thing might end up happening naturally, but one never knows.
There could be some problems, for example, if the janitor was not paid very much of the coin. That could be solved if a percentage of his wage of his
choice was paid with the coin. Where would this extra coin come from? It could be generated on top of the coin's starting cap, causing a bit of
inflation in the number of coins, but be such a small amount that it didn't matter.
There could be more people holding on to their coins than people selling them, although this has a hidden upside. There could be rules that allow
workers to get up to their salary in coins first in line, renters to purchase a limited amount of apartment stock each month being second in line, and
then members of the community being third in line to buy coins.
If the percentage gains were enough, some people might be willing to keep their coins, but as they rise in value, sell a bit off every month to help
with living expenses or even to invest in something new in the community.
In a situation like this, I'm expecting a series of exceptionally detailed online exchanges, maybe even at least one exchange per city to deal with
all of the local coins.
Assuming that all of the connections are in place and that the coins could be exchanged for $US dollars (although the dollar would become obsolete if
every company and organization had its own coin that could be exchanged for one another easily) then the value of the apartment building would
probably rise and fall depending on different factors, including the success of competing for apartment buildings.
However, the management choices would be much more directly linked to the opinions of the residents and those in the immediate neighborhood, and thus
more likely to succeed. They could even call upon experts to get information that they do not know the answers to, and vote on community leaders.
At any rate, in my eyes, this makes the endeavors more likely to succeed and go up in value over time. In addition, the crowdfunding allows residents
to invest in opportunities that directly affect their lives - to not only work together to build a new facility but reap the benefits of its monetary
gains instead of the corporate elite.
edit on 04pmThu, 04 Jan 2018 19:05:49 -0600kbpmkAmerica/Chicago by darkbake because: (no reason given)
edit on 04pmThu, 04 Jan
2018 19:10:13 -0600kbpmkAmerica/Chicago by darkbake because: (no reason given)