If the cryptocurrencies continue to gain momentum, there is the potential for decentralization occurring in many different industries. One such
example is the gaming industry. First, let's review what I mentioned in an earlier post about an apartment that was started as an initial coin
offering. I might get some details wrong, as I am still developing my ideas.
First, those wishing to work and live in the apartment building could invest, then those in the immediate community, then the city, then the state,
then the nation, then the world, until the funding goal was met. People who live there "pay rent" by buying the coin of that particular apartment
building, however, they have to pay a fee set by votes based on % of coin owned, and that would cover things like the workers (who could be paid in
dollars or the apartment coin), and utilities (which could also choose to be paid in coin or USD).
In addition, the people closest to the apartment building, such as those living there, get to invest first - and the value of the coin might go up
simply as more and more investors are announced each round from expanding regions. They would not get more coins, just more value per coin. In
addition to this, the people living there would earn whatever coins were left over in their rent after fees to represent earning a stake in the
company by living there.
The more the locals were able to cover the needed expenses to build and maintain their apartment building, the more control they would have over their
own living situation. Investors and renters and workers could chat on a server like Discord, and negotiate things like wages and fees. The investors
would gain money by the value of the apartment complex going up, and it would increase if its reputation was good, which is based on things like
maintenance, crime, parking, quality of the units -
In addition, anyone involved with the apartment could start a crowdfunding campaign to do something like installing a pool. People could donate as
much as they wished to that fund using any currency they like, and then when the pool finished, everyone would enjoy the added value of their
Think of a model similar to this, but with a game designer. Someone starts an initial coin offering with a billion coins for a new RPG. They kickstart
it, but this is Kickstarter on crack because everyone involved gets to own a portion of the company. After money has been made, the ico owners get to
vote on their method of generating coins during the development phase to pay the developers.
For example, if $10 million was made in the ICO, each coin would be worth a penny. The next step is workers - who are going to work for this game
company? That's easy, just mint new coins to pay for the game developers and hire them and set rates based on votes (which would be based on % share
Discussions of this nature would not need a board room, or a CEO, or even a building. They could happen on a Discord server.
So, as more coins are being minted to pay the developers, the value of the coins go down, but that is because their value is being transmuted into
cultural value - of the game content. If the game content is good enough, the game will go on to sell copies.
Game Designers could be hired as independent contractors and advertise themselves and their resumes on social media platforms.
When the game starts selling, the money is poured directly into everyone's coins as dividends. The workers, who were paid minimum wage in the game's
coin at market value, would also see dividends on their work, as would early fans.
Take this a step further - what if, instead of being paid by the hour, people were paid for the content and quality of their work? For example, they
could get paid so much for designing a map, or a character's avatar. They could be required to make minimum wage for an hour's work, but work from
home and set their own time.
When the game is released, people who buy the game simply add USD into the account of the coin without getting coins in return, inflating its value.
It would continue to go up for some time until its value starts decreasing due to everyone trying to sell off their holdings to move onto the next hot
Developers in the video game industry could jump from project to project based on weighing what's hot or not vs. how attached they are to the vision
of their current project. They could even see an opportunity to vastly improve a game in some area, apply to work there to get paid in coins of that
game or even invest in the ICO. Then they could work there, vastly improve the quality of the game and its performance, and make bank when the price
of a coin doubles or triples! Just because of their reputation and particular work style and experience!
See, this is a fair redistribution of wealth. People are getting paid what they are worth. When you have an elite class that makes its money for its
administrative duties, they get paid MUCH more than they are worth because they are abusing power to milk money for themselves.
However, take out the centralization, and the ruling class will suffocate. It will happen, maybe over the next 100 years. If the ruling class is not
needed because we could administer ourselves, they would lose their power unless they tried to stop the decentralization process (this could lead to
Feel free to point out anything I may have missed or miscalculated. Open for discussion.
edit on 04pmThu, 04 Jan 2018 23:42:01
-0600kbpmkAmerica/Chicago by darkbake because: (no reason given)