All you ought to do is deploy an airdrop and boom, you have a foundation to build a unique economy detached from the rigidity of the traditional banking system.
Have people really stopped to think about this?
Above the cash-grab impression of airdrops, have people looked the other way and realize that it is a perfect way to build unique standalone economies as private businesses without running into problems such as securities laws violations?
Last time I checked, folks around the media say that the Argentine economy is being screwed over by the newest president. Is this true? I don't know, not exactly a fan of politics, all things related bore me the fuck out quite quickly.
That said, asides the reported devaluation of the country's currency, or better put: the inflation following his actions as reported by several media companies, what caught my attention was some report on his statement of giving provinces the freedom to mint their own currencies.
President Javier Milei believes that the market will ultimately decide on the value of the projects.
First time really this I was like: hell yeah, crypto has proven this over and over again.
Argentine President Javier Milei promised not to oppose provinces’ attempts to launch their own currencies after a public exchange between Milei and the governor of La Rioja province, Ricardo Quintela.
On Jan. 14, during an interview with Radio Mitre, Milei confirmed that he would not legally oppose the creation of local currencies by provincial authorities in Argentina. The president believes that the market will ultimately decide on the value of the projects, but he warned that “quasi-currencies” will spur up inflation and those accepting them will end up scammed:
“Those who receive payments in quasi-currencies from irresponsible governors will clearly see a loss of their income [...] What is not taken from them through budgetary adjustment will be taken from them via inflation in the quasi-currency.”
That's definitely something. Various provinces can operate their own currency unique to them. It just sounds like crypto and its projects or stocks and the respective companies but it's really more like crypto because the president “promises” not to legally oppose it.
Meaning they enjoy the freedom to create their own unique currencies just as crypto is giving the world the ability to do so without needed “promises” or permissions.
Further Global Division But Unified Liquidity Market and Community
Each business having its own currency is obviously a tool of division at face value. But when we look at the grand scheme of things, it's only division at the beginning and really just a massive growth mechanism moving further.
Why?
The best wins, always.
Remember that there's division on the business level, but the liquidity market is unified in the sense that the money movers are watching the entire space, not staying locked in any confinement as crypto is borderless with the aid of blockchain technology.
As a result, people are really just on the lookout for what's doing best, who's building something of value. There's no “world power” controlling the system, just a market open and filled with opportunities where money can move from one sector to another in a swift second based on the perceived value and the change in the business landscape.
Each business given the power to program their own economies, not restricted by any system gives them the room to offer the best services and at the same time, gives the users the freedom to assess a global market of value builders.
At the end of the day - those actually building value, get the most out of the global market. There's no system where one is building for the entire system to milk the value away.
Economic expansion requires valuable work, programmable economies enforces this.
Lights out.