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A social currency is one that has been designed to serve the most disadvantaged people in society. The model must be designed to buffer the economic effects and provide the safety net when the other resources are not operational. Social currencies take an additional step, through the application of the power of a blockchain, to release economic resources that the poorest people in society would otherwise not be able to access.

One of the most interesting and promising explanations of the social currency model is to use digital cash in a way that enables people to engage in the economy and, thus, to solve the social currency problem.
The social currency problem is a name for the imbalance of economic resources which exists between the haves and the have not. It is a structural problem because of the nature of our economy's system. But the system is stacked against most of those people who are unrepresented, even though they work hard, follow the rules and try to do things correctly. It thus creates a space in the economy which is not being addressed by traditional financial systems.

The problem of access to economic resources is the problem of providing social currency to those who are in some way excluded from the economy. For instance, the most obvious example is when a person does not have money and therefore cannot participate in the economy. As cryptocurrencies are social currencies, they provide access to the economy when the traditional forms of currencies are inaccessible.

Money is generally being channeled from the center towards the bottom, i.e., from the central banks to the banks and then from the banks to the large business entrepreneurs right down to the small business enterprises. The bigger the money that you get depends on how close you are to the center, while the average man and the poor are not counted here, hence it is a huge social injustice towards most people in our society.

The social currency model enables the blockchain to make economic resources available to the poor in the society. It has served as an alternative for those with poor access to the conventional financial system to participate in global economics.

Hive in my opinion is a site designed to solve the social currency problem. Hundreds of thousands of people worldwide now use it as a source of hope for their living. Hive is a decentralized social network that allows users to have access to a currency (HIVE) that is not controlled by anyone.

HIVE is a decentralized virtual currency. That is, it does not require an approval from any institution for anyone to join it and earn. Rather, it is controlled by the users of the system. That is a very strong idea, which enables people to have access to and be liberated with the money that has previously been disallowed from them.

HIVE is a currency that has been created to be fast, frictionless ways for anyone to save, spend and send money to anyone without incurring any charge. It also offers the ability to do so in a decentralized manner that does not involve trusting on central authority.

HIVE was specifically engineered to be a social currency. It thereby created an earning stream for the skilled and unskilled labor that were out of the jobs market in their homelands. People who had been conventionally outside of the monetary system. HIVE is scalable and simple to utilize, so it's the correct pick as a social currency.

Hive's blockchain technology can bring economic access to more people across the globe. Hive is considered by many to be the safest and most powerful centralized social blockchain platform; thus, Hive is the financial future for many.

Conclusion

The social currency model can give access to the economically disadvantaged who for a long time have been kept out of the financial system. Hive is one platform in which this is being done, as it is a decentralized platform with a decentralized currency specifically developed for the unbanked and underbanked. This is a great development in the financial world, as thousands are already applying for it. range 20-30

HIVE is a medium of exchange that enables people to participate in the economy. It provides people with an opportunity to earn depending on their talent and ability in a place where censorship does not influence them. It provides them with independence to spend their money as they please and also trade directly with other people. It is a good concept because it provides people with a platform for money that they previously have had no access to in the past.

What do you think about this post, do see Hive as a system that can serve as a platform for social currency model?

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