The world is shifting towards a machine economy, and breakthrough in the sectors have spiraled in the circular economy. At this point, the idea of 'money' is the contribution that you pour into the overall economy, share that you get, but is entirely dependent on central authority. Understandably, it's the contribution from the brain as well, right? But humans are diverse, and so are their brain capabilities; the alignment of certain economies can't be put into higher and some into lower.
This Machine Economy is the answer to that, but it comes at a cost. At this time, AI and the machine economy are a game played between the institutional investors. The flow of wealth is similarly occurring in between these sectors: a massive investment pool.
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On the contrary, these machines and AI are taking the job, but we can see the applicability of these can deliver a new economy on the basis of power and efficiency used to deliver the results, just like Bitcoin. Chances are these are going to be more centralized, but in proportion to what these can deliver, the prospect is significant. There are already works done in IoT and the machine economy, and most of the crypto projects have failed to deliver. So, crypto won't work?
This comes into the practice of usability in day-to-day life; currently, we are not in a position to exchange the power, as it has not yet become a part of the economy. So, what's the part of the economy? It's the money that's used in day-to-day life; we don't trade assets in day-to-day life. This sounds more like a Barter system, but what I am implying here is 'tokenization.' So, everyone has started working on the stablecoin concepts. The old classical money can't be circulated on the basis of power generated on machines, and these require to be validated in between the machines. So, this will foster the creation of an ecosystem. And an ecosystem is something that would create a foundation of a new economy. Where payment will be easy, fast, and more decentralized. To be linear to what exists today in Web 2 is TikTok; with the creation of a marketplace, it could have its own ecosystem. As a result, money flows inside the application, not needing to go beyond it. The problem here is where money is coming from, and Bitcoin solves it with decentralization.
In this way, a new way forward could go along with crypto and future machines.
Don't you feel we are building an economy within the Hive ecosystem? We are in hard times, but we are authentic; it's community-based, so we will have our time. Just trust the process; no one has seen the future.