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RE: In The Future, Everybody Will Have Their Own Cryptocurrency

in #smt7 years ago

Interesting article! At first I was completely dismissive of the thought that everyone can have their own currency. As I was scrolling through the comments though, a somewhat random thought occurred to me -- that we already place "value" on individuals. Each individuals' cryptocurrency could represent that value, and you can essentially allow the market to determine what you are worth the more information you give... (A scary thought). Then the morning thought occurred to me concerning what would happen when you are no longer here? Would the value disappear instantly? And the answer to that could be in the form of life insurance. Are these crazy thoughts I am having?

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Money is a story, a network. Blockchains are replacing networks with marketplaces. If you think about kings issuing their own coins in the days of old, it basically represents the values they believe in and how they "post" and "curate". Now cryptocurrencies (especially SMTs) are giving this power to every individual :)