So daily I see various coins sprouting up like weeds. Some of them you can tell are just fiat cash grabs that solve nothing. Well maybe to separate you from your hard earned money. Or businesses trying to raise capital (outdated legacy model of which most won’t see a return).
I mean lets be realistic..venture capital should be best left to the pros. Or to those who have mastered the legacy system. Frankly, this model will become obsolete in the coming years. Blockchain and crypto will make it easier for people to gain access to capital.
Your crypto should work for you. This will become the common theme going into 2022 and beyond. Projects that try to implement what the legacy system already provides will fail. People need income and not another Robin Hood app.
At it’s core there exists many people not being able to use their imagination. Instead, many are cutting and pasting hoping for a fiat windfall. Applying legacy rules to crypto is an act of futility. Blockchain is built to provide abundance for all.
So if your thinking of building on the blockchain start with this notion first: Can the user base derive an income from my idea? If the answer is no then move on. Crypto income alone will be the number one driver of user adoption. Projects like Hive will thrive in the coming years.
Understand that in the global legacy economy exists one common theme: income scarcity. Regardless of what an overpaid economists tells you the struggle is very real. Blockchain is built to fix this issue. And it won’t be the State or the central banks that will solve it.
Instead, virtual economies and blockchain gaming will create wealth for all. The silly Forbes list will be replaced with gaming leaderboards. Some may not be millionaires in the legacy system. But they might be in a crypto meta verse that is thriving.
Many are starting to finally realize the grand vision of Bitcoin and the blockchain. Bitcoin was never meant to be the sole unit of account for the entire world. This would give too much power to one chain and would mimic the Federal Reserve Legacy system.
Instead, there will be many chains with many cryptos. Not one to rule them all but many virtual economies for all to participate in. If you don’t like one crypto then don’t use it. Use the chain that prospers you the most.
My advice is to avoid “investing” in chains that don’t provide an income stream. Many of these projects will be weeded out in the coming years. Their legacy nonsense serves no one but themselves. Instead, earn crypto and stake it.