As I glance at most of the daily crypto news I notice a few platforms specializing in crypto derivatives. These derivatives or options are some of the most dangerous financial products known to man. They are also heavily regulated.
Which means if you want to get on the radar of the balding guy at the SEC then your in the right place. Obviously there is a demand for these products. Traders love to gamble and using call/put options can yield some impressive results. But so can getting lucky at the track.
Let’s make something abundantly clear: casino finance is very dangerous. In the end most lose what little capital they have. The house gets it all. Yet, these type of financial products nearly brought down the entire legacy system.
Maybe humans will never learn. Or possibly they are lured into a game that promises easy riches. Either way it can become a plague upon the crypto community. It is why I always say create something different; we don’t need another giant financial casino.
Instead, gamification and abundance should be the focal point. Income is what people truly need right now. Not more gambling or reasons for Mr. baldy to start regulating into oblivion. Crypto can become something entirely different.
Games are something I enjoy doing on my spare time. It’s fun and relaxing especially after a long work week. It also keeps me motivated to level up my virtual worlds. Tokens only add to the reward gaming mechanisms.
You see my vision for blockchain is different then the one some would like you to see. Some of these individuals want scarcity to continue. They want the world to have to rely on their systems of exchange. Or permission from their bought and paid for politicians to transact.
Or for people to remain in debt living a meager existence. Some of these individuals actual dislike poor people. Yet, many still seek rent from these same poor people. Or find other means to extract value.
Either way the legacy system in it’s present form is broken. Blockchain is the solution. And gaming is where the vision is headed. Bit-coin was named for this purpose.
Tokens and coins were meant for gaming and not for Wall Street. Even now I see crypto prices quoted on the CNBC website. So will there be a day where gaming leaderboards are quoted as well? Because that is where we are headed.
Sadly, Wall Street and money center banks think it will be business as usual. Well I’m here to tell you it won’t be. Blockchain is going to completely gamifi the entire world. And soon it will be so in your face that it will difficult to ignore.
Everyone will have their own token including businesses. Rewards will be given hourly for various tasks including gaming. Once user crypto liquidity increases there won’t really be a need for centralized exchanges. Instead we will peer to peer it.
Frankly, some of this has already happened. Yet, not to the scale of which I am discussing. But if your paying attention the floodgates are about to open. The Bitcoin mooning price is just a precursor.
So now we have a choice to make as a community. Do you want more lack, debt, casino finance? Or do you want peace, abundance, gaming, and equity? The choice is ours. :)