With the passage of Build Back Better bill, we now have language to allow cryptos to be adopted by the main stream. This can be looked at as a good and bad as this means more regulation on the industry. What ever it may mean to any one individual, my main point of discussion will be how can we use the advantage that cryptocurrency and the blockchain to benefit our own local communities.
With on going pressures to the economy as a whole we have seen that many gains that the government has bragged about has been diluted. Diluted by high inflation, high food prices, high home prices, and a lowered avg income adj. by inflation. Our numbers recently came out showing that CPI Consumer price inflation came in at a whopping 6.2% for the month of Oct. and 50% YOY from 2021. https://www.marketwatch.com/story/behind-highest-u-s-inflation-rate-in-31-years-lurks-fear-that-federal-reserve-has-lost-control-of-consumer-prices-11636653480
The blockchain has allowed businesses to profit immensely from the acceleration of activity within the blockchain such as Crypto exchanges, Riot, Robinhood, Coin base, Hive(no relation to this current platform). Isn't what we currently see happening a centralization of power over the blockchain especially looking at this is how a huge amount of people obtain their cryptos. Isn't this just the banks of the metaverse?
https://www.investopedia.com/tech/what-are-centralized-cryptocurrency-exchanges/
I am interested in an open discussion on, how on a local basis how could local community control over the blockchain can be acquired? One might say defi is the answer as it is decentralized yet that still has an level of centralization that is outside of your zipcode, county, or state lines. What can been done with the blockchain to effect the people closest to us as these are the members of our local economy that has the most effect on how everyone goes by their day to day lives?
If corporations have found the value of cryptocurrency mining, why haven't we been able to find the value in doing the same as local community members?
If something like this was available we could already make our own UBI without relying on the government? again corporations have already done it for themselves as now any business are raking in billions from getting more and more everyday people buying cryptos from them.