The Five Keys to Crypto Evolution – Hacker Noon

We’re talking about programmable money delivered directly to people for beneficial actions on the network. That’s not a model that exists in history. It has no parallel. It’s never been tried anywhere, ever. It’s a revolutionary model that fits no previous idea.

Why do we want this?

Because if we can swiftly distribute money to a vast ecosystem of economic players we can bypass the fiat choke point for good. If we don’t need to keep going through the old system and converting the money to the new one everything changes.

Think about it.

Once people can live off crypto with no reason to touch the dirty paper of the old world we’ve got a totally new way of doing business that becomes quickly unstoppable.

Why?

Because dependencies create choke points.

Right now crypto is totally dependent on the current monetary system. If you still have to earn enough in fiat to buy a car, or you have to convert your crypto to fiat to buy that car you have a choke point.

But if you can earn enough through playing the economic game of life made literal with programmable coins then you can survive and thrive off crypto alone, which means all those choke points are rendered totally irrelevant.

If we don’t have to convert fiat to crypto we don’t have to play by the old rules at all. It will be a parallel economic operating system for the whole planet.

via The Five Keys to Crypto Evolution – Hacker Noon