Crypto-Economics: The World Really Needs It Right Now
The push towards technological automation is going to accelerate after this crisis.
The key is distribution and that is something that crypto-eonomics offers.
In this video I discuss the article linked along with some ways crypto-economics can help people.
https://www.theguardian.com/world/2020/mar/30/bosses-speed-up-automation-as-virus-keeps-workers-home
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Summary:
Task shares his thoughts on the current global economic situation amid the COVID-19 pandemic and discusses the trend towards automation and technological unemployment. He emphasizes the importance of cryptocurrency and crypto economics in providing an alternative to government-controlled financial systems. Task highlights the potential of crypto platforms in offering solutions and a more equitable distribution system in the face of economic uncertainty.
Detailed Article:
Task begins by emphasizing the growing need for cryptocurrency and crypto economics in the face of collapsing global economies. He points out how the trend towards wealth distribution has not changed, and in fact, has worsened over time. As the pandemic accelerates the push towards automation, Task discusses the potential job losses due to technological advancements like robotics and drones.
He expresses his concern about government intervention in managing the economy and the potential paradigm shift towards giving more power to government entities. Task believes in the concept of Universal Basic Income (UBI) due to technological unemployment but opposes government-controlled UBI, citing it as a form of enslavement.
Task advocates for crypto economics as a solution, highlighting its ability to reward users and offer a decentralized system free from government control. Drawing from the example of the recent split between Steem and Hive, Task illustrates how crypto platforms can change distribution systems through forking and promote a fairer reward system.
He stresses the importance of community involvement in cryptocurrency, noting the role of platforms like Brave browser, Bitcoin, Ethereum, EOS, and Cardano in expanding the crypto economic world. Task emphasizes the need for wealth growth through different communities, projects, and applications, leading to increased value for participants.
Task criticizes the current government stimulus packages, pointing out that the majority of the money is directed towards banks and corporations, rather than average individuals. He contrasts this approach with crypto economics, which provides a different model by offering currency and money directly to users.
In conclusion, Task expresses hope that crypto platforms will play a vital role in providing viable alternatives for the masses amidst the ongoing economic crisis. He acknowledges the early stage of the crisis and believes that crypto economics can offer a decentralized and equitable solution for the future.