Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

36
Here's the real reason why financial institutions are crapping their pants around crypto.
Post Flair (click to view more posts with a particular flair)
Post Body

I was making dinner and I realized why financial institutions are shitting their pants around crypto currencies. Or, really, if they're not, why they should be cleaning said pants.

If you're a developer, work with some friends and make a DAPP. Create a currency to act as a transaction token on data exchanges, and you've in effect/affect made a company, that owns however many shares/tokens of a application that has an actual user base.

Usage creates value just because of the amount of data exchanges that are happening. Add in the fact that you now have an exponential growth that isn't tied to anything in the real world, that's completely digital and global at the same time.

Now, realize how many things you're actually eliminating in terms of your needs.... r/startups I'm talking to you.

Things you've eliminated: - The need for startup costs. Tied to the currency. Do some marketing, then release the currency.
- The need for VCs. Tied to the currency.
- The need for payroll. Pay yourself in the currency until you can sell some of it for fiat, if you need it.

*What you've gained: * - Directly investing with your time, exponentially creating value worth WAY more than your current gig.

I realize too, that this isn't new to people who are building on top of ethereum. Just saying, I just realized all of it at once while taking fries out of the oven.

Author
Account Strength
100%
Account Age
13 years
Verified Email
Yes
Verified Flair
No
Total Karma
13,368
Link Karma
276
Comment Karma
13,092
Profile updated: 1 day ago
Posts updated: 9 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
7 years ago