I think currency should be stabilized through assets and production
Let's say I have a blockchain I call BLOCKY that runs smart contracts and its coin is called $BLOCkCOIN
Any Decentralized Finance (DeFi) or Decentralized Application (dApp) that is running on a blockchain like BLOCKY will add to the price of the $BLOCKCOIN because the BLOCKY ledger is what is securing the DeFi and dApps. In order to secure that DeFi or dApp protocol, you need to make a transaction on BLOCKY using $BLOCKCOIN,
I can secure financial products, supply chains of corporations, messages and media and more all on the blockchain. The encrypted blockchain is like a near incorruptible referee. The more businesses using that blockchain, the more of the blockchains coin is needed to secure those businesses transactions on the blockchain ledger. The blockchain will become more valuable as more people use it because there are a limited number of coins and they can be devied up into .00000001 or less. More (useful) assets and production being built on the blockchain will help stabilize its price.
Going down this path feels like a crossroads where 2 out of the 3 choices lead to CDBCs and only 1 leads to the completely decentralized, stable currency that the more serious fans imagine cryptos becoming.
Take some deep dives into Cardano. I think you will find it interesting and like what you see. Cardano gives me more hope than anything else out there in the world right now. That's all I'll say and you're welcome to disagree but check out why they chose the programming language, the EUTXO model, their scalability plans, Voltaire and Project Catalyst (the worlds biggest DAO), the projects being built on it, proof of stake efficiency, their decentralization, and more. There's a lot to go into on that.
I think currency should be stabilized through assets and production
Let's say I have a blockchain I call BLOCKY that runs smart contracts and its coin is called $BLOCkCOIN
Any Decentralized Finance (DeFi) or Decentralized Application (dApp) that is running on a blockchain like BLOCKY will add to the price of the $BLOCKCOIN because the BLOCKY ledger is what is securing the DeFi and dApps. In order to secure that DeFi or dApp protocol, you need to make a transaction on BLOCKY using $BLOCKCOIN,
I can secure financial products, supply chains of corporations, messages and media and more all on the blockchain. The encrypted blockchain is like a near incorruptible referee. The more businesses using that blockchain, the more of the blockchains coin is needed to secure those businesses transactions on the blockchain ledger. The blockchain will become more valuable as more people use it because there are a limited number of coins and they can be cut up into .00000001 or less. More (useful) assets and production being built on the blockchain will help stabilize its price.
Going down this path feels like a crossroads where 2 out of the 3 choices lead to CDBCs and only 1 leads to the completely decentralized, stable currency that the more serious fans imagine cryptos becoming.
Take some deep dives into Cardano. I think you will find it interesting and like what you see. Cardano gives me more hope than anything else out there in the world right now. That's all I'll say and you're welcome to disagree but check out why they chose the programming language, the EUTXO model, their scalability plans, Voltaire and Project Catalyst (the worlds biggest DAO), the projects being built on it, proof of stake efficiency, their decentralization, and more. There's a lot to go into on that.
I think currency should be stabilized through assets and production
Let's say I have a blockchain I call BLOCKY that runs smart contracts and its coin is called $BLOCkCOIN
Any Decentralized Finance (DeFi) or Decentralized Application (dApp) that is running on a blockchain like BLOCKY will add to the price of the $BLOCKCOIN because the BLOCKY ledger is what is securing the DeFi and dApps. In order to secure that DeFi or dApp protocol, you need to make a transaction on BLOCKY using $BLOCKCOIN,
I can secure financial products, supply chains of corporations, messages and media and more all on the blockchain. The encrypted blockchain is like a near incorruptible referee. The more businesses using that blockchain, the more of the blockchains coin is needed to secure those businesses transactions on the blockchain ledger. The blockchain will become more valuable as more people use it. More (useful) assets and production being built on the blockchain will help stabilize its price.
Going down this path feels like a crossroads where 2 out of the 3 choices lead to CDBCs and only 1 leads to the completely decentralized, stable currency that the more serious fans imagine cryptos becoming.
Take some deep dives into Cardano. I think you will find it interesting and like what you see. Cardano gives me more hope than anything else out there in the world right now. That's all I'll say and you're welcome to disagree but check out why they chose the programming language, the EUTXO model, their scalability plans, Voltaire and Project Catalyst (the worlds biggest DAO), the projects being built on it, proof of stake efficiency, their decentralization, and more. There's a lot to go into on that.