Question.
Do you think after crypto people would be monetizing the time?
Because everything else has been checked except time monetization.
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Question.
Do you think after crypto people would be monetizing the time?
Because everything else has been checked except time monetization.
THAT is exactly what HEX does. It monetizes time. You buy HEX and then stake it for a time you designate between 1-5555 days (@15 years). The longer you stake, the more interest you receive. If you end your stake early, you are penalized and those penalties get distributed amongst all the stakers who haven't ended their stake early.
So, in effect, it's like bank CDs (Certificates of Deposit). You get paid higher returns for staking longer and also staking bigger. Full 5555 day stakes pay around 35-40% per year! 365 day stakes pay around 12%.
The really crazy thing is these returns are just the HEX amounts returned. In other words, if you bought 1000 HEX and staked it for a year, you'd get roughly 1120 HEX back into your account when the stake ended. However, just like LBI, this does NOT take into account price appreciation of HEX. HEX has gone from less than a penny to around 40 cents in the last 9 months. It is very possible it will continue to climb so if you paid $400 for 1000 HEX, staked it, and then received 1120 in a year, the price of HEX may be say...$1. This means that your $400 would have turned into $1120. Almost 300%!
Like I said, just like LBI is growing the LEO value of it's token, from 1 LEO to 1.5 LEO so far, if the LEO token appreciates to say....$1, then if you had bought 1000 LBI for $250 (LEO at 25 cents), you'd have 1500 LEO at $1 = $1500.
I'm not sure if the LEO founders knew exactly what they were doing when they put this together, but it absolutely has a chance to be an extremely powerful investment tool and the returns could end up being astronomical. It's very possible we see each LBI worth 5 LEO down the road and the LEO token could be say...$10. All of a sudden, 1000 LBI you bought for $250 could be worth 5000 LEO at $10 = $50,000! 200x!
If you are young, this one investment could potentially set you up for life. It will take time, obviously. But that time could be worth a small fortune.
It's a great place to be right now....AND in the future.
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Activity gets monetized, but monetizing time itself is another matter altogether. I'm still a barbarian when it comes to that concept.
UPDATE -- What "@"dagger212 said.
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There will be a lot of automation that generates income for people.
So we will see projects that people are simply receiving cryptocurrency as time goes by.
After all, isnt that what mining effectively is? The ones that get the Bitcoin can do so every 10 minutes.
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Well time is definitely tough but I think time has also been monetized to a certain extent. For example Actifit pays you for doing steps (which takes time) and there are a lot of things that require time. But a pay per hour approach seems like it would be tough since everyone does things at different speeds.
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My time is being monetized on Leo Finance. 😁
In the future, SpkNetwork might provide the ability to earn tokens for watching videos, who knows!
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Well...if the 3speak network works out then we should. As of now, I think only ThetaTV does let you earn for watching but the amount they pay is way too low.
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Yeah. Too low and that's why I didn't even try harder. Being here at Leo Finance is better and more rewarding.
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There are going to be so many possibilities going forward. It is going to be incredible all the ways people are earning.
It is actually stunning the point we got to already.
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Yes, let's retire on games! 😁
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Have you seen the movie called In Time?
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No. I'll check that out.