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RE: Cryptocurrency: Spurring Financial Innovation

in LeoFinance4 years ago

The challenge is money. While these people are dedicated, persistent, and highly intelligent, they lack the resources to make a major impact. A great deal of their time is spent in fund raising, ultimately getting a fraction of what a Silicon start up gets for a new application that can tell when we run out of toilet paper.

LOL

By the way, the last thing the world needs right now is yet another centralized social media platform. Yet, there is a deluge of them. Even those can provide a living or a side income stream for a lot of people as Tik Tok has done for people living in Indian slums has. But crypto-powered platforms like Hive a much lower threshold for monetizing content than any centralized platform. What Hive DApps do is tap into the crypto boom for much larger rewards than would otherwise be possible.

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All true and social media is just one aspect. We can easily add gaming to what you stated. On top of that, we see a host of other methods that are starting to come to light which will provide people with incomes, hopefully all decentralized or, at a minimum, built on decentralized blockchains.

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The cryptocurrency sector is buoyed by the current macroeconomic conditions around the world. Many people are unemployed with their savings about to run out. It would stand to reason that a lot of people would welcome an additional stream of income from the comfort of their homes in the form of crypto earned on platforms like Hive. It's now so easy for those who can write or otherwise create interesting content that it is quite unbelievable.

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That is my view on things. Crypto that is received as a reward as opposed to requiring purchase is more apt to be used in my opinion.

For those who are out of work, and have time, getting involved in crypto in this manner seems to make total sense.

Why wouldn't one want to spend some time on a platform like Leofinance (Hive) as opposed to traditional social media and earn some money?

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Why wouldn't one want to spend some time on a platform like Leofinance (Hive) as opposed to traditional social media and earn some money?

Perhaps because it is still easier to find engagement on mainstream platforms. But for those who can create content, a side income stream should be most welcome if they're struggling. It is no co-incidence that Venezuela has an outsized presence on Hive.

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