hyprCoin

* Distribute tokens to partners (product / gift manufacturers). Partners with vested interest in the success of a company could be much less likely to sever relations as it will hurt their investment.

* Distribute tokens to customers as a type of rebate. Like a loyalty program that encourages patronship.

* Use tokens to vote on what products should be sold. Many gift shops sell pipes and other drug related items. This decision would sink other family oriented shops. What would your customers like?

* Distribute tokens to the locals as an attempt to build virility and community around your shop.

* Distribute tokens to employees as a way to recognize accomplishments. Ever get a few bonus stock from your company for doing good work over the week? Me neither.

* Sell tokens to raise funds.

* Set budgets based on community votes.

The list is endless and these are rough ideas. Look for ways to align business interests and customer interests.

The current governance system will have to adapt or die. It's not much different than any other disrupted industry, except this one is armed.

The ease of access to capital for good ideas without any of the bullshit involved in startup fund raising is what has convinced me of this. It really doesn't matter what ivy league school the CEO went to, it's outweighed by the idea, the ability to execute and the ability to convince others to contribute resources.

Crypto is like the internet boom if the boom was more distributed, as anyone could take part in investment from the seed round.

There is a massive generational theft that's been happening over many centuries. Property prices inflating along with the rising cost of education and loans are further rigging the system towards the older, wealthy and established.

Instead of this trend slowing, it's accelerating at the expense of class mobility for the young, poor and intelligent. This disillusions these individuals en masse.

Where have disillusioned intelligent people recently been life-changingly rewarded for their efforts? Cryptocurrencies have done so, loudly. In fact, there are developer celebrities in many of these communities.

The choice to the young and intelligent: Seemingly immediate power, prestige, and potential class mobility versus an stressful period of self improvement that causes extreme debt (college).

The game needs to be better for the young and intelligent or they are going to play a different one. Many already are.

I'm extremely long on cryptocurrency for this (and other) reasons. For a sense of time scale, I have an iota retirement plan that begins distribution in 10 years and lasts 35.

You also may want to reevaluate your initial thoughts on what representations of value can do for each of these use cases.

A quick example: A secure means of sharing information and value across devices is a building block for the internet of things. How would such a standard exist and how would the value distribution become agreed upon?

There are many crypto currencies in the space

edit: removed coin reference, really not trying to convince anyone to buy anything, just re-evaluate prejudices

Fear of an insolvent retirement can trigger this behaviour which then can compound on itself as other retirement plans are jeopardized. An entire new generation of wealth giving up on prior security and stock distributions in favor of new markets can also trigger this, such as what almost happened in South Korea with crypto currencies.

Hope none of this happens of course, but please be aware of the risks you are implicitly taking.

When were baby boomers set to retire again?

Trades also do not have to be zero sum, winner and loser, games.

An easy example is this:

I sell my bitcoin to you for your eth. You sell your BTC to rent a vacation home for a weekend. I use the eth to generate a crypto kitty.

The crypto kitty has personal value for me, the vacation has value to you and the owner of the vacation home gets some BTC they can use to find value at a later time.

I actually recommend reading some of Nouriel's thoughts on the matter. I don't recommend taking investment advice from him, or anyone else for that matter. Do your own research and your own critical thinking.

I believe there is immense value in a global currency that doesn't have uninvited middlemen. I also think the immense volatility will slow as people come to understand what cryptocurrencies can represent and better solutions arise.

Personally I trust the future of finance, governance, security representation, IOT, fog computing and other yet to be developed applictations to software engineers rather than wall street and lawyers.

Here are a few use cases I'm excited for:

* SONM / Golem as an entryway to fog computing.

* IOTA / WTC / VEN as entryways for exchanging value and information in an IOT infrastructure.

* NANO for exchanging value without deteriorating the original principal through fees.

* ETH / NULS / ECC - Tokenization to represent distributions of hard to divide securities. The doors are open to invest in startups, offices, applications and ideas without having to get approval on what you want to support.

* BTC / ETH as trading pairs. This acts as a new stock market that doesn't close. One where trades can even be private (on a DEX such as cryptobridge or barterdex).

Yes there are massive scams and there is questionable value in the 'store of value' use case BTC is currently defending. Every new idea is bound to have growing pains.

The larger implications is that software engineers now have the power and tools to create distributed shared systems that interact with the population at large in new and yet unforeseen ways.

It won't happen overnight but saying there is no value in what is currently there is purposefully misleading.

(edit) bad phrasing

1) Are scared that tethers can crash the market and want to flush things sooner than later

or

2) It's part of a disinformation strategy to move the market where it's more profitable.

There are very few rules and regulations around cryptocurrency so I'm betting on #2.

> Low-income South Koreans are finding it harder and harder to rise to the middle or high-income classes through their own efforts and abilities, a recent study shows. Just two out of every ten households saw their economic status rise through increased income and assets over a three-year period, the findings indicate.

Crypto provides an alternative economy where class mobility isn't broken in the same ways. Youth will continue to flock to it until the local economies sort themselves out.

A second part of the emission could be used for UBI protecting the poor and getting buy in from the populous.

It would rid ourselves of the debtor's prison and the government would no longer be providing a yearly negative reward signal to it's financially successful citizenry.

Oh well enough fantasizing, time to guess how to report income tax on low liquidity asset income that hasn't, and sometimes can't, be liquidated. If I'm wrong it's time for bank account freezing and fines. Maybe jail time if I upset the wrong employee.

Feeling pretty scared in the home of the brave right now..

BTC is many things and it causes confusion amongst people trying to determine where the value comes from. It took me many years to figure this out, unfortunately.

Crypto is also a stock market 2.0, where bitcoin is an index fund.

We wouldn't want the poor hurting themselves.

Coins represent a better approach, one not walled off to the general public. Coins can represent concepts or goals that live beyond a centralized organization providing documentation. Of course there is vested interest in regulation. Accredited investors love the walled gardens.

1) Rarity does play a factor in some currencies. Others less so. You get to choose what is important to you.

2) Transaction fees for BTC are hovering at $30 last I checked. Still huge but other coins have low to no fees.

3) There is only one vitalik. Some resources are scarce.

4) The only way you could have lost money in the last year was by day trading. Don't do that unless you are ok with extreme risk/reward scenarios. You can easily lose 80% with a few bad trades.

Right now the solution to that hypothetical poor down syndrome man is the salvation army and living on the street. I see it every day with a variety of mental health issues outside my luxury apartment. The disparity is sickening, and our system is failing it's people immensely.

Personally I'm very hopeful that a combination of gene editing and AI will alleviate malodies and allow everyone clarity of thought.

Youtube and netflix are both on demand television as are amazon instant, modern cable tv subscriptions, and a variety of specific channels (hbo, showtime, etc).

There will definitely be use case dominance, but they may not be the same whales as we currently see.

There isn't one company for internet searches and there isn't one provider for online video content. Why should there be just a handful of currencies?

The natural state of a healthy ecosystem includes competition and variety.

There is a reason they keep getting mentioned.

1) Let people make their own decisions and don't try to be their caretakers.

2) UBI should be universal. Ideally the impetus would not be on the US government or any other local government to implement it. Let's not conflate their responsibilities further, they are a large enough centralized point of failure.

Feel free to buy lottery tickets or gamble, just don't let us catch you investing in a startup seed round.

Here is a subreddit discussing UBI + crypto combinations https://www.reddit.com/r/CryptoUBI/

Personally, I believe that collective human interests can be accurately modeled with crypto currencies. Things like UBI, health insurance, other new unrealized collaborative goals likely will be modeled in this way. For example, if I could help end homelessness by accepting a certain coin for my goods and services, I likely would.