792 karma · joined February 9, 2012
I think stablecoins will play out differently though and are an important component of attracting new users. I believe decentralized applications will be built that bring mainstream users in, and these users will want a stable store of value to use these applications.
Blockstream is that company in Bitcoin.
I suggest reading this post: http://blog.onename.com/americans-hacked-opm/
TLDR; The blockchain offers a more secure database that allows institutions to stop storing massive amounts of user data on centralized servers.
The difference with bitcoin enabled micropayments and every other attempt at micropayments in the history of the internet is that Bitcoin is an open, interoperable network. Flattr, Beenz, Flooz, TipJoy, and others that have come before have been closed loop networks where there was significant friction and fees associated with getting onto and off of the network. When on the network, these has also only been one behavior possible-- tipping.
Bitcoin is an open, interoperable network where any amount of money can be sent frictionlessly anywhere on the internet. Perfect for micropayments, we think!
I'm launching a campaign for Litecoin tees at Teespring. The goal is set on 50 shirts. If we reach that goal, the shirt will be printed and will be sent to you. If the goal isn't reached, you don't have to pay anything.
My statement that paying people excessively can make them less hungry is something that has been observed through experience. I'm not saying that this is always the case, just that it happens and is something to be aware of.
Sure, salary is a matter of supply and demand- which is why I'm advocating for more transparency so that all market participants can make decisions with more complete information of the market. But I'm saying that supply and demand SHOULD be dictated by value added.
I'm not necessarily saying that every company should pay within this range. Just that this is something to be aware of, and if there is significant deviation from these numbers, more thought should be put into the decision making process.
Technology has the opportunity to change this, and although it hasn't drastically altered the information gap yet as it relates to college counseling, it is starting to. ConnectEDU is the most interesting technology company working on this problem that I'm aware of right now, but I'd love to hear about others as well.