Looking at it pragmatically, we interact much more with the grocer down the road than we do with our banks, however, the only way we can commercially interact with our grocery store is through our banks.
The question that needs to be asked is: If my grocer offered me an option to bank with him, would I?
Why the hell would I not, for at least the value that I would spend at that store in that coming month?
If a bank account is just a digital representation of value, that is kept somewhere, why can’t we store that value where we use it most. So if my grocer were to incentivise me to preload value into his digital representation of my value, would there be enough trust in my grocery store to keep my value with it?
“The truth is we are all caught in a great economic system which is heartless.”– Woodrow Wilson
We have all heard the chant “Tokenise the World”, seen the hashtags, watch twitter talk about everything being tokenised and decentralised. However what does that really mean? I want to break it down to a micro economic level to show the beauty of incorporating tokenisation on a utility level within an enterprise and building it outward to operate with the larger crypto economy. Taking it from a buzz word to an understandable application that we all can envision.
Let’s start by looking at a traditional micro ecosystem. A Company (Axel’s Gym) would largely have 4 prime stakeholders: Shareholders, Employees, Customers and Suppliers. At every po...
“If you know the enemy and know yourself, you need not fear the results of a thousand battles” – The Art of War
It’s a Thursday evening, as I sit drinking coffee while building our exchange platform with our team when my phone pings with the news that the Reserve Bank of India has just banned the regulated companies from allowing access to the Bitcoin network. I slowly lean back, fold my arms and start wondering what a decentralized and tokenized future will look like. How can we assist in enhancing the greatest invention since the Wright Brothers took flight and embed it into our daily lives to empower everyone to be interconnected at the touch of a button irrespective of their geographical location, language or heritage.
“When you know that you're capable of dealing with whatever comes, you have the only security the world has to offer." - Harry Brown
Walking down a derelict street in center Johannesburg, with a watchful eye covering every possible nook and cranny for scenarios that could leave you vulnerable for attack. Your senses are firing on all cylinders, anticipating every passing stranger’s next move. Your only mission: to get safely to the petrol station on the corner, fill a 5L canister with fuel and make it safely back to the protective armor of your vehicle.
You proceed hastily, trying to appear calm as you approach the door of the convenience store adjacent to the petrol pump. You sigh with relief as you safely cross the first hurdle in yo...
At what cost would it be, for the globe to give up the safety net of the banking network? Are the majority of the latest Bitcoin entrants cognisant of what they are gaining by being part of the Bitcoin community and what they are giving up by leaving the banking community?