This Proves Crypto Has A Future!
If you want to know the future, look at University Students
It has always been a trend that University Students lead the charge when big changes need to occur.
In the old Continent of Europe, history has shown that whenever big revolutions occur, University Students are the ones to lead the charge and start both the protests and the thought lines that drive them.
That’s why it’s very important to watch how Universities and their students behave in society, and to know the trends that are developing both in and out of them — but especially in!
Having said that, a new study from Coinbase which was recently published studied how the world’s Top 50 Universities are reacting to Crypto.
56% of the Top 50 Universities in the World Offer Crypto Classes:
That’s right, the study discovered over 56% of the top-tier universities offer cryptocurrency classes, a rise of 14% when compared to the numbers available last year.
This is a substantial rise, and as Universities want to attract more students we can only assume it’s the student’s interest in these topics, as well as the demands of the professional world, that are enticing this shift.
But let’s stop the assumptions and look at another study:
Qriously made a survey that found out students older than 16 had a 6% increase in their interest in Crypto or Blockchain classes or class-related work.
Not only that, Coinbase found out 28% of students inquired who didn’t have such courses wanted to have Crypto or Blockchain related classes.
Are you surprised or impressed already?
Then let me just get you to read the kicker… it gets better!
Twice as Many University Students Had Crypto Classes When Compared to Last Year:
Last year, about 9% of the students from the study had blockchain or crypto classes. The number doubled to 18% this year.
Not only that, but blockchain and crypto-related classes have been classified as an Economics, Law, or Finance subject — not computer science as it previously was the rule.
This means one thing and one thing only — the Universities are waking up to the potential of decentralized or crypto-powered finance.
Source: Coinbase Analysis (see the extended source in image)
The Past and The Future:
When the world lighted the candle of illuminism and the renaissance, do you know who fought the hardest for progress? Students.
When the European countries were ending their dictatorships, do you know who protested and was arrested? Students.
When Colonialism was meeting its end, who was always there to show the powers that be how inhumane the colonists were?
Students!
Crypto is here to stay, like it or not, and you can fight false gurus and even proven experts, but you can’t fight the students!
The Future is Tokenized: Communities & Value
The future will tokenize everything, but above all, it will measure the added value you input towards society.
The Market Value of Everything: Tokenizing Value
Let me start by going over the concept of “Market Value”. Market Value, to me, is more than a simple price tag — it’s the benefit, it’s the greater good, it’s the measurable value of the degree of how one’s action, product, or service improves the world.
Understanding this concept, we can see that by working, by selling something, by solving problems, by helping others, and by doing everything that benefits humanity or a single individual we’re adding “value” to the life on planet Earth, to our community, to our clients and so on…
The future will tokenize that value, and the more value you add to people’s lives, the more tokens you’ll be rewarded in.
This is happening in a lot of different blockchains and cryptocurrency projects already, and it’s only a matter of time before it extrapolates into our daily lives.
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Community-Based Tokens: More Than You May Consider
With what I’ve previously written, you may be tempted to think there will be a “master” token like Bitcoin doing all of this, but that’s false.
What will happen is every community will work with their own tokens.
Agriculture will have its agro-tokens, finance their own finance-tokens, and so on. You can already see a lot of community-based tokens enjoying great success while operating in micro-cosmos.
Steem is one of the blockchains where this system already works. Lifestyle bloggers are rewarded with the Lifestyle token, Business and Investment writers are rewarded with LEO, Splinterlands’ players are rewarded with SPT, and so on.
Not only that, these users can buy, invest, trade, stake, sell or do whatever operation you can think of within those communities by using the community’s token.
This is a micro-cosmos that shows us how the economy will work in the future, and this future seems bright — let me tell you why.
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Meritocracy Implemented: How Tokens Will Make Hard-Workers Rich
We all know our world has serious problems being meritocratic. Most governments are corrupt, most people are selfish, most banks are puppeteers or puppets, and so on.
This token-based economy will make it so that meritocracy gets rewarded like never before. Tokens are issued based on the value an individual adds to the market (i.e. planet earth, their community, or other individuals) and therefore promote a culture of value and merit.
The insane artificial production of wealth by entities such as the FED will not have any part in this value-based economy, as printing new money doesn’t add value and dilutes those who do.
We can’t forget that tokens are programmable money. A token isn’t a strip of paper or metal, but a high-tech unit that can be programmed to do a lot of different things and be released, produced, collected, ransomed, priced, transacted, and handled only when certain prerequisites are met.
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Crypto-based Macro Economics: Adjusting, Incentivizing, Curtailing
The future of the Economy is to be tokenized, and this brings us many benefits even mainstream economists (still stuck on the Hayek vs Keynes world) will understand.
You see, one of the advantages a single-country currency like the Pound has when compared to multi-country currencies like the Euro is that it’s easy to adjust and handle — an example being the currency’s devaluation in moments of crisis.
Well, crypto has all the benefits of international multi-country currencies and all of the benefits of single-country currencies without the pitfalls and cons of those.
It’s easy to incentivize behaviors, curtail undesirable actions, and adjusting to every specific market or economy, and that’s one of the main advantages of electronic cash.
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A Self-Regulatory World: Total Emancipation
With all of this in mind, our markets and even our own individual wallets will be self-regulated, bring total economic emancipation and every liberal’s dream — a safe way to freely handle our own businesses without the need to worry about harmful behaviors, as that can be programmed out.
This is why tokenized economies will be the future — it’s a win-win… except for the ones who benefit from keeping the people behind, but we all know progress can’t be stopped.
Remember Rockefeller’s oil lamps… he tried to keep them on, and he was one of the most powerful men ever. Even so, you only see oil lamps in antique shows.
A-Coin, @CryptoBabe , Scott Cunningham- Thank you!
If blockchain networks with smart contracts and tokenization manage to change our societies to become meritocratic instead of nepotic, it will certainly be a boost for economic activity anywhere applied.