Review on Communitycoins by LUIS RIVERO R
Multiple currencies according to your location.
Under the premise of promoting the community and decentralization, it basically seeks to recognize each of the aspects that make each area unique, and this can provide particular characteristics to this project.
It is not a cryptocurrency, what is sought is to promote a decentralization of digital assets. Also make an independent economy and that cryptocurrencies are really applied to the real world.
Now, you can create a utopia of assets that represent each community and are also connected as a reference with others, perhaps it is possible. Since in a certain way the global economy works many currencies but only some serve as a reference, it also seeks to avoid the centralization of capital by using a single asset.
Pros
- Community support
- Equality is sought in the possibility of using cryptocurrencies.
- It all depends on the people and their commitment.
Cons
- Little recognized, it is also a complicated project to fulfill since there are companies with a lot of economic power in cryptocurrencies.
New products
Comments (3)
December 11, 2020
Probably nobody realizes that the old economy is pouring into cryptocurrency where it gets stuck in the top of the original pyramid. In the mean while there is a lot of free space on the bottom where communitycoins are just waiting for clouds in the top to build (bloat), become charged and start to rain, nourishing "the little recognized".
December 11, 2020
Each individual community is little recognized (a minority by definition) but each has its own strength, the sum of which is potentially a significant global force. An asset-class that is rooted in real communities is less easy to hijack by economic powers than a single asset and easier to reach by individuals that are part of those communities.
December 11, 2020
Thanks for getting your head around communitycoins. You got it quite right. A community is not part of an utopia though. Communities are very real although the geographic boundary may be arbitrary. Their blockchain founders are real too. Although they operate from their own shell, they share a common ground and through communitycoins they endorse that. That is what makes it an asset-class.
