Cryptocurrency | Imagination for the future world

The development history of coins, from barter, shell coins, metal coins, banknotes to current fiat cash, and blockchain technology has created applications such as Bitcoin, Ethereum smart contracts, Defi, NFT, DAO, etc. Development is like the application and evolution history of the Internet and mobile phones. Perhaps there are still many difficulties in replacing fiat currency with existing cryptocurrencies. Governments may not accept it, but the trend continues to advance like a torrent. in public life.

so imagine

Let each country create its own chain and issue the legal currency on the chain (hereinafter referred to as "national chain currency") . The currency exchange mechanism is similar to the current foreign exchange transaction, and its currency price depends on the overall economic power of each country (EX: GDP, trade surplus and deficit, liquidity...).

As for the conversion of ID cards, passports, land deeds, ownership certificates, etc. into NFT issuance for all owners to hold, except for the properties of identity representatives, other NFT holders can trade or lease through trading.

As long as the people across the country reach the stage of adulthood, they will be promoted to the status of national verifiers and have the qualifications for referendum. However, in order to avoid direct democracy affecting administrative efficiency, the verifiers have different power classes, but they must be based on the public opinion of the people. : Each ri, county, city, district, and central administrative unit, such as DAOs of different sizes, each DAO has the highest voting power, the right to be responsible for service management, and the public opinion of the people on the DAO. In exercising the obligation to vote or voice proposals, if the people find that the right holder has violated public opinion, they can be impeached and replaced, and they must bear the relative responsibility for the violation.

It is like the administrative execution method of today's democratic countries, but it is entirely constructed on the blockchain, so it is open and transparent and cannot be easily tampered with. For example, when an infrastructure project is established, the source of the required funds will be recorded, and the whole people Can be supervised.

Is such a world running through blockchain technology feasible? Is it half a metaverse 😝, although there should be a long way to develop technical breakthroughs, but the current concept of DAO, I think it will be very interesting and rich in application, when it can be applied in daily life, for Could greening and reducing the consumption of the earth's resources be more helpful? Hopefully in a decade or two there will be a chance to see a more evolved world.

I am a Talf house, sharing my life experience, learning, reading and other experiences through text. Keep it for yourself and for those who are interested, thank you for reading.