Coin creation: The economy of the future

Sep 25, 2020
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Without further adieu, what does it mean to create my own money? It can seem like a really bad or even laughable idea when you see that the usual system has told us that the only money that it’s worth is the one that the banks and the government has created and printed. The truth is, that this is a very convenient way of thinking for those who want to keep the power all for themselves. Being able to print all the money they want expecting the market to accept it as it is, whether it really has value for people or not, when to begin with, money has the value people want it to have cause it serves a purpose of exchanging value, products, and services.

“Even though their governments had created a fictitious economy by printing more and more money, people have still changed their fiat money to start using crypto for a simple reason: it is useful for them.”

People are in power of the meaning of value

At the beginning that is what money was, in essence, it was all about what people could do with it, for example in the past any products were paid with salt when salt was a very valuable good due to the distance, difficult transportation from the sea, and because of its capacity of preserving food. At the time you could have told someone to accept gold in exchange for something and they would have told you that you were crazy. The only reason why people changed to smaller presentations of money (such as coins or paper) was that it turned out to be useful to continue to buy salt (or whatever they needed), in other words, the essence was still there, because we choose its value in accordance to its usefulness on the particular markets, even if the government says that the money they have printed is the one that has the value you might find that it's not the case all the time.

Such is the case of the many Latin American countries and even more recently African countries which are under extreme economic crisis. Even though their governments had created a fictitious economy by printing more and more money, people have still changed their fiat money to start using crypto for a simple reason: it is useful for them, which is what ultimately gives the cryptocurrencies value in the market, and people use them to exchange for goods and services on their own accord, just like with salt.

The future is calling us to make a difference

Even more now, since the technology advances, people are going way deeper into the concept of money, with the use of internet digital coins became a thing and now its possible thanks to the blockchain for people to create their own payments systems and even mint their own money. Coin creation is a whole new concept that some people still find a bit too much. But this has been the answer people has found to make living better, once again because of the utility it has

“MintMe is a place for coin creation which means that its a place where you can mint your own money and build an ecosystem based on blockchain technology.”

Coin creation means that any person around the world just with the use of the internet can start their own ecosystem to pay and receive payments, selling products or creations. MintMe is a place for coin creation which means that its a place where you can mint your own ecosystem based on blockchain technology.

Tokenization is another important concept aligned to the world of token/coin creation. tokenization means that you can give your products, services or creations a significant value and put it in the market in the form of tokens. This can allow people to purchase your creations easily, faster, and more secure than before, since transactions are all made through the blockchain, even allowing smart contracts and being able to transact properties from one person to another when required without fail. It is also a way to keep the money working since it all depends on demand and supply. Better said: people are behind the working system, keeping the value and making the economy progress

“There are many studies carried out in recent months that show a change in consumer behavior and buying habits. The effects are diverse, this can be seen in all sectors, not only people have become digital, but they are also jumping out of the common money systems and embracing a new economy, the crypto economy and the tokenization movement”.

We have always made fun of how people talk about having a machine to print the money, but anyone who hears this phrase has to recognize that’s very seductive. The possibility of printing your own money is, of course, frankly attractive. Who doesn't feel like it? Robert Kiyosaki also wrote, in several of his books, the expression "become your own bank” and he is not alone: Tony Robbins also talks about creating your own money machine. But the fact that something like this is possible, isn’t a vivid proof that the economy is changing? This is now the economy of the future.

We’ve also got to admit that present circumstances have pushed us to try new things, the experience of living in a world threatened by a virus leaves no one indifferent. There are many studies carried out in recent months that show a change in consumer behavior and buying habits. The effects are diverse, this can be seen in all sectors, not only people have become digital, but they are also jumping out of the common money systems and embracing a new economy, the crypto economy and the tokenization movement