Cryptopia

The internet was once <a href="https://e27.co/why-blockchain-isnt-a-fad-20221004/" rel="noopener noreferrer nofollow">considered a fad</a>. Now skeptics are saying the same thing about the blockchain. The same goes for cryptocurrency, which many still scoff at and consider a scam. To them, it’s unthinkable that cryptocurrency could ever be considered real money, or one day replace fiat.If they knew their history, however, they would know that the concept of money has changed throughout human civilization. Once upon a time, barter was the main system for paying for goods and services. Then, humans started using cattle and other livestock as a form of money, before <a href="https://www.pbs.org/wgbh/nova/article/history-money/" rel="noopener noreferrer nofollow">moving on to cowrie shells</a> and other objects, and later coins.What’s even more fascinating is that once upon a time, people were as skeptical of paper money as those who are now criticizing cryptocurrency. After all, coin money had tangible value in the form of the metal used, but why would <a href="https://www.youtube.com/watch?v&#61;-nZkP2b-4vo" rel="noopener noreferrer nofollow">paper notes</a> be worth anything?We know, however, that paper money revolutionized the banking system and changed the face of finance forever. It’s not an exaggeration to say that modern society would not have been possible without the financial system that cash created.Now, blockchain technology and decentralization are poised to transform society just as thoroughly. Blockchain, the technology behind cryptocurrencies like Bitcoin, provides a <a href="https://coinmarketcap.com/community/articles/63d24c5ba9264e32947574a8/" rel="noopener noreferrer nofollow">revolutionary solution to world problems</a>. Not least of all financial inclusion, as most of the world’s population still remains unbanked and underbanked.Decentralization involves not just a change in technology, but also a change in mindset. With the <a href="https://www.forbes.com/advisor/investing/cryptocurrency/digital-currency/" rel="noopener noreferrer nofollow">rise of digital currency</a>, society must look at money and what it values in a new light.“Digital currency is any currency that’s available exclusively in electronic form. Electronic versions of currency already dominate most countries’ financial systems. What differentiates digital currency from the electronic currency that’s already in Americans’ bank accounts is that digital currency never takes physical form.“You can go to an ATM right now and easily transform the electronic record of your currency holdings into physical dollars. Digital currency, however, never leaves a computer network, and it is exchanged exclusively via digital means.“There are three main varieties of digital currency: cryptocurrency, stablecoins and central bank digital currency, known as CBDCs.”While it’s become an urban legend that Satoshi Nakamoto created Bitcoin in response to the 2008 financial crisis, this was not the case, as he started working on his <a href="https://bitcoin.org/bitcoin.pdf" rel="noopener noreferrer nofollow">famous white paper</a> in <a href="https://www.coindesk.com/markets/2021/01/24/crypto-long-short-no-bitcoin-was-not-a-response-to-the-financial-crisis/" rel="noopener noreferrer nofollow">early 2007</a>.“The confusion is also potentially damaging to the Bitcoin narrative.“Why? Because it misrepresents the intentions of the army of cryptographers that had been working on a decentralized electronic cash solution for decades. It diminishes the bigger picture.“Satoshi was not reacting to an event, just as those on whose shoulders he stood weren’t planning for a specific circumstance. They were all trying to solve the fundamental issue of financial sovereignty.”The metaverse game and virtual city-state Cryptopia, which is built completely on the blockchain, is not only a firm believer in financial sovereignty, but also has a backstory involving the pseudonymous inventor of Bitcoin. Namely, as the author of a mysterious second white paper that becomes the <a href="https://coinmarketcap.com/community/articles/63d7726487181d5515e4e057/" rel="noopener noreferrer nofollow">foundation for the creation of Cryptopia</a>.To be clear, this is a fictional white paper that forms the basis for the lore of Cryptopia the game. It predicts that the world is due for an economic collapse due to its reliance on fiat currency, and so proposes a new society in Cryptopia.This is how the game itself mirrors the real world, and becomes a model for the decentralized future. Think of it as a proof of concept that it’s possible to create a society based on the blockchain.Within the game, Cryptopia makes use of its own digital currency called <a href="https://cryptopia.com/tokenomics/" rel="noopener noreferrer nofollow">Cryptopia token</a> (TOS).“The TOS supply is capped at 10 billion and released over time as quest rewards. Players are incentivized to reinvest their earnings in businesses and character advancement, potentially leading to a growth in demand.”Of this 10 billion, the largest part is reserved for the game, with 40% (4 billion TOS) waiting to be unlocked in the game and claimed by the players.Tokenomics is what separates Cryptopia and other blockchain games from traditional ones. Gamers have become used to spending a lot of money on games – whether it’s the actual game, in-game items like skins, expansions, and so on – without owning their characters or any of these items.<a href="https://coinmarketcap.com/community/articles/642271c77693e165e3450f5f/" rel="noopener noreferrer nofollow">GameFi is exploding</a> because it combines the passion players have for games, with the financial incentives of owning digital assets and being able to earn from them. Unlike in traditional games, where, say, the gold your character earns is only valuable within the game, in Cryptopia you get rewarded with TOS when you complete quests or get paid for a job by another player. Since TOS is the in-game currency, you can use it to buy NFT items in Cryptopia, and even convert it to another cryptocurrency or fiat in the real world.So, will cryptocurrency <a href="https://youtu.be/2f3iOo0yxTo" rel="noopener noreferrer nofollow">replace fiat</a> anytime soon? Maybe not in the near future, but cryptocurrency is definitely becoming mainstream. To the point that banks are scrambling to have a say over the <a href="https://www.afr.com/companies/financial-services/race-on-major-banks-play-their-cards-on-the-future-of-money-20230119-p5cdwy" rel="noopener noreferrer nofollow">future of money</a>.“Banks have been slow to respond. In part, it’s an example of the innovator’s dilemma, the term coined by Clayton Christensen: incumbents earning big profits from traditional processes find it hard to innovate in ways that disrupt their status quo.”“But major lenders are realising the blockchain, despite its teething problems, can improve on legacy banking systems and processes. The benefits include near-instant and free settlement of transactions.”Cryptopia is a vision for the brave new world. Proof that the revolution will not be televised, but played online.—————————————————————————————————————What is Cryptopia? Cryptopia is an upcoming blockchain game that stands out by design: • Free to earn: everyone can play and earn. No need to buy an NFT first • 100% decentralized: the game runs on the blockchain in combination with a node network • Fun to play: play the way you want!Official Links [Website] <a href="https://cryptopia.com/?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com</a> [Wiki] <a href="https://wiki.cryptopia.com/" rel="noopener noreferrer nofollow">https://wiki.cryptopia.com</a> [Discord] <a href="https://discord.com/invite/cryptopia" rel="noopener noreferrer nofollow">https://discord.com/invite/cryptopia</a> [Facebook] <a href="https://www.facebook.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.facebook.com/CryptopiaOFCL</a> [Twitter] <a href="https://twitter.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://twitter.com/CryptopiaOFCL</a> [YouTube] <a href="https://www.youtube.com/&#64;CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;CryptopiaOFCL</a> [Instagram] <a href="https://www.instagram.com/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.instagram.com/cryptopiaofcl</a> [CoinMarketCap] <a href="https://coinmarketcap.com/community/profile/Cryptopia" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/profile/Cryptopia</a> [Twitch] <a href="https://www.twitch.tv/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.twitch.tv/cryptopiaofcl</a> [Spotify] <a href="https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE" rel="noopener noreferrer nofollow">https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE</a> [Telegram] <a href="https://t.me/cryptopia_ofcl2022" rel="noopener noreferrer nofollow">https://t.me/cryptopia_ofcl2022</a>For Investors [Private sale] <a href="https://app.cryptopia.com/privatesale-entry?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com/privatesale</a> [Early-access NFTs] <a href="https://app.cryptopia.com/early-access?ref&#61;CMC" rel="noopener noreferrer nofollow">https://app.cryptopia.com/early-access</a> [Cryptopia Roadmap] <a href="https://sharing.clickup.com/24415847/b/q93k7-827/board" rel="noopener noreferrer nofollow">https://sharing.clickup.com/24415847/b/q93k7-827/board</a>

Decentralization, Cryptocurrency, and the Future of Money

Cryptopia

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Decentralization, Cryptocurrency, and the Future of Money

Cryptopia

发布于 2023年4月28日 的其他文章

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订阅我们免费的电子期刊，获取每日最新加密领域动态！

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