Crypto market cap is $2trn currently, and has grown from nothing to where it is today with the on & off ramps that exist, and Autonomi will have access to those, plus the ability for many people to earn with a node.
Whatās the actual problem you see with Autonomiās token vs any other crypto regarding fiat on/off ramps?
Here capital gains tax replaces the other possible taxes and means I cut taxes in half. But can only claim it if you have the asset for over a year before realising it
Why would anyone pay you to do math on your computer and burn electricity? What is the likelihood that BlackRock are pouring billions into crypto because they need censorship resistance?
Everything created by humans is a matter of social consensus, since it is not a physical law.
A group of people believe in something and that gives it value.
If they stop believing, the value disappears.
14 million people use Sweat and believe that sweat generated crypto has value, yes the value is speculative but like any crypto you can do anything with it from sending it without third party permission to selling/buying it without third party permission.
The idea here is not that Sweat is something unique, but it proves the concept that getting into crypto is more and more accessible, thatās why I brought it up.
Sweat is not unique, there are other similar āexperimentsā, I drew your attention to it to show you that you lack information and therefore your statements are wrong.
In general I have noticed that few people here on the forum are open to the wider crypto world and are stuck in 2014 not understanding how much things have changed as @JimCollinson pointed out:
okay ⦠itās like collecting coins that can be spent at partners of the project
more or less some form of advertising/marketing ⦠per 1000 steps ~0.95 sweat coin with a value of ~0.007$ each - max earnings is capped at 10 coin per day if I read that correctly - so max earnings is 2.56$ per year - now that I can believe
but in the case of sweat coin weāre back again at profit - those coin have monetary value because you only can āsaveā when you spend them in partner stores ā¦
I see I didnāt do well. What you reviewed that can be spent with partners is Sweatcoin, a separate in app coin. The crypto app and coin is just Sweat. It is related to Sweatcoin in that the steps are verified by it. But Sweat is a normal crypto, you can spend it anywhere - the main token is on the Near protocol, but there is also an ERC20 token, both versions are traded on decentralized exchanges too:
Itās a conditioning exercise, so that ultimately you will be a dancing monkey and will do whatever the app says for crypto, then trade that in for real world services. If you donāt, you donāt eat, that I assume is the longer term goal, that is, once the means of doing so is a nano chip inside you to record that you are being a good dancing monkey.
Also note that not every single thing can be done from the app directly. But the app is not a custodial, you have access to the private key and you can import the private key into an external wallet from which you can trade on Near decentralized exchange without a fee and use a bridge to Ethereum (I have not checked if there is one to L2 directly).
Yes, but currently there is only 1 validator in the ecosystem - Sweatcoin, so you need to download it first:
And after a day of walking it will allow you to generate a sweat wallet in the Sweat Wallet app.
By the way Jim they have a Learn section where partners present their projects and at the end there are a few questions and you get a prize for completing the quiz. I donāt know how much money they want, but it might be a good idea to check to introduce Autonomi there as wellā¦
I see ALL crypto as the problem. Autonomi requires a 3rd party centralized exchange to survive. How can a a platform that advertises itself as an anonymous, decentralized, uncensorable network that requires a centralised entity that requires every node operator to present a passport photo to the centralised authority in order for the network to function long term. I am not saying I have a solution* but pretending this IS a solution is stupid.
(* Except to keep it as a voluntary p2p network - the more resources you contribute the more you can use the network - which would be fine for many)
Bisq does. As Iāve pointed out over and over again. Integration would give us everything we need. But aside from all the likes Iāve gotten on my posts above on this, the team ignores and waves hands.
False. You can trade Bitcoin for fiat through Bisq right now.
Remember also that Bitcoin had no on or off ramps when it started. People traded locally and some still do. There are still websites for trading peer to peer as well.
There are gray areas now, but seems they arenāt motivated to engage in developing them.
Bisq still requires your bank/visa to transfer funds to a seller. Its not anonymous and its not decentralised. Its just LESS centralised. And regulators can stop banks from processing funds for crypto at the stroke of the pen if they wish. I am actually surprised they havenāt already, its coming soon , for sure.
Depends how you use it. It is decentralized as itās peer to peer. It runs through Tor, so itās as anonymous as the particular token allows it to be.
The only way to trade with fiat and not use a bank account is to do so locally and thatās always an option for people to do.