Stepping stone of cryptocurrency 3.0: Token Economy & Community Management

[RainbowKun]

It has been twelve years since Satoshi Nakamoto coined Bitcoin. He named the white paper of Bitcoin “A Peer-to-Peer Electronic Cash System”, clearly clarifying his originality: replenish the decayed financial structure and value transfer fabric of the world, putting paid to the conventional centralized mechanics that has lasted for a long time.


Bitcoin has been arresting more and more followers from the moment it showed up, and practicing the decentralized mechanism of encrypted digital currency. I witnessed the prosperity of the entire encrypted digital currency industry and experienced several chain crashes many times. To my delight, overall the number of its believers plunging into this epic campaign are inflating.


Digital currency 1.0 dominated by Bitcoin and based on currency attributes passed; 2.0 constructed by Ethereum smart contracts passed as well. Now countless people are rushing into the exploration of 3.0. What is that?


As I see it, the foundation of cryptocurrency 3.0 is Token Economy, Community Management and a series of Decentralized Autonomous Organization(DAO) based on that. They will work together to build a powerful digital Bitcoin world.


During the grope of countless pioneers in crypto field, most of them are thinking about how to remould the existing financial texture or improve cryptocurrencies on the basis of the economic and financial model for the time being. Many have the tendency to compare Bitcoin with the Internet, treating blockchain as an extension of the Internet, or an advanced version of business model nowadays on the basis of Internet innovation. Sadly, they all end up in failure.


I think crypto domain is completely incompatible with the current world because it’s a fresh system. Instead of minor amendment, it fundamentally formats and reconstructs the earth. That's crucial in the real liberation of ideology and the true accomplishment in the innovation of encrypted digital currency projects.


We don't need hijack Bitcoin and cryptocurrencies to force them to adapt to our current flawed world but to build a new world compatible with them where the most basic idea is Token Economy and Community Management, which will be used to achieve a train of DAO, symbolizing the death of corporation structure with exploitation from private ownership.


I believe the stepping stone of cryptocurrency 3.0 are Token Economy and Community Management. What do you think?

[Harriett]

3.0 is a crucial part, I think decentralization will definitely be part of the 3.0 idea.
I even think that 3.0 should allow virtual currency to have more application scenarios, such as "Meta Universe",
In 3.0, virtual currency needs to be trusted by more users, and the government slowly allows its existence.

[Aliceooo78]

I think the 3.0 era of cryptocurrency is very simple. It is to solve problems like Ethereum's congestion and the inability to achieve cross-connection interaction, or that the transaction speed will be faster and the application scenarios will be more extensive. The word itself is artificial, and i is not clearly defined. Encryption currency or blockchain is derived from consensus, no matter which level it evolves to, faster, more convenient, and safer are the ultimate goals.

[DooMAD]

I don't believe in this particular use of versioning terminology.  It's just marketing buzzword nonsense.  It has no real meaning.  People only call it 2.0 or 3.0 because they want to generate the entirely false impression that it's somehow better than the thing they've labelled 1.0 and it's all a load of manipulative crap.  All coins claim to be the "next big thing" and 99% of them disappear without a trace. 

Don't get suckered in by it.

[hatshepsut93]

DAO, DeFi, smart contracts, world computer and lots of other decentralized buzzwords - people have been talking about them for years. Where are the practical results? Show me some real world examples of a decentralized blockchain thing replacing an "old" centralized design. There is none. All that Ethereum is used for is trading and gambling. And you can only trade crypto to crypto, you can't trade commodities or stocks on blockchain, so it's useless for the world.

[DapanasFruit]

I don't believe in this particular use of versioning terminology.  It's just marketing buzzword nonsense.  It has no real meaning.  People only call it 2.0 or 3.0 because they want to generate the entirely false impression that it's somehow better than the thing they've labelled 1.0 and it's all a load of manipulative crap.  All coins claim to be the "next big thing" and 99% of them disappear without a trace. Don't get suckered in by it.

They are all hypes and yes attempts to manipulate things to their sides and corrupted convictions. While I see nothing wrong with this marketing tactics per se the problem may occur with people who can be new to the industry. I once a victim many times of many bad projects when I listened to their promises and got nothing at the end. We have to see the truth behind the smokescreens usually utilized by those who got their own personal and financial interest promoted right before our eyes. 

[leea-1334]

I think crypto domain is completely incompatible with the current world because it’s a fresh system. Instead of minor amendment, it fundamentally formats and reconstructs the earth. That's crucial in the real liberation of ideology and the true accomplishment in the innovation of encrypted digital currency projects.

I personally think it is pointless to talk about crypto 2.0 or 3.0 or whatever,,, I mean even in 2019 already people talked about Tokens 3.0 with defi and in the end it is all the same thing with new ways and different tech.

As you say, most new coins and chains are only minor amendments, nothing changes the fundamentals that Bitcoin is a timestamp ledger that is secure and that gets longer, and is not controlled by a single person. And that maybe is incompatible with the very basic principles of real life economy. But we are all using it correct?