Can the 'move to earn model' offered by a company like Sweatcoin, of whom are willing to pay tokens to users who have either sweated using the app while running or swimming, be a micro or macro solution to economic problems, if adopted on a large scale?
It's not a solution to anything. Microearnings have always been a waste of time. Only the poorest and most desperate people do them, and still it's not worth for them. They would have been better off spending that time on developing skills that could help them earn better money - these days you can learn almost anything on the Internet.
And even thinking about macroeconomic effects of microearnings is just funny.
I agree. In the most of the cases micro-earnings are only appealing to people who are living in very extreme economical conditions, in countries where inflation has completely ground the value of their Fiat, so they need to ding alternatives for it in cryptocurrencies and other payment systems.
For a country to succeed and see some positive changes in their macroeconomics, it is necessary to do actual investment into the education sector, into job creation and building new universities and high education institutions of all kind.
At best, micro-earnings are a temporary solution for people who seek to accumulate a bit of extra money, at the worst, it is a complete loss of time.
Though, I am not going to lie, I first I felt optimistic with the concept of move to earn, but it does not sound to be a sustainable model to do sctisl business, unleds there id dome serious partnership behind all of it, like Adidas or Nike, so those users actually expecting to get paid for sweating could get something worth their time.
Currently currency prices are almost no longer balanced, especially when the market is all affected, the presence of crypto currency is an alternative for entrepreneurs to spend their money buying several types of coins, as to maintain their foundation. If at any time there is a high jump then these coins will be able to make money. other capital besides fiat money, there are many schemes that we have to play so that we don't just watch them but have to be among them to both benefit.