Post
Topic
Board Economics
Re: Play to earn model vs move to earn model.
by
foxymethoxy
on 19/04/2024, 14:55:30 UTC
It is of course not as it used to be before when the talk of cryptocurrencies or the Blockchain network was a myth and everyone including me, wanted nothing to do with it, because it felt like a Ponzi scheme or the subject of cryptocurrency was just too complex and incomprehensible to understand.

How can they say money is invisible and decentralized and it can hardly be tracked and it can only be available online and has the same purchasing power as the fait we have grown accustomed to from birth; this was my thoughts until now having known better and understand to the point where I can say that in this world currently, the cryptocurrencies exchanges and the decentralized network use a 'play to earn model' which is different from the 'move to earn model' that apps offering same prices and rewards in tokens like Sweatcoin among others use.
This is the business strategy for most emerging and upgrading technology companies that have been created sinçe and before the bloom, acceptance, regulation and advancement in cryptocurrency and its investment.

Which model has been more beneficial to you, when you think of investing time and resources to earn a passive income?

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?

Or would this 'move to earn model' just follow its hype and fade into existence leaving cryptocurrencies to be the only better innovation that is much more helpful to the economy?

Your thoughts are welcomed!


When you make everything a job we all become less free, not more free.

What something like the sweatcoin idea does (I recall hearing about it because I did some surveys asking if it sounded good as an incentive to exercise) is actually gamify some mundane task, rather than create any economic fluidity. It also is highly optimistic and prone to abuse, and if you do not immediately start thinking of ways to abuse the system, then you are very naive and likely holding a bag or two, respectfully. This goes for most systems like this. It stops being fun or valuable as a tool and becomes a minmax effort.