I just became a registered human courtesy of Humanity DAO.
Humanity DAO allows you to get $1 (1 Dai stablecoin) per month by getting voted into a registry of unique humans. It’s live on the Ethereum mainnet.
It’s like if some guy opened his own DMV and I just got a license from Some Guy’s DMV. (DMV is the Department of Motor Vehicles, where Americans go to obtain driving licenses.)
But rather than standing in line for hours, I clicked a couple buttons in my browser.
And the approval process for Some Guy’s DMV gets smarter as more people register.
Some Guy’s DMV received my application fee and later paid me 1 US dollar (1 Dai stablecoin) without needing permission or tools from any third-party payments company.
Plus my application fee was paid in a new currency Some Guy’s DMV created expressly for this purpose.
The DMV was able to sell me some of their new currency at market price without either of us needing a third party marketplace.
And my license at Some Guy’s DMV can never be used without my permission — it’s his DMV but my license.
Moreover some gal can open her own DMV and automatically import all licenses from Some Guy’s DMV without needing permission or tools from Some Guy’s DMV or anybody else.
Oh did I mention Some Guy’s DMV is borderless and couldn’t care less where you’re from? You can get a license whether you’re from Canada, Zimbabwe or Antarctica.
I love the future.
A few thoughts
- It’s increasingly difficult to take seriously anybody who still thinks cryptocurrency is just for gambling and criminals or just a toy.
- What does this even look like at scale? Something very special. Maybe a bit like the proliferation of open source software over the last fifteen years but for live financial components. It reminds me of the particularly intense competitive pressures and rapid pace of change in front end development.
- It’s going to be very interesting when Some Guy’s DMV becomes Estonia’s DMV or Facebook’s DMV.
Source: https://tokeneconomy.co/thanks-for-the-1-5ce58c14e0bf?source=rss—-fbbd350c08fc—4
