Companies will start using crypto as a way to recreate what scrip was back before it was banned. Meta made a play for that a few years back but luckily they failed.
Depends on the implementation, you can make contracts do anything, and if the bulk of the currency is premined and in the hands of the corporation, they can manipulate its value freely. Not every cryptocurrency works the way Bitcoin or Etherium work, some are quite centralised (see XRP for example).
Meta could demand that ads on its platform are paid in metabucks, pay employees (partly) in metabucks and manipulate the market by controlling liquidity. Essentially they’d be their own sovereign corporation issuing its own currency.
Next they will start issueing company scrip, then a company town around the YouTube mines.
Companies will start using crypto as a way to recreate what scrip was back before it was banned. Meta made a play for that a few years back but luckily they failed.
Say what you want about crypto in general, but it’d be an extremely bad choice for company scrip…
Depends on the implementation, you can make contracts do anything, and if the bulk of the currency is premined and in the hands of the corporation, they can manipulate its value freely. Not every cryptocurrency works the way Bitcoin or Etherium work, some are quite centralised (see XRP for example).
Meta could demand that ads on its platform are paid in metabucks, pay employees (partly) in metabucks and manipulate the market by controlling liquidity. Essentially they’d be their own sovereign corporation issuing its own currency.
Paddy’s dollars.