Token creation and the generation of trust
I remember when I was younger I used to like a game online that was about throwing a pair of dice and advancing to different steps while getting ahead of the other competitors. As such, it was evident that being an online game I did not choose the number my dices gave me, I couldn’t tell if it was more convenient to me or my adversary in the game, yet it wasn’t either the result of pure luck as it is when you actually throw the dices on a real table but everything was the responsibility of the game itself. Sometimes I found myself angry because the algorithm seemed to favor others more than me and it was impossible for me to know if there was some cheating going on with the members who had verified accounts or special plans in comparison to me since I didn’t pay anything.
For most things and not only for games we are forced to believe that whatever system we are participating with hasn’t been tempered. But the truth is that we never really know, whether we are playing a game online and wishing that the algorithm is really made to be random or if it favors some people in particular, or whether we are paying for something and wishing that the system is being fair with us as it is with others, if we are paying the right amount or if there is cheating behind it all.
Blockchain and the generation of trust
We have said it many times since this year started, that trust is not something to bargain for and we need it as an absolute value to create strong businesses and reliable systems to serve mankind fairly and securely. Blockchain for instance, beyond offering the possibility to transact using cryptocurrencies or a sort of digital coin it is a system made to ensure that what is happening for you is happening for everyone in the network just the same. Since we all have equal participation and we all contribute to the functioning of the blockchain, we all share a position of trust independently of external factors such as money favors, preferences, or cronyism. “Token creation through MintMe is a way of promoting self reliability and trust.”
Even for common life things such as politics, are we ever sure the results are fair? In more corrupt countries where the politicians are known to be hard players, people lack proof of what is happening, and there is no system to make them feel reassured that their desires are being respected within a more democratic method supported by elaborated technology. Blockchain could in this way incentivize people to participate if they grow in trust.
Token creation and security
There is a very famous TV series called Mr. Robot about a hacker who pretended to become a social hero by tempering with all sorts of computational systems: police, hospitals, buildings, even jail. While I watched the movie all I could think was that such a thing could have never happened with blockchain technology. To think that in the series (even though it is fiction) they could easily mess up with security systems through a one-sided connection from the commodity of a secret office. Whether somethings were possible or really just fiction is not to tell, but what it is the truth is that even now systems are constantly attacked by hackers and most of the time it is to simply “change something”
In other words, when a hacker irrupts into a system it’s not always meant to be a huge scandal but sometimes they are just looking forward to modifying things to favor people or to steal personal information. In terms of security once more people are realizing that blockchain technology is a step ahead of other systems used today to share and save information. “Since we all have equal participation and we all contribute to the functioning of the blockchain, we all share a position of trust independently of external factors such as money favors, preferences, or cronyism.”
Overall cryptocurrency transactions are dominating the market because they have shown to be reliable more than fiat currencies. Their bast utility and their current acceptance in the market has opened the doors to even more opportunities and development. Such is the case of token creation (minting) and the possibility of creating our own coins as means of monetizing our projects or extending our market possibilities by reaching people from all over the world, allowing them to pay for our services or creations easily without the need of a bank account or much paperwork.
Hence, token creation through MintMe is a way of promoting self reliability and trust not only in the level of money transactions but also in the way people perceive the systems as reliable and are encouraged to try new projects and develop new ideas based on an elaborated method that can’t be tampered or corrupted.