The potential of decentralization 

The potential of decentralization 

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Not too long ago I wanted to sign up for Robinhood from South Africa. I couldn’t because it is not available in SA. It was when I was in United States that I could sign up. Compare Robinhood to Binance which allows everyone all over the world to participate. Which one do you prefer. Obviously Binance. On Binance everyone can buy Bitcoin, a digital and decentralized asset. Many in the Bitcoin community including myself view Bitcoin as a saving technology and generational wealth asset that you should hold for a very long time if you have not yet made up your mind to hold it forever. Another reason why I like Bitcoin is because of its role in advancing financial inclusion and decentralization. In her article titled “Decentralization will shape the future of humanity” Dara Albright wrote that “decentralization made possible by blockchain innovation will gradually permeate into every facet of society including finance, business, media, entertainment, governance, education, economics and more.” I do agree with her. Do you? Apart from Bitcoin and other cryptocurrencies, decentralization as well as digitalization have enabled the creation of a new economic system, called Participate-2- Earn Economics which allows individuals to be rewarded for participating in routine activities such as learning, recommending products to friends, viewing video content or shopping. Two examples of projects based on this system are Health Hero and Worthy Financial. Health Hero is an innovative Health – 2- Earn company that incentivizes users for staying healthy . While Worthy Financial is a novel Shop-2-Earn fintech company that enables its users to earn a fixed 5% annual return by investing their spare change – accumulated via Worth’s round-up app-into real estate projects. However nowhere is this system advanced than in the gaming industry. Users get to play a game and at the same time earn cryptocurrency while enjoying the game.

In 2021, I wrote a book titled ‘The fastest road to riches, creating wealth with Bitcoin and blockchain assets.’ The book is a product from my research into the potential of decentralization. If you need coaching on how you can unlock your wealth-building potential and successfully invest in decentralization particularly, Bitcoin, don’t hesitate to contact me. Mind you, ‘it is simple to understand and difficult to master’; having a coach will make it easier for you to master! 

Tosin 'Badeniyi, PhD

Tosin 'Badeniyi, PhD

Tosin ‘Badeniyi, a Professor at the Department of Biotechnology and Food Science at Durban University of Technology, South Africa, holds a doctoral degree in Food Science from University of Pretoria South Africa. Since 2001, he has conducted research and lectured internationally in the area of food quality and safety. He is the editor of Food Science and Technology: Trends and Future Prospects and has published numerous scientific publications as well as four inspirational books.

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