Haha ok this might need some explanation. I was thinking about token controlled access last night and how with the music project, artist will be able to offer perks to anyone that holds their respective artist tokens.
If you have 10 tokens you get 20% off all merch and music. if you have 50 tokens you have 50% off, 100 tokens and everything is free, 150 tokens are you are a VIP member, you get to go to concerts, you can see new stuff early, and have access to the classic showercam ^^
Now I started thinking about big businesses using this concept. I'm sorry if this subject was covered to death already but I've been a bit busy with the Music project these past months!
So anyway, big firms, yeah. Imagine an insurance company that uses this principle. The firms has it's regular price for medical insurance, says 100$/month. But token holders get a discount. Say 1 token = 1% discount on your premium. People would no doubt like to have free health insurance and so people might scramble to get 100 tokens. This means TONS of capital flowing into that market. You essentially opted in to "universal healthcare" no monthly costs, just buy and hold. Whenever you are moving abroad or switching companies, you can actually sell your coverage. a satoshi at a time if you want. There would be a market value for your insurance tokens.
It doesn't have to be one size fits all either. Smokers might need 110 tokens to be covered, if they stop smoking, it's back to 100, they can then sell off 10 of their tokens on the market to whoever wants health care discounts.
So that lead me to blockchain communism lol
What if a company called communism inc. basically did this. If you hold our "Communism INC token" you get taken care of.
You have x tokens, you get 10% all health insurance, public transportation, grocery store bills, etc.
If you have y tokens, you get 50%.
And of course if you have z tokens, you are part 100% taken care off and so are you spouse(s) and kids.
This btw is pure brainstorming. Holes everywhere I know but let's pick everybody's brain here.
Say you had a DAC that did something like this.
I don't know how it would work but it's an interesting thought.
I wonder how the economics would work. Say everyone wanted 100% health coverage. It would make the tokens skyrocket for sure, and I'm sure those that are healthy would probably cash out instead of keeping all those tokens while in real good health. It would be a mechanism to see who wants health care the most. A kind of rationing system for scarce ressource.
Now one thing I haven't thought through at all is the income of that company. If everyone just buys the token, how does the insurance company make $? Sure their market cap is going through the roof but how are they paying off the bills.
I think that's where dilution comes into play. If the company is a DAC or plugged to a DAC, it could dilute and sell some new tokens on the open market to fund operations.
Anyone want to take it over from here? I'd love to see a discussion about this. I must be missing something!