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# System prepended metadata

title: Brazilian Football Crypto Economics Systems

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# Brazilian Football Crypto Economics Systems

## Introduction

A currency, as far as we know, is not other thing than a medium of exchange for goods and services, which since 2009, year in which the first bitcoin was minted, was mainly issued by governments and central banks. Satoshi Nakamoto's [whitepaper](https://bitcoin.org/bitcoin.pdf) release means a disruption as or more significant than the invention of the printing press or the internet itself, due to the "simple" fact that it allows to displace the trust from traditional monetary authorities to decentralized computation infrastructure.

{%youtube r43LhSUUGTQ %}

The Open Source nature of Bitcoin is allowing thousands of organizations and communities in general to innovate in the creation of new and ad-hoc cryptocurrencies, allowing markets and industries to explore and discover new market niches and opportunities just by the fact that now we can see [Money as a Product](https://medium.com/@BlockchainOpenL/the-rise-of-the-economies-as-a-service-e6e6daa214d1) rather than a commodity monopolized by the state. Emerging networks like [Ethereum](www.ethereum.org) or [Cosmos](https://cosmos.network/) are improving the blockchains (underlying technology of Bitcoin and other cryptocurrencies, see video above in case you are not familiar with the term) in order to enable cryptographically trusted frameworks to allow developers and entrepreneurs to design and deploy their own crypto-economics ecosystems which are generally self-organized around a self-determined supply of tokens, which can be intended as cryptographically secured units of accounts that serve as a proof of value to incentivize individuals behaviours towards a common goal or purpose.

> Purpose-driven tokens incentivize individual behavior to reach a collective goal or a common good
> [name= Shermin Voshmgir - [Token Economy](https://medium.com/crypto3conomics/purpose-driven-tokens-51334d278c32#:~:targetText=Purpose%2Ddriven%20tokens%20incentivize%20individual,externalities%20to%20a%20common%20good.&targetText=Individuals%20are%20hereby%20rewarded%20with,public%20goods%20or%20common%20goods.)]

The appearance of new forms of money in the form of cryptocurrencies is directly challenging the conceptions and definitions that markets has around currencies. Although the economical cannons teach us is that money is a unit of account, a medium of exchange and a store of value; we can define it as well as a collective belief system based on a reliable accountability system. Euros, USDs, Brazilian reals and whatever fiat currency are considered valuable money just because a community that shares determined geographical extensions believe so, so these can become the epicenter of the economical life of the countries that adopt it.

With cryptocurrencies thought, the bonding element that raise trust on its value goes beyond physical frontiers. Bitcoin, Ethereum, Dash, Cardano, Z-Cash, and tens of others currencies (actually they are thousands of themes, but the big majorities are cheap forks or copies aka shitcoins with low or none added value which creators often launch to fool people and gain money out of nothing)  are not only competing in the realm of technology, development, or even economical philosophies, they are mainly competing in the realm of believings, purpose and visions. Motos like "Don't Trust, Verify" are used by the Bitcoin community to promote their advantage over fiat currencies with relies on trust on governments (either we are talking about Swiss or Venezuela) without realizing the value of their bitcoins actually relies on the trust of people who buy it and hold it. Trust is not being eliminated from the money equation, it is being displaced from centralized vulnerable agents to decentralize and robust networks.

![](https://i.imgur.com/9jTi5Y7.jpg)

In fact, the main thesis of Austrian school economist, starting by Friedrich Hayek by his work on [The Denationalisation of Money](https://nakamotoinstitute.org/static/docs/denationalisation.pdf) is that competitiveness among currencies in the same territory will add efficiency to the overall financial system so nations can then reach a better equilibrium in the economical wealthnes of their populations. The key issue to reach such level of wealthness and stability, according to Hayek, resides in making mass adoption to improve their macroeconomic performance.

In markets that are still very virgin as regards the mass adoption of forms of money (actually, all of them) as the Brazilian itself, where on top of that there are already deep elements that bond +100 millions of people under the same bonding passion as the football can be. It becomes extremely necessary to explore the opportunities in designing, developing and deploying a Brazilian Football Crypto Economic System bonded with a Token which value will not only be backed by the advancements of technologies that are already available for us, but by millions of passionate people willing to gain economical sovreignity for themself and their football teams by participating in an new and advance financial system where they will not only be allowed to commerce with the traditional products and services existing in the football industry, but to openly innovate with new and automatized ways of transacting and to digitally, and economically be engaged with their beloved football teams.