How are Metacurrencies more technologically advanced than cryptocurrencies?
They are not. Technologically they are identical to cryptos.
So how does the Metacurrency justify an overall lack in technological innovation to such an extent that it can be considered an innovation advancement?
The short answer is: by being a whole world more valuable than a standard crypto. But don’t forget that a Meta is first and foremost still a crypto — it’s just a crypto with value!
First of all, Metacurrencies are three-dimensional currencies, they are not securities. They are never securities. Securities are investment products which are 2D currencies. Metacurrencies reference 2D values but never actually conform to the characteristic currency value dimensional stereotypes those sorts of financial instruments necessarily occupy.
Look at it like this: a company has a good brand. With that brand comes two dimensions of additional currency value. In the first dimension is the company’s promotional power. This promotional power enables the company to get delayed payment schedules, discounts on orders and increased bang-for-its-buck-spent on every advertising product promotion. In other words, having a neat band makes costs lower and it makes cashflow stronger. That’s the first dimension of currency value, right there — payment benefits.
In the second dimension of currency value, a brand boosts the overall intrinsic value of the company by adding substantial amounts of goodwill to the company’s balance sheet. In addition, all the ancillary benefits of having a big brand that produce the cost savings etc. result in a much more streamlined income and once again, that boosts the intrinsic value of the company. Now, in the third currency value dimension, a brand is able to produce an actual unit of payment that in and of itself serves as a form of simultaneous product promotion and product sale.
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In other words, while the brand is able to maintain and even enhance the goodwill on its balance sheet (the 2D currency value) it is also able to use a digital asset that cost it nothing to manufacture to pay for its promotional campaigns, maybe pay its staff and a whole lot of other costs, who furthermore, are all engaged in generating sales of the digital asset in the process.
How is it able to do this? Simply, by applying its own currency to its pre-built network of supply chains so that they are all installed on its giant branded value network, the currency has instant utility. For example, Coca Cola has vending machines, restaurants, cafes supermarkets and bars all across the world who could accept the Coca Cola digital unit of payment, thus installing immediate widespread utility on the Coca-Cola coin.
At the same time, the Cola-Cola coin is connected to underlying real world value, since it obtains real products (i.e. coke bottles) at a substantial discount to cash (this discount can be subsidized by the reduction in cost elsewhere paying employees with the zero-cost of manufactured digital asset). The combined nature of the Coca Cola coin bearing real intrinsic value (the value of the digital vs. cash asset discount on retail Coke bottles) and the actual utility of payment serves to create an effect where promotional cost is eradicated while balance sheet and income statement values soar.
