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The New Financial Model: Inclusion by taskmaster4450

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· @taskmaster4450 ·
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The New Financial Model: Inclusion
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[![](https://ipfs-3speak.b-cdn.net/ipfs/bafybeia7dywimr2w4odjlqti3ggmk2kd4k4zybcloxgde7aojrw4y525iu/)](https://3speak.tv/watch?v=taskmaster4450/hjjacgkp)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/hjjacgkp)

</center>

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Our present system is exclusionary.  This is something we know about the financial entities we deal with.

In this video I discuss how we are creating something completely new and this is about more than just the unbanked.  It is about those who are not in a position to own assets because of their financial circumstances.  This is a problem that cryptocurrency does solve.

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▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/hjjacgkp)
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@ai-summaries ·
**Summary:**
In this video, Task focuses on the flaws in the current financial system, noting its exclusionary nature which leaves billions of people worldwide unable to participate or benefit. He criticizes the cryptocurrency space for mirroring this exclusion by primarily catering to those who can afford to buy tokens, leaving many regions and populations out. Task advocates for a more inclusive economic model where individuals can earn cryptocurrency through various activities, such as gaming, social media, or bounties. He envisions a future where DeFi services enable broader access to financial opportunities, particularly in underserved regions like South America, Central America, Southeast Asia, and Africa. Task emphasizes the potential for cryptocurrency to transform lives by allowing people to accumulate assets that could appreciate significantly over time.

**Detailed Article:**
Task starts by highlighting the exclusivity of the current financial system, noting that even individuals with access to banking services often lack the means to benefit from them. He points out the parallel exclusion in the cryptocurrency space, where acquiring tokens typically requires purchasing power, leaving a vast portion of the global population unable to participate. Task emphasizes the need for a more inclusive economic model in cryptocurrency that allows individuals from all backgrounds to improve their financial situations.

Task brings attention to the financial disparity in different regions, mentioning Nigeria, China, India, Venezuela, Brazil, Argentina, and various parts of Africa, where a significant portion of the population may not have the means to invest in traditional financial instruments or cryptocurrencies. He stresses the importance of reducing barriers to entry in the cryptocurrency space to enable broader participation, especially from underprivileged areas.

Furthermore, Task advocates for shifting towards a system where individuals can earn cryptocurrency through activities like gaming, social media, bounties, and other community engagements. He sees decentralized finance (DeFi) services as pivotal in providing financial opportunities to those who were previously marginalized from traditional financial systems. Task envisions a future where people from regions like South America, Central America, Southeast Asia, and Africa can benefit significantly from cryptocurrency by accumulating assets that appreciate in value over time.

Task contrasts the narrow focus of some in the cryptocurrency space who are primarily interested in financial gains with his vision of using cryptocurrency as a tool for widespread empowerment and poverty alleviation. He underscores the potential for significant financial transformation by holding onto cryptocurrencies that experience substantial growth and advocates for a more inclusive network effect that benefits a larger demographic.

In conclusion, Task calls for greater attention to the transformative potential of cryptocurrency in empowering individuals globally and stresses the necessity for a fundamental shift towards a more inclusive and accessible economic and financial model. His insights emphasize the importance of broadening participation and creating opportunities for wealth creation in underserved communities through cryptocurrency.

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*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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