If you could, would you like to give up control of your life in exchange for cryptocurrencies? You would be able? Alex Masmej has not doubted the answer for a second.
Today we introduce you to Alex Masmej, who on June 15 published an article on Medium where he presents “Control my life”. Yes, literally the holders of their own cryptocurrency, $ ALEX, can vote for Masmej’s next daily habit. Crazy?
Give up control of your life, profitable?
On April 12, Alex posted a Tweet announcing that his initial offer of $ ALEX had raised $ 20,000 among 29 participants.
Masmej claims not to be the first person to have a similar idea. Mike Merril was the first person to be publicly traded in 2008. Another was James Gallagher, who allowed people to choose their diet.
In this case, the particular difference is that Masmej is using tokens on Ethereum to sell itself.
The rules imposed by Masmej are that only people who have $ ALEX can vote. Therefore, $ 1 ALEX = 1 vote. Obviously, the more tokens you have the greater the power you have over Alex and his life.
According to Alex’s article on Medium, he bets that the people who invest in him wish him well because they have their money at stake. Thus, “If they are rational enough, they want their investment to appreciate.”
Now the question is, do things really work like this? We know that they could acquire the tokens not as an investment with the intention of making a profit, but exclusively for entertainment and there things could get cloudy.
However, at the time, Masmej told Decrypt “feel free to control me.”
It is worth noting that at the moment Masmej continues to have the final decision on his life. He is the one who ultimately decides whether to do the action or not, although theoretically he is committed no one can compel him.
There is also an interesting detail and it is how you can make sure that you complied with the actions voted. You can send photos as evidence, but no one monitors you at all times. (For the moments).
Alex ensures that the idea is that his investors trust and believe in him. In fact, in an interview with CoinDesk, he assured that his reputation is at stake.
However, despite the risks, Masmej says that his motivation lies in his desire to change the world by building a profitable company that has a positive impact.
In fact, the proceeds from April were used to travel to San Francisco, where he plans to start his technology company.
And you? Would you be able to relinquish control of your life in exchange for cryptocurrencies?