In our case, we are talking about forms of small business in the real sector of the economy. Which are not related: with activities that require a license, as well as alcohol, casinos, speculation on stock exchanges, intimate services and any other unethical activity.
An entrepreneur or a company, along with a regular bank account, can simultaneously have accounts in the blockchain. For example, official Ethereum wallets. This type of wallet supports networks with cheap fees, such as Polygon MATIC, etc. Using tokens backed by real dollars, called stablecoins, as a currency. For example USDT, DAI, USDC, TUSD, which, in their entire history (5+ years), have not experienced serious failures.
Any national currency can have similar stablecoins on the blockchain backed by that currency in bank accounts. This gives you more freedom to own money, without blocking accounts, without bureaucracy and abuse of power.
Although stablecoins are inferior to cryptocurrencies in decentralization, they are still better than bank currencies. We get transparent accounting in an open blockchain, in which each transaction, time and address are recorded. And all this is freely available, which gives potential investors the opportunity to explore and observe the course of events in the company’s finances. All this saves time and money.
At the same time, blockchain and cryptocurrencies give us the opportunity to ensure the rights and freedoms of investors, including the right to privacy. This is another step towards the freedom of ethical business. The taxes applied today in most jurisdictions do not apply to ethical small business, as it is fundamentally different from popular ways of making money that are not burdened with ideas of benefit to society.
For example, usury assumes that the rich will get richer, and the poor will become overgrown with debts and exploited. At the same time, ethical business means the active participation of investors with their capital, fairly sharing risks and profits with the entrepreneur. That strengthens social bonds. It is important for us that a small business created in the interests of society be free from sanctions, politics, discrimination, excessive taxes, bureaucracy, etc.
Perhaps the allowable tax for a successful enterprise, in our understanding, implies from 2% to 3% of the value of assets, once at the end of the year. This is a voluntary tax that can be directed to people in distress.
I think in the future we will see even more advantages and benefits of decentralized finance, cryptocurrencies and other innovations that give people freedom and opportunities.
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