Decentralizing the economic discussion

in LeoFinance6 months ago

This morning, I spent a few moments chatting with a colleague over a cup of coffee about the risks and potentials of both centralized and decentralized media. He was saying how he would like to be able to directly support podcasts he listens to, but he listens to so many that it is economically nonviable for him to do so, which is essentially why the advertising model has the world by the balls.

Once a platform has their monetization hooks into a contributor, there is very little that person can do as to lose the support of the platform means to lose access to the audience they have developed over time, through a lot of effort. It isn't easy to just pack up and leave to another place.

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But, while I was explaining the way it could be handled through decentralized communities like Hive, inflation pools and interfaces targeted to niche communities like podcasters, we extended into the economics of it and how the centralized platforms themselves are starting to opt into the new economy - Square, Google, Microstrategies etc - the list is going to grow rapidly.

What was interesting was that while going through this discussion that he and I have been having for several years, his eyes started to click into focus and see what I have been talking about. Recently, he started using Twitter for his news feed and reading some of the conversations - quickly identifying how the social dynamics are in play and the risks involved, where people are leveraged and polarized to create the discussion. He also has been paying attention to the risks for those that step "out of line" and how they are punished socially and economically for indiscretions, which these days means saying something the masses don't want to hear.

As I was explaining how the shift in economic leaning from the old to the new will create instability in the old and growing stability in the new with a consistent upward trend, he said, "Okay, how do I buy some Bitcoin now?"*

I am always wary when it comes to the buy-in part, but I know this person well enough and I will step him through the process. What he does lament, is not getting more interested when I created his still unused Steem account three years ago, as he realized that now he has a lot of learning to do, a lot of catching up.

And this is what I have said to him and others about the future - start learning. Don't come to Hive because of the potential for rewards, don't come to Hive expecting it to immediately replace all of your other digital social activity, don't come to Hive for the best content on the internet - because it isn't going to satisfactorily meet those needs, as the "free internet" is matured, it is built by professionals that have effectively trained the world to consume in the way that they dictate and the gateways of their choosing.

The reason to come to Hive is that it is where the world is going to be in the future, five years or a decade from now - it is to learn about the framework of that future and potentially take part in building it, or influencing the way it is built. As I keep saying, if the world is going to change, the way we consume has to change and that requires giving up some portion of convenience and quality in order to support the replacements. This is the way econonmies rise and fall - through usage, through consumption, through belief.

And this last part, the belief in the current economy is faltering so heavily that those massive corporations that have made their wealth by leveraging it, are losing their faith in the future of it and they are all about profits. They do not care about ideologies, they do not care about the betterment of the world, they do not care about your well-being and mental health - everything they do is to churn another dollar - or very soon, another satoshi.

If they are getting in on Bitcoin, block producing and blockchain verification processes - it isn't a calculated risk - because they already have the channels required to market it to the masses, they already have all the data, granular market segmentation and social influencing processes in place to garner the support they need to mainstream it, because they have a mainline to the digital world.

While this might not be great in some ways, disruption always creates opportunity and when that disruption is at the global economic level, the cracks are going to open a great many foot and hand holds for people to get a hold and start to both tear apart the old and fill the gaps for the new.

Right now, people are suffering, people are looking for a better way and even at the consumption level, people are realizing that the model they use daily is unsustainable, that the costs that they are incurring are growing to a point where they now have to make decisions on what they are consuming, they are feeling the opportunity cost of content on the internet and, *they don't like it.

As I said to my colleague, the way to change this is to decentralize the platforms and that is through ownership of the platforms themselves, as that allows for broader distribution of the wealth they generate, back into the community that consumes from them. This is what Hive is already doing of course, and while imperfect in many ways, is slowly building a more robust and value-adding model of the new economies - niche economies that interact with each other across the world without having to pass through all of those "managed" gateways.

People favor convenience and clean beauty over the difficult and messy, but no matter how one looks at it now, the world is more complicated than we enjoy and we are starting to feel the effects of having outsourced so much of our lives to corporations who only have their bottomline in their algorithmic mind.

It is these discussions that start to turn the tide and currently there is no better time than right now to start putting more wedges into people's narrative of their world and opening up some gaps for new information to be considered. The discussion is ongoing and doesn't end - but we can take a part in its course and evolution, by decentralizing the conversation.

Taraz
[ Gen1: Hive ]

Posted Using LeoFinance Beta

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When I jumped into crypto, back in 2017, and got my first satoshis, I remember always thinking about their value in the future, not in the present. I was so obsessed with the future value I didn't want to spend any single satoshi 😂. You do not have to be so obsessed but the future is what is all about. Hive may not be the best social media platform right now and you may not get as many revenues compared to a good youtube but you are learning the future and soon this will be what rules the world and the race is starting to speed up.
Just a couple of months ago, the daily volume exchanged in the biggest decentralized platform, Uniswap exceeded the amount exchanged in a centralized platform, Coinbase.

I still have that issue!! :D

and soon this will be what rules the world and the race is starting to speed up.

It can move much faster than people think and when they look back, it will seem a blink of an eye.

Volume is growing massively, which means that exchanges themselves are going to have to compete more and more, with DEXs become more important. It is going to be "fun" times.

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I like to believe that we are in the place of the future, that day by day we are building a safe, fair, equitable space. In the midst of the economic crisis that we are suffering in Venezuela, the crypto currencies have been a life saver. In fact, it has been said that the Venezuelan government has implemented its own cryptomoney (Petro) to avoid the US sanctions, which prevent them from having access to the international financial system and that they aspire to be a kryptonation (populist propaganda, especially when Venezuela does not have electricity or quality internet. However, in this way, I want to think that being in HIVE is already in the future. Greetings and good start to the week, @tarazkp

How has Petro been going since it was introduced? I think it was back in 2018? Has it helped in any way?

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The government has tried on several occasions to "give Petro momentum and credibility". The last time was at the end of last year, when it paid "half" Petro to many people. At first, businesses were accepting Petro, but when they discovered that they could not change it in the market into dollars, they stopped accepting it. Now they have implemented as a law that all paperwork (passport, identity card) must be paid in Petro. So the citizen must buy it, and then do the procedure. Venezuela is dollarized, here the minimum child of any corner, speaks of dollar.

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They do not care about ideologies, they do not care about the betterment of the world, they do not care about your well-being and mental health - everything they do is to churn another dollar - or very soon, another satoshi.

This is what people really fail to understand. In capitalism there is no God, there is no government, there is no reality except money. Specifically my slice of the pie.

It's unsustainable, of course. Monopoly and scale are the model right now, but that can't last. There is a very human cost to all of it and we (as humans) can only fund the dream for so long.

It is these discussions that start to turn the tide and currently there is no better time than right now to start putting more wedges into people's narrative of their world and opening up some gaps for new information to be considered.

Yes! I really like the analogy of wedges. All those blocks that form the pyramids were broken out of native rock by using wedges. Thousands of wedges. Each one does little until the 'last' one is driven home and the block breaks off. Nobody knew which one was last, they only knew the first 999.

It's my mission to drive a wedge or two. Simple enough, it just takes HUMAN scale.

It's unsustainable, of course. Monopoly and scale are the model right now, but that can't last.

Technology has facilitated the speed up process enormously

There is a very human cost to all of it and we (as humans) can only fund the dream for so long.

And the reset revolution is coming.

It's my mission to drive a wedge or two. Simple enough, it just takes HUMAN scale.

It really is in our hands, although so many of us are struggling ourselves that we end up focusing on the financial aspects alone, without seeing that there is a need to marry it to our daily world, as as people who live and breathe, have jobs and families, wants and desires.

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Certainly 20 years ago and maybe 10 I'd have been concerned about the financial aspect. Now it's too late and my hope is only to push the needle towards the reset and making a place that is just (not fair) for people to come to.

I think that more and more, people are recognizing that economic and social stability have to go hand in hand.

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This is something I don't understand about some people and some platforms. We know several social media outlets basically dump people on a whim. What I do not understand is why people on these often used platforms do not take the simple precaution of letting their audience know where to re-find them if they are de-platformed.

In the event my pages should go down you can always find where I am hosting my video content by visiting my page on the Hive Block Chain

Seems to me a simple solution. They can then let people know about their name change or page change or what other video hosting system they went to, maybe some will follow them on Hive and join and then vote for their content, and slowly shift over to Hive.