The Future Is Rapidly Coming Upon Us

in LeoFinance2 months ago

The past year certainly was difficult on many levels. We witnessed some things we never really through possible. However, as always, we forge ahead.

That said, on a technological front, instead of slowing down, things sped up. Trends that were in place before COVID-19 are now accelerating. This shift will only push us further down the road than we were before.


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One big change is the move towards digitization. Video conferencing was possible for more than a decade yet few used it. This suddenly changed in the Spring of 2020 when people were forced to conduct business in this manner.

Previously, in person meetings were the norm. This meant air travel, hotels, and dining in restaurants. Due to the lock downs, people adjusted to handling these meetings in the virtual world.

Even Hivefest, which was an in person event, was done in Virtual Reality for the first time.

This is great news for the blockchain and cryptocurrency industry. What we are seeing is people opening up to technological alternatives. Whereas, previously, the shift was slow, the recent acceleration is only going to gain speed. Companies now realize there are ways to do things that can radically change their businesses.

When something is faster, less expensive, and provides a better payback, they will adopt and not go back.

For years we pointed out the shortcomings of the existing financial system. At the same time, many also discussed the idea of censorship resistant and how important that is. Most of this topics fell on deaf ears.

That does not mean to say that what we were alluding to was not taking place. It was. The difference is that, now, people are starting to see exactly what was being mentioned. Light is now being shown on the darkness.

We are rapidly moving deeper into the realm of digitization. This is a step that makes it impossible for existing entities to deal with. Over the last few decades, we saw how disruptive digital companies could be. They obliterated the older, more established firms.

After more than a decade, we are about to see cryptocurrency (digital assets) doing the same thing.


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When something is digitized, over time, the money goes out of it. The old business model is no longer valid. This is something we saw repeatedly with physical products such as video cassettes. Once digitized through the streaming process, an entirely new model was constructed by Netflix.

Financially, we are going to see the same thing. In fact, the financial and social media world are going to blend. A decade or two down the road, they will not be separate industries. Instead, all will feed into the same pool, allowing people to earn and distribute through their social media activities. We already see this with some of the payment platforms that are popular, especially in China.

The demonetization process is one that ends up serving humanity very well. As products get less expensive, the "wealth" of the entire population becomes greater. Many discuss wealth inequality these days. While that is accurate in real numbers, it overlooks the impact technology has. For example, the smartphone is something that most in developed countries have. Yet, 30 years ago, the richest person in the world did not have anything close to that. In fact, even a mobile phone was expensive, quirky, and provided a poor user experience.

We are going to see how Web 3.0 radically alters the business models we operate under. To start, the distribution mechanism far exceeds what is present today. This is one of the major drawbacks to CBDCs; they do not address the fact that the digital form of the fiat will still be in the hands of only a select few.

Automation is now a part of our lives. Companies are going to look to automate whatever part of our society they can. This is going to save them on expenses while also presenting opportunities. It will have lasting impacts upon many areas.

Cryptocurrency is going to be a necessity. People will need the money provided by the applications that are build. With jobs becoming scarcer, opportunities must be found elsewhere.

Of course, right now, most are either unfamiliar with crypto or think it is a scam. Either way, as I wrote years ago, everyone is going to be in crypto, sooner or later. For most, sadly, it will be later.


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Within 2 decades, we will pass the economic singularity. This is the point where automation takes over to such a degree that growth is explosive. Even if the metrics we have are not exactly accurate for this new era, the overall production will be mind blowing. Large ecosystems will see triple digit growth for years.

This is something we already see in the capital markets. The enormous volumes that are traded is due to high frequency trading. It is obviously relegated to the larger Wall Street firms which feeds into the wealth inequality. However, they are only limited by computational power and bandwidth.

Consider a world where the only limitations are computing, communication systems, and energy. That is what we are heading towards.

The economic singularity is abundance. Thus, the scarcity system we presently operate under is no longer valid. Many in cryptocurrency already see that forming. Think about the growth of one's account, simply due to airdrops. When the network effect hit, like with Uniswap, it can be worth billions.

And that is cheddar that is not in Wall Street's hands helping the distribution.

Anyone in the financial world knows that past performance is not an indicator of future results. The same is true for technology. People get lulled into thinking that the pace which they observed things in the past is how it will keep progressing. This is not the case.

It is why most, in the medium to long-term, tend to underestimate the impact of technology. They simply move what they witnessed over a certain period of time forward into the future.

With cryptocurrency, we will see more progress in the next 2-3 years than we did since the day the Bitcoin White Paper was released. That is how rapidly things will grow.

Fans of Sci-Fi will recognize some of the ideas that are being presented by technologists as just around the corner. For the rest, it will come as a complete surprise.

Nevertheless, we are barreling down the path towards the future at speeds never seen before. This is going to affect each person on this planet. Therefore, do not underestimate what things will look like 15 or 20 years from now.


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Beautifully written, when things gets smarter and faster, its better adopted and accepted because its inevitably cheaper. Many people see Crypto as a strange technology but just as bulky phones were replaced by smart phones. Its inevitably that digitisation of money was inevitable. At the end people do less and have more, its like having the ability to control various narratives without having to be limited. The evolution bas definately been astonishing. Wonderful write here.

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Growth is inevitable. Only those who understand what is going on in the crypto world will fear what's about to happen/occur in coming years.

Nevertheless. We can't dispute the fact that people that are more interested in the financial part of it, they view it as a lottery game or some see it as something that won't last longer.

To be sincere if it wasn't for the lockdown I won't be here,taking a ride on the crypto train. The lock down open our eyes to what's going on in every corner of the world. Creating a steemit account in 2018 was just like another scam site to me but 2020 made me realize I was stupid to think that way (lol).

Which is why I can't really blame most people who still see it that way. They will definitely get in later, I feel sad for them too as they don't know what they are missing.

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A decade or two down the road, they will not be separate industries. Instead, all will feed into the same pool, allowing people to earn and distribute through their social media activities. We already see this with some of the payment platforms that are popular, especially in China.

Very true. WeCaht and Alipay. Alipay overtook PayPal as the world's largest mobile payment platform in 2013. No wonder the Chinese government feels threatened already by these two, plus a couple of other players. Did a post two days ago about it.

With jobs becoming scarcer, opportunities must be found elsewhere.

People need to wake up and instead of complaining on centralized social media, they should switch to decentralized platforms. The sooner the better. They need to learn to take responsibility for their own action, learn to manage their accounts and finances. The like collection era is coming to an end.

Interesting times and I'm glad I can be part of it.

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I really look forward to your posts everyday as you have a different outlook than most. Covid was what was needed to move things forward as things as they were had to change and adapt. Many businesses have got by but the changes now are so big you are right they will wither and die as those are now dinosaurs. The next 2-3 years is going to be crazy as development is off the charts right now and we should all benefit from this. The next 10 -20 years I believe will happen sooner than that and expect things to be unimaginable within 5 -10 years.

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The future is a strange place: in 2017 I wouldn't have imagined that people would be going crazy about a meme coin in 2021

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@taskmaster4450 I agree totally work your points ..and that is why I believe that we all need to come together to create or make ideas that will create tools to be able to prepare ourselves for the uncertain future,who would have thought that a pandemic like covid 19 will become a huge global crisis so soon....we never saw the damage that covid 19 will cause,the world never saw it coming hence they would have prepared...

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I know that several of the vendors that we work with have already stated that after the Covid thing is over they are going to keep their physical locations closed and just have people continue to work from home. It will save them lots of money and I don't think they saw the reduced productivity they were afraid was going to happen. I actually wouldn't be surprised if many of their employees actually thrived in this alternative environment. Things are definitely accelerating at a rapid pace. I think there are many sectors including cryptocurrency that are going to look very different than they currently do in a very short amount of time.

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This is the truth. I am a senior cloud engineer for a MSP. Business has been booming since the start of Covid. I have dealt with many companies that have never entertained the idea of a single employee working from home let alone everyone. Now I get a lot of "we need this yesterday" type orders.

For example, the smartphone is something that most in developed countries have. Yet, 30 years ago, the richest person in the world did not have anything close to that.

This is the natural evolution of society, to which science and technology contribute enormously. We now have access to a lifestyle not dreamed of in the past even by writers of fantasy literature.

Unfortunately, many ordinary people do not realize that they now have a lifestyle and comfort that kings and emperors of the past could not even dream of.

Often catastrophes and misfortunes such as this pandemic have a contribution to accelerating the evolution of human society!

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More stuff loading and it can only get better.

We are going to see how Web 3.0 radically alters the business models we operate under. To start, the distribution mechanism far exceeds what is present today.

The disruptions are here already and we see a brand name as HaggleX coming forth with crypto solutions for Nigerians in terms of Electricity bills, grocery purchase and many more. The future is here!

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Global crisis, like the corona virus, certainly do accelerate things technology-wise.

When I think about how quickly things can and will move, it always makes me think of Moore's Law. I'm sure you've heard of it but I'll put a quote below anyway.

Moore's Law states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them.

As financial services, and monetary value, become more pegged to technological innovation, as it is with cryptocurrency, I think we can see a much faster and drastic changes in how people create value.

Consider a world where the only limitations are computing, communication systems, and energy. That is what we are heading towards. The economic singularity is abundance. Thus, the scarcity system we presently operate under is no longer valid. Many in cryptocurrency already see that forming. Think about the growth of one's account, simply due to airdrops. When the network effect hit, like with Uniswap, it can be worth billions. And that is cheddar that is not in Wall Street's hands helping the distribution.

I like this passage, and I truly hope it plays out that way @taskmaster4450... although with a new paradigm in energy production that isn't as destructive for the planet.

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