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RE: Building Block Societies and the Demand for Value

in LeoFinance4 years ago

As it won't be an on/off switch, many of the issues will be sorted out along the way - much like it always is. 50 years ago, the internet was in play, but what we can do with it today is vastly different than what was imagined - yet, it is still in line with the direction they were aiming for in many ways. I think this will be the same - it will cause disruption, but those left behind will actually be quite few, as culture and habits will change to come into alignment for participation. In 1989 - no one I know wanted a mobile phone. In 2003, the internet on a phone was seen as predominantly useless.

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Looking at the evolution of Blockchain technology,

Originally

  • 2009 Bitcoin - a peer to peer electronic cash system

Next Evolution probably extending this to automated contracts designed for the Internet

  • 2015 Ethereum - Smart Contracts

Now we are talking about online Communities and Web 3 where you are in control of contributing your own value to society

  • 2020 Hive - Web 3 & Decentralized Communities

I think DeFi AMMs, DAOs and NFTs are going to work together to build business capabilities too.