Over the last few years, I brought up the concept of the Age of Abundance and how cryptocurrency is one of the technologies leading us to this end.
In this video I discuss whether this is only a transition, on the way to a day when we are a post-monetary society.
▶️ 3Speak
Sixteen days ago, after reading your article, “The Path of Hive,” I started to follow you. However, due to the limitation of my resource credits, I decided to take a rest for a time from voting and commenting and focus instead in renting cards and playing Splinterlands for card renting especially consumes much of my resource credits. As my resource credits started to recover, I began checking today the posts of Hive bloggers that I recently followed. Reviewing your posts now, I am surprised with new and abundance of ideas from the articles you published. I have to catch up with 33 of your articles. Grateful for sharing your thoughts!
If you want I will delegate you some Hive Power so you dont have the problem with RCs.
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That would be great! That will be a big help for my Hive activity. It was actually my goal to post at least one article every end of season on Splinterlands, but somehow my RCs are preventing me to do so. What should I supposed to do to avail the delegated Hive Power from you?
Yea technology is developing really fast but I still don't know if I like that most of the largest centralized companies monopolize most of the technology. I just feel like the decentralized world is lagging quite a bit behind.
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Well this is a potential future that is quite hard to imagine even if in a way I am near the forefront of it (after all, I do have crypto).
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A very thought provoking video... This is just my take, after several years being active in the space.
Yes, cryptocurrency can be "printed" to infinity the same way as fiat can be. However, the amount of crypto that can actually hold value is limited by humanity's collective attention span. When a cryptocurrency loses attention, it loses value.
What draws attention to a crypto project? There are many factors including ease-of-use, innovation, usefulness, partnerships, active development, security and most importantly the community. Projects which lack in these areas will not retain value, and superior alternatives will replace them by capturing the people's attention.
For example, fiat, which is backed by absolutely nothing but governments' promises to pay an insurmountable amount of debt, only has value because of the people's collective belief in it. Their minds are focused on fiat, how to earn it, and how to accumulate it. Hyperinflation will cause people to divert their attention away from fiat and to the salvation of crypto. This will trigger a period of massive value growth in existing ecosystems which have already laid the groundwork for the future.
At this point, I think the most talented developers and architects have already entered the space to lay the foundation. However, the creative talent has yet to take the plunge. The NFT market is going to be absolutely huge when the mass migration of artists, musicians, and content producers occurs.
Eventually the masses will have adopted crypto and their attention will be distributed among tens of thousands (or more) of new communities/tokens that have been formed. The innovation will slow down and the relative value between tokens will stabilize.
As it stands today, the majority of the world population is still not paying attention to crypto, meaning there is a great deal of room for growth!