The pie just keeps getting bigger. With innovation gives us greater opportunities. This is something we witnessed over the last 150 years. During that time, we saw massive wealth created in oil, railroads, steel, entertainment, and computers.
In this video I discuss how we are embarking upon another era where we can see similar results. The amount of wealth that will come from the latest technologies is going to dwarf what went before it. I use the example of Starlink and how that company could have hundreds of billions in revenues within a couple years of release.
▶️ 3Speak
View or trade
BEER.Hey @taskmaster4450, here is a little bit of
BEERfrom @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Summary:
In this video transcript, Task discusses the wealth opportunities presented by the emergence of blockchain, cryptocurrency, and virtualization. He draws parallels to historical shifts like the Gilded Age and the rise of major industries such as oil, steel, and tech. Task highlights the incredible economic potential of the digital age, emphasizing the rapid growth and vast reach of companies like Apple, Microsoft, and Tesla. He points out the vast market potential of the digital era, specifically in areas like satellite internet service, with Starlink as an example. Task concludes by suggesting that the increasing size of markets could change the importance of money in society.
Detailed Analysis:
Task sets the stage by emphasizing the transformative power of blockchain and cryptocurrency in ushering in a new era of wealth opportunities. He links this phenomenon to historical periods of radical societal change, citing the Gilded Age as a precedent where figures like Rockefeller, Vanderbilt, and Carnegie amassed enormous wealth through industries like oil and steel.
The discussion shifts to the industrial revolution and post-World War II era, highlighting the rise of behemoth corporations like General Electric and IBM. Task underscores the impact of the information age, spearheaded by tech giants like Apple, Microsoft, and later Google. He comments on the exponential growth seen in the digital age, eclipsing the economic impact of traditional industries like oil.
Task delves into the potential of emerging technologies like virtual reality, chip making, and AI, suggesting a continuation of the trend towards greater wealth creation. He uses Elon Musk's innovative approaches with Tesla to illustrate the speed and scale at which modern companies can operate, emphasizing the global reach and customer base that technology allows.
The conversation pivots to Starlink, a project with the potential to serve a customer base spanning the entire planet. Task outlines the revenue possibilities, highlighting the vast market potential and rapid growth that technology-driven companies can achieve in the digital age. He underscores the staggering speed at which companies can scale and generate revenue compared to previous eras, exemplified by the rapid rise and valuation of companies such as Instagram.
Task concludes by hinting at a potential future where money's significance diminishes in a society where markets grow exponentially. He leaves the door open for further exploration of these ideas in upcoming videos, particularly focusing on the potential of cryptocurrency in reshaping economic structures.