We are moving to a different realm. I touch upon this occasionally when referring to energy and the new era that we are entering. The 3D reality that was prevalent for the last few thousand years is now giving way to the entry of higher realms.
I feel the mistake that people often make when looking at blockchain is to try to equate it to companies. We are reared in a world that believes competition is natural. In fact, we are told things such as nature is "survival of the fittest".
The truth is that cooperation is what is natural. The entire ecosystem called nature is dependent upon all. It is easy to see the inter-connectedness of everything when viewed with this understanding.
Blockchains are networks. Do you feel that networks compete? Does your home network compete with the one at work? Does the one at your local Starbucks compete with the one at McDonalds?
The answer is no. Companies compete with each other, the networks do not. Which one you use is determined by personal preference and availability. In other words, there are times you use the network at home while other times, you log on at Starbucks.
This same mindset needs to be applied to blockchain.
Going one step further, we find the same applies to cryptocurrency. For some reason, people feel competition exists on this level too. Does the USD compete with Euro? Is the JPY vying for usage over the GBP? Once again, we see currencies used depending upon where one is. There are certain environments where the JPY applies while the GBP in others. Most of these are based upon geography.
Blockchain and cryptocurrency are 5D ideas. On occasion I wrote about the move from 3D reality towards 5D. When dealing in the different dimensions, it is important to understand the characteristics of each. The scarcity based world is where we were taught there is not enough is 3D. This environment breeds competition and the mindset of one has to top the other. For one to win, another has to lose.
Cryptocurrency operates on a higher level. It is not scarce but abundant. There are over 1,500 publicly traded currencies and growing. In a decade, it would not be surprising to see there number into the hundreds of thousands, if not millions.
Within 5 years, each of us will be "earning" 25-50 currencies each month. There will be an assortment of things we do that will provide us with compensation. This is the benefit of blockchain. Suddenly, we see a shift in the paradigm. The "attention" economy is upon us.
Many seem to want to look at STEEM with 3D eyes. Whether you believe STEEM will be destroyed by something else or the unanimous winner, you are viewing it with a competitive mind. This is not blockchain nor is it cryptocurrency.
Certainly there will be blockchains that have more users than others. Applications designed on some will have interest over others. However, the networks used will be based upon people's preference. Also, like other networks, the same individual will use multiple ones. Cryptocurrencies, unlike Fiat, is not dependent upon where one is physically located. Instead, one simply needs to go from one blockchain to the other to realize this.
In my view, STEEM will be one of the leading blcockchains. The reason for this is the technical abilities of this blockchain. Also, we are seeing development occurring at an unparalleled pace at the moment. Certainly, other blockhcains will follow suit creating options to what is taking place on STEEM. How many people will flock there (or here for that matter) remains to be seen.
Newer blockchains only present more opportunity for each of the 3.4B who are presently online. The same holds true for each new application that appears on the STEEM blockchain. Do you think that Parley.io is competing with D.Tube? Most would say no especially since they are radically different. Fair enough. Let us look at Steemit and Busy.org....are they in competition? Some might say they are but I disagree. I used both at different times. There are pros and cons to each. Some might prefer Steemit exclusively while others opt for Busy. I just happen to be one who jumped back and forth.
The main offspring of the scarcity world is fear. This is a weapon that was used against us. The banksters know this. However, as we ascend in dimension towards 5D, fear disappears.
For this reason, do not fear newer blockchains. They are not going to destroy anything. There will be new applications that appear which provide us with more options. This is abundance. We get to choose what we use and when.'
Here is another way of thinking about it. Do you use instant messaging programs? Which do you use? Do you use more than one? If you are like me, there are a number of ones that are loaded onto your phone. While there are certain ones I prefer, the usage usually depends upon who I am interacting with. There are times I downloaded a particular program since someone I needed to interact with used something I didnt have.
Blockchains are the same way. Right now we are on STEEM. That is the cryptocurrency we use on here. However, many of us, to buy the STEEM, used BTC or ETH. Thus, we were operating on that blockchain. There could be a time where one posts an article on Steemit yet also puts it up on another blockchain. There is no reason to believe we are limited.
When you eliminate the concept of competition, instead implementing the idea of co-operation, you realize how blockchain is a different animal. Ultimately, we are each going to use a multitude of blockchains each day, garnering many different tokens. This is the basis of a tokenized world. Receiving one token for activity on a particular blockchain does not mean that another one suffers. This is not a zero-sum game.
In fact, when you think about it, it is all part of a larger ecosystem....called blockchain.
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How about blockchain as a medical metaphor? People are habitually trained by authority to think in terms of control, cause and effect and by established fictions that act as a sort of smoke screen to reality. They key is to step outside of the established bounds of linguistic discourse.
do you think there could really be that many currencies? it's peculiar to ponder
Yes I do. Obviously they all arent going to be widely used or global in scale. Some might simply be for small projects.
We are going to see non-liquid assets tokenized...art, real estate, etc... are going to be tokenized..releasing the much greater economic potential.
i like it , ty
A cryptocurrency is given value by the community behind it. If you believe that there can be a million communities you should believe that there can be a million different blockchains.
I totally agree with you. I've seen resent hates from those who who hold huge steem towards those who talk about newer Blockchains and I think that's I really childish.
Seriously there will always be competition and in this case if Blockchains, I don't see it as a competition.
Even as popular as Facebook is, there millions of people that still prefer twitter. How I communicate with you is based on the network I can reach you with.
All there Blockchains are trying to achieve something and that is universal adoption
I also Agree with you Seriously there will always be competition and in this case if blockchains, i don't see it as a competition.
When Bitcoin created the Lightning Network did it steal people away from other coins? No. Those other coins now also have the Lightning Network. We need to rewire our brains to stop assuming everything is competitive and start to realize how cooperative economy works. This is the future.
I agree with you in that we shouldn't view blockchain as companies trying to get to the dominant spot. True, many cryptocurrencies will be made abundant, and many projects will come and go, but I do believe with projects like STEEM with such high performance and the ability to scale like no other (except maybe EOS as it emerges) you can't go wrong. Competition is healthy and it just makes the world a more abundant place, as you always say. This is the age of abundance.
Cheers for the awesome post!
Blockchain has the great potential to evolve our transactional experiences as the technology progresses to improve the world. However, given the fact of what you state regarding the dozens of blockchains we while one day interact with brings a concern as it could become once again inefficient. The next revolution will be interoperability of multiple blockchains to make our transactions seemless across many platforms.
I like this a lot:
"Blockchain and cryptocurrency are 5D ideas."
I run into "3D thinking" all the time. This is especially true in startup finance. I'm trying to get funding for a decentralized computational mesh. It's not exactly a blockchain, more like Iota's tangle. But it is a perfect fit to the ecosystem and fairly screams to be tokenized. The traditional startup trajectory in the US just doesn't see the disruptive nature of blockchain and tokenization. They only see the volatility and fear the scams, frauds, SEC regs and silly ideas.
This mesh we're working on is definitely 5D. If we can keep the lights on we hope to go public with the white paper 1Q 2019.
Do you know what is the history of STEEM @taskmaster4450?
I met a VC yesterday and had a conversation I found interesting. He said there isn't a single blockchain startup (at least in Malaysia) that he would invest in.
I asked him what did he think about Steemit. If he had a chance to inject seed funds to create the STEEM blockchain, would he? He said no.
He views upvotes are like bets. In his logic, a vote is like placing a bet who would gain most from the reward pool so that you can have a share of the rewards. People with SP (whales) would only vote posts which would maximise their return. I said to him, while it is true there are some whales who are like that (raping the reward pool), there are also whales who vote because they truly want to reward users who write good, quality content.
The VC looked at me as if I was speaking alien. He responded, at the end of the day, a VC is interested in an entry and a exit. It is simple and pure capitalism. Steemit doesn't look like an efficient, predictable or profitable model for a VC.
What are your thoughts on this?
VC will be either dead or much reduced in ten years.
30 years ago many VCs said the same thing about the internet....
VCs suffer the delusion that they are innovators. What they really are are managers of risk . They operate far enough away from the edges of true innovation that they can safely create portfolios of companies with a high degree of certainty of overall profits. The actual level of innovation is irrelevant. And to them, innovation means a new business model. Processes that generate revenue and profits. While there is nothing inherently bad about this, it is not the same as inventing new ideas.
cryptocurrency is the best for online market ....
Have a good post hear
thanks for share this post
nice article bro . blokchain is the technology which is going to revolutionize the community for sure I believe :)
blockchain making a new innovation
thank you for share @taskmaster4450
An excellent contribution with an interesting view on which it pays to think twice! Thank you
Our world and the basic concepts that we had on different issues are changing at an accelerated pace and it is difficult to adapt to these changes.
The acceptance of these changes will depend on the results that are seen and that will generate trust.
I really like the Idea of Abundance @taskmaster4450 . I think those that are in Power now know their time is near and they are ready to be thrown on the Dust Heap of History. Govt. and Central Banking can become irrelevant.
Agreed. We're at the point in the life of the blockchain where competition is pretty detrimental really. Maybe one day they'll be able to compete, but right now we're developing. Filling out the space. Like early in the internet days, folks didn't compete because there was so much room. It was all about growing, learning, and improving the systems.