+$10 Trillion Power Industry..!!
Just so there is no mistake, and no your eyes are not playing tricks, this does say $10 Trillion..!!
So that there is also no mistake, this compares to the Current Global GDP of approx $75 Trillion, a Global Asset Valuation of approx $275 Trillion, a current Global Debt of $270 Trillion, and a Global UNFUNDED LIABILITY of over $750 Trillion.
Let me explain how..!!
Most people are currently valuing everything in the $USD. This will change shortly.
As everyone knows the $USD is in effect a DEBT NOTE and therefore current valuations are measured against the US DEBT.
Soon the IMF will be issuing SDR Bonds which will in essence roll up Toxic Debt from Central Banks to the IMF's Balance Sheet.
Most of you who know me know that in the future Global DERIVATIVES will be put on to the BLOCKCHAIN and by doing so will be used to create a new Global Derivative Digital Currency that will replace the $USD as the Global Reserve Currency.
While all this is going on, in the background Social Media is undertaking a revolutionary journey of a lifetime.
STEEMIT is at the forefront of the pack on this journey and is leading the way towards Industry Wide "Paid-To-Post" Social Media.
Currently Facebook is worth approx $350 Billion and has approx 1.2 Billion users. That equates to approx $290 per user of valuation.
But as explained above this valuation is solely based on valuing it against the US DEBT.
BLOCKCHAIN is about to change all this.
With the help of BLOCKCHAIN and CryptoCurrency all Social Media Sites will soon be rewarding the users for their content, sharing, likes and dislikes in their own CrytptoCurrency.
Just like STEEMIT soon you will have a FACEBOOK dollar, a TWITTER dollar, an INSTAGRAM dollar ....you get the picture..!!
These Individual Social Media CryptoCurrencies will be powered by an Universal Engine we all know as the BLOCKCHAIN and will have a common exchange to the Bitcoin.
That's right, ALL sites will be fitted with the same Engine. It will be up to the site to decide how their Engine is tuned. A bit like the Formula One Teams..!!
The fuel, well that's the easy bit, this will be the CONTENT..!! Posts, blogs, videos, contents, like, dislikes.....etc.
The future of Social Media is not tomorrow, it's here today. It's happening right now..!!
When all the BLOCKCHAIN Engines are fitted, the trailers are ready to be filled with Bitcoins, it will be up to the users to provide the fuel for the journey.
The better the CONTENT, the more power will be sent to the BLOCKCHAIN Engine..!!
It's time to rethink the way Assets are valued and start forgetting about the $USD as a benchmark for the measure of value.
That is why soon Global Social Media will be a +$10 Trillion POWER INDUSTRY..!!
Thanks for reading and feel free to share.
Stephen