We are entering the attention economy and not a second too soon. The Industrial Revolution was a benefit for billions of people. It was also a detriment to an equal number of people around the world. Over the last 20-30 years, we witnessed an extreme power shift from main street to Wall Street. Millions of small businesses were destroyed and the work force suffered. In the western countries, incomes are flat across the past two decades.
It is no secret income inequality exploded. A handful of people have more wealth than the bottom 1/2 of the planet. 40% of the world exists on under $2.50 per day according to studies. The rich get richer is the mantra of the day.
This is all starting to change. The bankster run world of scarcity is about to end. For more than a century, the central banksters had full control over the money supply. Organizations such as the U.S. Federal Reserve decided when to expand or contract the money supply. Of course, all new money went to the banksters first before being loaned out as debt. Yes you read that properly; the only way money got into the system is to have more debt. This is the bankster way.
And who got paid for the debt? You guessed it, the banksters.
The creation of Bitcoin changed all this. For the first time in a long time, someone other than a central bankster was creating money. Today, we see over 1,500 cryptocurrencies that are in use. While many of them might amount to nothing, we are seeing a new paradigm emerge before our eyes.
Part of the problem the last few decades is big corporations were able to control, hence profit, from all we did. Not only did we work for them, but we shopped at their stores, watched their ads on television, and even contributed to their social media sites. And what did we get out of it? Not much.
The attention economy is changing all that. We are now getting to the point where people have the ability to say "pay me". The new tagline is "Get paid to __________________". All of us on STEEM are well aware of this. Anyone who went to his or her wallet to download $.02 knows what I am referring to. This is most likely more money than Facebook or YouTube paid.
In short, the attention economy pays people for what they contribute. In the Industrial Age, this was work. You showed up at a job, put in your 8-10 hours, and received a paycheck at the end of the week. As we progressed to a service based economy, people simply shifted from a factory to an office. Nevertheless, the result was the same. The resources ended up in the hands of a few.
I have called it a "tokenized" world. That is what we are going to see develop in the next few years. By 2021, most of us will be receiving 25-50 tokens on a monthly basis. This will come as payment for giving organizations (sites) our attention.
If someone wants us to do something, they need to pay us.
I know that sounds shallow and selfish. But it is not. In fact, people are being paid for what we do as I type these words. If you do a search using Google, guess who gets paid? Time spent on Facebook results in billions of dollars a year; do you think the posters get that money? While watching a show on T.V., we see commercials which someone else is getting paid for.
So our attention already has value AND is being paid for. The only difference is that we are not the ones getting paid for it.
That is ending as we enter the tokenized world. STEEM is the first example of this for most people. As our wallets fill up each week, our wealth grows. We are being compensated for the time and effort we put in. Those who spend more time on here tend to get rewarded in larger amounts. As each account grows in SP, the future earnings increase at an accelerated rate. Here we see how our returns can be compounded.
Right now I believe anyone who is active on STEEM will end up very well off. Rich is a relative term. However, those who power up in an effort to grow their accounts will find they have hundreds of thousands of dollars over the next couple years. STEEM is at the edge of a massive explosion.
Even if that is not the case, anyone can come on here and make oneself some supplemental income. Many are forced to work second jobs in an effort to make ends meet. STEEM provides that second income to many. Simply by posting, commenting, and upvoting here, it is possible to bring home an extra $100+ a week.
The sensational aspect is each new STEEM is issued directly to individuals. Unlike the bankster system where debt is first doled out, with STEEM, an individual gets "new money". This is true wealth creation for people. Instead of a few profiting, anyone can. One simply needs to dedicate him or herself to participating.
STEEM is the first of many tokens that will be a part of people's lives. We all need to be on the lookout for utility tokens that fit this model and spread the world. Due to the network effect, unlike the scarcity world where one wants to keep something a secret, massive profits are made when a huge amount of people are involved. Spreading the word is the best thing one can do to increase his or her value in a particular token.
We are at the early stages of the cryptocurrency game. That said, it is one of the avenues which will alter the paradigm of society that we are operating under. In the next decade, wealth explosion of the masses will take place. Instead of a few profiting, cryptocurrencies like STEEM are going to allow everyone to profit.
Society is about to get a lot richer.
If you found this post to be informative, please give it an upvote and a resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
In full disclosure this is a referral link
Pictures by Google Images