The world is changing rapidly and old beliefs need to be tossed out. Looking at the world today like you did 5 years ago is a major mistake. The impact of technology is advancing at such a pace that it will soon start to look like a Sci-Fi film.
In my last post, I referred to a concept I called Cryptocurrency 2.0. The basic essence of this idea is that the first generation of cryptocurrencies were acquired via some type of cash outlay. With this latest generation, we are seeing that, while purchase is still an option, people have the ability to acquire simply by engaging in the purpose the token was designed for.
Here is that article:
Looking into the future is obviously an inexact science. Just like it was hard to imagine Facebook in 1998, it is difficult to comprehend some of what will take place over the next 5-10 years. Nevertheless, the world of blockchain and its first application, cryptocurrency, give us a fairly good idea of some of it.
The world is becoming digitized which means it is going to be tokenized. As more of what we do ends up online. we are going to see the opportunity to acquire tokens for most of the activities we engage upon. One thing I must mention, is that today, at the beginning of 2018, the online and offline world are still separate. This will not be as much the case in 5 years. The Internet of Things will be in full swing with more devices connected. The Internet no longer will be something we "log onto". It will be all around us (it isn't far from that now).
There is great debate about the concept of a basic income. This topic made news the last couple years because many of the technology titans spoke out in favor of this. At the core of the entire subject is the idea that technology is advancing at such a rapid pace that unemployment is going to skyrocket. With the pace of automation, it basically is impossible for the masses to get re-trained quick enough to offset this. I agree with this outlook.
Another facet of this is, even with those who agree a basic income is needed, the contest of how to pay for it. People are very passionate about their beliefs on this matter. Lines get drawn in the sand with people digging in. Some do not want one single tax dollar spent on it while others feel that it is society's obligation. Whatever the viewpoint, I am here to tell you it is all moot.
The way I foresee Cryptocurrency 2.0 unfolding is that it ends the basic income debate. Those who do not feel it is right and are against this concept are going to have to adjust their views. It is simply a passe outlook since it is coming. At the same time, those who debate about paying, especially with the idea of restructuring the welfare state, you too are stuck in 1995. None of this applies.
Cryptocurrency 2.0 is the basic income. It is how that will be paid and a topic will not be a subject for debate in the future. Whether you think people should or should not get an income, the reality is that tokens will go to people for doing much of what they do today for nothing. Down the road, people will be "earning" money from 25-50 different sources. Everywhere you turn, you will be paid.
Again, we already see this forming. The tagline appears "Get Paid To ______________". Fill in most any activity that you do today and you will see a token for it within the next few years.
Take what we do on STEEM as an example. There are billions of people doing exactly what we are doing here. They are posting stuff on Facebook, Reddit, Linkedin, and Blogger/Wordpress. For the most part, at least directly, few are making any money. In fact, as I learned from some of the comments in my last post, it actually costs people in many instances when things such as hosting fees and promotion are accounted for.
Nevertheless, we are being paid for doing the exact same thing they are. What is the difference between an article on Steemit and one on Linkedin? Anywhere from a few cents to hundreds of dollars...that is the difference.
The nature of work is going to change from the traditional concept of a job to contribution. Someone who goes and spends time with the elderly, today is volunteering. Down the road, a service like that will be tokanized. The same will be true for cleaning up the beaches. Those who are concerned will create a token which will go to people that get involved. Watching advertisements will be the same. Take a look at all you do in a day and I will bet there will be a token for it.
One of the benefits I feel STEEM has is that it is leapfrogging into Cryptocurrency 2.0. STEEM is not figuring out what it is about. It also doesn't have major issues to overcome like some other blockchains. Basically, this blockchain is set for what it is designed to do and is being used for that purpose. Technologically, the blockchain is in prime form.
Naturally, we need to see app development/refinement but I am confident with the number of people working on it, that will happen. That just leaves the human aspect of things. People are not accustomed to a world run on tokens. To most, it cannot even be imagined. Well, users of email in 1994 couldn't imagine there would be Facebook and YouTube either. Nevertheless, we are at the point where the utility of STEEM will be the introduction people get. At the same time, as the price of the token escalates, it will be providing an income to many people around the world.
It is pretty amazing when you see how things are going to unfold, much of the debate ends.
In the future, Cryptocurrency 2.0 will be the basic income people receive. STEEM is already starting to be part of that process.
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