Today I finished up for the week and will now start my summer holidays, a week off from all work - that is not related to Steem. It is nice to have a few days off because I feel a little like this dog, yawny.
I hope I can get a sleep in day or two.
We have guests visiting us for a few days and while my days have been spent at work, it has been nice to have people to talk with in the evenings. I can even discuss some real topics with them like, investment, society and blockchain without them looking at me like I am insane.
I was talking to a colleague today who was asking about Bitcoin and why it is even a thing and after explaining a little, he has decided to look deeper into it.
The economic climate is changing even faster than the environmental one and the smartest people are now looking at alternative models. It is from here that they discover and start shifting from and then, the rest follow a few steps behind.
I believe that the next economic collapse is going to be the catalyst for large institutional investments and then, they are going to need it to be more than a store of value. So, they will onboard their business clientele, who will in turn onboard their customer base. This has to happen in order for the institutions to realise their investment potential.
The introduction of institutional wealth will legitimize and add weight and the development will start. What they are going to aim to do is what they have done in the real world, they are going to try and snap up digital real estate so as to own the internet.
And this is the thing, while the Internet isn't owned by anyone, it is owned by the corporations that everyone uses as they own our transactions. They will try to capitalise on this and tokenize their own products and services to take a firm hold on the land.
Will you give up your land in order to live a life of convenience on theirs? I am certain many will and never recognize that the deeds they once held, they signed over through behavior, not by signing a contract.
Taraz
[ a Steem original ]