In the beginning of 2000s I was an IT student and everything was just GREAT. World was in the middle of Dot Com bubble, Google was still young, one could feel innovation in the air. I remember writing blogs in html/js, hacking linux terminals at uni and learning almost every language that was out there. Oh, and there was WAP for mobiles. Modern Internet was being born.
The excitement came and went as the bubble burst and since then I never felt anything like that before.
Until now.
Blockchain is an invention that could only be compared to the invention of Internet itself. We don't really grasp what can be done using this technology, but one thing is for sure: things are not gonna be the same again.First of all, we don't need central authority anymore. We can produce currency at home without fear that King’s henchmen come to our house and cut off our hands. It never happened before.
Another interesting thing is we can be paid for our activities on the internet - steemit model. Why would I want to watch youtube if I can watch videos on DTube and get paid? Of course these platforms are a little bit rough now, but they will get better or there will be other ones.Who knows what is coming next? Blockchain based mortgages? Healthcare? Stock market? Do we really need fiat currency? What about voting and governments themselves?
We are at the beginning of a new era, right now it is wild wild west, but things will get better, it is just a matter of time.
People who think Blockchain is a temporary phenomenon are simply wrong, in my opinion they just lack imagination.
The genie is out of the bottle.
Be prepared.
Your article is great.. but when you said "we" can create money ourself.. well there is a problem with that.. who are those "we" ? you? me? or whoever is reading this post? At the end of the day, we the public are again under a central authority, not to the government if we reject government issue currencies and move to another currency, by authority I'm referring to those who are making there "currencies"
Yes it's the developers of these curriencies.. Let's say we reject all kinds of other currencies and Steem Dollar is now the world currencies and everyone is using it for any kinds of trade.. can you call that decentralized and the elimination of government? Ofcourse not.. we will then be under the rule of Steemit Whales, or the ones who created Steemit and mined millions of currencies and kept it on their accounts.. at the end of the day we the users are keeping this network and working for Steemit Inc but yeah we are getting paid for it with small amounts of Steem or Steem Dollars, but they who "created" or "developed" this can print unlimited amount of new currencies.. then we are just replacing central banks from printing but we are giving that authority of central bank to Steemit Inc or its CEO ned.
In the end, whoever will have more Steem Power to generate newer Steem or Steem Dollars will play the roles of Central Banks...
I agree and disagree. right now all these cryptos are quite young and basic. whales problem can be addressed and hopefully WILL be addressed. if you look at number of coins right now, only handful of them gained mass popularity and are actually used for something else than speculation. XMR for darknet payments, LTC for payments in general, ETH for dapps etc etc.
still, I believe that if something goes seriously wrong in ie LTC land, people would switch to something else. I dont think we should think of national crypto currencies in this new scheme - more like popularity :)
best regards, thank you for kind words
Hi buddy
why you stopped blogging?
anyway I just learned that we have mutual friend @davidke20
so I decided to follow as Im also passionate about crypyto
well, i need to think what exactly i want to blog about.
too many spam bloggers around ;]
Blog about important things :)
Nice :)
thank you!
Great info. Same as you was an IT guy back in the early 2000s. Which country do you live?
Back then I was in Poland, now I live in UK. In foreseen future I may be back in Poland :)
1 more upvote for you. That's all I can do for now. Have fun staying around.
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STOPi think great an long coin is XRP , ETH ,XLM , DGB and SC
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