To answer this question, I feel it helpful to look at what is taking place in the larger technological context. We also have to consider what things will look like from an economic perspective.
In this video I discuss some of the factors that I am paying attention to.
▶️ 3Speak
Quite interesting your thoughts on this. The prediction of 5- 10 years to me may not be achievably, a time for steem adoption, as long as there are no official adoption of this into the academic and corporate sphere. I am thinking of how we could have a crypto sponsored academic research which will help attract the corporate sectors. What do you think?
Posted via Steemleo
Crypto sponsorship is a great way to get the names of the different projects out there.
The key first is to get people involved. Keep growing the number of users with wallets. Thus, the corporations will have to pay attention.
Posted via Steemleo
Indeed, many are not aware, even very educated people. The way to their awarenes would be when it gains corporate attention. I just created a community #hive-191001 and my target users would be students and Academics. I want them to begin research interests in crypto and have them published in journals and get to talk about them in seminars.
When they start sharing their research outcomes and earn some steem and related tokens, then they would be more interested in getting more wallets and expanding their transactions with crypto. THis would further let them begin to hodl and want to purchase tangibles.
Looking forward to when we can pay for conferences with Steem, LEO, other tokens and also purchase academic books and journals alike.
I would be glad to have your support and to join the community.
Posted via Steemleo
Indeed, many are not aware, even very educated people. The way to their awarenes would be when it gains corporate attention. I just created a community #hive-191001 and my target users would be students and Academics. I want them to begin research interests in crypto and have them published in journals and get to talk about them in seminars.
When they start sharing their research outcomes and earn some steem and related tokens, then they would be more interested in getting more wallets and expanding their transactions with crypto. THis would further let them begin to hodl and want to purchase tangibles.
Looking forward to when we can pay for conferences with Steem, LEO, other tokens and also purchase academic books and journals alike.
I would be glad to have your support and to join the community.
Posted via Steemleo
Interesting transit of Uranus in Gemini trine Pluto in Aquarius symbolize's network explosion of smart contracts executing on massive scale. This happens in the element air in 2026.
I do have a worry that I've not been able to settle about the possibility of fractional reserve bitcoin (fake bitcoin being issued on centralized exchanges that don't submit truth to the blockchain).
I think the key is to make sure that people understand how important it is to become your own bank. If users stay complacent leaving their crypto on centralized exchanges, then JPMorgan might buy up Coinbase, Wells Fargo buys up Kraken, etc until all those exchanges are playing by banking rules.
What if the exchanges follow their usual 1:9 rule of issuance buying only 1 bitcoin for every 9 bitcoin that is bought on their exchange. That could cause massive price suppression and be the reintroduction of QE but in the crypto space. The only way to stop this is to make sure you're following Trace Mayer's proof of keys.
Yes the exchanges are certainly doling out more "bitcoin" than they have. Some are going to be stuck holding the ball on that one.
The bankers getting a hold of a coinbase is certainly something to watch. Although with blockchain, you can always verify the number of tokens out there. The fraud is harder to pull of when an open accounting can take place at any time.
People will have to keep learning the hard way not your keys, not your coins.
Posted via Steemleo
Great Video and I agree with everything you are saying... I think you are on point 5-10 years could be the turning point. I was also reading something just the other day about Car Manufacturers Jaguar & Land Rover using tokens - To Help Pot Hole Issues. https://cryptodaily.co.uk/2020/02/iota-dlt-jaguar-pothole-issue . You are right on point.
Now I don't even think about when crypto currency will go mainstream because a different system will over Shadow cryptos sooon which is much more superior and descentralised
And what system is that?
Posted via Steemleo
It all sounds like a conspiracy theory for now. But I have a gut feeling that the centralised system will come and take over in a descentralised way with something new. Just look at how steem has been taken over by just one man
Great Content, Great News,
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Summary:
In this video, Task discusses the future of technology, the evolution of the internet, and the role of cryptocurrencies in the upcoming technological advancements. He highlights the potential for a shift towards virtual worlds and the integration of physical and digital domains. Task emphasizes the growing importance of cryptocurrency due to its decentralized nature and its ability to exist outside the traditional fiat system. He predicts a significant increase in cryptocurrency adoption in the next decade, especially as technological advancements like AI and decentralized platforms continue to develop.
Detailed Article:
Task's video delves into the future landscape of technology and how it is intertwined with cryptocurrencies. He begins by pointing out the rapid evolution of the internet and predicts a future where screens will be replaced by immersive virtual reality experiences, blending physical and digital worlds. He foresees a scenario where businesses, gaming, and online activities merge seamlessly, creating an environment conducive to cryptocurrency adoption.
One of the key distinctions Task makes between cryptocurrencies and fiat currencies is the decentralized nature of cryptocurrencies. He explains how cryptocurrencies can transcend geographical boundaries and be utilized by individuals globally, unlike fiat currencies issued by specific countries. Task anticipates a surge in the distribution of cryptocurrencies over the next few years, emphasizing the direct transfer mechanism from blockchain to individual wallets, without the need for intermediaries.
Task draws parallels between in-game currencies in the gaming industry and the potential for tokenized economies in virtual reality settings. He predicts a shift away from fiat currencies, suggesting that major players in industries like autonomous vehicles and ride-sharing may create their own tokens to facilitate transactions within their ecosystems.
Moreover, Task predicts a significant increase in cryptocurrency adoption in the second half of the decade, envisioning hundreds of millions of users engaging with cryptocurrencies. He highlights the power of individuals being able to create money and fund ventures through cryptocurrency, fueling technological innovation. Task also raises the issue of technological deflation and how cryptocurrencies can provide resources to support technological advancements amidst deflationary pressures in traditional economic systems.
In discussing the future impact of AI on industries and the need for its integration with blockchain technology, Task underscores the importance of decentralized platforms in fostering innovation and rapid development. He emphasizes the capacity for decentralized systems to outpace traditional centralized structures in terms of innovation and adaptability.
In conclusion, Task emphasizes that the journey towards widespread cryptocurrency adoption and technological advancement is a long-term process. He expresses optimism about the explosive growth and transformative potential of cryptocurrencies and decentralized technologies in shaping the future landscape of technology and economies.
i agree with your perspective on the issue and you made great points
Posted via Steemleo