This is the core concept of technology.
It is easy to see how as technology advances, we are able to achieve (do) more with less. This is epitomized by computational power. We get a lot more processing out of smaller chips.
Less material. Less power. Less space.
Yet we still are able to get the same (or greater) output.
Here is where we see expansion taking place. A core concept to building networks is the more they grow, the more they can achieve. As more powerful entities join, either technological or social, we see the ability to propel things forward in a way not previously envisioned.
It is also why human progress keeps expanding and growing.
Source
As we embark upon the virtual world, we see even greater potential. We are closing in on the need to adhere to physical laws and enter the realm of the infinite (or near). The transition to the virtual will allow even greater possibilities for each individual.
Over the centuries, we saw money change form yet it was always tied to the physical. Whether it was based in gold, paper, or whatever form, there was a limit due to its physical nature. This, of course, changed as we entered the digital realm.
With cryptocurrency, we are seeing this taken to even greater heights. Abundance is upon us since the ability to create money is tasked to every individual. This is a complete change from centralized entities that presently run the world.
In a near-infinite realm, the potentiality of humanity is increased by orders of magnitude. Our economics are going to be completely rewritten. Our present models were designed decades ago, in a world where capital, labor, and raw materials ruled. With quantum, nano, and virtual taking over, we see a shift in how our models will work.
Eventually, automation in the virtual will allow us to enjoy abundance never thought possible. It will consume less energy, time, and attention. We will be operating many different avatars, all operating as our own personal "workers". In the end, we will be pushing them into a variety of worlds, simultaneously, embarking upon great adventures.
Could we process all of this at once? Some theorize that it will be possible. If brain-to-computer interfaces are perfected, we will be able to process multiple ideas at one time. This will truly make us "superior" to what we are today.
When we look at how far blockchain and crypto came in the past 5 years, we can see how much potential exists in the new half decade. Ethereum only just celebrated its 5th birthday. Steem/Hive is still not yet at the half decade mark. Cardano, Polkadot, and EOS were not even thoughts at that time.
DeFi exploded the last 12 months. It will likely continue as it reaches out to other chains. The tens of billions will transform into trillions by mid-decade. This is how radical the growth rate can be.
We are involved in a world of a self-organizing super system. It is decentralized and distributed. This means that each participant is adding on a daily basis, taking the entity on a path without any pre-set direction.
The momentum that comes from more development and activity equates rapid growth. In totality, this becomes a living, breathing mechanism that takes on a life on its own.
Incentives are being designed to benefit the masses. Instead of an exclusionary system, we are seeing inclusion as the main characteristic. This will allow more people to profit without costing others.
The Network Effect is a powerful mechanism. It is the basis for the wealthiest companies on the planet. The key is to utilize this principle for the benefit of billions, not just a select few on Wall Street.
Technology is our ally in this venture. Unlike 30 years ago where finding developers was difficult, today coders are on every corner of the planet. We see people from all kinds of backgrounds able to contribute.
Those who are around a few years can see how much different things are. Even if we look back 12 months, which was still 1 month before the Hive split, we can see how altered things are compared to that time.
Now try to picture where things will be in 12 months from now.
The reality is we have a difficult time judging how quickly things are truly moving. The next 12 months will see a lot more created than was in the same time just gone by.
Technology is pushing things ahead and those of us involving ourselves in cryptocurrency and blockchain are immersed right in the middle of it. This means we have some major forces behind us.
For this reason, the potential for massive gains are open to all. It is something we simply do not see in the present financial system. Yet, as mentioned, we are entering a completely different realm.
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I am waiting for things to turn virtual. Then the limited amount of space in the world will be less of a problem. You could just create them in VR rather than in real life. The costs would be significantly less and you wouldn't be using up much resources.
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Yep. We are already seeing in, been happening for 20 years. I remember when music came on CDs and films on DVDs and both were played on electronic devices.
Today we have none of that. We saw the same with film for cameras, pictures, atlases, and a lot of office paper.
Technology means we see less used over time.
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That was a good read, it will be interesting to see how things go moving forward. 10+ years ago I sat in a meeting and was dismissed at a presentation I gave. At the time tech was picking up and a saying was going around.
Technology is the new Gold rush and Data the new oil. Its amazing how far we have come as a society.
Data is what drives advancements and shapes the world we now live in. From the moment you step out your door to visit your favourite coffee shop everything is being designed for maximum enjoyment.
I don't know about the avatar stuff but I know tech will push us forward, not sure what it's consequences on the poor will be. But we have an opportunity to build an inclusive world that doesn't leave people behind.
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The foundation we are laying on sites like this are what will give the opportunity to all involved. This is something that can extend to every sector of society.
We will see if humanity can resist the urge to sabotage itself.
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I agree with you.
However, on the point about humanity I will keep my mouth shut. Power plays appear anywhere where there are people as do factions and battles for control.
I have some people up my arse on Hive atm, all because I didn't agree with their "rule" so now my censorship commences.
My field is predominantly social work then jumped across to law which led me to politics. The amount of battles I have had wrestling power just to release some of it to people is insane.
Quite often it is rooted in the fear of change and loss.
The world would be a better place if people were open to change more.
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@taskmaster4450le the growth rate of the defi is really amazing...it keeps making me become excited and makes me see that the future is bright ahead....
Digital will always outbeat physical at least for most things. What I would really love is a VR headset that acts as my 4 monitors and I can still control it in the same way.
Less power usage, easier on the eyes and neck, less hardware Million dollar idea?
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yeah things have changed a lot in just a year and not just in the crypto world :P
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Anyone who appreciates an easy and good life must definitely appreciate and embrace technology and the advances that comes with it...
Good post sir @taskmaster4450le
The cryptocurrency and blockchain as a whole have changed my perception towards technology and has made me see that there is huge potentials which exist in technological development
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@taskmaster4450le it is interesting to see that we humans are creating technology that will make things easier for us and make things better for us too..