The Internet is the biggest copy machine the world ever created.
Everything that goes on the Internet wants to be duplicated. Over the last 20+ years, we saw many industries learn this lesson the hard way. For this reason, when the Internet comes for your industry, things do not end well for you. This is a medium that is more efficient and makes things less costly. This is fatal to entities that try to hold onto their old model.
Did you notice what happened to in the music industry? People were duplicating songs which really upset the record companies (and Metallica). What was their response? To sue their customers. They simply ran an old model to a new problem. Of course, they were able to take out Napster but then sprung up the likes of Kazaa and Limewire. Peer-to-peer ended up all over the place along with torrents.
We saw the same thing happen with movies and books. Anything put online could be duplicated and distributed. Even today, those with a Usenet reader can find most anything they want for free.
Going back to the beginning, we saw the Internet radically transform a couple major areas.
A. Information
When the Internet first started, most of the web pages were information only. They were basically static pages for people to read. While this seems rather archaic now, it was revolutionary at the time. Over the first decade of the Internet, we saw information become abundant. It did not take too long for there to be more information available than one could consume in a lifetime. For the first time, the world's knowledge was available for all who were online.
Like the record industry, this radically altered publishing, newspapers, and journalism. Even newscasts were affected. Many believe the 24 hours news cycle was created by the emergence of CNN and, I guess, in part it was. However, I believe that a major piece of the puzzle was the Internet. Each time you log in for your email, you get the headlines of the days stories. Many sites have the latest news streaming across the top. In essence, news that is an hour old can be termed "outdated".
B. Communication
Going back 30 years ago, there basically were 3 ways to communicate without being face-to-face: mail a letter, fax, or call on the phone. This was the extent of the communications system for most people.
Once again, with the advent and progression of the Internet, we see a radical difference. Today, there are hundreds of ways to communicate. To list just a few:
Yahoo messenger, Google hangouts, Facebook, Skype, Snapchat, Twitter, Reddit, Email, and KIK.
Like everything else, this disrupted those who were in the communication business. Compare AT&T and Sprint's long distance billing now to 20 years ago (I won't mention MCI who disappeared but not because of the Internet). VoIP became a competitor to the local telephone carriers. Of course, email really took a toll on the postal system.
Now we have a system of abundant communication. We can interact with billions of people around the world without leaving our sofas. There is no shortage of ways to reach someone or distribute information. Over time, the ways we have to communicate only keep multiplying (like information). Again, the world's biggest copy machine.
The main thing these situations have in common is the Internet changed the power structure. Those entities which were in control either were eliminated or had their power severely reduced. The news was a tightly controlled system with the nightly news casts wielding tremendous power over its viewers. We saw the same thing with newspapers. They were the source of news and really were uncontested. Today, the nightly news is a dying entity while the newspaper industry is in shambles.
This situation keeps repeating itself. What is astonishing is people fail to realize what is happening until it is too late. In hindsight, it looks obvious but few even bother to look. They hold onto their old paradigm believing they can "weather the storm". When things start going downhill, they take off the gloves and fight back. This is exactly what the record industry did. Turn to the court system (read government) to bully people into compliance. The tried to eliminate peer-to-peer sharing and keep their money-making system in tact.
Ban, bully, sue, demonize....sound familiar?
Of course, this is the modus operandi being presently used by the banksters. They are one of the next targets of the Internet. We are entering an age where the next level of advancement of this medium is finance. And what an uproar is it causing.
People question whether cryptocurrencies will really impact the banking industry. The answer is that cryptocurrencies are symbolic of what is taking place. It is not cryptocurrencies which are the threat to the financial industry but the Internet. This is taking the form of blockchain technology. That is why the attacks on cryptocurrency are totally senseless. Of course, the music and movie industries thought that attacking the file sharing entities and punishing those who defied their system by holding the "pirated" content made sense too.
We are now seeing the Internet of money (also termed Internet of Value). Currency is now in a digital form. This is the next wave of the Internet's evolution. Cryptocurrency is just an app in a much larger picture. We are also going to see instruments such as DAO (Decentralized Autonomous Organizations) be erected on top of the blockchain which, effectively, will be a printing press of money. Commerce will take place without any human interaction.
I am hoping you can see why I stated in the title that "EVERYONE Will End Up With More Money Than They Can Spend". The Internet creates abundance. We saw the creation of abundance information and communication systems. Now we are starting to see abundance through the development of the first financial app. Today, there are almost 1,400 cryptocurrencies; 5 years from now there will be 14,000 (if it takes that long). Since we are in the early stages, many still are tied to the old system. Hence, currencies are acquired via a buy in like a stock. This, of course, precludes a great many people from participating.
Fortunately, we are starting to see the evolution past that. Currencies are being created which compensate people for what they normally do. The steem blockchain is a prime example. Those of us on here are being reward for what we put into this site. While many could claim they are not getting enough, anything is more than they received before. This is the multi-trillion dollar point: we are seeing the progression. At present, you earn a few cents, in 6 months, it could be a few dollars; in a year, hundreds of dollars. In a decentralized model, there is no entity to cap or limit how high things can go.
The Internet became a throttled entity since mega-corporations basically took control. Blockchain is correcting that situation. When innovation is put under the watch of a company, it is stifled. Now, we are starting to see that unleashed. The Internet of Money (Value) is going to see a ton of developments over the next few years which will create abundance. We always were in the "attention" economy. The only difference was that entities were paid to grant companies access to our attention. Soon, that is not going to be the case. Entities that want our attention are going to have to pay us directly since the centralization of these models is being disrupted.
30 years ago....
I had maybe 1,000 songs in my music collection...today I have access to 33M with Pandora
I had maybe 20 movies...now I have hundreds of thousands with Netflix, Hulu, Amazon, and illegal streaming sites
I had one newspaper at the house...today I can view almost all of them.
Today I have $1,000....10 years from now...millions?
The Internet is the world's biggest copy machine and it is entering the financial arena. We will see the same fights, most likely using the same tactics, as Hollywood and the record industry engaged in. Fortunately, we are also going to see the same futile results.
It isn't cryptocurrencies that will destroy the banksters, it is the Internet. Remember this the next time someone says the banksters will win because they can buy up bitcoin. That is just the tip of the iceberg.
And just like you have more news than you can consume, more music than you can listen to, more movies than you can watch, and more people than you can communicate with, you are also going to have more money than you can spend.
This is not my promise but that of the Internet.
If you found that article informative, please give it an upvote and re-steem.
Pictures by Google Images.
14000 crypto-currencies in 5 years is a little conservative, I would probably guess a much higher number. Once atomic swaps work as intented, it doesn't matter anymore which crypto currency you hold, by that time they can all be converted into another currency, at zero cost and in a decentralized manner.
I think that in 5 years time, centralized crypto currency exchanges will have become obsolete.
I agree @fitzgibbon...centralized exchanges of all kinds are going to be eliminated.
There will be a day when things like the NYSE and CME are gone.
You are probably right about the 14K being conservative....but most cant comprehend that number.
Most have traded items on their schoolyards. Collectible basesball cards, pokemon, other stuff.. For all those kind of things a crypto-coin will be introduced, by anyone who feels like it, in a manner of minutes.
7 year old kids will start their very own blockchains and coins.
Whoa ! It is like you are reading my mind.
You mention Napster,etc...
So this is the tip of the iceberg.
What we see today is the beginning of the true power of the internet.
Steem is more like that in a way.
The more steemians, more the reward for the beginners or investors.
All I can say to all, LEARN, stay inform cause it will get easy for the FIRST COME FIRST SERVE.
Can you believe one day steem is value at $100 ? still low but very good for any steemians that GET it now.
Keep on steemit.
thanks for sharing and discuss about bitcoin crypto...bitcoin is my best coin...
You can take me, but you cannot take my bunghole.... For I have no bunghole....
shared this with my facebook as i want to share this good news! this is a great, eye opening look at how the internet has such abundance and possibilities! so many times when i'm on steemit with all of you other great folk, i feel like we are on the right side of history, being on the cutting edge
of something fantastic happening for humanity. when i think about the potential for so many of us to make so much money doing what we already do! it makes so much sense to me! decentralize Who is getting the return on our inputs. life can be unfair for so many, the rigged system profiting for those on the top- (there are still imbalances in steemit too), but we also see so much potential to make money and live our creative lives. great piece!
Well thought out and a lot of good points...resteemed. DAOs have the possibility of changing the fabric of the world in ways we don't even comprehend yet.
So you make some good points here, but I do have a relevant question that has been bothering me. What is to stop the people who have money now from just buying into these new systems and gaining an equivalent amount of power there. For the most part these people and corps didn’t get rich by being stupid. What’s to stop new system, same old power brokers?
Power over what? The blockchain which is the Internet? How can they do that?
That is the point. If they want to buy up bitcoin and try to control that, they can...perhaps. But how are they going to buy up every currency created? When a teenager can log on, download the open source code, and create a new currency in an afternoon, the expansion is too great for even the money to catch up.
As I wrote the other day, I dont care how much money Wall Street pumps into cryptocurrencies, there is no bubble...and there will never be a bubble. If they run the marketcap up to $6T next year, that is a 6 fold increase. Blockchain is going to have a 1,000 fold increase in 2018....Wall Street is still lagging way behind.
Add in DAOs and you find that there is no power to broker...the software has it.
I was thinking about just buying up a large chunk of currencies. For example getting lots of steem means you can get even more steem. Sometimes it feels like today the rich just keep getting richer and expanding into crypto only makes sense. Still you made some very good points and have given me more food for thought.
@rantar - at the highest levels of political control, to buy into a system of limited money is akin to placing themselves in a straight jacket. Sure they will be rich, but they will no longer be able to print up their own money whenever they want which will force accountability. As Stefan says in this video, if Bush 43 had to go to each of us and ask for $75K from each American stating the reason that "Saddam is a bad guy" as the reason why we must do it, the war would never have happened. Unlimited money allows the state to pass off debt onto future generations and amass incredible power. Bitcoin and most other cryptos would place state power in check...
True, one of the beauties of the blockchain is nothing is hidden. People will be accountable and you won't be able to make something out of nothing. Thanks for showing me that way to think.
Damn, I hope you’re right.
That would be a nice problem to have, as long as it’s not accompanied by Weimar-style hyperinflation.
Technology is going to make hyperinflation impossible. In fact, I believe on a worldwide basis, it already is.
Look at the easing by central banks the last 10 years.... 15 years ago, that was unfathomable money "printed" yet it was and where was the inflation? Why wasnt it there?
This will be the subject of a post.
Great thoughts. When you put it that way (internet as an engine for abundance) it is hard to argue with your conclusion that those who utilize this internet of value will have abundant value.
Way to put things in perspective. You did a great job of stepping back and looking at the bigger picture in this piece "The internet is the world's biggest copy machine" Love that line!
I found this article to be extremely informative and enjoyable to read. I'm going to share a link with the readers at https://honeybadgerdaily.com/ with tomorrow mornings headlines. I hope that you don't mind! Cheers!
Share away...thank you @wingo11.
I am glad it could help.
One of the most interesting articles I have read on Steemit so far, excellent work! I have never thought of it that way, but you are totally right to say that the internet is causing this, and not cryptocurrency.
100% upvoted and resteemed!
I have to agree with most of all you said in this post. I have watched the internet grow exponentially over the last thirty years and am thankful to be a part of this evolution. I see cryptocurrencies playing a significant role in changing the way people view money and value; for many it already has but I see this becoming even more essential in the long term! I plan on staying with the Steemit platform long-term. I can only imagine how things will look in say, five years!
I agree that cryptocurrencies will be an essential part long term but I feel that DAO are the real game changers. That will have even more impact upon society (and jobs) than people know.
Those apps might dwarf the crypto impact.
I am hoping for the best! It's truly awesome to be a part of this community and amongst so many exceptionally bright individuals!!
I want to remember this when i have more money then i can spend! :-)
Great post. i wish i could write this well.
In the meantime i stick with my art :-)
Best wishes to you!
In the future, such a thing as a starving artist will be a thing of the past. We are working towards as age where people will have the resources they need so they can focus upon their passion. The world needs art desperate, in all its wonderful forms.
The day I refer to in this article is a ways out...plus there probably needs to be the bridge that I mentioned earlier in the form of the basic income project .
Give people an option instead of forcing them to spend hours doing something they hate.
Just wait for the arrival of 5G networks and this things are gonna grow much faster.
Absolutely @hackerwhacker.
That is a prime example of the acceleration of breakthroughs...that and autonomous cars.
I recall reading about AC in 2013 and the projections were that there would be a prototype available in 2025....yet 4 years later, they are in the streets in Phoenix.
5G was projected to hoped to have a demonstratable system by the 2019 games...now I read there is a full operations system slated for the 2018 games and there will be major implementation by 2023.
What was a decade long process a couple years ago gets shortened to a few years....that is the accelerating pace of things.
yes very well said. We are all going to be connected machines very soon.
Oh dont start that...you will get the anti-tech people stirred up...
I had a debate with one a while back....it is simply amazing to be debating someone who is arguing the demerits of technology and how it is a plague on humanity...on the Internet.
Log off and send me a smoke signal.
I will just tangle you over IOTA :p
To answer many questions, you have given us your post through a lot of questions and many thoughts have been working. I would like to appreciate your post. In fact, you have decorated the post in a very nice way. To work on steemit, everyone has to know about what you have reached. Do not post like you do not want to know everybody
I understand your point of view @taskmaster4450
However, I don't think it will work out that way.
This is a great step in the right direction, but the time in which people will all have access to the resources they need is very far - unfortunately but realistically.
I imagine that will be attainable at the long term, but I just can't see it happen soon. A lot of battles have to be waged already.
Cheers! Upvoted.
Woah, interesting take on things, I've never thought about it this way but you're totally right. Everything has become abundant once put on the internet, info, socializing, entertainment, learning.
It seems like sharing is caring is a true saying here, once something is shared online, which acts as a web connecting almost everyone, it grows. Money has long been held as something that couldn't and shouldn't be shared, but if it follows the trend set by other things, why wouldn't it grow and benefit everyone.
I think with the blockchain revolution as well as other technologies coming out we are going to be living life in a completely different and potentially awesome way in the near future.
I agree that life will be radically different in 10 years...maybe even in 5. It is hard to judge how quickly some things get adopted. Technology often outpaces people's willingness to change.
We are in an era of expansion. The Internet is a central premise in all that is taking place. Every new technology is somehow enhanced or needs the Internet. Blockchain is the next evolutionary process in my opinion. There is absolutely no way to stop it.
I think you are a little too enthusiastic with this. If you think it trough, when everyone has more money than he can spend, hyperinflation is the logical follow-up, as people will want much more money to do hard work.
And it's not the banks that will fight back, at some point states will have to protect their currencies. And rich as blockchains can get, states hold the real power, based on people and armed security forces.
I don't think it will come that far though. The blockchain is a wonderful technology that enables decentralization. But it's arrogant to believe that decentralization is beneficial for every single thinkable application. I think cryptocurrencies and fiat will at some point coexist as equals, each with their preferred field of application, but none will extinct the other. To stay at your examples: music, films, books are still produced by centralized corporations, even though they are copied/distributed after publication.
And as you said that internet amke the dublicate and distribution. And as you had talk about early development of internet and then about newspaper and right we get the news.
Yes right early communication is limited but now its happing just on seconds. And very right iis that next banking system well be shifted to cryptocurrency and I can see that what is the meaning of your tital and it's good to be in this system and the main difference is that it's not in control by government. And its good to understand the importance of internet and it's really a great post.
Awesome! This is such a rock solid post on every level <3 - I hope many people will read this! Will also share it on Facebook....
To be honest these things scare me @taskmaster4450
Looks that things will go this way forward. I notice more and more articles which conclude similarly. We're on the right vehicle, here, at Steemit :)
Your posts are great and very similar to mine. We could learn a lot from each other.
It almost feels like what we're doing is illegal. Like we have insider information and we can turn $1000 into a million no problem. That's not important though... because in the new world brought on by crypocurrency, we need to use our leverage to make the world a better place, not hoard a bunch of ones and zeros.
Good
Thanks for sharing
Nice article there. Cryptocurrencies will disrupt the day to day transactions like paying money with fiat money in the future. I hate the banksters who have reap off the seeds of mankind. Let them die
what do you think about bitcoin?
stop copy pasting your comments in all posts that have word crypto.
I just to compare some bitcoin user opinions.
ha ha ha
The current price of bitcoin is irrelevant in the long term, and that's what this article tries to point out.
thanks for post :)
I will read in detail
very nice post of internet earn money...
i want yo try internet earning money....
i learn about earn money your post.....
My questions would be: how long do you think it will take to get to that future. And do you think getting as many coins in our wallets is the way to get there faster?
Timing the future is usually art more than science.
The one thing I can say is my observation over the last few years is that projected time tables seem to be beat quicker than expected. I mentioned in a reply that autonomous cars and 5G are occurring much quicker than anticipated just a few years ago.
As for coins, yes I do believe getting as many coins will help in the future. But even more than that, the big things is pushing the entire decentralized ecosystem forward. Obviously, that requires a ton of development, something that a guy like myself cant assist with. Fortunately, there are hundred of thousands of developers working on that end.
For the rest of us, spreading the word and adding the the blockchains, like posting on here helps a great deal. Each post and comment can be built upon. The longer the articles with the comments, the more likely that is to get a better Google ranking.
Like the manna link I gave you (the corrected one)...getting you to sign up and then start spreading the word only helps the entire process forward. Can we make a difference with that one project in the lives of hundreds of thousands in a year? That is my goal...
So how quickly is out of our hands but we can certainly assist the process by putting in the effort on our end.
Wow, that was quite an answer, it feels great that commenting and posting is actually contributing to a building a better platform. Before I read a post your wrote about this a while ago, the value of our contribution didn't even cross my mind. Even though I have a great career on paper, I feel I want to do more with my life: to explore, to have adventures in the wild, to travel, etc. All this won't happen if I'll spend most of my life going to work. So UBI and crypto is like the savior I always needed but didn't knew existed. The only question is: how do I make it work for me.
The specifics I cannot give you but in general garner enough coins that you are on stable footing.
My two biggest additions in terms of my focus are steem and manna. Those are the ones I can put effort into and get more out.
I have some I bought with fiat that I hold and will continue to do so. As I get some more fiat, I might add some more to the till.
To me it is a matter of continually paying attention to the changes taking place. As I keep saying, and it shows in some of the comments, it is a new world that is taking place and people cannot believe it.
Sorry, I should have made it clear it was a rhetorical question :) but your advice was useful nonetheless.
very interesting perspective. I just posted this on Twitter as I think it really offers great insight into the role of cryptocurrency in the future. I also think that future is coming much quicker than many of us expected.
thanjk u ,but ,I can not hide my concern in the future ...
Interesting take.
When blockchain really takes over the early adopters (hopefully we) will see massive gains.
The first adopters of crypto already are enjoying huge results. Let’s hope we, the second wave of adopters (at least me) can achieve similar results.
That is certainly my thoughts @dedicatedguy.
I believe those who are on the platform now and even acquiring 100 SP will profit handsomely. There is so much upside to this it is amazing.
We all just need to keep pushing, adding content, and commenting. That will make this place even bigger.
It's a very promising thought because if you follow the logical progression from the internet overtaking information, then communication, then finance...what's next? Government? That's where I see the true endgame because it will allow people to be free for the first time in millennia. Governments won't go away, but they will see their power reduced back to what it was meant to be - and they will once again be a tool of the people and for the people - not only for corporations and the rich.
Another great and inspiring post @taskmaster4450
Hmm, I think the penny is dropping for me. As we take more control out of their hands they ramp up to try and force more and more control. The bribery and sweet talk no longer works because we can see through it too easily now, so show of force is the current plan. I guess they could try and control the internet like the communist, dictatorship regimes and I wouldn't be at all surprised if they try that at some point.
I'm no expert, but the manner and timing of the ffc ruling to dismantle net neutrality with the tax reform seems like potentially a desperate grab. Did you notice how high Bitcoin rose leading up to the passing of the tax reform?
I'm not in the US so I didn't realise that the net neutrality coincided with the tax reform. I also noticed the increase in bit coin, but again didn't connect the two. Certainly makes you think.
Final votes on net neutrality and tax reform 6 days apart at the same time Bitcoin and cryptos were skyrocketing.
http://money.cnn.com/2017/12/14/technology/fcc-net-neutrality-vote/index.html
https://bankingjournal.aba.com/2017/12/landmark-tax-reform-bill-clears-final-vote-enactment-could-happen-in-2018/
True, and I mean.... We when all have our basic needs met through say, unlimited free renewal energy, a roof over our head, local unlimited renal food system, and then you have the crypto world that gives you the money to do the things you normally do as you say.. Well it sounds logic that st some point we pass the need to even have and make use of money. Really reminds me of the Venus project (you should look into that if you haven't)
Very wise words. After reading your article, I wondered what would happen if at least half the world's population realized the information that you wrote. You will not believe, my imagination has failed, I could not imagine such a reality. I can believe that this information can be understood well by a maximum of 10% of the population. But what about the rest? And the rest just do not care. And they do not give a damn because the states make them semi intelligent people whose basic needs will be the satisfaction of animal instincts. And at parting, a small appeal to all Steemit users, if you accidentally read this article, and by some miracle read this comment - stop believing everything that is said in your state. So, how they all lie! This is probably my biggest comment ever.
Thank you for the article. Good luck to you and good.
Kazaa was super, finding music was so difficult without this nifty futuristic software or what we call apps today!
There was a person on my FB page who was trying to sell me (aggressively and incoherently) on crypto currency. I didn't understand a bit of what he was saying. You, however, make a lot of sense. I joined steemit because FB is boring and suffocating, this platform seems to be a better place to actually learn and interact, and I'm stuck in a situation where I need to earn an income. If I only earn a dime equivalent of cryptocurrency, it's more than I can make in dollars in my circumstance. Plus, I cannot wait for the evolution you mention to come to fruition! People in America are not slaves to money. They are slaves to the dollar. That's because the dollar has been positioned in such a way that it's the only currency people have had access to, until now. Technically not monopoly, but in practice for many people it equates to that in their personal lives. Anyway, thanks for the thought provoking post
https://steemit.com/abuse/@lukestokes/whales-you-have-some-flagging-to-do
Please resteem or promote or delegate sp to a good witness that cares about this platform