Digital Assets Will Usher In Another Age Of Exponential Wealth
We are about to embark another age whereby huge amounts of wealth will be generated. Like the last iterations, we will see not only greater wealth but more people involved in it.
In this video I discuss how we are going to see this arena move into the quadrillions. This is following the most successful era in this realm, the Internet age.
▶️ 3Speak
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I absolutely agree with you and excellent idea.
I love your analysis of such thought-provoking subjects like the possible future that we can create with blockchain technology.
Still early. Innovation is going to be key. We havent even really experimented with this much.
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Well we've got play to earn video games like @psyberx
What do you think about them? You checked them and lvl out?
Imagine how easy it will be to apply and receive finance, all but instant without having to go into a physical bank. Transfer of wealth will be instant and so will its creation.
Amazing stuff what is happening.
Yep. It really opens up a new arena.
Imagine being able to take your coins, stake them, collateralize the stake, and get a mortgage or car loan.
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Oh man that would have made my life a lot easier currently with that ability. Ah well maybe in the future some time near
I believe that digital asserts are still having a general acceptance setback because of high rate of people that are not familiar with computers i.e computer illiterates.
If at least 60% of the world population is exposed to ICT, I strongly believe that everything will be actualize easily.
However, I’m glad that some countries have started accepting digital asserts I.e cryptocurrencies
More than 5.2 billion people are online. This means most of the planet has computing access, even if through a smartphone.
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I don't know for the others, but HIVE will generate wealth for us in the future.
I tend to ageee with you.
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https://twitter.com/1415155663131402240/status/1601786382157897729
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The shift towards digital assets will remove a barrier for transacting in the physical world so I can definitely see it expanding a lot. It just makes me wonder if it will inflate too much though because there could be some very shaky digital asset economies.
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Gatekeepers add friction to the system.
Digital assets removes this.
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Summary:
In this video, the speaker discusses the evolution of wealth generation over the last 150 years, tracing back from the Gilded Age to the Industrial Revolution and the digital age. He highlights key figures and families who accumulated significant wealth during these eras. The speaker emphasizes the current potential for wealth creation through cryptocurrency, Web 3.0, Hive, decentralization, and DeFi. He predicts a significant rise in wealth creation opportunities through projects like LeoFinance and Splinterlands. The speaker foresees the digital asset world expanding into quadrillions and anticipates a surge in the number of millionaires and billionaires due to the exponential growth potential in the cryptocurrency space.
Detailed Article:
The speaker delves into the history of wealth generation, starting with the Gilded Age in the United States, characterized by powerful industrialists like Vanderbilt, Astor, Rockefeller, and Carnegie. He contrasts this with the Industrial Revolution and the massive wealth created during that era, citing examples such as Bill Gates, Mark Cuban, the founders of Google, Zuckerberg, Larry Ellison, and Michael Dell. These individuals represent the exponential growth in wealth compared to the Gilded Age.
Moving on to the present day, the speaker discusses the current era of wealth generation fueled by digitization, computerization, and the internet. Figures like Elon Musk and Jeff Bezos are highlighted as products of this era, with their wealth continuously growing over the last two decades. The speaker then transitions to the discussion of Web 3.0, cryptocurrency, decentralization, and DeFi, emphasizing the potential for exponential wealth creation in these domains.
The speaker provides examples of potential wealth creation through projects like Hive, Splinterlands, and LeoFinance. He explains how early investment in these projects could result in significant returns, potentially turning individuals into millionaires. By envisioning the future potential of the digital asset world expanding into quadrillions, the speaker anticipates a surge in both individual and collective wealth creation.
In conclusion, the speaker reflects on the ongoing trends of wealth generation over the past 150 years and predicts a significant increase in the number of millionaires and billionaires due to the vast wealth creation opportunities presented by the cryptocurrency space. He underlines the transformative power of this era, which he believes will surpass the wealth creation seen during the internet age and benefit a much larger population globally.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.