The Hyper-Tokenization Of Everything
We are embarking upon a very interesting decade ahead. As infrastructure is put in place, we will see the acceleration of tokenization. This is going to reach the point where it could be consider "hyper-tokenization".
It is a shift that is going to have a radical impact in our world. This will forever alter the power structure and who is in control.
Most of the planet is not aware of how much is taking place. Those who are involved in cryptocurrency on a daily basis gained a lot more insight. We have a front seat to the power of blockchain.
This insight is vital because the next level that is constructed will be based upon this knowledge. Having a firm grasp of how things actually operate, not how we would like them, cannot be understated.
We will uncover some of them in this article.
Hyper-Tokenization
The world is about speed.
Few can dispute the impact of the Internet on our lives. This is a medium that not only altered society but also sped up how quickly things occur. The transfer of information, became almost instantaneous. We know there was a time when the fastest medium for news was the radio. Television, unless there was something breaking, would hold off until the nightly broadcasts. The major information source of the time was the newspaper and that usually appeared every 24 hours.
Today, a couple decades into the Internet Age and we see how different news (information) delivery is. We are dealing with instant distribution.
Cryptocurrency is actually bringing a similar model to money. Using the traditional system, it takes days to send money around the world. This is, of course, better than the weeks (or months) it took to send gold or whatever. Because of blockchain, we can have transactions settle in just a few minutes. A blockchain like Hive is working on turning this into a few seconds.
This is one of the features that will lead to the hyper-tokenization of everything. The ability to transfer value at the pace of information is a boom to society. Just like the flow of information had profound effects, the same is going to happen with money. In fact, it will likely have a greater impact since it is fundamental to how we operate.
Anything with cashflow will end up tokenized. Public blockchains are going to be at the core of this because they will have both the attention of people along with the liquidity to operate. We will eventually be dealing with stocks, bonds, and real estate all on the chains.
Large blockchains will have the same impact upon the global economy like nation-states do today. When we look at the United States and China, the two largest economies by GDP, we will see their importance replaced by blockchain networks.
Trillions of dollars in economic activity is going to take place on these chains. Just think of the volume of activity in online shopping. It takes a lot of 99 cent songs to equate to one Tesla. Yet, we have a lot of both being sold.
Tokenization simply adds the monetization component to what we already know and understands. Of course, the real change comes from the innovations that we cannot even comprehend. After all, the early developers of the Internet did not envision cars being sold on here.
The Downside
We have to issue a warning about where we are heading. Again, we are dealing in reality and not fantasy.
The benefit of technology is that it advancing all of humanity. Anyone who has access to it can see an uptick in their lives.
Let us take the personal computer as an example. There is little doubt that everyone benefits from the power of computing. It did for our minds what we cannot do natural. The information stored is far greater than any one person could retain.
At the same time, computation keeps growing. This is providing humanity with the ability to set up things such a neural nets which are providing a host of breakthroughs in many different areas. In short, all of humanity gained from the computer.
There is a factor that is equally relevant. The computer is a dis-equalizer. What this means is that some benefit more than others. There are people who use this it to create applications that generate billions of dollars. Zuckerberg used the computer to produce a trillion dollar company. On the other hand, billions of people use the computer to make him that money by spending hours on Facebook and Instagram doing very little that is productive.
Technology has wide impacts but it is not spread evenly. Some are going to utilize it for much greater gain. As the systems get more powerful, the ability to outpace others keeps growing.
This is why many of the top billionaires are from the technology area. According to the Bloomberg Billionaire Index, 6 of the top 10 are from that sector.
Cryptocurrency is going to end up the same way. There is tremendous opportunity presented to everyone. Overall, all of humanity will gain from this. However, we have to forewarn that it will not be evenly distributed. Many are going to end up using this technology for rather unproductive means. At the same time, others will take the concept of tokenization and run with it. They will be the trailblazers who create generational wealth. Their impact will be felt across the world.
Each of us has a choice. Cryptocurrency is still in its infancy. Those who are spending the time to educate themselves about financial matters along with the power these technologies are bringing will have a head start. Some of these individuals will build based upon their ideas. A few might end up becoming household names as they create applications or games that span the globe.
After all, impacting a billion people never was easier. Today, most of the world is only going to be a few clicks away.
Even if we do not reach this scale, understanding how DeFi will be interwoven into everything is vital.
The opportunities are starting to unfold rapidly. This is only going to accelerate as more is added especially with infrastructure.
Unfortunately, the early results are telling us something very telling. The percentages remain the same. Those who take advantage of what is before them is far outweighing the rest.
The hyper-tokenization of everything is going to change all of humanity. Some, however, will position themselves to take advantage of it.
This is no different than the impact of the Internet.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
Posted Using LeoFinance Beta
Hypertokenization of Hive was a mistake, we have dozens of tokens for everything but not enough users, many communities have their own tokens but those tokens don't hold any value, as their price reflects, and no one uses those many hive-engine tokens
I'm using like 30 different Hive Engine Tokens every month. Maybe you should wake up and start moving.
From those 30 can you name which ones you use the most and the least, and what do you do with them? Just so I can get informed better
Occasionally I flip !BEER !PIZZA or !LOL
that is 3
I'm part of the Neoxian City and their neoxian NEOXAG can be used for a curation bot.
that is 4
NEOXAG is my 6th token. Soon I will increase my stakes.
Posted Using LeoFinance Beta
Nice, The City of Neoxian is full of great ppl.
Though I have been on Hive for more than a year now and stumbled with NEOXAG for several months already, I am still clueless about how the Neoxian City works.
Well, use the tag, stake the token, hang in elements, read the papers, and interact with the people. Well, that's about it.
So far, I am doing the first two, plus content curation.
!PIZZA
!CTP
In DCity where I've been top100 for some time we use, SIM for trade and ENTRY for a special shop. In addition CINE, STEM, WEED and GAMER has utility for DCity Events.
that makes 10.
Now for Splinterlands we have a bunch as well, which I use for rewards farming on HE or just as they are designated: SPS, SPT, VOUCHER, DEC.
that makes 14.
Additionally, I have Tokens on HIVE Engine for my Plot, 100 CL Packs to just #hodl, and 2 different Totems, but those are not ACTIVE so let's put them aside.
I also have VIP and HIQ Tokens that grant me special privileges on Discord Servers, so those are active for me -> making it 16 in this list.
An honorable mention might be LEO, staked for curation and pooled in different places. But that is kind of not so active, right?
If I were to add all my Hive Engine Tokens that I re-stake/reconsider or more monthly, we could make a big leap in numbers again, but you asked for an active utility so let's stick to 16 for now.
And I don't think of myself as very active in this regard, some ppl our there are really deep into all these tokens.
There is nothing wrong with that. Those that are unused will just fade away.
That is the advantage to choice. If people want to use it, they can.
Posted Using LeoFinance Beta
That is fair. A lot is dust, but yeah, because it is so easy to tokenize stuff eventually some extremely good new project may show up around town
View or trade
BEER
.Hey @taskmaster4450, here is a little bit of
BEER
from @pixresteemer for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER
.Excellent warning for those already not in the know. Keep up the good work!
https://twitter.com/taskmaster4450/status/1568234628472836098
https://twitter.com/wheelly_dope/status/1568247615174885376
https://twitter.com/RuelChavez5/status/1568273796712509441
https://twitter.com/jude_rrj1222/status/1568616490127196161
The rewards earned on this comment will go directly to the people( @taskmaster4450le, @mcoinz79, @rzc24-nftbbg, @jam728 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I am myself going into a tokenization world day by day.
I think the blockhain technology and the cryptocurrencies should be known with their useful sides, not with as speculative assests.
There is a not of utility that will be developed.
We are still waiting for the infrastructure.
Posted Using LeoFinance Beta
Just like the internet, everything will soon be tokenized. Early adopters will be glad they positioned themselves for what's coming.
At the same time, those who find a way to add and receive value will benefit more. Compared to those who would want to waste the resources available the way they are doing today in the social media space.
Thanks for sharing, sir.
Posted Using LeoFinance Beta
It is a lot like the unfolding of the internet. Those that realize it will be well served. We are gaining on it in many ways, even aligning the adoption rate.
It is early and people need to be patient. Another few years and it will be "everywhere".
Posted Using LeoFinance Beta
My commuting earlier today had myself and the Uber driver chatting about how fast our world is advancing digitally newspapers are almost obsolete, gone are the days of videotapes, and Netflix has rendered that obsolete we can almost forget the former ever existed.
No doubt about this, we are dealing with currency everyone anywhere can access whenever wished, it can only grow from here on.
Posted Using LeoFinance Beta
That is very true. Things that were everyday items for us 20 years ago are obsolete if not totally gone.
Makes you wonder what things will look like in, say, another 15 years.
Posted Using LeoFinance Beta
It's definitely going to be a fun ride getting to wherever it is we are going. I look forward to seeing how all of that turns out. I think I can handle a decade :)
Posted Using LeoFinance Beta
It is exciting and painfully slow.
We are all anxious for the benefits of crypto to be widely felt.
Sadly, it takes time.
Posted Using LeoFinance Beta
Methods are dynamic, the world must keep going and for this to take place, traditional ways of doing things have to be push aside, not because they didn't work but because new ideas are made which do more than the old ways.
Hive and crypto currency are good example of this change. true.
Those who are aware are enjoying the light both give.
Posted Using LeoFinance Beta
It is a continued case of evolution and advancement. Not everything moves society forward, but most do.
Posted Using LeoFinance Beta
That will always happen. Those with the most resources will always be at the forefront of the chain and the rest of us have to wait for our chance.
PIZZA Holders sent $PIZZA tips in this post's comments:
@rzc24-nftbbg(1/5) tipped @manniman (x1)
manniman tipped igormuba (x1)
Please vote for pizza.witness!
Wow! I have been used to sitting in the back seat. What a privilege to occupy a front seat in cryptocurrency.
I love cash flow.
Your statements about "stocks, bonds, and real estate all on the chains" and the replacement of the US and China with blockchain networks in terms of GDP size are a great vision!
And the most important thing of all is how cryptocurrency opens the door of opportunity to everyone.
Blessings!
Posted Using LeoFinance Beta
We are going to be able to buy into all of it using our crypto. It will be exciting. I want to see something like that built on Hive.
Posted Using LeoFinance Beta
Yeah, I like to see how Hive will play into all of this.
Decentralization and tokenization go hand in hand powered by blockchain technologies. The world is reshaping itself under new mechanisms that will support and drive change in any industry. Great that we are witnessing it!
Posted Using LeoFinance Beta
The international monetary system was already decentralized. Distributed Ledger Technology is nothing new. So we have the ability to really alter who controls the ledger.
Posted Using LeoFinance Beta
Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 1480000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz:
Everyone will be a few clicks away and so true. I am looking forward to the Enterprise tokens scheduled for next month just to see which companies they are and what is going to be the use cases. I think we will see some trail blazers kicking this all off and things will rapidly snowball from there.
Posted Using LeoFinance Beta
Things are changing quickly. It will be interesting to see the impact in different ways.
Posted Using LeoFinance Beta
You’re absolutely right bosss!!
I do agree that the global economic order will be reshaped by tokenization and hyper-tokenization. But I still do not see it replacing the sovereign currency and when you take the case of China, it's next to impossible. They can co-exist, Blockchain-based currency may also become the new reserve currency and might reset the global economic order, but..........
What you say about China is true but that is not the starting point. We have to account for all those currencies which are having major issues. That is devastating to those economies (and the populations). Those will likely be the first ones to turn to cryptocurrency especially stablecoins tied to the USD. This gives them a safety net when their currency is crashing against the USD.
And when you look at the monetary system as it is, even the USD is not the major player, it is the Eurodollar which is nothing more than a ledger based system.
USD is really just a unit of account these days, nothing more.
Posted Using LeoFinance Beta
Could not agree anymore.
An interesting article that brings a lot of motivation. This is what I needed while reading it this Saturday morning.
We lose sight of hope in this crypto bear market!
Posted Using LeoFinance Beta
The world is growing bigger and bigger every single day. I remember when there was a time when people had to go down to the stream to fetch watch but now there are boreholes, when people slept on mats and now there is bed foams, when people attended conferences at the village square but now there is zoom.
Gradually the idea of tokenization will become a major factor in the world, where you don't have to worry so much about what currency is best to use in purchasing a product cause there will be an available token for that already in circulation. It just boils down to time and being a part of this upcoming change.