Bozzlife: Preparing for War?
A while ago someone who I would consider a close mentor in the cryptocurrency world encouraged me to check out a series of videos on Youtube.
These videos are produced by the WAX blockchain and star the co-founder of WAX William Quigley. What I like about these videos is the fact that he can take fairly complex topics and present them in a short but meaningful way.
I am actually a bit sad that they haven't produced any more videos since the last one three months ago. If you read my post yesterday about Google going down, you might want to check out the one called "How Blockchain Can Prevent Google From Ruling the World".
Personally, I am a fan of Google. I think they do some really innovative things and despite the frustration yesterday I don't regret the decision to move my school district to their Workspaces platform many years ago (before it was called Workspaces). It was probably one of the most cost saving and forward thinking decisions I ever made for my district.
But I digress...
The reason I mention these videos is because of one that was published about five months ago.
With all of the corporate money that we are seeing being pumped into cryptocurrencies (specifically BTC), it made me start to think about some of the topics that William Quigley addressed in the above video.
Are these entities concerned solely with investing money and having a store of value, or will we eventually see big businesses begin developing things like Dapps and actual code for the blockchains. Take Google Cloud for example. They made the decision to become a block-producer for EOS about six months or so ago. With a company like Google, you have to wonder how much of a hands off approach they may or may not have with something they become invested in.
Again, specifically referencing the video, how many small chains with independent developers have some really ground breaking ideas that haven't been patented yet. What happens when these big companies who are suddenly investing in the sector decide to file their own patent.
Maybe it will happen, maybe it won't, but like I said with the current activity we are seeing from places like Wall Street and other economic hubs, it is a possibility that we have to consider.
The other question is, how much are we going to be willing to compromise to see the mass adoption that we are hoping for. Personally, I don't think we are going to ever see the degree of usability and security we want from crypto's without some kind of regulation from the governments (SEC, etc).
Am I wrong in assuming that? I am by no means an expert on any of this. These are just some of the thoughts that start kicking around my head when I find myself alone.
What do you think about any of this? I'd love to hear your comments!
Sports Talk Social - @bozz.sports
Posted Using LeoFinance Beta
I hoping that when it comes to adoption, opensource or close to open source becomes the driving culture. Rather than "who was first" it becomes, who can deliver the best product for user experience as well as return adequate and balanced value to endusers and owners.
I hope you are right as well. I certainly have an affinity for projects that are open source. Sadly, we know that the end users best interests aren't always at the forefront of big businesses goals. Thanks for the great comment!
Posted Using LeoFinance Beta
This is why it is so important to incentivize being a consumer and user with more than the product itself. We are seeing through the turmoil in the world how disjointed we have become and while big business can want to make keeping profits, at some point it becomes untenable and even the successful suffer. The spread of ownership is better all round. the problems with the corporations is that they are not actually human, they are entities that don't live in this world. Even the individuals that run them are disposable.
Posted Using LeoFinance Beta
https://twitter.com/JayBosworth5/status/1338837533820506123
This will possibly become the next obstacle course to run. My personal feeling is in agreement with video, coders, developers on blockchain should work closely together, stand firm in protecting their work, in other words work together to create a powerful token/cryptocurrency not hundreds where everyone is fighting for marketspace .
Large corporations will walk over to take what they can , same old story slightly different song.
First time I noticed possible outcomes not too settling was when BTC-Futures arrived, start of rocking the boat vs what many were hoping would not happen. Large corporations will treat bottom line the same way without any compunction to take what they want.
@tipu curate
Upvoted 👌 (Mana: 11/22) Liquid rewards.
I agree with you, I think that there needs to be fewer projects. It seems there is a larger focus on quantity than quality in many cases.
Posted Using LeoFinance Beta
Your balance is below 0.3 HIVE. Your account is running low and should be replenished. Check out the Dustsweeper FAQ here: https://hive.blog/dustsweeper/@dustsweeper/dustsweeper-s-faq
Congratulations @bozz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
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
STOPDo not miss the last post from @hivebuzz: