The Coming Social Media Infrastructure Inversion

in LeoFinance3 months ago (edited)

Andreas Antonopoulos released a YouTube video recently in which he talks about the infrastructure inversion that comes along with new technology. He covers how new technology is often laughed at and considered inferior to what is currently used. He explains how he thinks this will happen to banks as Bitcoin continues to grow and new infrastructure is developed. Instead of fiat being an onramp to bitcoin, centralized banking will be an application on top of the Bitcoin network.

One historical example he provides is how when automobiles were first developed, people scoffed at them because it wasn't easy to refuel your car because gas stations were limited and they often got stuck due to the muddy/uneven paths that horses were able to easily commute on. However, once paved roads were developed people could not only travel better with horses, but transportation in automobiles became easier as well and led to the eventual phasing out of traveling by horse. The infastructure that was needed continued to be developed and improved to the point where almost everyone in the world now travels by some form of automobile.

Decentralized Social Media and Web 3.0

Does this sound familiar with the kind of FUD that we hear around Hive. I remember when the largest complaint around the platform was the length in which was required to sign up. Why would anyone sign up for Hive when they could instantly get a new account with Facebook in a matter of minutes/seconds. Every few months we now have and better way to sign up for a Hive account through multiple interfaces. I've seen many people on Twitter offering to instantly set people up with new accounts via the account token creation process.

I don't know about you, but I get tired of having to remember passwords for every social media account I create. One for Facebook, Twitter, Instagram, TikTok, Reddit, etc. and this doesn't even take into accounts I have for other games and online applications. Yes having to remember a string of random numbers with different uses and applications is troublesome, but it's so much nicer to have that one password that lets me have access to LeoFinance, Peakd, Splinterlands, Hive, Hive-Engine, etc. Now you take into account the fact that we now have Hive Signer and Keychain and it seems like a no brainer why Web 3.0 will be taking over the future of the internet.

Hive or 3Speak will never last into the future as it doesn't even compare to the amount of traffic Reddit or YouTube sees in 24 hours. With all the censorship and unexplained content takedowns, it will only be a matter of time where people get fed up with losing money on these platforms and look for alternative options in which they can monetize their content.

The Change Model and Hive Infastructure

In order for a change to happen there has to be a dissatisfaction with the current state of things, which I think is happening across the entire internet as we speak. People are starting to speak out and protest the current state of things with Reddit banning entire communities, YouTube taking down entire libraries of creators in the crypto space, and Facebook basically handing out your personal information and spying on your every move.

The vision is becoming more and more clear of a Web 3.0 where people don't monetize your personal information and you're free to speak your mind. Once that vision is agreed upon and understood than it is important to take the first steps toward that better future and to start achieving the Vision.

The hive blockchain is that vision and first steps of a better future. With 3 Speak as a YouTube alternative, LeoFinance being like "communities" on Reddit, and other applications and games being built on top of this fast free blockchain I can not think of a better place to be building and investing in. I think we will eventually see an altcoin cycle in which all decentralized web 3.0 and social media blockchains will be the "DeFi" of today and it's only a matter of time until more and more people start to see the same thing.

Posted Using LeoFinance

Sort:  

I think it’s all a matter of time we who are here are just impatient! I think the blockchain who wins is something that won’t matter in the future! We will have atomic swaps and chains will price in value automatically as it flows between chains

I think that social and Web 3.0 is a much “safer” play ground to experiment before we take on the financial sector

Congratulations @gniksivart! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 32000 upvotes. Your next target is to reach 33000 upvotes.

You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Support the HiveBuzz project. Vote for our proposal!

The fact that yesterday The Daily Mail published a long piece about the Crypto Class Action against Facebook & Google and had positive mentions of Hive and barely a negative thing to say about crypto shows how much mainstream dissatisfaction with centralised social media has become.