The Present System Is Not Ready For What Is Coming
Technology is changing things very rapidly. We see this in the crypto/blockchain world. A lot of what is happening is going unnoticed simply since there is so much to pay attention to. This is going on in many different technological industries.
In this video I discuss how these technologies are so powerful that our existing system simply is not ready for them. Instead, they are trying to smash in old rules and entities which isnt going to work.
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:D
What's coming is gonna be great ❤️❤️❤️❤️
That's for sure💪✌️
I am optimistic but there are dome potential downsides.
We really need to keep working to stay out from under the hands of major corporations. In fact, that business structure needs to be destroyed if possible.
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So what do you think will be the 6 or 7 things that are similar to smartphone over the next 20 years? I think VR/AR, Defi and maybe a few centralized applications is all that comes to my mind.
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Crypto, VR, Quantum, 3D printing, decentralized energy, and AI.
Some of those are a bit general but if you see how something like AI bores down into specific industries, we can see the smartphone type impact.
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While I am eager to see how the world will improve AI scares me a bit and could lead to major unrest in society if it's not properly implemented
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There is already going to be major unrest, with or without AI.
We need to keep decentralizing everything, AI included. Having power in the hands of a few governments and major corporations is not healthy.
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existential dread intensifies
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Central bankers actually think they are world government. Bad thing is that they can fund anything. And while they fund something against humanity, we pay that with price of inflation.
Summary:
In this video, Task discusses how traditional establishments such as governments and financial systems are unprepared for the rapid advancements in technology, particularly in the digital and virtual world. He argues that existing laws and regulations were created for a physical world and are inadequate for the digital age. Task highlights the challenges faced by authorities in regulating technologies like decentralized blockchains and cryptocurrencies. He emphasizes the need for a shift in mindset to adapt to the changing landscape and the potential impact of upcoming technologies like quantum computing and virtual realities tied to blockchain.
Detailed Analysis:
Taskmaster delves into the inadequacy of current governance systems and regulations in handling the rapid technological advancements, especially in the digital and virtual realms. He points out that laws and frameworks were designed for a physical world and are struggling to cope with the evolving digital landscape. Task mentions the challenges faced by entities like the SEC, United States Congress, and governments worldwide in regulating emerging technologies such as decentralized blockchains and cryptocurrencies. He highlights the limitations faced by traditional institutions in controlling decentralized systems and digital currencies.
Task emphasizes the impact of future technologies like quantum computing on governance and financial systems, asserting that authorities are ill-prepared for such advancements. He discusses the potential shift towards a virtual world interconnected with blockchain technology, raising questions about governance and regulation in such a scenario. Task urges viewers to prepare themselves mentally, financially, and career-wise for the upcoming technological disruptions that could lead to significant changes in various industries.
Furthermore, Task talks about the evolution of technologies like DeFi (Decentralized Finance) and its role in providing financial opportunities through crypto assets. He explains how DeFi platforms enable users to leverage their assets for greater gains in a simplified manner compared to traditional banking systems. Task highlights the convenience and efficiency offered by DeFi applications in accessing funds and generating returns using cryptocurrencies.
Task also mentions the societal impact of technological advancements, predicting significant transformative moments over the next two decades comparable to the smartphone revolution. He warns about the potential rapid obsolescence of existing technologies and the need for society to adapt to forthcoming changes swiftly. Task discusses the challenges faced in dealing with ongoing technological revolutions, such as the mobile era, and anticipates further disruptions across industries like entertainment with the adoption of technologies like VR.
In conclusion, Task urges individuals to stay informed and adaptable to navigate the imminent changes brought about by technological progress and emphasizes the importance of being prepared for the future landscape of innovation and digital transformation.