It is interesting for those who research it and I agree, elasticity of money (and collateral) is vital. Most overlook that.
Nevertheless, we are seeing an economy build upon abundance. A lot of the old ideas will go out the window. We are going to see a lot of demonetization, as we already have seen. Yet that doesnt mean that stuff is worthless.
After all a lot of the information we get for free is of extreme value to us.
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I would disagree with the information being free thing.
The direct connection to monetization being severed in some cases I'd agree with but as they say, nothing is free.
I really believe there's a framework of value, scarcity, stauts, and monetization we as humans need to have to move forward and function. It may not be the same one as we had but its still going to be there just because we are human.
It's the same idea as valuing something more that you worked for tan something abundant and free. With automation and AI and the digital infinity it's going to be really interesting to see how it all works out but a framework of value and monetization will remain and I think grow to include things that have never been able to be monetized.
The trends right now are people taking their skills and going into business for themselves. Communities are popping up as the new corporations and while we like to say we're all in this together now, we've formed tribes just like we always do and we all want our tribes to win.
The trend in web3 and digitalization is tokenizing (monetizing) or unlocking the liquidity in things that were once impossible or impractical. Want to pay for your groceries with 1/1000th of your house? You will. Even this discussion about web 3 is now monetized when at one time we would have just annoyed our friends for free. !LOLZ
To reframe was I was saying earlier about our first foray into this being about scarcity, what I could have said was the first thing we did was to use the technology to monetize work and sell it through the idea of scarcity.
The idea of web 3 and the metaverse didn't really take off until we found a way to claim ownership of limited digital assets and make them scarce and exclusive. Everything about crypto and web 3 so far has been about finding new ways to monetize our work and it was not until that happened that we decided a digital future was exciting. And what are we now doing? We're collecting tokens we think will one day be demanded or even needed by others so they'll buy them off of us for more. If we truly believed in abundance, there would be no need to do that.
What has happened in crypto so far other than that? Where does every blockain with publci interest gravitate toward if not a record of ownership and trading of digital assets we hope will one day become scarce (more demand than supply).
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