The present situation gives us a choice between the state and the market. Our economic structures tend to land somewhere on the spectrum.
We are seeing a third option opening up. This is a way to expand the digital commons as well as extending into other areas.
▶️ 3Speak
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Summary:
In this video, Task discusses the current economic and business model in contrast to the new model being developed. He delves into the issues surrounding the existing capitalist system and the increasing power of tech giants like Facebook, Amazon, and Google. Task explores the potential of blockchain technology and cryptocurrency to revolutionize economic systems by enabling the monetization of digital content. He emphasizes the importance of rewarding creators and users in this new system, moving away from the privatization of resources and wealth. Task also touches on the emergence of decentralized applications and the role of blockchain in creating more equitable economic structures. He concludes by highlighting the significance of utilizing technology for the benefit of all individuals, especially those in impoverished regions.
Detailed Article:
Task starts by contrasting the traditional capitalist economic system with the new model that is being shaped by emerging technologies like blockchain and cryptocurrency. He criticizes how the current system leads to the concentration of wealth in the hands of a few mega-corporations like Facebook, Amazon, and Google, highlighting the need for a more equitable distribution of resources and rewards for creators.
Moving on, Task delves into the potential of blockchain technology to transform the economy by enabling the monetization of digital content through cryptocurrency. He discusses how blockchain can shift the focus towards rewarding those involved in content creation and usage, disrupting the current model where wealth doesn’t trickle down to creators.
Task then provides a historical overview of the evolution of blockchain technologies, mentioning Bitcoin, Ethereum, and Dan's BitShares, and their respective contributions to the development of decentralized applications. He emphasizes the importance of decentralized applications as a glimpse into the future economic and business landscape, particularly in the digital realm.
Furthermore, Task discusses the significance of decentralized platforms like Steam, EOS, and Tron, which tokenize blockchains to give stakeholders a say in decision-making processes. He explains that these blockchain-based platforms offer various pathways for individuals to participate, either through financial means or by contributing to the platform.
Moreover, Task highlights the potential of blockchain in uplifting individuals in impoverished regions by offering them opportunities to earn through digital platforms. He underscores how even small earnings made through online participation can significantly impact individuals living in poverty, emphasizing the transformative potential of this new economic model.
Task concludes by expressing his optimism about the future of the evolving economic and business model, particularly in the context of an increasingly digital world. He stresses the importance of creating a third alternative to the current options dominated by corporatocracy and governmental control, advocating for a stake-based, open-source system that rewards active participants.
Overall, Task's discussion provides valuable insights into the transformative potential of blockchain technology and cryptocurrency in reshaping economic structures towards a more inclusive and rewarding model for all participants.