The Spread Of Wealth: We Must Be PatientsteemCreated with Sketch.

in busy •  6 years ago 

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One of the greatest advantages to blockchain is it lowers the barrier of entry to the average person. What was once reserved for the wealthy will be available to all short time.

The key is for us all to remain patient while the foundation is established. We must keep in mind the present system took decades to create. In the world of blockchain/cryptocurrency, we are in the early stages.

There are numerous projects out there that can alter the face of wealth. One of these was mentioned by @stan the other day. It is a system that is integrating into the Bitshares network. What this project does is bring the tools that were traditionally reserved for the largest banks and investment institutions and puts them in the hands of the average person.

This is what blockchain does for people.

Using a DEX, Auton.io seeks to provide the cryptocurrency industry with the same tools the legacy industry was using. Algorithmic trading and sentiment analysis are tools that give these traditional institutions a leg up over the regular investor.

Users pay a low $50 monthly subscription, using NIO tokens to run the live trading system on their local computer or VPS. Verified algorithms can then be bought or sold on the AUTONIO marketplace.

This model is going to evolve from a paid service to freemium. This will enable people to use the tools and spread them throughout the cryptocurrency ecosystem.

Here is the full post by @stan.

https://steempeak.com/bitshares/@stan/autonio-and-the-sovereign-sky

There was an interesting term used in the post: the Prosperism model

This is the basis of what cryptocurrency should be all about. We have the potential to spread wealth throughout the entire globe.

We are seeing many projects that are interested in putting tools in the hands of the general public to increase their wealth. This is a marked change from the present system which tries to such as much money for each individual as possible.

For example, we see Swarm evolving in a similar manner.

They just announced free tokenization for any company that is interested in creating digital assets. This couples with the no fee model that is in place for investors looking to buy security tokens. Now both parties are able to operate without fees.

“In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process,”

https://www.securities.io/swarm-to-create-security-tokens-for-free/

To me, Prosperism means adopting a mindset of "how can we enrich all of humanity". It signifies a shift away from the greed and competition model to one where all seek to enhance what is available to all. This is the age old mindset of open source software.

It will take a while for this mindset to start to penetrate mass consciousness. We much be patient. 2018 was a spectacular year for blockchain. In spite of the bear market, development took place. Huge strides were made in pushing the entire industry forward.

We can help it move forward by encouraging the shift in mindset. By adopting Prosperism, we can help newer people to expand their focus onto what is possible. We are going to see one of the greatest wealth transfers in the history of the world through cryptocurrency. It is up to us to open up the platforms and provide the tools for all to use.

It is time to end the elites hold.

Just think of it, a platform like Autonio providing average individuals with the ability to have automated trading using algorithmic tools. With cryptocurrency, this can be done 24/7. The advantage to automated trading is that the human element is removed. There are many trading systems out there that are messed up when humans get involved. They do not take profits when they should or take a loss when it is small.

This is all part of a much longer paradigm shift that is taking place on many different levels. The next 13-15 years are going to see a radical change in our society.

And we are at the core if it.


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I feel like since we are in the crypto space we just have to wait a few months or short years

Peer to peer is the main concept that will allow this as the middleman will be minimized or eliminated without the risk of executing the transaction once confirmed. Efficiency will reign as more assets, processes and even people are tokenized!

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I agree, except for spreading algorithmic trading. I am not sure if that's a good. The effect of a large number of trading bots could cause unforeseen disasters. Especially, if certain algorithms start going viral. I have not come across anyone with a clear understanding of how a large number of bots react to each other. It's a complex system that could have unwanted emerging behaviors. I just hope that this emerging behavior is stabilizing.

Thank you so much for participating the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

I imagine that old wealth won't transfer well to blockchain but a lot of the new wealth can easily be created there.

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Dear @taskmaster4450

Indeed patience is what most of us need more. In current age of social media (mostly instagram) most people expect rewards right away. Unfortunatelly.

Seriously sometimes I wonder where do you get that many interesting ideas for your publications. I only wish you would also spent more time engaging with your audience. I've wrote like 10 comments since I got to know you and I think you replied only once so far :(

ps. if you would read this comment then perhaps you could visit read the one I wrote few days ago: https://steemit.com/busy/@crypto.piotr/re-taskmaster4450-the-fud-is-over-further-evidence-20190119t025912255z

I would love to know if I could count on your support.

Yours
Piotr

My ideas on the topics relating to Steem come from just scouring the articles of others and/or my knowledge about blockchain/crypto in general. Some of the others come from my indulgence into esoteric matters and researching those type of sites and then tying it in.

Thank you for your continued support and commenting.

Dear @taskmaster4450

Thank you for being so responsive. I value it a lot. Definetly I will be checking your work more often since you're really engaging with your audience. Respect :)

Cheers
Piotr