Why has there been talk and a push towards promoting a Global Universal Income? Governments know that permanent unemployment will be inevitable do to robotic technology and AI (artificial intelligence). Testing in certain cities and populations of a universal income have already started. Government agencies are trying to determine just how much per month is enough to sustain life and to keep people from becoming discontent to the point of civil unrest. In other words, they are trying to find the "sweet spot" of not too much or too little of a monthly allowance for citizens.
In conjunction with appeasing people with a universal income check, they also need to find ways to "entertain" the community to keep them occupied and their minds off of revolting. In comes the gaming community. The hundreds of millions of dollars (if not billions) that have been pumped into virtual reality technology and advance computer graphics for live action video games is not a fluke. Governments hope, that a steady income and advanced video reality games will be the ticket to pacify a growing unemployed society.
We are not far from heading to a Wall E type society. It is estimated that 80% of all jobs world wide will be eliminated within 10 years. Yes, that is correct, within 10 years. Social engineering has already begun to get people occupied in a variety of virtual reality worlds that can pacify any and all types of personalities. There are story lines of ancient worlds (middle earth like Lord of The Rings), future science fiction, Steam punk, Anime, alternate universes and more. With VR graphics, high definition screens and graphic card enhancements, the worlds will become very life like. There will be video reality games that could last for years. Having a regular monthly universal income and a long term game will mean people will be entertained for years.
Already the video game industry is worth $ Billions of dollars. Crypto currencies such as WAX will only increase in value. What is WAX? Well it is World Asset eXchange. WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect, buy and sell in-game items. Harnessing the power of blockchain technology, WAX Tokens are utility tokens that allow virtual goods - and not just for use in video games - to easily be tokenized and exchanged for cryptocurrency.
People will be using their WAX tokens to purchase items in their virtual reality world. If they want a house or castle upgrade, buy it with WAX tokens. You want extra weapons or force fields, buy it with WAX. How about an appearance or outfit upgrade? Buy it with WAX. Are you starting to see where this is headed? The world is changing and so is the economy. People will become internet famous because of how well they play a video game or who they are in a video game society. Crazy I know but this is soon to be true.
Well, if you are a visionary and can see future trends, than perhaps investing in future trends is a good thing to do. I will be keeping my eye on VR development, video game designing growth and crypto currency/token companies that fit a niche need. I do not thing VR and video games are going away. In fact, I am afraid they are here to stay and will be used as a major part of social engineering.
images from: nytimes.com, themerkle.com, theodessyeonline.com,
reference article: https://wax.io/
What would AI say about when the crypto market will be bottomed?
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Cryptos can not go below their mining costs. It is most likely being manipulated by the EOS and Tether group and certain exchanges. They can get away with it now since the industry is still relatively young and small. I think the plan was to extract $2 to $4 Billion dollars from the crypto market by means of a cleaver ICO and token platform and disappear into the sunset. Let us see how this plays out. The blockchain is solid technology and cryptos are not going anywhere. They WILL BE the new monetary system.
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