RE: The Concept of Decentralization and its Social Requirements - A Promising Look Towards the Future

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The Concept of Decentralization and its Social Requirements - A Promising Look Towards the Future

in theeverydayproject •  8 years ago  (edited)

The blockchain space is still mostly in a phase of experimentation, but the first breakout apps will be explosive because they financially incentivize users to participate in the network. Imagine being able to actually make money when you contribute on social media(Which is exactly what we have here on Steemit). Bitcoin’s market share has slowly dropped over the last several years, and while I believe that bitcoin will continue to grow, rapid growth in other parts of the blockchain ecosystem is imminent.

The entire market capitalization of blockchain-based assets is $13 billion today, a rounding error when compared to the current value of the systems which blockchain technology could potentially unseat. When decentralized blockchain protocols start displacing the centralized web services that dominate the current internet, we’ll start to see real internet-based sovereignty. The future internet will be decentralized.

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Haha, yeah it definitely is :)

Nice! Yours was too!

To be honest I have not enough knowledge regarding the crypto market and/or blockchain technology to reply to the first part of your comment in an appropriate way.
However, as I stated in the article I think that this is not a technological evolution. It´s an ideological evolution based on technological progress.
Thanks for stopping by, @keysikg!