Decentralization And Web 3.0 Will Take Over

in #hive-1679222 years ago

It is difficult to be optimistic when things are crashing down. Sentiment within cryptocurrency is simply awful. This actually could be a sign we are nearing a bottom. Nevertheless, there are many reasons to be optimistic about what is being developed.

Decentralization is a term that is so overused it lost its meaning. That said, the applicability and potential impact cannot be overlooked. We are embarking upon a magical time, one where we will see our digital world radically altered. This will, of course, affect the lives of everyone who is online.

At the core of this is the idea of Web 3.0. This is the next evolution of the Internet. It is a catchphrase since we can only speculate what this will truly look like. However, we are seeing some of the basic tenets being constructed.

It is hard to see the tyranny that confronts us all. The world is, as they say, going to hell in a handbasket. Usually, these are the times when things are prime for disruption.

Our efforts in this industry are exactly what that it. In spite of all the negativity, we see some overriding trends that will assist in our efforts.

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Web 3.0 Cannot Be Stopped

With all the noise about SBF and FTX, we are obscuring a fundamental piece of all this: Web 3.0 cannot be stopped.

While political hacks like Elizabeth Warren and bureaucratic criminals like Gary Gensler believe they have power, the reality is decentralization is outside their reach. This should be a natural conclusion.

It is necessary to separate the fluff from substance. Much of what the cryptocurrency world evolved into was far from decentralized. We know it also had nothing to do with Web 3.0.

Instead, we were overrun with the same Wall Street garbage, scams, leverage, and lost money. As this was occurring, there were a few projects that were actually building. Here is where the impact will be felt.

As always, it is the technology. Exchanges, VC money, and power plays are not what will make a difference. This is unstoppable simply because of the technology. When projects are constructed in the proper manner. they are immune to regulation. They are also outside the scope of what is being promoted as "cryptocurrency".

The Meek Shall Rise Up

It is easy to fall victim to the big numbers. We saw VC firms investing tens of billions of dollars. This carries a great deal of allure.

This is not Ground Zero for this move. Unlike situations in the past, the revolution is not coming from Silicon Valley.

We have a battle that is taking place in places overlooked throughout history. Countries like Nigeria and India are the major players. This is not being waged by the governments but the populations of those nations. Here is where the most impact can be felt in the quickest period of time.

People who were displaced (or never included) in the banking and economic system are benefiting from cryptocurrency. Web 3.0 is what allows for a new level of economic opportunity. This is something that cannot be emphasized enough.

The idea of tokenizing online activities means that monetization is at hand. Individuals have access to pools of money that are far outside their geographic reach. Each day, they can fill their wallets, starting the journey to wealth creation.

At the same time, with the development of stablecoins, we are seeing people able to tap into the safety of the USD, especially against native currencies that are being slammed globally. This can offset inflation rates while protecting people from wealth destruction. It is something that is not provided by the banks since the system is suffering a major shortage in this area.

Governments Will Be Falling

The next 50 years will see the transition to the network-state. With Web 3.0, it is safe to believe this could potentially be decentralized.

What this means is that existing governments will eventually fall. Some will last longer than others but, eventually, they all will end the same. Simply put, the present governance model is applicable in the digital world. It was established during a time when people operated in a physical manner.

Some of the limitations are being exposed as we see how deep the corruption and tyranny goes.

This is not an outcome that is going to happen instantly. However, as nations encounter issues, we are going to see individuals starting to look for alternatives. Here is where Web 3.0 can step in.

There are already projects where we see some areas that normally were handled by the government being taken care of by Web 3.0. This is providing the funding to establish some basic necessities in life. The Hive Borehole Project in Ghana is a prime example.

Web 3.0 has the capability to get things done, quickly and in real time.

Whenever we see a time of division, we see fracturing. This will likely happen with government systems. For example, one move we can expect is the continue erosion of the EU. Brexit was not the last. In fact, my guess is that, by 2035, this is a skeleton of itself.

We could see something similar happening in the United States.

These are very interesting times indeed.

In Conclusion

Each of us has to ask if we believe the digital world is going to continue to be a growing part of people's lives. To me, this only makes sense. Take Tesla as an example. This company is going to sell around 1.3 million cars in 2022, all of them online. That was incomprehensible a decade ago.

We also have to keep in mind the potential of tokenization. At the moment, we really do not know the capabilities. There is going to be a lot of experimentation happening. For this reason, we are going to design incentive programs that align with billions of people. Properly constructed, this is not going to be within the reach of anyone in power.

The main idea behind this is to have nobody in charge. That is when we know something was constructed in a proper manner. When the majority are just performing roles, and there is no minority at the top, we can see the impact of this.

Web 3.0 could be larger than most think. Since the Internet is growing in both numbers and importance, this next evolution could affect almost all aspects of life.

The question is whether it can be stopped? Most of what we see is people operating under the presumption we are dealing with the same world. Web 3.0 is something completely different.

Whoever was behind Bitcoin unleashed a powerful tool for society to reinvent itself. The disruption that comes from all this is going to blow people away. Once we see it get going, it truly will be like hydrogen bomb going off. The carnage to the existing system will be widespread.

It simply is the path that computerization and digitization is taking.


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!PGM
!PIZZA

It is gradually doing so.

I think Web 3 can't be stopped but I still think governments will be around. In a way, a lot of people are used to having some type of entity making the rules around them and this conflicts with Web3 to an extent. It may end up coming to that far in the future though but I just think that governments will be around.

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If web 3.0 is going to take over why hive blockchain still struggling to get more users or retain users even we are not able to get followers on Twitter I mean, hive official Twitter account @hiveblocks have around 36k followers after 2 years

In other words if web 3.0 is a future why a leading blockchain in this space I mean hive not able to get attention of the people

I totally agree to this, three things that will have significant change is the finance, internet and tech, the internet is about to change to that which is more social or interactive one which involve smart contracts.
Web3 is the future.

I think the powerfulness of Web 3 lies in the fact that it is unstoppable. One can't pinpoint where the source is or how to take it down. Governments must be having sleepless nights while comtemplating their near certain demise. Satoshi Nakamoto is arguably one of greatest geniuses in the 21st century with the Bitcoin invention.

This is why continued decentralization and redundancy is vital. We need to keep pushing things further out and into more places.

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The market sentiment is horrible, it is getting worse and worse, these are signs that soon there may be a rise, but I think there is still downside and we have to be strong in those times.

Web 3.0 together with decentralization is the future, it will be what will last the longest, I trust in Hive, the chain has the potential to be the most resilient in the industry, we must continue working.

It is always darkest before the dawn.

When sentiment is the worst, this could be near a bottom.

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I fully agree with you, web3 will be the future, we are still only in its infancy and in any case there will always be a part of the world that will go in that direction. Now is the time to resist, take advantage and accumulate... in the future we will reap the rewards 💪💪💪

I agree. There is a huge shift that will take place. We are very early in the game.

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The rewards earned on this comment will go directly to the people( @mcoinz79, @wilsonthe ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

!PIZZA

I have no iota of doubt and I pray for it to become a full time reality soon

I always thought that even if cryptocurrency doesn't continue the technology will.

I affirm your prediction as the government may not be to meet up with changes effected as a result of new tech. But I hope the new government. Won't be worse

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Government is an encompassing word. You will have to be more specific.

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What this means is that existing governments will eventually fall. Some will last longer than others but, eventually, they all will end the same.

Though I am not sure if such a day will come in my lifetime, it is enough for me to see civil governments sink into irrelevance and be ignored and that they are powerless to reverse such a situation.

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My guess is we start to see some of the weaker ones fall starting in the 2030s. Something like the US might take until the end of the century.

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I will be 63 by that time. I wish I can still see such fallout.

!CTP

!PIZZA

beautiful this post in which there are some very interesting concepts. I believe that somehow cryptocurrencies will also feed into the old system, in order to pay taxes and continue the services we have now, such as medical care. however, cryptocurrencies will bring more independence to each individual, so in my opinion cryptocurrencies can improve the world, as the Tesla company is trying to do

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We can alter what is taking place by innovation. Do not forget. cryptocurrency allows us to test different payment and funding models.

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thank you for your warning and response.

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I have no iota of doubt and I pray for it to become a full time reality soon

It will be some time before nation-states disappear completely. Probably 150-200 years.

Don't confuse Web3 with Web 3.0. The former is what we talk about when we talk about decentralization, tokenization, and internet money. Web 3.0 is completely different. That's the brainchild of Tim Berners-Lee, the creator of the World Wide Web. His idea was to create a semantic web (Web 3.0) where data would be portable across domains without a blockchain. As you pointed out, the invention of bitcoin and blockchain technology changed everything.

Absolutely, the market sentiment is horrible at the moment, and the sentiment about crypto is similarly horrible.

Absolutely agree that Web 3.0 and decentralization will take over... eventually.

Patience is probably going to be the key here... whereas Web 3.0 and decentralization are definitely on the horizon and the way forward, I expect their arrival will come at an almost glacial pace, due to the resistance within the legacy system... it has been 40+ years (give or take) and we currently have +/- 63% of the global population connected to the Internet. Major paradigm changes tend to move more slowly by orders of magnitude than mere trends and fancies like CDs and cell phones... it's more about psychological change than technological change.

=^..^=

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Web 3.0 will only be obvious in hindsight. It is a process along with a direction as opposed to a destination.

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Its sometimes hard to stay calm when people are panicking all around you!

Panic is emotional. These people tend to not be thinking rationally about what is taking place. That is a lesson to keep in mind.

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Thanks Task.

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Web3 is conceptualized as giving ownership of data back to end-users through decentralization. The promise of Web3 is building new web protocols and infrastructure that should allow developers to build apps where users bring their own data and where identity is no longer tied to any specific platform.

Web3 is more than this year’s biggest buzzword. Decentralized apps are already available via the Ethereum network —for finance, arts and collectibles, gaming and technology.

The decentralized nature of Web3 will give control of data back to end-users, rather than the corporations that currently control it.

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I remember when Web 3.0 meant the semantic web where data would be encoded into the web so that any app could use it. This was something Tim Berners-Lee pushed a lot. Unfortunately the trend was towards private data silos. Now the decentralised web may be opening things up again. Anyone can read from the Hive blockchain and build on it.

I really think we ought to be engaging more with the open source community. Something like Hive ought to be a natural home for them, but I know a lot are sceptical of crypto. Hive is built on open source, so that should at least interest them. The internet was built on open standards such as http and email, but things have gotten more proprietary.

I have been playing with Mastodon, which is open source. I found Dave Winer (the father of RSS) on there. I made him aware of Hive, but I don't know if he's looked into it.

What you say is true and shows how elusive all of this is. It is a fact that we will only know what this is in hindsight. At present, we are speculating what things will look like.

As for my view, I try to point out components that are essential, based upon values or tenets. Right now the focus is upon account ownership and decentralization. There is certain room for privacy along with the idea of open source software.

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The web is still new really. People are still exploring what it can be. Hive and other blockchains offer alternatives. They show it doesn't have to be driven by corporations.

Interesting thoughts on the subject; thanks as always for the original insight! 😊

Governments have a substantial stake in keeping their constituents (people and industries) under their thumb, so they will certainly fight against any type of uprising that may threaten such power. The wiser ones will permit a very limited amount of independence, so that it is merely perceived. I expect this to be the case in many first-world countries. There's too much at stake for them to fully permit decentralization to take over, if they have any power to stop it.

That may be a pessimistic view, but I also see this as a reality based on history. Even when governments are overthrown... they're taken over by new forces which end up being similar in nature. The only saving grace we have now is that adoption of cryptocurrency is increasing, but ironically, only via centralization. It'll be an uphill battle, for sure.

I would say that governments tend to implode more often than they are overthrown. That is likely the situation here. We will see many of the decisions made over the decades coming home to roost.

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I tend to be optimistic about the world advancing to a digital network state, not sure how long it will take for us to get there but it is a digital world I long to see dominate our lives.
From what we are witnessing, countries being affected the most through corrupt practices and tyrant governments are the ones that will seek alternative means like Nigeria, Venezuela...

Provided devs place priority on decentralized protocols, I don't see Web 3 being stopped.

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It will take a while. Organizations like Facebook started the ball rolling. It took us near 20 years to get to the pont we are at with network-states, albeit centralized.

We are now looking at the next evolution stage. It will take another few decades for this to evolve.

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It is difficult to predict the exact trajectory of technological development, but it is possible that decentralization and Web 3.0 will play a significant role in the future of the internet. Decentralization has the potential to increase security, privacy, and control for users, while Web 3.0 has the potential to make the internet more intelligent and efficient. However, it is important to note that these technologies are still in their early stages and it will likely take some time before they are widely adopted.

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