The Ownership Mindset: Digital Real Estate
We have to alter our thinking regarding cryptocurrency and the digital world. The idea of network-states changes things completely. Base layer coins are the entry way into the world of digital ownership.
In this video I lay out more examples of how our thinking has to change especially about something like Hive. We are now embarking upon a major paradigm shift that few people realize.
▶️ 3Speak
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Now what you are saying is that you don't own a Tesla, but a bunch of Tesla shares?
It'll take a lot of traffic to make a dent. Maybe you should kick-off a Leo based publication, I hear they are worth a lot and you're probably a very good Editor in Chief. Including all those crazy shitcoins and NFT art projects out there should be tons of WORK but easy for you.
That's your mindset, you're a wage-slave. Just rewatched this, point hammered home.
https://leofinance.io/threads/edgar-alive/re-leothreads-2wwxda7sp
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Summary:
In this video, the speaker discusses the concept of ownership mindset in relation to Web3 and blockchain technology. He emphasizes the importance of ownership and trust in the current financial and economic systems. The speaker highlights the significant level of friction and inefficiency present in traditional financial systems due to the involvement of numerous intermediaries. He contrasts this with the potential of blockchain technology and cryptocurrencies to bring about a paradigm shift by enabling direct ownership and trust. The discussion extends to examples of how platforms like Hive and projects like LeoFinance are enabling users to have a stake in the platforms they engage with, thereby fostering an ownership mindset.
Detailed Article:
The speaker starts by emphasizing the necessity of embracing an ownership mindset in the context of Web3 and blockchain technology. He points out that traditional financial systems are plagued with inefficiencies and middlemen that extract from the system, leading to wealth inequality. This prompts a discussion on the paradigm shift facilitated by blockchain technology, which allows for ownership and trust to be directly embedded in transactions and interactions.
Furthermore, the speaker delves into the specific advantages of platforms like Hive over more traditional cryptocurrencies like Ethereum. He notes that Ethereum typically requires users to buy into the system, while platforms like Hive offer the opportunity to earn tokens through engagement. This shift represents a move towards a more inclusive ownership model where users are rewarded for their contributions to the ecosystem.
Moreover, the speaker highlights projects like LeoFinance, which incentivize users by allowing them to share in the platform's ad revenue. This contrasts with mainstream platforms like Twitter, YouTube, and Facebook, where users do not directly benefit from the advertising revenue generated. The concept of sharing in the success of a platform through ownership and engagement is underscored as a key driver of motivation and incentive for users in the Web3 space.
The speaker further explores the idea of owning tokens as a form of investment and participation in the growth of blockchain ecosystems. He illustrates how holding tokens in platforms like Ethereum or Hive can provide users with a stake in the platform's success, leading to potential financial rewards based on the platform's growth and value.
In conclusion, the speaker advocates for adopting an ownership mindset in the Web3 space, emphasizing the potential for individuals to directly benefit from their contributions to blockchain ecosystems. By actively engaging with platforms and projects that promote ownership and participation, users can shift away from a traditional "worker bee" mindset to one that aligns with the principles of ownership and empowerment in the decentralized landscape of Web3.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.