The Great Transition: From The Existing System To The New One We Are Creating

I agree that the system will be changing. There are so many types of cryptos though. How do you not get overwhelmed with all the options? How do you sort through it all? It feels like learning a new language. I need to learn for me, and also my kids. Their world will look completely different from mine.

Boom! Perhaps it's hardest for those of us now who SEE the broken, out-dated system collapse and are heavily invested in being part of the creation of the next shared reality, but still needing to exist & function in the old mainstream world, at least just a little.

I think more and more dialogue about systemic change is needed to help people grasp what this tumultuous time is really all about.

Most of the kids today want to became content creators of some sort, these little guys understand future much better then their parents. Yeah, there are new jobs created with technology, influencer, wideo content creator, blogger. Just let machines do unpleasent job, and focus on creative, spiritual and philosophical endeavours. Or just play! So simple, but so hard to get for the smartest people out there.

On the popular, centralised video-sharing platform my second favourite bald content creator speaks about exponential advancement in renewables. His channel is called Just Have a Thing, it's eye-opening, especially recent report of RethinkX showing the key technologies in green industry which will revolutionise energy production and other climate-influencing industries.

Thanks for another great video! Cheers.

The current system will obviously resist change but change is inevitable. After all the smart phone and the internet took things to a whole different world. We no longer have to rely on mainstream media and people can crowd source information. As long as we build, I think people will naturally come because the use case they want is here.

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Automation means loss of jobs for sure... It depends a lot on what side of the technology progress one positions himself. As my dad is getting close to retirement, but that happening during this transitioning era, I'm thinking of integrating him into the crypto world, it occur to me today that I might even create him an account. He can use google translate for posting once in a wile, but having the chance of earning some of this internet money.

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For about 5 years it has already been seen that the future will make cryptocurrencies, little by little they are being accepted and used more, it is a matter of time before metallic money becomes obsolete.

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Summary:
In this video, the speaker discusses the current economic situation in Western Europe and globally. He expresses concerns about the challenges facing the existing financial system and the need for a transition towards a new system. The new system involves DeFi, cryptocurrencies, GameFi, NFTs, stablecoins, and other technological advancements. The speaker emphasizes the impact of technology on the economy, forecasting a shift towards automation and exponential deflation. He highlights the resistance to change from entities benefiting from the existing system and discusses the potential consequences of technology consolidation in the hands of a few powerful individuals. The speaker advises early involvement in cryptocurrency and the new financial system to navigate the upcoming economic changes.

Detailed Article:
The video begins with the speaker expressing his observations on the economic indicators and challenges in Western Europe, which he believes are indicative of broader global issues within the existing financial system. He discusses the need for a transition towards a new economic system, highlighting various elements of this system, such as DeFi, cryptocurrencies, GameFi, NFTs, and stablecoins. The speaker envisions a gradual shift over the next 20 years from the existing system to the new one, emphasizing the role of technology in this transition.

The speaker delves into the deflationary nature of technology and its impact on various sectors, citing energy as an example. He acknowledges the growing importance of renewable energy but points out the need for further technological advancements to facilitate a complete shift. The discussion extends to the potential consequences of automation on job markets, suggesting that technology may lead to job losses across all levels of employment.

The speaker raises concerns about the resistance to change from entities benefiting from the current system, framing it as a "great race" between different players with conflicting interests. He questions the notion that technology creates more jobs than it destroys, citing a decline in the participation rate despite technological advancements in the past two decades. The speaker highlights the concentration of wealth and power in the hands of a few individuals like Elon Musk, Jeff Bezos, and Mark Zuckerberg, pondering the implications for society as automation becomes more prevalent.

Towards the end of the video, the speaker emphasizes the importance of early involvement in cryptocurrencies and the new financial system to benefit from network effects and wealth accumulation. He advocates for the development and promotion of open-source projects and AI systems to ensure widespread benefits from technological advancements.

In conclusion, the speaker paints a picture of a future where everything is tokenized and blockchain-based, with a significant shift towards decentralized networks and advanced technologies like Web 3.0. He urges viewers to position themselves early in the evolving economic landscape to navigate the challenges and capitalize on the opportunities presented by technological advancements and the changing financial paradigm.