The Age Of Abundance: Cryptocurrency Plus Technological Deflation
We are going to see a major change in things over the next 10-15 years. Cryptocurrency is opening a lot of doors to people. This will lead to innovation and creativity that will result in massive amounts of wealth being generated for hundreds of millions of people. At the same time, technology is going to keep decentralizing things which will drive prices down.
in this video I discuss how we are going to see an Abundant Era created over the next decade and a half.
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The crypto that works through a deflation mechanism is "Statera". It is an Indexed Deflationary Token (IDT). Basically, 1% of the token is burned for each transaction made. This leads to a reduction in supply and theoretically to an increase in value (thanks to a balancing pool).
Summary:
In this video, Taskmaster4450 discusses the concept of the age of abundance, particularly focusing on how advancements in technology, cryptocurrency, and blockchain are leading us towards a new era of wealth creation and decentralization. He highlights how various projects and platforms in the blockchain and cryptocurrency space are allowing individuals to generate income easily and mentions the potential impact of decentralized technologies on various aspects of life such as energy, education, and software. Additionally, he expresses his concerns about how government interventions and agendas may hinder the progress towards abundance and prosperity.
Detailed Article:
Taskmaster4450 begins by reflecting on the concept of abundance, particularly in the context of emerging technologies like cryptocurrency and blockchain. He emphasizes how these technologies are revolutionizing the financial sector by enabling the creation of wealth through various projects and platforms. By mentioning his own experiences with earning rewards through web browsing and cryptocurrency activities, he illustrates how small actions can accumulate into significant financial gains over time.
He delves into the potential impact of decentralized technologies on various sectors like energy, education, and software, foreseeing a future where production and consumption are brought closer together, creating efficiencies and reducing costs. Taskmaster4450 introduces the idea of pro-sumers who both produce and consume goods and services, emphasizing the shift towards decentralized production models.
Furthermore, he discusses the role of governments and power brokers in potentially impeding progress towards abundance, especially through interventions like the green movement. He criticizes rushed transitions away from fossil fuels and other abrupt technological shifts, highlighting the importance of gradual advancements and infrastructure development in adopting new technologies.
Taskmaster4450 expresses optimism about the future of cryptocurrency and blockchain technologies in eradicating poverty and creating wealth on a large scale. He envisions a future where these technologies enable financial empowerment for a wide range of individuals, not just a select few, leading to the emergence of wealthy participants across different cryptocurrency projects.
In conclusion, Taskmaster4450 advocates for embracing the potential of decentralized technologies to drive progress towards abundance and prosperity while cautioning against potential obstacles posed by governmental interventions and rushed technological transitions. He ultimately paints a picture of a future where advancements in blockchain and cryptocurrency technologies play a pivotal role in reshaping societal structures and facilitating wealth creation for a larger segment of the population.