Crypto-Sphere: Having An Idea Of Where Things Are Heading
(Edited)
I brought up this topic a number of times when referring to investing in the markets. However, it is an equally important point to gear towards our time and efforts in the crypto-sphere.
Having an idea of where things are going helps us to make better decisions of where to place our efforts. We see a lot of activity in the crypto world focused upon recreating the past. This is not where things are heading.
In this video I discuss how it is vital that we understand what is taking place and how certain technologies are going to be a part of our lives. This brings up the question of whether a blockchain is moving towards that end or involved in something else.
▶️ 3Speak
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I like the idea you shared about technology. I believe that investing in technology is a good idea that can bring multiple folds to the investment and after all Bitcoin is also a technology. Nice video.
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Investing in technology is the only way forward in my opinion.
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That is a must if you want to have results, and knowing the past is a must as well.
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Those who do not know history are deemed to repeat it.
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https://twitter.com/shortsegments/status/1354803153854586891
I completely agree. Technology is always changing and we need to make the best of it to stay relevant in the world. With all the new developments in HIVE, I feel it has a good future and is currently headed in the right direction.
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Technology drives change and change is good for crypto. Things never stand still otherwise they die and are overtaken by the next thing. Knowing where you have come from and where you are heading helps as mistakes cannot be repeated.
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Summary:
In this video, Task discusses the importance of having a forward-thinking approach to investing in technology, particularly in the cryptocurrency space. He emphasizes the need to understand where technology is heading to be a successful investor. Task highlights the significance of blockchain technology in the evolving landscape, especially in the context of the metaverse and Web 3.0. He cautions against projects that focus on recreating the past rather than innovating for the future. Task uses examples like Bitcoin forks and Tron to illustrate his points, focusing on whether these projects align with technological advancements that will shape the future.
Detailed Article:
Task starts the video by stressing the importance of having a technological outlook when investing, citing the rapid changes in technology that have disrupted established businesses over the past two decades. He mentions examples like Amazon's impact on retail and Netflix revolutionizing the entertainment industry. Task applies this concept of forward-thinking to cryptocurrency projects, cautioning viewers about getting caught up in the hype of new projects without considering their long-term potential.
Task touches on Bitcoin and its role as a store of value, praising its potential to outperform gold and serve as a foundation for financial services. However, he expresses skepticism towards Bitcoin forks, suggesting that they may not offer significant value compared to Bitcoin itself. Task expresses particular interest in Litecoin for its potential privacy features and on-chain vaults, hinting at its alignment with future technological trends.
The discussion then shifts towards the concept of Web 3.0 and the metaverse, with Task emphasizing the importance of blockchain technology in shaping these emerging spaces. He warns against projects that fail to innovate for the future, using Tron as an example of a project that may lack alignment with the evolving technological landscape.
Task introduces the idea of foreseeing technological trends akin to Wayne Gretzky's approach to hockey, emphasizing the need for projects to anticipate where technology is heading rather than chasing current trends. He discusses the potential longevity of blockchains and the importance of building technologies that will remain relevant in the coming years to avoid becoming obsolete.
Task highlights Hive as a project that he finds exciting due to its inclination towards advanced technologies that align with future trends. He teases an upcoming article about a specific project on Hive that he believes epitomizes forward-thinking innovation.
In the latter part of the video, Task urges viewers to pay attention to various technological advancements including renewable energy, the metaverse, mesh networks, edge computing, and biotech research. He emphasizes the integral role of blockchain technology as a ledger and accounting system in facilitating transactions in these cutting-edge fields.
Task underlines the necessity for investors to keep abreast of technological advancements and choose projects that are building for the future to ensure longevity and relevance in the rapidly evolving technology landscape. He concludes by encouraging viewers to adopt a forward-thinking mindset and stay informed about emerging technologies to make informed investment decisions.