Microearning Is Ushering In Something Completely New
There is little doubt that technology is advancing in ways that were unimaginable 20 years ago. One of the areas we see a lot happening is with infrastructure. This is opening a new door to people, especially as decentralization starts to take hold.
In this video I discuss how the Age of Abundance is going to be brought about, in part, by micropayments. People are going to find they will get hundreds of different tokens each month. This will seriously alter the future path of many.
▶️ 3Speak
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Thanks for sharing man... I appreciate
I love the idea of royalty micropayments to NFT holders.
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Every time I click that little heart, it give the post a .003 micropayment, and then I am rewarded with all sorts of fun little tokens that most of which I have no idea what their purpose even is.
Still cool as hell, and would love to see it turn into something astronomical.
Those micropayments definitely add up and I like how the high volume trading got into the argument. The banks are great at doing these things because if you do it millions of times, it's still adds up.
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Many still take this for granted, but after a few years, we will see. . .
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Summary:
In this video, Task discusses the concept of the age of abundance, focusing on the future of micro-payments and how Hive can play a significant role in facilitating this ecosystem. He points out that Hive stands out as it has a payment system capable of handling micro-payments efficiently, unlike other networks that struggle at the blockchain level. Taskmaster 4450 delves into the technicalities of micro-payments, discussing how they can be integrated in the current monetary systems and how cryptocurrencies like Hive offer a solution to enable seamless micropayments. He envisions a future where individuals can earn small amounts of crypto for various online activities, leveraging technologies like NFTs and AI to automate the process.
Detailed Article:
Taskmaster 4450 kicks off the video by introducing the concept of the age of abundance and its relevance to the future of micro-payments. He associates this discussion with Hive and highlights its capability in handling micro-payments efficiently compared to other blockchain networks that struggle in this aspect. The speaker draws attention to the growing trend of micro-earning opportunities and the significance of infrastructure in this landscape.
Task delves into the technical aspects of payment systems, contrasting traditional monetary systems with the evolving landscape of cryptocurrencies. He discusses the nuances of handling micro-payments, mentioning the inefficiencies in current systems like Bitcoin, which require batching payments due to technical limitations. The video explores the transition of money and monetary systems over time, emphasizing the importance of accounting and communications in financial transactions.
The speaker pivots to elaborate on how micro-payments can revolutionize various industries, especially in the context of automation and reward systems for infrastructure providers. Task elaborates on how entities like Facebook, Google, and Salesforce operate as data warehouses, underlining the potential for decentralized servers and individual incentives in providing infrastructure.
Furthermore, Task illustrates how micro-payments can transform the way royalties and earnings are distributed, especially in the realm of NFTs. He emphasizes the role of cryptocurrencies like Hive in enabling seamless micropayments, paving the way for individuals to earn small amounts for their creative contributions.
Moreover, the video touches on the concept of high volume trading and draws parallels with micro-earnings, illustrating how small amounts can accumulate over time to generate substantial value. Task envisions a future where technologies like NFTs and AI play pivotal roles in streamlining micro-payments and automation processes.
In conclusion, Taskmaster 4450 underscores the potential of cryptocurrency in democratizing monetary flows and monetizing various online activities. He speculates on the future trajectory of decentralized entities and the tug of war between centralized and decentralized systems in the financial landscape.
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.