Age Of Abundance: Technology Leading The Way

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(Edited)

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This is something that was really ephasized by the linked article that talks about the analysis by a couple of people from JPMorgan who believe that crypto staking on Ethereum, paying out about $9 billion per year now, will jump to $40 billion by 2025.

In this video I discuss how this is indicative of what is taking place all across the crypto-sphere. Of course, we are also seeing the bigger trend which is technological expansion. Thus, prices of many things are going to keep getting pushed down in the same way video, music, long distance communitcation and information witnessed.

Link to article mentioned in video:

https://markets.businessinsider.com/news/stocks/ethereum-upgrades-crypto-staing-industry-boom-jpmorgan-ether-2021-7


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Bang, I did it again... I just rehived your post!
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Well in my view, JP Morgan believes in the huge amount of money they can earn from their investors.

The stablecoins themselves have issues since most of them tend to be built by centralized entities. HBD itself has a decent chance but we have yet to fully test the new functions and whether or not the new safeguards can peg it correctly.

Posted Using LeoFinance Beta

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I’m willing to save HBD to earn 7%. I’d have to test however, how easy it would be to liquidate, if necessary. I think @Blocktrades may have HBD to USDC. I’d have to also take a look, afterward, at bringing in savings from outside. Using the Hive blockchain as a bank is something I had not considered.

Lately, I have been keeping earned HP, and cashing out HBD rewards and Hive from leases.

My only concern is that 7% is less than the real rate of inflation.

In the long-run, it may turn out that the first step in bringing commerce to Hive is to have people keep HBD on hand for spending. Or, to import cash to hold on-chain. The only missing component would be some form of lending built in to Hive, although Dlease already does that rather well. But, perhaps rather than earn Hive, we could earn HBD.

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Summary:
In this video, Task discusses the concept of the age of abundance within the cryptocurrency space. He delves into the potential for significant returns through projects like staking tokens on Ethereum, DeFi services, earning interest on stable coins, and engaging in activities within platforms like Hive and Cub Finance. Task highlights the ongoing technological advancements and the potential for disruption in various industries like construction and education. He expresses optimism about the growth of the crypto space and the opportunities it presents for individuals to increase their wealth in the coming years.

Detailed Article:

Task delves into the implications of Ethereum's upgrades to proof of stake, with JP Morgan analysts predicting a $40 billion annual staking reward on Ethereum by 2025. Task speculates on the likelihood of Ethereum being a preferred platform for banking services due to its anticipated growth and the entrance of big players like Ethereum and JP Morgan into the sector.

He emphasizes the significant returns that can be achieved by participating in liquidity pools on Ethereum or other platforms like Cub Finance on the Binance Smart Chain, which offer lower transaction fees, making it more accessible to smaller investors.

Task also touches on the potential for earning interest on stable coins like HBD on platforms such as Hive, highlighting the decentralized nature of these opportunities and the security they offer due to blockchain technology.

Moreover, Task discusses the broader technological advancements in the crypto space, noting the increasing value of projects and services like Actifit's DeFi initiative, Cup Finance's forthcoming airdrops, and the Speak Network's developments. He underscores the potential for growth in the crypto gaming sector, with examples like Splinterlands, alluding to the potential minting of significant profits through such platforms.

Furthermore, Task reflects on the unprecedented network effect still awaited in the crypto space, predicting a future influx of institutional money and a surge in project developments that would enhance the value of existing crypto assets.

Task expands his discussion beyond the crypto realm, pondering the potential disruptions in industries like construction and education due to advancing technologies. He draws parallels with how various industries have been transformed by technology in the past, projecting a similar future for sectors like education and construction.

In conclusion, Task paints a picture of a flourishing crypto ecosystem, brimming with opportunities for investors and users to capitalize on the ongoing technological advancements and disruptions in traditional industries. He optimistically forecasts significant growth in the crypto space in the coming years, hinting at the possibility of many individuals achieving millionaire status as the sector expands rapidly.

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