Now, before you proceed on reading, you will have to watch this short 7 minute talk by none other than the Andreas Antonopoulos about the 5 stages of grief. He mainly talks about the established institutions' reaction on Bitcoin mass adoption:
Inefficiency is the price of freedom:
Recap - The 5 stages of grief by Andreas Antonopoulos:
1st phase: Denial
2nd phase: Anger
3rd phase: Bargaining
4th phase: Depression
5th phase: Acceptance
If you are paying close attention with the cryptocurrency space, you'll find that we are now in the 3rd phase going into the 4th phase. I've laid out links below that, suffice to say, is proof of the 3rd phase which is, bargaining:
Amazon AWS:
https://aws.amazon.com/partners/blockchain/
Etherium Infura (or basically Etherium node but centralized and running on Amazon AWS):
https://infura.io
Microsoft Azure:
https://azure.microsoft.com/en-us/solutions/blockchain/
Even the big G is in on the party:
https://www.bloomberg.com/news/articles/2018-03-21/google-is-said-to-work-on-its-own-blockchain-related-technology
And of course, Facebook:
https://www.bloomberg.com/news/articles/2018-12-21/facebook-is-said-to-develop-stablecoin-for-whatsapp-transfers
I've only laid out the biggest tech companies because they're really the only ones that has a real say on the tech. But even they are completely missing the point! Blockchain is an inefficient database (at least in its infancy). Removing all of its strengths, centralizing it, and marketing it off as "the blockchain innovation" does no good to them than selling email addresses. Not to mention all these "blockchain patents" is making me want to faceplant. Staying relevant for the sake of staying relevant is the name of the game.
4th phase is around the corner
Word: Recession. Us nearing 4th phase is still open for debate. But really with $257 trillion in debt, we are pretty much on the 2nd brink of bank bail-outs since the 2008 real-estate bubble. Where do you think the world economy is going to find productive ability to service that amount of debt? Talk about debt cycles, we're definitely way too overdue for some deep deep sell offs.
Debt cycles in a nutshell:
I like your post.
MagicDice - Dice Game on Steem
thanks! it's only a hobby of mine so i don't write often. but i try to make it count!
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