Crypto Industry: Going Parabolic

in Threespeak3 years ago (edited)

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The world of crypto is exploding. It is amazing how quickly things are starting to move. We are seeing an increase in the total market cap. However, that is something that we can view as a loosely correlated scorecard.

What is really the thing to watch is the network effect that is taking place. We are undergoing advancement at some many levels that the net impact is much greater than linear.

In this video I discuss how things are changing before our eyes and this entire industry is going parabolic. Exponential forces are already in motion which will carry the totality of this at a pace never seen by any single technology.


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New money + compounding earnings + airdrops seems like an easy way to increase the marketcap. But yea there are just way too many people and the money being generated, we will see a huge crypto expansion.

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All is true . Long time ago if we talk about crypto to 10 people , only 3 people might about it and 1 might say it is a scam. But now it is like food on the table , as long d internet can reach the human population , they might have heard the crypto .

It's been a while since you mentioned the network effect :P although we have yet to see it's effects on hive

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Summary:
In this video, Task talks about the network effect in the crypto market and its impact on exponential growth. He emphasizes the significance of DeFi and NFTs in driving this growth. Task explains how the value of a network increases with each new participant, leading to rapid expansion. He discusses the growth of DeFi and NFTs, highlighting the increasing investments, applications, and infrastructure being developed in these sectors. Task predicts a parabolic growth trend in the crypto market, comparing it to the explosive growth seen in the smartphone industry. He concludes by mentioning the potential impact of DeFi on various sectors like the stock market, insurance, loans, and collateralization as well as the discussion around Bitcoin affecting gold.

Detailed Article:
Task delves into the concept of the network effect and its importance in driving the growth of companies like Microsoft, Facebook, Apple, Amazon, and Google. He explains how the exponential growth of networks, also known as compounding in the financial world, plays a crucial role in the success of these companies.

Moving on to the crypto market, Task highlights the significance of the network effect in driving exponential growth in projects like DeFi and NFTs. He breaks down the network effect, explaining how the value of a network increases non-linearly with each new participant. Task gives examples of DeFi and NFTs experiencing rapid network effects due to more people joining, more investments being made, and the continuous creation of new tokens and applications.

Task discusses the growth of DeFi platforms like Ethereum and Binance Smart Chain (BSC), noting the substantial increase in their total value locked. He predicts a parabolic growth trend in the crypto market, comparing it to the explosive growth seen in the smartphone industry. Task mentions the discussions around how DeFi could impact various sectors such as the stock market, insurance, loans, and collateralization, as well as debates on Bitcoin's potential impact on gold.

In conclusion, Task expresses his optimism about the future of the crypto market, underlining the potential for significant growth and the transformative impact it could have across various industries.

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