Why Crypto and Web 3 Are The Future

It's crazy to think that crypto started over 13 years ago with the dawn of Bitcoin. It didn't really gain any public notice though till 2011. It wasn't till 2017 we saw our first real rally that pushed bitcoin to nearly 20k. To me the base line for bitcoin would be $20,000 - $25,000 falling below those numbers for me personally is a full buy and anything above is just nice lol

These numbers should show you though that bitcoin but in particular crypto isn't going away and is only going to develop and become stronger every year. New chains, more strength, more ways to combat negative impacts and people via self governance and continued applications being built across many chains.

Web 3

Web 3 gets tossed around a lot and it's a mix of some very crazy applications which to me are not true web 3. That's the big thing to note about web 3 the terms and what it is or will be are currently be worked on. For the most part though it's a way to bring value back to people that interact and produce content and less and less about the mega companies running these social media platforms.

One of the blockchains currently paving this path is Hive! Yes, Hive is the best example of true web 3 I have been able to find out of any other chain or application. Many of these new applications are focused on themselves and building revenue for themselves like your old school Facebook, Twitter etc. But Hive and in particular LEOFinance are building true web 3 applications for how I envision it.

Web 3 should have decentralization and token based economics at it's core. This is why I am pushing so hard for web 3 and investing in projects that hold this same vision. It's seriously one of the last things that offers restoring powers back to people and out of the hands of a few. It's a way to restore privacy and other things we as people have the right to and millions died for.

Web 3 will take systems we know today such as Facebook, Twitter, Youtube, TikTok etc and convert them into a platform where you login with a digital ID which locks your account and proves you are that person based on a blockchain ID from there it will have tokennomics which will hold value and that value will come from buying of the token, advertising and other traditional social media revenue that is generated now. However the application will be decentralized which means those holding the token by staking it will be entitled to part ownership of the platform and be rewarded for it. Thus giving power back to each person and content creator and away from a single core business, person or entity. Now everyone who takes part in it is part of that system.

This has been tried many times in the past by offering monetary systems to take on the likes of Facebook etc. But those all ended up in a huge spam fest. You'd be surprised what people will do for a few pennies seriously! However this self governed system is going to allow people to start taking action against such things by having a vote in the system by the stake that they hold.

It's a huge project when you think about it but Hive has already accomplished a fair amount of this and LEO is now paving the way for the next evolution!

Posted Using LeoFinance ^Beta