Ragnarok Announced: The Power Of Millions
Things are getting very exciting around we. The announcements are accelerating as development starts to roll out more options for people. Hive is starting to thrive in a way never seen before.
We recently got the long-awaited announcement from the @ragnarok.game. Ragnarok Is Upon Us detailed some of the events in the first phase of the release of the game. This is going to include an airdrop of NFTs upon individual HIVE holders (there seems to be more reasons to HODL HIVE each day). It is in keeping with the idea of not making something a Security and building from the point of community first and foremost.
Here is one key statement from the article:
This is a community-run & focused project! 100% open-source!
It is interesting that this is open-source. That means the concept of the game can be repeated. This single development could result in dozens of games popping up as people innovate in this area.
The Return Of "Small Business"
In cryptocurrency, we often talk "big". The focus is upon what is going to be the biggest chain. We look at the leading applications. Our efforts are concentrated upon huge numbers.
There is one that we should truly be focused upon in this decentralized world that we are creating. It is true that we need to talk in millions but not necessarily as it applies to one particular project. Instead, we need to concentrate our mindset on the development of millions of different projects. Here is where we see the massive shift taking place.
With the present system, it appears the wiping out of small business is on the agenda. Whether planned or just coincidence, the indisputable fact is that we are seeing less of our budgets spend with small companies. Instead, we shop at big box stores, get our telecommunications and entertainment from major corporations, and purchase online from the likes of Amazon.
Cryptocurrency is allowing us to return to a different era in this regard. Whereas we are basically forced to deal with major corporations at every turn, newer developments are giving us options.
#play2earn is an example of how this shift is taking place. What is emerging at this point is outside the major game developers that dominated the industry for so long. Now, people's time is spent focus a small business where the users have stake. This is a radical concept.
The Lesson Of The Cockroach
Anyone who ever dealt with a cockroach infestation knows where this is going. When this happens, they are near impossible to get rid of. They are everywhere. Of course, as soon as the light is turned on, they scurry into every crevice they can find. It often seems like they reproduce more when trying to get rid of them.
The reason this is brought up is to signify our dealings with governments and regulators who seek to strangle this industry. We do not have to hunt too long to find another politician or banker who is saying how cryptocurrency needs regulation.
There is strength in numbers. Decentralization means that we remove the point of vulnerability that comes from having things centralized. Control only comes from a hierarchical structure. That is what society is built upon and a case can be made this is by design.
Cryptocurrency and open source allows us to go horizontal. When we develop a complex system organically, we see a reversal of how of what we have now. Even though there was organic development over the decades, it was always within the confines of a hierarchical system.
Now, we are applying the lessons of the cockroach. Cryptocurrency is scurrying into ever crevice it can find. There is no single "cockroach in charge". Instead, we have a number that are reproducing on a regular basis. This is happening across the industry with each new project that arises.
This is going to drive the "exterminators" (politicians and bureaucrats) crazy. They are going to try to control as always not realizing things are operating in a completely different realm. Their hierarchical form of control no longer applies.
Consider this statement from the above linked article:
The game will have many HBD sinks. The HBD is sucked into a "blackhole" via the SIP v1, where it will be locked away to earn interest in perpetuity.
It is a topic we covered in the past. The present system looks at the financial industry as an entity on its own. We know this is one of the main forms of control, hence it has to be separate. A case could also be made this is at (or near) the top of the food chain.
Cryptocurrency is changing this. Decentralized Finance (DeFi) is not separate from everything else. Here we see how it is being interwoven into everything.
Ragnarok is a game. It is going to incorporate HBD as not only the payment token but will also utilize the DeFi aspects to earn interest. This is likely going to be used to enhance the experience of the players during the game.
Hence we see the merging of gaming and DeFi. Consider what things will look like when every application is doing something similar. Just ponder for a moment what happens when every application is built in a way that incorporates DeFi into the experience of the users. In the future, that will be the norm. This is a part of Web 3.0 that is often overlooked.
Millions Of Projects
It will get to the point where there is enough infrastructure and open source code in place that projects will roll out almost as quickly as people can think them up. We are at the starting point now which means a lot of fundamental development is required.
The enormity of cryptocurrency is going to come from the totality of all that is developed. The goal is not to have one project be worth hundreds of trillions of dollars or be used by 3 billion people. Instead, the focus is going to be on having millions (tens of millions) of projects, whether it is investment funds, gaming, social media, or whatever else people come up with, that individuals can utilize.
Here we see how the system is suddenly horizontal in architecture. It is mass chaos since there is no plan, unity or cohesiveness. Instead, people are just creating and throwing something else out there. The application might only have a couple dozen users yet that could integrate DeFi so those people are generating a fine return.
As we can see, it is all a part of a much larger pie.
This is where the resiliency comes in. As long as the core team is supporting that project, it will continue to operate. When we multiply this concept a million times, we can see how the control system is negated.
When you turn on the light, you might be able to get a cockroach or two, but the majority slip away.
That is the power of all these "small business" popping up. While a couple could be caught, the majority will be outside the reach. This is especially true if it is set up like Ragnarok from the beginning. When a project is truly owned by a global community, there is nothing a centralized entity can do.
Thus the goal needs to be 1 million cryptocurrency projects that integrate DeFi into the model. After that, we start the journey towards 5 million. And then 10 million.
It is time to reproduce in a massive way.
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