What is ? is a peer-to-peer world supercomputer designed to disrupt Google Cloud, Microsoft Azure & Amazon Web Hosting services alike. How – might you ask? How could these massive corporations become disrupted? Imagine a small group of individuals one day deciding that they’re tired of centralized firms such as Google, Microsoft and Amazon harvesting as well as censoring the personal & private data of their users as well as playing the role of time and capital absorbing intermediaries. How would this small group of individuals be able to disrupt the warehouses upon warehouses of servers that directly supply a vast majority of global infrastructure in form of web hosting services. Simple. The small group of individuals rush home, turn their computers on, and get to work. They create a peer-to-peer network that has the ability to extract computing power from each individual computer and allocate this collective amount of computer power as a resource to be utilized on-network. They call this network “” — it is designed to act as a supercomputer — similar to the ones Google, Microsoft and Amazon provide. Now that this small group of individuals are up and running, they’re still unsatisfied. They recognize that in order to surely disrupt monopolizers that they would need more computing power, thus, more network participants willing to provide computational resources to help strengthen the network. The small group finds that it is hard to gather more network participants without a given incentive, shortly after, the group comes up with a brilliant idea. The idea being, create a built-in, network currency designed to incentivize network participants as well as designed to be a built in tax for all actions/transactions that occur on the network to prevent spam. The flood gates open.
Fast forward half a decade later — the discussion of Web 3.0 continues to develop. is designed to disrupt the ‘firm’. Instead of centralized organizations you’d have decentralized autonomous organizations. What does this all mean? Imagine TD AmeriTrade digitizing all of their shares on top of the Network. Take it a step further, imagine all the that TD AmeriTrade users execute actually occurring on the Network. For each transaction that takes place, there’s a transactional fee paid out to network participants. In the near term, instead of all network participants allocating computational resources in exchange for as an incentive, the Network will be upgraded so that investors will be able to secure the network as well — not by turning on a computer, but by staking (holding) . So let’s get this straight. Global markets on top of , an embedded network tax allocated to network participants and investors — investors get paid every time stocks are traded, every time digital dollars are used as a median of exchange, every time an asset is traded such a , bonds, vehicles, etc., every time a shipment tracking number is checked, every time a background or credit score is checked, there will be a small fee/tax charged and allocated to the collective owners of the Network but you have to buy to get a share of the most widely collected dividend of the future — there will be no other dividend that stretches across this many markets, it’ll be like owning everything with one investment (not financial advice).
Published at Sat, 18 May 2019 02:42:11 +0000
