Blockchain a vision of the future
Our economic system incentivizes short term growth, continuous production and massive gains. But for who? According to some the divide between rich and poor is becoming a dangerous pothole. We are less concerned with the future health and wellbeing of our societies because of the effect on short term economic gains. While nefarious actions are rewarded with huge capital, climate change activism and sustainable actions are suppressed into an “anti-capitalist”/ “hippie” niche.
It seemed for many years that fighting against centralized control was futile. Our financial systems have exposed many global problems with few solutions until 2008 when Blockchain, an already existing technology, was released into the world. From the cages of a hard drive, through a whitepaper, into the vast and complex world of wishes and ideas. The name “Satoshi Nakamoto” was presented, a name with no ID or contact, the person/group that opened the cage and envisioned a use case for a sleeping technology: Bitcoin as money!
In blockchain technology as a viable alternative, centralized data systems appeared to be corrupt and easy to manipulate. Many bankers and top economists lept on media outlets to share their “professional” views on this new “crypto-thing”. Usually the opinions would opine that it was a scam or fake money with no actual value. All these descriptions, at any other time, could have been applied to our actual monetary system. To help combat the “Great Depression” in the 1930s the U.S. abandoned the gold standard and moved to a growing debt system. Their monetary system, prior to the change, was directly linked with the quantity of gold in their reserves. While the gold standard theoretically held back spending and inflation.
Today the new U.S. national debt is $21,264,843,695,122 (21 trillions). Imagine giving your spoiled child a credit card instead of a debit card. While the debit card holder can only spend what he or she has in the bank, the credit card can create huge debts, in a short time.
It is not accidental that Bitcoin appeared in 2008. The whitepaper came as a civil-statement against the weakness of our debt-generating monetary systems. Naturally it was quickly attacked by many that had something to lose or didn’t really understand its potential. It’s not hard to imagine that very few people could predict the impact of internet. New technologies need time to grow and prove their worth.
Ten years since Bitcoin whitepaper has been released
In its ten year tenure, Bitcoin has managed to survive against all odds. It survived the hackers that had a hand in the collapse of Mt. Gox and the cascade of critics and doubters who rushed yearly to declare it dead again and again. Even the powerful voice of regulators representing governments couldn’t destroy it. Elegantly it dodged every punch sent in its direction. It quickly left the realm of Internet geek money to become the best product of an interesting, powerful and emerging technology: the Blockchain.
This is the technology that caught our attention, and the attention of many others. The ever-growing number of iterations built upon this idea of distribution shows the magnitude of interest manifested by the global community. Every day ICOs are trying to raise funds in order to implement technology in their project with success. Developers are working to create the killer apps of tomorrow and the main word is DECENTRALIZATION. This is the main thesis of blockchain and cryptocurrencies. Why do we need decentralization so much and where do we need it?
This question might be the best investment tool when approaching any new project.
Many companies rushed to join decentralize-land for the quick rewards, with no interest of actually applying or using the technology to improve their systems. Still the technology can be successfully applied to numerous sectors. Not having a central point of control, or a single server to host your data, hasmany benefits. It is harder to break and harder todown by a single entity.
Blockchain can and will facilitate the sustainable growth of business who are willing to embrace decentralization in their business models and processes. The adoption will happen at an alarming rate once the opportunities and benefits are more clear and tangible for everyone. Creativity requires patience and resistance in the face of setbacks and failures. The only true test we have is the test of time. For technologies of such complexity and potential to succeed, support and vision is needed. We must be prepared for a bumpy road. And each one of us who believes in this, should play their tiny role in this movement. Small steps that are happening behind the scenes will be the true catalyst of this huge movement.
For us at Yamzu, we judge this is a great responsibility. We’ve seen this technology as the perfect tool for allowing our database to grow while at the same time ensuring our community will be fairly and safely rewarded. We are inside a young and promising gaming market. Today, it is estimated that 2.3 billion gamers across the globe will spend $137.9 billion on games in 2018. This represents an increase of +13.3% from the year before, or $16.2 billion. Digital game revenues will take 91% of the global market with $125.3 billion. As eSports evolve from a simple amusement into a full-fledged entertainment phenomenon on par with many traditional sports we believe established companies, stand to gain the most.
At Yamzu we use the true power of blockchain to free ourselves from the threats that arise within big global networks. Our team project is a future in which all these actors and contributors will prevail. We will successfully pass the rigorous test of time. With prospects of a better future, we think blockchain technology is here to stay. Every day more and more traditional powers join the crypto boat and leave the sinking ship of fiat, debt born, money. Cryptocurrencies are programmable money, with numerous applications and people who try to frame them only as digital gold are missing the big picture. The power of blockchain is to change the world for the better.
At Yamzu, we’ll play our part by decentralizing the gaming industry and make gamers the true voice of the market. We hope you’re on our side and you’ll join us in this historical quest.