How the blockchain is revolutionizing wealth distribution
Blockchain has the potential to change the world in a multitude of ways, from changing the way we shop and learn, to how we track progress, to changing the way we communicate and trust each other. Among the many opportunities that blockchain presents, is the groundbreaking possibility of revolutionizing wealth distribution.
Globally, wealth tends to circulate in tight circles and the vast majority of consumers are left out of those circles. There’s a prevailing idea that there are haves and have nots but blockchain technology is shifting the paradigm. Blockchain provides a basis for decentralised currencies, like Bitcoin…
Networks that are built with blockchain often incentivize their members through compensating them with Bitcoin, Etherium, or some other valuable digital currency.
How does this contribute to wealth distribution? It creates an atmosphere of abundance and changes the participants’ perspectives about what their time and attention are worth.
An Atmosphere of Abundance
Networks that are built with blockchain are founded on a technology that encourages exponential growth, in fact it’s seen as inevitable. Blockchain and the principle of a consistently evolving community go hand-in-hand. Instead of being founded on the idea that there’s a scarce amount of resources available, blockchain depends on the unlimited creative energy of the masses. Networks grounded in blockchain technologies promote the idea that the development of the community depends on the activity of its members and that as they bring their creative energy to the group, wealth will continue to generate and support that belief, by actually compensating group members for their contribution, time, and potentially even their attention.
A Paradigm Shift in How We Allocate Our Attention
Everyday people invest their time and attention in social media, listening to advertisements and engaging in online experiences. How often do people see a return on that investment? People don’t often think about their time and attention as worthy of compensation in that context, but these new networks challenge that belief system. When networks built by blockchain compensate members, they consciously shift the way participants think about their attention, arguably their most valuable resource.
This shift in mindset doesn’t exist in an isolated vacuum… In fact it has a domino effect on several critical aspects of our lives…
Self Worth… Members of these blockchain communities carry this elevated sense of self-worth out into the world with them. They carry it into the boardroom, to the proverbial watercooler, and to their homes.
Agreements… It informs the terms of the contracts that they sign and the employment agreements that they enter into.
Collective Minds… Changing the way we see ourselves, and our place in the world effectively changes the world, changing minds is revolutionary and that is exactly what blockchain enables for the common interests of humanity…
Summing it all up…
The legacy financial system is built on a scarcity model where extraction and competition are incentivised… Whereas in contrast the new blockchain based financial system is based on abundance, where everyone gains together as the ecosystem grows, and collaboration and sharing are incentivised.
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Sending love,
F.
