There is an Extinction Event Coming That Threatens to Wipe Out the Old Economy
The event is the rise of the decentralized economy. Since the early days of Bitcoin we have seen the decentralized economy grow before our eyes. The great majority of the world has no idea that this meteor is about to strike.
Banks and Fiat Currency are Quickly Becoming Obsolete.
The first sign of the future came with the rise of the crypto currencies that allowed us as citizens of the world to go unbanked. These were currencies such as Bitcoin, Dash, Dogecoin and some of the newer ones like Monero, ShadowCash and now ZCash. Did you know that you can have a Bitcoin debit card and not even have a banking account? Read "Access Your Bitcoin Using the Wirex Bitcoin Debit Card.".
This is an epic shift. How money is used will never be the same. We no longer need intermediaries to carry out transactions across the globe. I can't wait until my Crypto Currency transactions are 100% peer to peer or from me to a company without Visa or Mastercard in the middle. The shift is happening! When the population of the world that is unbanked begins to wake up to the power of crypto currencies a great force will be unleashed and I want to be there!
The Decentralization of the Economy.
When the Ethereum network launched there was great excitement in the tech world. We looked around and noticed that this technology could make lawyers, accountants, governments and other intermediaries obsolete. This shift will transform the way the world works as we know it.
Enter Arcade City, this Ethereum based Crypto Currency is going to upset the current sharing economy. Companies like UBER, Lyft and Air BNB are in the cross-hairs. First Arcade City is going after the ride sharing economy. Literally a decentralized economy of peer to peer service providers and consumers.
Don't Miss the Upcoming Token Sale for Arcade.City.
An amount of 100,000,000 tokens will be created to start this new economy. 84,000,000 tokens (84% of the total supply) will be offered to the public during a 28-day token sale, starting November 1, 2016 at 3pm UTC.
Social Media is a Slow Moving Behemoth and the Decentralized Economy has Noticed.
We have build out company $200 Social on the backs of these centralized social media giants. The days of social media companies syphoning off our data for their investors benefit are going to come to an end. The public blockchain will be available for anyone to see which makes their data less valuable. This will literally opensource our lives. I appreciate all that these titans have afforded my family but every dinosaur will become extinct in the coming decentralized economy.
Social media platforms like Steemit are quickly taking a foothold in the world of the decentralized economy. Other notable decentralized social media platforms include Yours Network and Synereo which are still in development. I am sure we will see a private social media channel similar to what ZCash is doing with crypto currency.
"Just think the Centralized companies (Facebook, Twitter, Google, PayPal) are like dinosaurs. They think they are the rulers of the land but a meteor is on its way that is called decentralization. Soon they will be fossils." - Randy Hilarski
Don't be left behind. You can be part of the largest shift in wealth in history. We are largely invested in the future of these technologies and I recommend you put a portion of your net worth into the decentralized economy also. It is the most exciting time for me in my life!
Meet Anabell and I at the upcoming laBITconf in Argentina next week or in Amsterdam in two weeks at SteemFest. We hope to see you there.
Find the original article on Steemit. [The Rise of The Decentralized Economy.](https://steemit.com/crypto/@hilarski/the-rise-of-the-decentralized-economy)
Post Source Here: The Rise of the Decentralized Economy
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