I love to eat fruits and vegetables for dinner and I think I have a new found love for pineapples. Guess what, As I nibble on my pineapple, I can’t help but notice how camera shy I’ve become lately.
I seem to enjoy hiding behind my keyboard or pen communicating the contents of my heart, observing social media buzz , learning from a plethora of thought leaders who flood my timeline daily with nuggets, tips and tricks for survival in a confused economy in Nigeria.
i am thinking, What has happened to my selfie spirit? Is it that I’m growing too old for the social media frenzy?
Well its true that change is the only constant and inevitable experience in life.
well how does this connect with my subject?
well in regards to the quest for more money in the bank and more money to pay bills it has become increasingly inevitable to see the changes on how technology influences how we make, save and invest money like the changes to my love for pictures, social media buzz and the limelight.
Now it’s the technology behind cryptofinance that has the revolutionary power to disrupt the existing financial system in a way that makes a lot of newbies wonder and ponder whats really going on.
The bitcoin gist seems to be every where
Recently, i read on a blog how a group of archaeologists and anthropologists published a really interesting, comprehensive study of prehistoric civilizations and their sources of wealth.
It turns out that the most prosperous people and civilizations across ancient history– and I’m talking 10,000+ years ago before any recorded history– were those who harnessed new technologies to become more productive.
Back then it was all about agriculture.
And while it all seems so simple and obvious to us now, the use of large animals like horses and oxen to plow fields was considered game-changing technology for these prehistoric tribes.
The researchers surveyed data across a number of civilizations and found a much higher level of prosperity in places that used animals, versus places where farmers plowed their fields by hand.
The use of animals was a huge multiple of human labor, so farmers could extend their fields far beyond what was ever thought possible… and hence produce a massive surplus of food.
Moreover, they soon discovered that animal manure was an effective fertilizer that only enhanced crop yields.
More volume, more efficiency, higher yields… precisely the results that great technology produces.
Quite simply, the people and civilizations which embraced and used the technology prospered. Those who didn’t get left behind.
We’ve seen this over and over again throughout history. The printing press. The advent of machinery in the Industrial Revolution. The emergence of the microchip. The Internet.
Now it’s the technology behind cryptofinance that has the revolutionary power to disrupt the existing financial system.
Think about it– every single financial function that banks currently monopolize, from deposits to lending to money transfers and currency exchange, can already be done better, faster, and cheaper outside of the banking system.
Banks take days to transfer funds. Blockchain transactions take an hour, maybe minutes… sometimes seconds.
Banks charge exorbitant fees to change from one currency into another, as if they have to put a ton of work into finding a buyer for their customers’ euros and US dollars. Give me a break.
Online platforms can do it at practically no cost.
Banks also charge exorbitant fees to make loans; it’s pretty standard for borrowers to pay at least a 1% to 3% origination fee up front, before you start paying interest.
Yet Peer-to-Peer sites squash these costs down to almost nothing.
Banks no longer have a competitive advantage in finance, and it’s only going to get worse for them.
The technology is powerful and game-changing. And again, those who don’t adapt will be left behind.
On the flip side, it’s obvious that a lot of people have made a lot of money in cryptocurrency.
And that’s great. Plenty of money has been made… and there may still be opportunities to make more profits speculating in cryptocurrencies.
But the big money has always been made by the folks who were on the forefront of developing the technology and applying it to bigger and bolder uses… NOT speculating on price volatility.
Back in ancient times, once people discovered that horses and oxen could multiply the labor of human beings, there were probably plenty of traders who made money speculating in animal prices.
But the real wealth was made by people who applied that new ‘technology’ to bigger problems and fundamentally changed the way their societies did business.
This will very much be the case with crypofinance.
The real prosperity isn’t in chasing the Bitcoin price higher, and certainly not in the latest ICO craze.
The real prosperity will be for the visionaries, entrepreneurs, and investors who back them– those who develop this technology and apply it in ways that fundamentally change the way we engage in finance and commerce.
So if you feel like you ‘missed’ Bitcoin, don’t worry: we’re just at the beginning of this phase… you haven’t missed anything.
In fact we haven’t even begun to scratch the surface of those application opportunities.
While you go about the yuletide season, i like to advice that you think about saving the last cash against the new year, so as to avoid looking for prophets of boom and doom in 2018 who will feed you manipulative information on the outcome of your life and financial decisions.
I and a Team of experts will like to have a practical workshop session with you on e-commerce infrastructure and cryptocurrency Trading,
in Uyo and Port Harcourt, Nigeria on the 20th and 27th January 2018
We hope to expose, guide and provide mentorship so you are well informed on the changes that is influencing the economy.
Think about it with the way technology is influencing the economy, you need to get all the facts and information to make the best decision. so that you are not left out. if you would be interested in this practical workshop click here Or chat me up, lets have a conversation on how to participate using 08033604168\