You may not realize it yet, but pretty soon everything you do on the internet will have a price tag. Every google search, every message sent, every like, every comment, will be considered a “transaction” in the system causing you to spend a micro-portion of cryptocurrency each and every time.
Many may not notice it, but its actually happening. The collapse of social media is happening while we don’t even realize it. In fact, we as a society are fueling this collapse without even knowing it. Once social media begins charging its users, more than 50% of the user base will vanish and rehab back into society. What we don’t realize perhaps is that this is already happening in a very “back-door” sort of way. How you might ask?
Bitcoin gained immediate popularity and growth since 2009. Almost 9 years later, we have hundreds of coins that are on the coin exchange looking to gain value. And guess what, these coins have tripled value for companies in an extremely short amount of time. Coins are backed by a process or transaction happening on the blockchain. The blockchain is a revolution in technology that is happening now. As coins are becoming “ICO’s” (Initial Coin Offerings), their value is increasing significantly as coins are associated with more and more transactions happening in an application. We are finally at a point where code, resulting in an action, now has monetary value in the form of coins.
You may not realize it yet, but pretty soon everything you do on the internet will have a price tag. Every google search, every message sent, every like, every comment, will be considered a “transaction” in the system causing you to spend a micro-portion of cryptocurrency each and every time. This adds up quickly. Not to mention, every social media company will eventually require you to have a digital “wallet” which will require you to have cryptocurrency in the wallet in order to do anything on their app. Companies like Google, Facebook, Twitter, and Instagram have all come on record to say that they would explore the potential of creating their own coin. What does this mean? This means that if you access Instagram and want to slide into a “DM”, you’ll be charged some odd fraction of a cryptocurrency each and every time. Oh, and this means you’ll need to sign up for the Instagram wallet, requiring you to buy Instagram coins before even using the application.
How is this a win-win situation? Well, as soon as these social media companies get their own coin and go “ICO”, they triple their value. Its just the nature of the beast. Not only that, but also a significant amount of users probably won’t even bother in investing in digital currency to use app’s like Instagram or Facebook, because quite frankly, it would be a waste of currency unless you really needed that access. This would significantly reduce the number of users on social media. Especially when the decision will come down to whether I want to save my cryptocurrency for google searches or giving somebody a “like”.
It’s about time. As much as I’ve avoided the crypto scene is as much as I support it now. Get ready for a whole new wave of rehab and conforming back to societal norms like communicating face-to-face. We’re headed towards this digital change, whether we’re on board or not, it’s only a matter of time.