S67: Digital Economy
FIRESIDE CHAT (EP 6) | 13 - April - 2024
This is Sirflex speaking, Your Host! GM everybody, i officially welcome you today's space.
FIRESIDE CHAT (EP 6)
In today's series, I have one poll & one question for you.
Digital Economy
in this technological era, just after the industrial age that span between 1800s to late 1900s. 3 major event contribute to the evolution of industrial age to information age and the aftermath changed the world completely,
In 1989, Tim Berner Lee invented the world wide web, it became the most common way to access information online. and it changed the way you and I access the internet. people can now represent themselves digitally. this single invention pave way for innovations like web browsers, i mean the likes of Mosaic and Netscape, Search Engines, like google in 1998, and BroadBand networks.
But things were boring, i mean the whole of the internet was buzzling with world wide web but it lacks interaction. people needed to do more. meanwhile silently, Brendah Eich was working on a new invention, and in 1995, he introduced Mocha, which later became Livescript, and finally renamed as Javascript. the major purpose was to add interactions. guess what, it worked
people started leveraging it, Mark launched Facebook in 2004, Chad Hurley, teamed up with Steve Chen, and Jawed Karim to launch Youtube in 2005, and Jack launched Twitter in 2006, all leveraging the power of interaction.
not just that, this single invention changed many things, i am talking about the way you and i will access money via banks, how we chop online via e-commerce, how we access information for education purpose, it changed many things, not just that it also gave birth to new generational cohorts called Gen Zs.
But then we have the problem of ownership, internet was buzzling up and down, but nobody truly own anything, everybody knew a new thing had to come, but no body knows what.
and then in 2009, Satoshi Nakamoto launched Bitcoin. the first time in human history, man will be able to own their money digitally and will not be scared of theft, or need to trust third party to keep or store their money for them.
but more importantly, while Bitcoin was tackling the issue with money, silently, bitcoin was also a success of a new technology to the internet, this tech is Blockchain, which has an underlining concept of cryptography that drives its anonymity, distributed network that drives decentralisation which makes decentralisation and ownership possible, timestamping, the ability to record the time that an event or activity takes place. then remove the delete button, so that nobody can record an event come back to delete it. people felt its just going to be about money.
when we talk about the money. we will calculate that by how quickly it exchange hands called transaction. visa can process 24,000 Transaction per seconds, Mastercard can process just 5,000 transaction per seconds. meanwhile solana boost of processing 50,000 transactions per seconds, you will think thats alot until you know that Aleph zero process 100,000 transactions per seconds. you think that's much abi, Tectum boost of 1.3 million transaction per seconds
but the use of Blockchain technology is beyond money, many people have been able to apply this technology to innovate in many space. Ethereum uses it to create automatic contract between two people that are willing to do business called smart contract, IPFS, BTFS and the likes uses it to store values that is pictures, art work, certificates of any kind, land documents. Axie infinity, Alice and the likes uses it to reward people who put effort into playing games with real money rather than just coins.
!! the question is are you making money from the digital economy, abi you are at the base of the pyramid?
Remember the rules
Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.
Today's series is sponsored by ADEWALEFLEX,
At the end of today's series, we must have been able to take home 3 things
what digital economy is to you
Positioning yourself for the benefit of digital economy
How to maximise the opportunities in digital economy
Welcome to Breakfast w/ Blockchain
Welcome to Breakfast with Blockchain, Here, we talk about Web3, Innovation, our environment and recent development. this Saturday and every other Saturday at 10 a.m, we gather here to chat. Join our WhatsApp for discussion and Connect with us on twitter in our twitter community. and let's grow together.
Let's get started!" 💡🚀 #BreakfastWithBlockchain
Let's get started
what is digital economy to you?
digital content, digital commerce, digital payments, technology infrastructure, Data as a resource, workforce digitization!
How do you position yourself for the benefit of digital economy?
for you as a person
learn a skill
follow news and update
create a digital presence for yourself
Develop the necessary skills to work remotely
for you as a business
digital transformation
data utilisation
E-commerce capabilities
invest in cybersecurity
for the government
Promote digital infrastruture
Push for digital education
Support startup and innovation
Regulate fairly
How to maximise digital economy
follow trend and do research
leverage other people's experience
Expand into new market
Network Digitally
Expand into new market
Conclusion
Thank you for listening in on today's series, its an awesome thing to share ideas and chat with you today. let's do it better next saturday. feel free to be in my dm for any reason at all. enjoy your weekend just a test
If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08
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