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Twitter and GameStop are both a mirage and an iceberg — but don't try tweeting it. Not because you will not own the tweet (you will), but because Twitter is only able to fully communicate the ugly truth about the internet. Elon Musk recently tweeted:In retrospect, it was inevitable— Elon Musk (@elonmusk) January 29, 2021.
In retrospect, it was inevitable
— Elon Musk (@elonmusk) January 29, 2021
Don't fall asleep just yet.
No, I won’t tell you to buy Bitcoin, but if you look at the future, you will be able to buy a stake in the next Twitter and Robinhood. Here are a few things we all clearly feel.Related: GameStop saga reveals legacy finance is broken, and DeFi is the answerDecentralization is just beginningJeremy Heimans and Henry Timms describe the emergence of new power in their bestselling book New Power: How Power Works in our Hyper-Connected World! in a 2014 article: "The old power works like a currency. You can feel a palpable electric current. I promise I’m not going to tell you to buy Bitcoin (BTC), but I am going to tell you why you should be able to own part of the next Twitter and Robinhood. People are starting to shift from centralized to decentralized models of power, moving from holding all the power to sharing it to the many. These changes are beginning to change the balance of power and encourage the diversity our society needs.
Related: GameStop saga reveals legacy finance is rigged, and DeFi is the answer
We've already noticed a leak.
Jeremy Heimans and Henry Timms describe the emergence of new power in their bestselling book New Power: How Power Works in our Hyper-Connected World! in a 2014 article: "The old power works like a currency. Few people have it. Once gained, it is jealously guarded by the powerful, who have a substantial amount of it to spend. A leader's sphere tends to be closed, inaccessible, and leading.
Capturing and downloading is handled by the software. The power of tomorrow works differently. It works like a current. Making it is done by many. The community is open, participatory, and driven by the peer-review process.
Jeremy Heimans and Henry Timms, authors of the bestselling book New Power: How Power Works in Our Hyperconnected World — and How to Make It Work for You, describe the situation in a 2014 article:
“Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures. New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.”
And not the algorithms that have been proven to shape our moods, our self-esteem, and many elections.
Rather than the organic, free-roaming paradise early internet pioneers imagined, the numbers suggest that we are living in a world of participation farms, where the daily acts of millions are fenced in for their own benefit, and harvested by a small number of big platforms.” We have seen it in the invention of the internet, in political movements like the Tea Party or Black Lives Matter, in the Me Too movement, in open-source software, in collective knowledge projects like Wikipedia, and of course, in the invention of Bitcoin (BTC) and blockchain. ?? Something went wrong. Please try again later. That's where the mirage meets the iceberg.
Heimans and Timms go on in their book:
The cat's out of the bag!Twenty years ago, theory was fiction. Today, it's now a reality. There is a network model that exists, only it is based on a pyramid. It cannot rely on the fact that it exists on top of a pyramid since it operates on top of the internet. The internet is controlled by central servers held by central entities. A small group of people controls our human output of data, manipulates it, studies it, sells and uses it in order to influence our behaviors and extract as much value as possible for themselves. Whether big tech giants want to admit or not, this is the way it is. The users are the products, not the customers. In the case of Robinhood shutting down GameStop and other security trading, the free services now point out how user trading data is making the company money by selling it to hedge funds. Far from the organic free-roaming paradise the early internet pioneers imagined, there is a growing sense that we are living in a world of participation farms, where a small number of big platforms have fenced, and harvest for their own gain, the daily activities of billions.”
Robinhood and Twitter — and more importantly, the internet design that allowed their business models — are centralized and need toppling. ?? This is where the mirage meets the iceberg. All of them use corporate-issued IDs (the average person has around 70), and they're all owned by companies. A Web 3.0 internet would provide new infrastructure and storage lines for data.
With the removal of central servers, the option of issuing internet IDs through public blockchains, not companies, and the choice of storing data in their own devices, applications are becoming part of the new power movement.
With decentralized internet, the popular adage “If it’s free you are the product” can finally be disproved. ??
Something went wrong. Please try again later. A global movement, not a company, rules the internet.This was always intended to be an open global network no one controls, like the universe, our brains, our oceans, and now our cultural movements. Several social media platforms are already developing decentralized versions, including Twitter, LinkedIn and WhatsApp. 2021 will be the year when the old power of the internet will cease to exist. In the case of Robinhood shutting down the trading of GameStop and other securities, its free services are now pointing to the fact that user trading data is the real money maker by selling it to hedge funds. Don Bullers has over 10 years of experience in the field of technology, from serving as a digital marketing vice president to founding Tuum Technologies.
He develops software for a decentralized internet using Elastos technology, based on his interest in digital identity and Web 3.0.
As such, . It is true that GameStop and Twitter are mirages and icebergs — but don’t try tweeting that.
No, not because you won’t own it (because you won’t), but because the only real message that twitter could deliver is the ugly truth about the internet as a whole.
In retrospect, it was inevitable... Elon Musk (@elonmusk) January 29, 2021There have been examples of it in the invention of the internet, in political movements such as the Tea Party and Black Lives Matter, in the Me Too movement, in open-source software, in collective knowledge projects such as Wikipedia, and of course in the invention of Bitcoin (BTC) and blockchain. Since Robinhood suspended trading for its supposed users, Jack Dorsey has been talking about decentralizing Twitter & social media in general.
Among decentralization enthusiasts, it's almost synonymous with Syntactical Ambien. Still, don't fall asleep just yet. My promise is I will not tell you to buy Bitcoin (BTC), but I will tell you why you should own a piece of the next Twitter or Robinhood.
Here's the truth everyone feels...Related: GameStop saga reveals the legacy financial system is rigged, and DeFi is the answer decentralization has begun Something's... in the air. A palpable electricity can be felt in the air. In far too many areas of our world, a levy is about to burst — not a literal levy but a symbolic one that has stopped the river of progress and equality from flowing. Throughout history, power has always been held by the few, and people are starting to move from centralized power systems to decentralized ones, shifting from limited control to shared control. With this dam burst, the most powerful people will become much less powerful while all others become more strong.
There has already been an air leak. “Old power works like a currency.
Only a few people possess it. Once it's been gained, it's jealously guarded, so the powerful have a substantial store of it.
There is the concept of a closed, inaccessible, and leader-driven organization. They download and they capture.
A new power differs from a current.
