Look up crisis theory, the rate of profit tends to fall in capitalist systems. Because each company is driven by competitive self-interest, it is incapable of acting for the good of the whole. You simply cannot devote resources to anything but trying to out-compete your rivals and in doing so the profit for everyone tends lower and lower until you have a crisis.

I don’t believe that is accurate. Beside moons (which don’t orbit the sun), Pluto is the largest and closest dwarf planet.

Chatgpt… please summarize the Gartner hype cycle for a 5 year old

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Asset Tokenization and Smart Contracts are two things that will be increasingly used in Finance. That is why the recent BIS report on CBDCs included both of those as essential features of a Central Bank Digital Currency.

What Blockchain does is provide these features of a digital currency in a way that doesn’t require a trusted intermediary. This makes Blockchains resistant to censorship in a way that a central bank digital currency can never truly guarantee. It is true that a centralization system like a database or ledger can be faster, more efficient and more secure but that you will always have to trust that provider of that service that they will continue operating in a manner that is congruent with what a user may want.

A recent example of this would be the news that Ubisoft is deleting inactive accounts on Uplay, which is potentially resulting in many users losing access to games they bought on that platform. Were the rights to those game tokenized on a Blockchain or CBDC, the users could potentially redeem that on another platform. Another example would be the case of the user losing his 900 hour character in Red Dead Redemption after Google shutdown stadia. Had that player’s character been tokenized as an NFT he might have the capacity to move it off of stadia and onto another game platform.

Get a little nervous about your Steam Game collection worth 1000s of dollars that is completely locked into Valve’s ecosystem? How about a decentralised, immutable and censorship-resistant record of your ownership of those games? That is what asset tokenization is about and it will become more important in the future as our lives and our assets become more digital.

Then there are multitude of uses for smart contracts which, again, don’t require a blockchain provided you are ok with relying on a trusted intermediary to execute the contract as it was termed. Given that contracts by their nature often involve agreement between organisations or individuals with diverging interests, it almost a certainty that having an immutable, censorship resistant network to run those smart contracts is desirable.

In that vain I would advocate for meshnets over ISPs.

I am very happy that lemmy is taking off now with reddit alienating their users.

Yeah I just did a search and looks like OStatus predates my comment. Plus it was more wishful thinking than an attempt to predict the future.

I personally would like to see soulbound nfts being used for decentralised identities. If you combine that with a proof of humanity attestation, you can cut down on bots and as a plus, zksnarks can be used to perserve an user’s anonymity. Basically validate a user is a real person without revealing who they are.