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- The Web3 Bet
On a recent space, Apollo said the following.
“If you want to bet if crypto will grow. Bet that that more people will use the internet.”
What we’re currently living through is described by some as the “digital revolution”.
The stages that this revolution will undergo (we stole this from Balaji Srinivasan)
Physical
A tree, a piece of paper, your carpet.
Digital (Transition Phase)
You take physical things and move them to digital.
Like scanning a piece of paper, or depositing USD in your bank’s vault and then sending it around with your phone.
Native Digital
Everything is digital. Your work, your friends, the parties you go to.
If you look around you…
People go on vacation just to post on IG.
80% of your waking hours you spend on your phone, laptop.
Even the workouts you do are digital - hint to Peleton or Mirror Workouts.
So if you look at it,
Our life is already digital.
You work with people from India, the US, Pakistan, engaging in a borderless economy.
So what is that economy fueled by? What do the participants trust in?
A physical form of money, like the USD, that is connected to corruption, inflation, and weak leadership?
Physical banks that block your account if you want to send money to your Tunesian editor?
Nop. These people will use Bitcoin. (or USDT if they want to escape initial volatility)
$1 transaction fee and 3 seconds to execute the payments.
So people no longer rely on physical.
Which is really bad news for governments that can’t make enough money with taxes. So they will impose higher taxes, more penalties if you move your money or residence outside the country, and more surveillance.
Or isn’t this the case already…?
So if you want to know if crypto will grow…
Bet on how many people use the Internet.
Good things are coming,
T&A
P.S: Thanks for the 1.000 orders.
Get your copy here…