The Great Reset. Cryptoeconomics.

The year 2020 will be considered as the beginning of the great reset.

The World Economic Forum, on its website https://www.weforum.org/great-reset argues that:

“There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.”

A paradigm shift was imposed with a catalyst, the World Health Organization’s declared Covid-19 pandemic.

Thus internet information technology was presented as the solution for confinement. Virtuality was transformed into the new reality, the “new normal”.

Internet traffic has increased in the pandemic by 60%, according to a report by the Organisation for Economic Co-operation and Development (OECD).

This large amount of data on the networks feeds the companies that use the information provided there.

Thus, forcing people to use computers at an accelerated rate promises a lot of “neglected” information, since the average person does not understand the risks of violated privacy.

Both the direct data that people’s connection provides, and identity, are also much more important, as are metadata for big data analysis. These are data that describe other data. Age, sex, geographical location of the connection and which sites it links to, at what time and on what days, and so on.

Have you ever wondered why most companies that manage social networks or messaging do not charge for their service? The product is not the one you use, but you are the product through the platform they “lend” you for free.

In the computer age, data is business.

Of course, of course, governments also get their share. For “politically correct” purposes or in some cases not, such cooperation is welcome. Large companies put technology and capital at the service of business development, and in return governments enjoy their benefits.

The 360/360 control (degrees of vision/days per year) is installed, with monitoring circuits, but now in your home.

It is inevitable, technological evolution is a constant in humanity. Every invention has its time to prosper.

In that context cryptoeconomics found fertile ground for its development. Necessity accelerates adoption.

After the 2008 world economic crisis that originated in the USA, the birth of Bitcoin in 2009 was sustained and marked the beginning of a new economic model. It matters little whether the anonymous Satoshi Nakamoto, its inventor, was a government institution or a group of cypherpunks or a computer genius.

But beware, it has its flip side. It can easily be used as an element of surveillance and control. Knowing where, when and with whom you spend your critptomonedas is crucial to this.

Here, once again, is where learning about individual privacy becomes important.

This is where individual responsibility for an economic model of freedom demands attention.

This is where cryptoeconomics will develop.

I appreciate your contribution to encourage my articles

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Researcher — ϚʁyptøWriter — Content Creator | Twitter @liberlion17 website: liberlion.com

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