The New World DeFi and DePub!
Only 10 years ago, if I went abroad, I needed to take a bulky satellite phone with me if I wanted to call the states. But that was cutting edge tech at the time. 10 years before that, I had to wait in line for a public telephone and use a phone card or a credit card to make a very expensive phone call back to the states.
Today I bring my smartphone. I can video call the States and talk as long as I want. For Free.
But that’s not all.
When I travel, I bring over 1,000 books (I have access to thousands more), thousands of songs, limitless television, limitless news, and YouTube videos.
I bring along my camera and my multi-media studio for making videos.
I bring my bank, my investments, and I can move them around at the airport or while sitting in a cafe drinking prosecco.
All the above can be accomplished by a device that’s not much larger than a pack of cigarettes (remember those?)
I can write an article on a laptop that’s as thin and doesn’t weigh much more than the 5-subject notebook I carried to school in 1979, and file the story right from the same cafe.
I can speak with my editors via email and request payment once per month which they deposit in my PayPal account. Some of that money I immediately transfer into Bitcoin. I do this before my first glass of prosecco is done.
I can look across the square at an attractive woman who is reading a novel on her Kindle app. It could very well be one of mine.
Last year I wrote about an financial experiment I conducted. I’d just received a paltry $3,500 for an advance for one book (that’s where the legacy publishing model is at). I invested the entire thing in #BTC (Bitcoin). Today that advance is worth $21,000.
This is the new, wonderful, decentralized world we live in. It’s a world where we no longer rely on gatekeepers for our individual destiny. It is a world of DeFi and DePub (Decentralized Finance and Decentralized Publishing) !
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