- Joined
- Jan 12, 2022
- Messages
- 28
Rep Bank
$245
$245
User Power: 43%
So the whole blockchain revolution has been regarded by many as a way to bring back control to society away from big tech companies (who are often platform business models part of the sharing economy) e.g. Uber, Amazon, Airbnb, Etsy.
Many complain that these big tech companies are the middleman in transactions as they take a large portion of the profits e.g. Uber takes about 27.5% from each driver. This is obviously just the nature of all business, to generate profit through the workforce.
Now the blockchain revolution is claiming that this problem will no longer exist - because big tech companies will be replaced by blockchain transactions.
However the blockchain that is developed to carry out the transaction must have some incentive correct? No one just goes out to develop a blockchain software/platform for the fun of it.
So when people claim that blockchain will remove the platform/centralised nature of big tech companies - I think this would just lead to another form of centralisation. I mean sure Uber is not as centralised as a taxi company where the owners take 40-50% of profits but it makes up for this in scale. Now imagine a blockchain for taxi rides. Ultimately won't the blockchain technology control the entire transaction, giving it ultimate power?
Many complain that these big tech companies are the middleman in transactions as they take a large portion of the profits e.g. Uber takes about 27.5% from each driver. This is obviously just the nature of all business, to generate profit through the workforce.
Now the blockchain revolution is claiming that this problem will no longer exist - because big tech companies will be replaced by blockchain transactions.
However the blockchain that is developed to carry out the transaction must have some incentive correct? No one just goes out to develop a blockchain software/platform for the fun of it.
So when people claim that blockchain will remove the platform/centralised nature of big tech companies - I think this would just lead to another form of centralisation. I mean sure Uber is not as centralised as a taxi company where the owners take 40-50% of profits but it makes up for this in scale. Now imagine a blockchain for taxi rides. Ultimately won't the blockchain technology control the entire transaction, giving it ultimate power?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today