I have been following you for years with much interest, I post very little. How to you plan to stablize the price of your coin? I realize that the market will ultimatly decide the value of a coin but for mass adoption I believe you will need some measure of stability, even if it means a slow and steady increase in the value of your work.
It seems most people will not 'mass adopt' unless there is some level of stability.
I visualize a mass adoption wherein the users are watching their balances grow continuously and thus they are not concerned about volatility because they are invested in the paradigm.
They are involved because they love the concept and what it provides for giving them more freedom to do various endeavors on the Internet. Do people use Facebook because the price might go up or down?
We can't successfully approach crypto-currency as a checking account. That will never happen. See my prior post about my bifurcation thesis.
Crypto-currency will serve a fledgling niche that can't be served by fiat. Why? Because fiat can't be spent globally in a millisecond to a microtransaction. There are billions of people who don't have a credit card or who wouldn't even hassle with entering their credit card number for some microtransactions. Onboarding is a key concept (millions or billions of them won't be buying the crypto-currency for these micropayments). The larger the ecosystem, the more demand for the crypto-currency, thus the price increases.
Thank you for all your inputs. These are the differing ideas that I wanted to hear(who is correct only the future will tell). Some very good points were brought up, my Idea of "mass adoption" equated to "mass use"...which was faulty. I now have a better understanding of what crypto might achieve,
peace,
D
I was suffering a very bad GI infection when I wrote my prior posts, so I wasn't able to think or articulate well.
I think mass adoption is about enabling more software developers and users to find new ways of earning money and increasing their collective knowledge/experience (trading) that can't be done with the existing paradigms of payment systems and centralized databases.
The paradigm/system must be an open ecosystem and decentralized, analogous to the Internet itself.
And combining that with an onboarding mechanism that symbiotically drives it.
The blockchain technology must have certain performance and decentralization attributes in order to make this plausible. For example, we need sub-second transactions (both monetary and other blockchain events) and unbounded scalability.
Steem(it) had some of my ideas incorporated and I also gained some insight/ideas from that experiment. But I think some of the details of Steem are lacking.
Essentially I don't see crypto-currency's killer feature to replace what we already do with fiat paradigms. I rather see it opening up new capabilities that we can't do with existing fiat based, centralized systems.
However, I am not intending to disparage any other project's differing strategy or perspective. Decentralized experimentation is good, per the Apache versus Spanish story I linked above.We all know that essentially the only way to monetize these days is advertising. But advertising is only worth about at best $1 per CPM, thus less than $0.001 per page view.
An economy is about trade. There are billions of creative people out there who would feel a lot better about themselves if they were trading instead of being Facebook zombies (see quote below).
The transition from the one-way media of TV to interactive media of the Internet was more engaging, decentralized, and thus more valuable to the viewers/users. But still the users are basically powerless in the economic system and configurations of the Internet, i.e. the economic system and configurations of the Internet is up to now still more of a one-way action analogous to the TV era. Let's disrupt that and create another revolution.
Essentially Google's business model has to die. And they know it. They are trying to diversify into products, but that is not the solution. The solution is disrupt Google.
More details about what I have in mind should hopefully be forthcoming. As much as possible I want the project to be adaptable to decentralized improvements, analogous to how HTTP sits on top of TCP/IP. I am designing a base protocol and the world has to innovate on top of it if I am correct. Also I need to adjust to feedback and learn as I proceed.
We need an initial kickstart feature to drive it.
Also what reasoning do you apply to put Hedonism in Cycle #6 and not #5?
Seems to me the hedonism will head for a peak as the Marxist crap heads for a peak in Cycle #5 because it is the Marxist crap that finances wide-scale hedonism.
Hedonism as a mechanism of mass control is not yet ready for prime time. Much like most of us are not yet ready to be knowledge workers. Both of these are coming but not quite yet. The links below highlight some of my thinking on the upcoming power of hedonism.
At war with World of Warcraft: an addict tells his story
https://www.theguardian.com/technology/2011/aug/29/world-of-warcraft-video-game-addictAt the height of his addiction Ryan van Cleave had little time for his real life. World of Warcraft, a video game, had crowded out everything: his wife and children, his job as a university English professor.
Living inside World of Warcraft (WoW) seemed preferable to the drudgery of everyday life... "Playing WoW makes me feel godlike," Van Cleave wrote. "I have ultimate control and can do what I want with few real repercussions. The real world makes me feel impotent
Kids turn violent as parents battle digital heroin addiction
http://nypost.com/2016/12/17/kids-turn-violent-as-parents-battle-digital-heroin-addiction/He would refuse to do anything unless I would let him play his game, she said. Barbara, who had discarded her TV 25 years ago, made the mistake of using the game as a bargaining tool.
When she tried to take his computer away, he attacked her with a dazed look on his face his eyes were not his. She called the police. Shocked, they asked if the 9-year-old was on drugs.
Virtual reality is coming to sex, sports and Facebook
http://www.usatoday.com/story/tech/2015/03/27/virtual-reality-oculus-rift-facebook-vr-will-be-everywhere/70547882/VR now is poised not only to challenge reality's stranglehold on the way we engage with life, but possibly even eclipse it for sheer thrills.
Gaming. Concerts. Family reunions. Sporting events. Even sex all of it will be experienced in a hyper-real fashion and with a commonness that technologists predict will rival our incessant smartphone use today.
'VR has been around for decades, but it will stick this time.' - Todd Richmond, USC
Then there is the whole robot 'girlfriend' thing
http://www.mirror.co.uk/news/weird-news/first-interactive-robot-girlfriend-china-7800073China has unveiled its first interactive robot - which can chat away to humans and even take orders from iCloud.
When the researcher says "hello" to the robot, she replies: "Yes, my lord, what can I do for you."
When asked to "please wave your hand" she does just that, much to the astonishment of those watching.
Her developers say she is programmed to match human facial expressions, body and mouth movements.
Hedonism will probably be the primary mechanism of social control but not quite yet its time is coming.
The surveillance state by contrast is more or less ready to take off now.
First comes Orwell [surveillance state] then Huxley [the blue pill].
Ah I see you are employing the definition of hedonism to a wider scope than I was contemplating. I of course already concurred with the blue pill future:
https://steemit.com/society/@anonymint/the-red-pill-blue-pill-election-nyc-slumlord-vs-globalistsI was thinking of the peaking of sexual liberalism which seems to me is financed by socialism so I was thinking that as socialism peaked, sexual liberalism (e.g. feminism,
rampant birth control, etc) would lose its financial support:

Are you sure that such control is that far into the future? Had you not heard on the recent Pokemon Go phenomenon?
http://www.dailymail.co.uk/news/article-3693814/Chaos-Central-Park-gamers-leap-cars-leave-engines-running-catch-rare-POKEMON.htmlInternet addiction is another drug escape, and potentially capable of creating much more controllable zombies:
http://www.techaddiction.ca/internet_addiction_statistics.htmlhttp://www.techaddiction.ca/video_game_addiction_statistics.html