Here's the first $50k in ETH for COVID relief in India.
An important feature of crypto is that it enables fast, transparent humanitarian donations from around the world. You can see the donation on-chain here: etherscan.io/tx/0x750074ebb…
Capital is a commodity. Choose investors on the basis of their distribution.
That can be consumer distribution in the form of social media & brand halo, or enterprise distribution in the form of business relationships & actual distribution deals (if the investor is a strategic), or both.
But that’s now what distinguishes investors: their distribution.
Put another way, no one will believe your self-reported membership in group X, because (a) anyone will be able to deepfake their way into realistically appearing as a member of group X and (b) a real member of group X might not want to reveal themselves.
No scarcity of identity.
There are a few possible outcomes.
1) Full pseudonymity. Everyone works remote as whatever avatar they want to be & you aren’t supposed to ask who they “really” are.
2) Proof-of-X becomes standard for online status. Could be crypto, could be vaccines or even genes like 23andMe.
The thing people don't get is: due to rapid growth, a surprising number of people suddenly have >50% of their net worth in crypto.
Many personal flippenings have thus already happened.
And crypto exchanges have all the deposits, so will replace legacy banks.
Unlike today’s banks, but like older banks, you can withdraw all your digital cash from a crypto exchange — and this is good practice.
However, keeping a “checking account” there to do international wires in USDC to other exchanges, or other financial services is reasonable.
It’s a technical problem, but there are various ways to combine fully user-controlled wallets with centralized liquidity & order books. Many are working on this.
This would address the (valid) not-your-keys, not-your-coins argument. And shift exchanges to a hub-and-spoke model.
I spoke about this in 2013 and the tech keeps improving. Combine Double Robotics for telepresence, Boston Dynamics for humanoid robots, and Oculus Quest 2 for VR input/output.
The individual technologies for robotic telepresence exist.
Regarding latency, which is an issue for long distances, a few things:
1) Unless you’re making sudden unpredictable movements — not common in business travel — the onboard autonomy should be able to handle it.
2) Ideas from video-game-style lag compensation may also be helpful.