1/

It doesn't matter what's happening in the markets short term, they will be blips very soon.

What keeps me awake at night is the amount of innovation in every area of our lives and how we are literally living at the start of a revolution.
2/

The financial revolution is the most obvious to talk about as we haven't seen a major innovation in the financial world since the birth of the hedge fund in the 1960s.

You might say the computer and the internet changed finance but they are only tools.
3/

The financial world is going to be turned on its head very quickly over the space of a 5-10 years. By 2030 there will be no high street banks, there will be no lending by banks, there will be no mortgages given out by banks it will all be done using DeFi, or a form of DeFi
4/

Whether or not the major financial institutions get on board is another matter. They can either welcome innovative change or they can die, the ones that welcome the change will survive.

$ETH $LUNA $DOT $SOL $AVAX and others are taking over

But it's no just banks...
5/

It's going to be venture capital world, the mutual funds, the hedge funds and private fund world is going to change massively as a result of the 'Blockchain Revolution'

The Global Assets Under Management is expected to rise to around $145 Trillion by the end of 2025
6/

According to @DefiLlama the TVL across crypto is now around $255 Billion which is only 0.17% of the GAuM. So there's still a huge gap and shows just how much DeFi will be growing over the next few years.

I can easily see a Global TVL of $10 Trillion over the next few years
7/

That is a massive 3,821% increase from where we are today.

Looking at it from that point of view it's easy to see why the crypto world is NOT going away and is now too big to be fully regulated.

But how do we regulate?...
8/

We don't...

We self regulate with the growing use of the #DAO (Decentralised Autonomous Organisations)

No longer will we need the boys club of the FCA, SEC, ASIC, CSA or all the other 'regulatory' government bodies, who have consistently and blatantly abused their power
9/

It's clear that we still have a long way to go by using DAOs but it is also becoming clear that this seems to be the way to go in order to have complete control of our own financial affairs.
10/

Of course we still need a degree of regulation, but it won't look like the controlling and choking regulation of the current system, it will be completely different and it will itself be a DAO or some form of a DAO
11/

The financial world is only one area of many that is going to be majorly disrupted with the 'Blockchain Revolution'

Insurance, Social Ids, Gaming, Media, Travel, Healthcare, Agriculture, Data collection, The Internet, Leasing, Real estate .....
12/

But with change comes resistance, but the resistance can only last for so long.

The main resistance is going to come from the bodies who stand to lose most by loss of control - the government and all the bodies who they control.

So there will be a battle of wills

BUT...
13/

Using a psychological change model by Prochaska and DiClemente, which is for personal change

We can use it on a macro scale and look at where we are with blockchain using the model of change.

The 5 stages (or later 6) are...
14/

Stage One: Pre-contemplation
Stage Two - Contemplation
Stage Three - Preparation/Determination
Stage Four - Action/Willpower
Stage Five - Maintenance
Stage Six - Termination
15/

We are undoubtedly at Stage Two of this model:

In the contemplation stage there is an awareness of the consequences of change and time is spent thinking about the problem. Although they are able to consider the possibility of changing, they tend to be ambivalent about it.
16/

We have a long way to go before the Blockchain Revolution is fully entrenched in our culture, but it shows us where we are going.

If we know where we are going then there is no need to worry about where we are just now.

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More from @StevenAitchison

Jul 7, 2021
1.

Very Long Thread of 25 but potentially life changing

WHY YOU WILL NEVER HAVE TO PAY TAX ON YOUR CRYPTO EVER AGAIN

I have been researching about how the rich get richer and the poor get poorer.
2.

@theRealKiyosaki comes to mind when looking at this area with his Rich Dad, Poor Dad principles. I kinda dismissed them as being relevant to crypto BUT I’ve been reading his books and watching more of his videos again and all the principles apply to crypto as well.
3.

Interviews with @RaoulGMI and @michael_saylor cemented my ideas.

I spoke last week about my revelation about making money in crypto but I hadn’t put it into practice yet.

This week I tested the waters to get a feel for it in action and I want to share it.
Read 26 tweets

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