“The more powerful application of blockchain technology will be how we predict things. Bigger than how we change money.” - Tai Lopez

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Blockchain technology will help us do more than make money.

By decentralizing the decision-making power, transparent procedures can be implemented across every industry. Cryptocurrency is just the function that incentivizes people to partake in the blockchain. But it should not be mistaken as the focus.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the predictive power of blockchain technologies. It’s about more than making money with blockchain. Rather, we should focus on the types of benefits the technology will create for all sectors of humanity.

Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“Blockchain will enable justice for injustice. The right people get put in prison and the right people get set free. School systems where you learn things that are going to help you in life.” - Tai Lopez

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Points to Keep In Mind

• The ‘make money movement’ is a small part of what blockchain technology will provide
• Elon Musk’s first idea for Paypal was a cryptocurrency
• Augur allows you to make a predictive bet using a special token
• Blockchain technology makes it near impossible for people to hack things in secret
• • Decentralizing systems spreads out the mechanics, making it harder to manipulate
• Blockchain is not just spreading out location; rather, worldviews, ethnicities, gender, sexual orientation, etc.
• 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence
• Charlie Munger says, “Beware of perverse incentives”
• Try Googling something like “How To Make A Million Dollars” to learn how corrupted Google’s SEO algorithm has become through paid ads
• Centralizing systems creates efficiencies of scale but corrupts, because those without your best interest are put in the center/positions of power
• The U.S. has the highest GDP, more than the next 5 ranking countries combined
• Blockchain technology could invert the occupation formula where consensus is reached by the people on who would make a great (insert occupation)
• Richard Dawkins says that organisms that can predict the future with minimal trial & error succeed
• • This is why humans have evolved to have such big skulls
• Depression/sadness has a functional adaptation element, to tell your body to stop doing the thing that is making you miserable
• Conscientiousness is the ultimate predictor of outcomes
• Donate to the The Innocence Project to help undo wrongful convictions
• Blockchain could rupture the fabric of the criminal-justice system to cause a more just system
• Political voting would be tallied in real-time and discrepancies would be easily solved because of transparency
• Blockchain could power an intrapersonal lending system, so your peers lend you their excess money instead of banks charging $35 for $1 credit
• Being first to something means nothing, it’s purely luck
• Humans are susceptible to availability bias; you believe what’s in front of you
• Cryptocurrency is just the necessary function of the bigger blockchain organism
• • People need a monetary stake to be incentivized to voice their vote/opinion