There are many forecasts as to what the impact of cryptocurrency, [blockchain](https://leofinance.io/posts/@leoglossary/blockchain), and Web 3.0 will be.  Naturally, since we are dealing with a projection, nothing will be done with certainty.

Going back to the formation of the [Internet](https://leofinance.io/posts/@leoglossary/leoglossary-internet), few predicted that one of the major use cases would be short, 244 character outbursts.  Yet that is exactly what happened.

[Technology](https://leofinance.io/posts/@leoglossary/leoglossary-technology) is unpredictable.  Economic and financial matters, however, are a bit more consistent.  Therefore, we can look at things through this lens and understand with a greater degree of certainty what is going to take place.

In short, [cryptocurrency](https://leofinance.io/posts/@leoglossary/cryptocurrency) is the solution of economic inequality.  This is something that most around the world seek to address, so far without much success.  

Here is where the narrative changes.



## Asset Ownership

Even in a wealthy country like the United States, there is a huge difference between rich and poor.  The problem only gets worse as [governments](https://leofinance.io/posts/@leoglossary/leoglossary-government) step in trying to solve it.  Ironically, this only makes matters worse.

At the core of the issue is [asset](https://leofinance.io/posts/@leoglossary/leoglossary-asset) ownership, or a lack thereof.  This is well known.  Unfortunately, there is no way to change this based upon what was presented so far.  Redistribution methods have not worked, in great part due to the inefficiencies that exist.

Therefore, we have to look at the two basics of our [economy](https://leofinance.io/posts/@leoglossary/leoglossary-economy).  The activities are base around [markets](https://leofinance.io/posts/@leoglossary/leoglossary-market) and [corporations](https://leofinance.io/posts/@leoglossary/leoglossary-corporation).  Here is where most end up being removed from the equation.

 https://images.hive.blog/DQmY7kaUBMAPrgEyz1XrVoebxPBHvbte8p6xY5mohorPzup/image.png 

According to [Gallup](https://wallethacks.com/wp-content/uploads/2022/11/gallup-stock-ownership-may-2022.png), less than 60% of Americans own any stock.  Hence, we see how the 40% are instantly removed from the equation.  That means one of the two methods of value distribution is not available to them.

Then we have markets.  This is a wide spectrum but it basically comes down to selling things at a [profit](https://leofinance.io/posts/@leoglossary/leoglossary-profit).  Unfortunately, for the majority, the only thing being sold is their time, something that is fixed.  There are only 24 hours in a day, something that does non-variable.

Ultimately, this means asset accumulation is out the window.  We can couple this with the fact that acquiring enough assets to make a difference is beyond most.  Earning 11% on your [stocks](https://leofinance.io/posts/@leoglossary/leoglossary-stocks) is great but if you only have $1,000, it is going to take a very long time to amount to anything.

Here is where [digital assets](https://leofinance.io/posts/@leoglossary/leoglossary-digital-assets) can alter things.

## Distribution of Economic Values

Blockchain technology coupled with cryptocurrency allows for a change in the distribution of economic value.  Here is where the [proof-of-stake (PoS)](https://leofinance.io/posts/@leoglossary/leoglossary-proof-of-stake-pos) chains have the potential to alter the equation.

By [staking](https://leofinance.io/posts/@leoglossary/leoglossary-staking), individuals can share in the growth in value of the [network](https://leofinance.io/posts/@leoglossary/leoglossary-network).  This allows users to also become owners.  We simply do not see this with things such as [Twitter](https://leofinance.io/posts/@leoglossary/leoglossary-twitter) or [Facebook](https://leofinance.io/posts/@leoglossary/leoglossary-facebook).  Users are the ones engaging on the platform while owners are the ones with the stock.  There can be cross-pollination but, for the most part, these are separate entities.

We also see the problem where, eventually, users will be pitted against the owners.  Those running the platform will be forced into making changes that enhance [monetization](https://leofinance.io/posts/@leoglossary/leoglossary-monetization).  That is what the owners, i.e. stockholders, are interested in.  We see this usually result in a degradation of the user experience.

It is a situation that is eliminated with [Web 3.0](https://leofinance.io/posts/@leoglossary/leoglossary-web-3-0).  When we look at some of the projects being created on Hive, we see how this can change.  There is a mechanism through [proof-of-brain (PoB)](https://leofinance.io/posts/@leoglossary/leoglossary-proof-of-brain-pob-mechanism) that allows people to earn their stake. This is rather novel when looking at the rest of the systems.

What remains is growth.  At this point, cryptocurrency is child's play.  In fact, most of what we see is childish.  The focus upon mooning and Lambos caused no end of issues.  It also awoke the regulators.  The reason can be isolated to the ignoring of value, overall, and simply looking for quick [returns](https://leofinance.io/posts/@leoglossary/leoglossary-return-on-investment-roi).

Here is where we need to see a shift. 

## 100x Projects

We need to see project go up in value by a factor of 100.  This is a basic necessity at this time.

There are a couple of reasons for this.

To start, that financially benefits the users of that platform or [ecosystem](https://leofinance.io/posts/@leoglossary/leoglossary-ecosystem-digital).  By having a massive increase in economic value AND having it distributed to the users, we see the impact it has on their lives.

At the same time, whatever number of people involved, we suddenly have a huge shift in the inequality equation.  Where many of these people were lagging, they would have a large economic jump.

It is inevitable this new paradigm takes over.  We are going to see the new economic model bridging the old.  Over time, the former will expand.

## Historic Event

This is history in the making.  The last time we saw a massive change in value distribution was the invention of the corporation.  Over 400 years ago, the East India Company became the first "public" company.  It was the first time the masses could, in theory, have a piece of the economic pie.

Of course, the access was very limited at that time.  Over the next few centuries this changed.  We do have, however, a system that is still rather exclusionary.  Cryptocurrency can change this.

This is the major value of Web 3.0.  It is starting to reorganize the economy in ways we never saw before.  Now, those who generate value for the organization can also share in it.  This is a massive transformation.

Owning assets is imperative.  Few are able to enjoy the fruits of their labor, either paid or unpaid.  Web 3.0 can potentially alter that.

Here is what we see will stimulate mass adoption.  It is the selling point to the general public.

___
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