The Metaverse and Why It Matters

The Metaverse

As of late the mainstream media has been a buzz talking about the metaverse. To the average person, this is probably the first time hearing of such a thing. But to the cryptocurrency investor and/or trader, this is nothing new. We have known about the development of this for years now. With projects like decentraland that were around since 2015/2017 and virtual land that has been traded ever since. Fast forward to today and we have Facebook, once again trying to stay relevant.

Not their first attempt

This is not the first time they have tried to weasel their way into what crypto has already done. Facebook spent a year or so trying to make a cryptocurrency. Libra was going to be a stable coin backed by an umbrella of currencies and assets. Luckily for the entire world this was stopped from happening. The idea of Facebook being the owner of a currency widely adopted would end in dystopia. Imagine Facebook tracking every single purchase you make online or in person at a point of sale. They would then feed that data to algorithms that would learn your habits and predict everything you will do. It would eventually know your actions before you even make them. Not only that, this data would also be up for sale to the highest bidder. This would be a nightmare. Facebook still seems to be persistent on becoming a dystopian giant, it feeds on data, human data and they have tricks up their sleeve.

The indirect approach

If facebook cant get access to our spending habits and corner its users in the real world. How about a digital world? Enter, Meta. Facebook along with Messenger, Instagram, Whatsapp and Occulus would undoubtedly lead to the same dystopia. Why? Because As a currency in the real world would lead to them knowing everyones business and mining every users data, so would a VR world. Even more so. More so because in a virtual world, they have the added benefit on mining data from your mind with more ease. In the real world there are limits to what you can do and thus what you can buy. But in a virtual world, they can offer products and services that are not possible in the real world. This could be done in such a way where algorithms can be programmed to dig deeper into the mind and sub conscious mind of all of its users. In turn gaining a more in depth understanding on what makes every one of its individual users tick but also allowing it to learn how groups of people tick. IMHO this is not something we should want a centralized entity to know in such defined detail.

There would be many dire ramifications of this.

The world needs to adopt DECENTRALIZATION

These technologies are coming wether we like it or not. Unless we destroy every computer on Earth, Or, groups of people move off into the woods and make their own Amish like communities, there is no avoiding it. As such, it is important that we remember the importance of the development of the decentralized metaverse and promote the adoption of it. An environment where the users own their own data with their own private key, and the data they own can be shared, or not shared on their own terms.

Projects like Boson Protocol (which I will be writing about soon) are building such a universe. Again we have to consider the ramifications of the tech we build and adopt and be mindful of how they can be used, for the benefit of humanity. But also, how it could be used against humanity. Today more than ever it is important we move toward decentralization.

Categorised in: Adoption, Education, Game Theory, Politics

This post was written by BlockAdvisor