WEB3 – Grasping Hindsight From The Present

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30 Sept 2024

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In an age of instant gratification, social media affirms and rewards those who participate with a “gentle” stroking of the ego. Being seen and noticed by certain individuals gives participants a dopamine boost. Many become addicted to the attention and find themselves caught up in an egotistical online existence. This is one of the largest reasons legacy social media users ignore WEB3.
Those actively engaged in WEB3 socials will attest to it being a small and select group of individuals. In many cases, it’s the same group of individuals engaging across applications and platforms. It’s a time of building and establishing a presence in a new and largely unknown world. There isn’t much glitz and glamour. Devs are busy polishing their creations and users are busy carving out their niches.
In other words, it’s more work than anything else. There needs to be more recognition and the compensation is still relatively low, especially as altcoin prices are still in the doldrums. Remember, as a WEB3 participant, regarding SoFi, you are being compensated/rewarded in Crypto tokens. The idea is to build up these holdings over the long term. In many instances holding these tokens has additional earning opportunities.
A Lesson From History
Historically, every time a new city was established, a group of individuals left an existing and established city to begin building new structures. During the formative stages of any development, there was limited access to supplies, services, and infrastructure. For example, compare the Manhattan of the 1800s with the Manhattan of today. However, those acquiring Manhattan real estate during its formative years did well.
The property was still inexpensive and easily acquirable, unlike today. You would be well off if you owned multiple properties in Manhattan today. Similarly, early adopters of WEB3 and SoFi are building for tomorrow. Those with the correct perspective are not distracted by current valuations and rewarded incentives. They have sat on the mountain of hindsight and looked down on the future.
They are acting in line with the future, not the present. Any investor worth his salt can predict future trends and narratives. He does not look at what is currently trendy. In other words, he is ahead of his time and begins building positions accordingly. Early Bitcoin miners were laughed at in their time.

It’s only worth a few cents, stop wasting your time!

Hindsight’s perspective from the present gifts one with insights that will be, for the most part, ignored by the majority. True WEB3 participants understand the process and are working and building with this perspective in mind. The decentralized nature of many SoFi projects makes them attractive and offers limitless opportunities across platforms. Identifying the winners is key.

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Final Thoughts
During the formative stages of any new technology, it’s challenging to identify and isolate the winners of tomorrow. Look at the dot-com era for example. This is why, initially, one has to spread themselves rather thin across multiple platforms. Some appear to be above the rest. However, time will tell. I am getting ready for a SoFi super cycle. It’s likely to take many by surprise. See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.