What is an Event Horizon?
An Event Horizon is a theoretical boundary around a black hole beyond which no light or other radiation can escape, also referred to as the point of no return. As the entirety of the crypto blockchain industry begins to pick up its pace of development, I’m sure there are those right now who are becoming aware of the significant changes in the crypto community’s philosophical outlooks that have taken place in the blockchain industry in the last 8 years. To speak plainly, the crypto industry is no longer the same anarcho-capitalist cypherpunk-dominated community that it was yesteryear. And as the crypto community begins to grow in embrace, new people form groups from every corner of the globe, bringing with them every form of philosophy under the sun. I imagine there are those within the crypto community that are increasingly becoming nervous about what the crypto community will evolve into in future.
A standard that has remained true since the dawn of time is that change is inevitable, nothing on earth stays the same forever. Generally, in history, there has always been two types of dominant mindsets whenever radical change came into the world. The first type was generally known as the classical liberal mindset, and for those of you that don’t know, classical liberalism is a political philosophy or ideology belonging to liberalism in which primary emphasis is placed on securing the freedom of the individual by limiting the power of the government. This should not be mistaken for today’s modern American liberalism, which more closely resembles socialism, in my opinion. The second kind of general dominant mindset has been known by many names throughout history, but, in a desire to be as clear as possible, we will refer to it as traditional conservatism. Traditionalist conservatism places strong emphasis on the notions of custom, convention, and tradition. Theoretical reason is derided over and is considered against practical reason.
In my opinion, neither of these mindsets are bad in and of themselves, it’s only when they get taken to the extreme that they can become a problem. There has usually been, to some degree, variants of these sort of mindsets in human history, and sometimes, these mindsets can be responsible for the formation of extreme philosophies and movements like in the case of The National Socialist Party of Nazi Germany, or the luddites rebellion of (1811–) England. Luddites were members of bands of English workers who destroyed machinery, especially in cotton and woolen mills, that they believed was threatening their jobs. This took place in the years between 1811 and 1816.
People that had this mindset where usually opposed to any change from the status quo, and history is full of a myriad of examples of such people who fought against the changing tides of time, mostly unsuccessfully, but there were some occasions where large communities held back significant progress for extended lengths of time. I have stated before that people often fear what they do not understand, and this fact of life is no different within the cryptocurrency industry. Even though any crypto-currency is generally light years ahead of its traditional paper money counterpart, we are still human beings, fully capable of repeating many of the exact same destructive habits of our predecessors, this is, why far too often, history seems to repeat itself. Despite the massive amounts of historical literature we have to learn from. In a very real sense, many in the crypto industry have become a new kind of Luddite, a crypto Luddite of sorts, and just like their traditional historic counterparts from the traditional paper money economies, they fight hard against anything that they see as changing the status quo. Many and the current cryptocurrency industry, see the rapid development of 3rd generation competing blockchains as a threat to their livelihoods.
I don’t ask you to take my word for it, look at today’s current Legacy crypto communities, observe how toxic the atmosphere is amongst competing projects, the vitriolic accusations often reach increasingly greater pitches and fevered, delusionary highs; even when dealing with the most fundamental basic elements, such as scaling debates. When even a little logic or reason would be able to point this out is a small and insignificant issue in the greater scheme of things. After all, should I call someone my enemy because they only disagrees with me 5% of the time, while 95% of the time we are of like mind? It seems many in the legacy crypto industries have lost their ability to logically reason and look past the day-to-day, often insignificant, hot topic issues. I’ve often asked myself why, as human beings, we so prone to tribalism, and in case you don’t know, tribalism is the behavior and attitudes that stem from strong loyalty to one’s own tribe or social group.
The cryptocurrency industry is literally filled to overflowing with this sort of thinking, and it is often responsible for uncooperative attitudes and relationships that permeate throughout most blockchain communities today. In my opinion, this is largely responsible for the significant lack of progress in certain areas. Furthermore, I believe that if the cryptocurrency industry is ever to move forward and realize it’s true potential, it will eventually have to overcome these negative human attributes, and truly look towards the future of what lies ahead. If history teaches anything, it teaches that progress does not stop for any man or woman, nor should it stop, we must move forward, not backwards. Though, I get the sense that there are many currently in the cryptocurrency industry that would prefer to continue holding us back from achieving our true potential, as I stated earlier there are many currently in the cryptocurrency industry that are fully satisfied with the status quo, and do not wish for the chaotic change that comes from innovating new solutions in ideas, especially when their personal cryptocurrency of choice is not responsible for the innovation. In fact, I even believe that there are those currently in the industry, that would much rather see progress entirely halted, for the sake of keeping their favorite project relevant. And to achieve that end, they would even purposely fabricate disinformation, or actively hack decentralized applications running on competing blockchains, for the sole purpose of undermining competing projects; for the sake of suppressing progress. We, in the modern-day cryptocurrency industry, have to grow past this toxic mentality, if we are ever to claim our true position in the world economy.
The EOS blockchain, more than most, represents a significant change within the cryptocurrency industry. Instead of the old proof-of-work system, or the slightly more evolved proof of stake system, EOS uses delegated proof of stake combined with a governance model, making the EOS blockchain a decentralized autonomous organization, with its only true limitations being the pace of development. And I’m sure many in the Eos Community, by now, have notice the rapid pace of development within the EOS IO ecosphere, it is a far cry from the slow-paced legacy crypto communities that many involved in the EOS blockchain originally came from. Furthermore, I believe that the EOS blockchain’s greatest strength is its community, because unlike other communities that continue to look back on past achievements, the EOS Community is constantly looking forward to new improvements, new developments, and blockchain upgrades, that in the traditional legacy blockchain communities, would take months or years to integrate into the traditional blockchain architecture. The EOS blockchain is not even a full year old yet and it has already achieved many new records in transactions per second, and the increasing numbers of decentralized application usage.
Quite frankly, EOS is the cryptocurrency industry’s point of no return, AKA the crypto Event Horizon. There are many within a crypto industry that would prefer to go backwards, rather than forward. They fear what EOS represents, and that is the future of blockchain. EOS is creating new industry standards, and these new standards will be what’s expected of a future blockchain, and many Legacy blockchains will be forced to either adopt these new standards, or become extinct like the dinosaurs of old. But In order for many Legacy Blockchain communities to adopt these new standards, they will have to relinquish the outdated standards of old in favor of modern standards. Change is often difficult for human beings that are set in their ways, but it is necessary if the cryptocurrency industry is to ever grow past its infancy. The EOS blockchain is leading the way, it is the crypto pathfinder that is currently trailblazing a new path towards the future, that will ultimately lead towards Mass adoption. And in my opinion, the cryptocurrencies that will likely survive are those that adopt these new crypto standards that the EOS blockchain is in the process of forging. Again, I say the time for looking backwards is gone, we have passed the point of no return, and the only way is forward. Many individuals in the Legacy blockchain Community need to stop fighting against the inevitable, at this point in time, it is as if they are trying to hold shut the floodgates of the Hoover Dam with their bare hands.
I believe it’s long past time that many in the crypto industry started realizing, that we have more in common with each other than we think, and there’s only a small percentage of differences separating us. We are a crypto community of peers, and we are far stronger together than we can ever be, separated into our own diverse tribes. All of this toxic crypto in-fighting needs to stop, I say this knowing rationally, that the chances of this happening anytime soon is unlikely. But it still needs to be said, and it is necessary to state the obvious. I, nevertheless, remain hopeful that that day will come sooner, rather than later. Call me an optimistic fool if you like, but I hope for a day that we can join forces what our crypto brethren from all over the crypto industry, and present a united front against the world bankers, and give the majority of the world, for the first time in history, a legitimate alternative to traditional paper money systems which was the original cryptocurrency dream that has somehow been forgotten. Now, many and the crypto industry have replaced that noble dream with a new one, which is the dream of bigger profits at any cost. We must do better than this if we wish to succeed in our goals, and not repeat the same mistakes as our Legacy paper money counterparts. Again, I say, there is much more that unites us within the cryptocurrency community than the small percentages that separate us. And I believe that the EOS blockchain can be the bridge that links many of these Legacy blockchains together, as I have stated in one of my previous videos, I believe it is only a matter of time before we begin to see well-known pegged, Legacy blockchain tokens running on top of the EOS blockchain. We are already beginning to see the start of such practices with the recent announcement of Bancor X being built on top of the EOS blockchain. And for those of you that don’t know what Bancor X is, being initially built on the Ethereum blockchain, Bancor is now evolving into a cross-chain liquidity protocol starting with added support for EOS. Bancor will allow users perform instant EOS-based token conversions against its automated smart contracts, also known as Relays. Relays give users an easy way to convert tokens without having to deposit funds on an exchange, and without the need for order-matching between buyers and sellers.
I believe that is just the beginning of many similar applications that will be operating on top of the EOS platform in future. In a very real sense, blockchain is about to crossover from its crypto Dark Ages into its crypto Renaissance.
Finally, the full potential of the cryptocurrency industry can be fully realized with the introduction of the EOS blockchain, no longer do we need to speak in Future tenses, these things will be possible. The future is now with the EOS blockchain, finally the cryptocurrency community can build competitive decentralized exchanges that can legitimately compete with their centralized counterparts with no drawback for the average user, also consider that token/gaming systems will also be enabled to grow into their full potential of usability. And we will no longer have to work with the limiting restraint that existed in Legacy cryptocurrencies of the past. Decentralized autonomous organizations will now be able to realize their full potential with fully scalable and expedient blockchain. Decentralized websites and web applications will now be fully scalable without traditional crypto limitations. Furthermore, I would imagine that it is only a matter of time before we begin to see large investment firms begin to take advantage of passive income opportunities made available by the future existence of EOS Resource Exchange, AKA, REX.
And the list goes on and on, this is now what is made possible today with the EOS IO operating system. As I have stated before, the future of blockchain technology is now, and the EOS blockchain is the Event Horizon, we, as an industry, must not look backwards but forward to the Future that is made possible now with fully scalable blockchain.
EOS holders, the future is now.