Steve Schroeder is the founder and CEO of Twitter Fundraising, Smart Community Technologies, DeCoy (Decentralized Customer Loyalty) and FAAST (Fundraising as a Service Technologies). All companies are focused on expanding the bitcoin ecosystem around the world. Steve has been in the customer loyalty space for over 20 years. Long before Bitcoin, Steve was devising a custom currency in the form of USD rather than points, miles or stars but after learning about Bitcoin the asset in 2019 and then spending considerable study on the subject over the past 3 years, Steve’s passion is helping others and using his past experience to create a fun, easy, and lucrative way for people to secure their own digital asset and learn how to hold property rights for their families which can’t be confiscated or inflated away.
2024 Money Revolution Unveiled
In this article, we cut to the chase, giving you a glimpse of 2024’s financial revolution. Brace yourself for rapid changes, as we set the stage to assess and prepare for what lies ahead.
Section 1: NOSTR – Decentralized Social Media Unleashed
In the year 2024, five technologies are set to reshape our world, starting with NOSTR, an acronym for ‘Notes and Other Stuff Transmitted by Relay.’ While the name may sound unconventional, it marks the birth of decentralized social media, free from the grasp of any single entity’s censorship.
Is this concept dangerous? Some might argue so but consider the alternative – allowing one individual or organization to dictate what can and cannot be expressed to the public. Haven’t we learned that not all so-called ‘conspiracy theories’ are baseless fantasies? What does “truth” really mean in this context?
NOSTR operates on a network of decentralized servers known as relays. If one server attempts to stifle your voice, the information seamlessly shifts to another, ensuring no one can cut off communication. This open-source project enables the transfer of both information and money across decentralized communication servers, making the world rethink the boundaries of speech and connectivity.
It may be flying under the radar for now, but as these technologies emerge, they are destined to reshape our world. NOSTR is already among us, and 2024 could be the year when millions discover its potential. And like all open-source projects, NOSTR is poised to evolve and improve, setting the stage for the next transformative technology we’ll explore.
Section 2: Open-Source Protocols – Patents Are for the Weak
Open-source protocols: What exactly are they? Elon Musk, when asked about patents for his rockets, famously replied, ‘patents are for the weak.’ This bold statement encapsulates the essence of our new T-shirt slogan: ‘Open-Source Protocols, Patents Are for the Weak.’
Open source empowers entire communities and, indeed, the entire world to collaborate in improving and customizing technology. It’s a paradigm shift that enables developers to build upon existing foundations rather than starting from scratch. Anyone can access the protocol, contribute to it, and benefit from the collective innovation—all in an open-source environment.
Today, much of what we experience is “closed source,” where access and modifications are restricted. Tomorrow (not literally tomorrow), open source is poised to take over. This shift carries profound implications. Visionaries like Mark Cuban have decried the stifling impact of patents on progress, particularly when they protect subpar work.
Open-source promises to upend this status quo, putting an end to scams and patent wars. If an invention falls short, it can be swiftly replaced. Innovation, collaboration, cost reduction, and numerous other benefits flourish within open-source communities.
Facebook, major corporations, banks like BofA and Wells Fargo, even governmental institutions like The Fed and Charles Schwab—all built on closed-source technologies. Where has this approach led us? 2024 could be the year when people begin to see the inherent limitations of closed-source systems, pushing them toward obsolescence.
The world will increasingly demand open source, fortified by cryptography for pseudonymous privacy, and heralding a new era of innovation and safety, where we can all coexist more harmoniously.
Section 3: Artificial Intelligence – The Double-Edged Sword
In 2024, we confront the era of Artificial Intelligence (AI). Think of AI as a gun—a tool that can be used for protection, hunting, defense, harm, or even destruction. Like many technologies, there’s always a dark side to the potential.
Consider the internet, once hailed as the great equalizer. It has now become a tool of centralized power and corruption, controlled by a handful of entities that dictate information to billions. Similarly, AI carries the potential to both safeguard and endanger.
We stand at the threshold of a pivotal breakthrough in 2024, where the creation itself will take up the mantle of combat. Human intervention alone won’t suffice in countering AI threats; it will be AI fighting against AI, a battle of good versus evil, to keep the dangers of AI in check.
This frontier is uncharted, laden with real dangers, and has the potential to profoundly impact our economy. Millions of jobs, even the very concept of driving, stand to be replaced. 2024 marks a significant turning point as we witness the unfolding AI wars, observing how this new technology can be harnessed to safeguard against tyranny, repression, and corruption.
Section 4: The Lightning Network
Enter the Lightning Network, a technological marvel poised to make waves in 2024. It’s a Layer 2 solution that operates atop the Bitcoin blockchain but stands alone as a unique innovation in the digital asset world. The key to understanding its significance lies in grasping the concept of Layer 2 technology.
Layer 2 technology, often elusive to many, serves as a framework built on top of a blockchain’s base layer (Layer 1). In the case of the Lightning Network, it rides on the back of the Bitcoin blockchain, but here’s the magic: it can transfer the asset of the blockchain, Bitcoin, without directly touching the asset itself.
I understand that this may sound perplexing, especially if Layer 1 technology is a mystery to many. But this complexity underscores the transformative power of what’s happening. 2024 is set to be a year of enlightenment as more individuals grasp the potential.
Imagine a world where assets can be transferred globally, and these assets can seamlessly convert into any currency, all without the burden of wire fees or monetary transfer costs. The remittance market, a lifeline for many, is poised for a revolution. For far too long, individuals have been charged exorbitant sums to utilize an outdated, closed-source network. In 2024, as more people uncover the truth about Layer 2 technology, this archaic system stands to be replaced.
At its core, Layer 2 technology on the bedrock of Bitcoin’s secure Layer 1 technology represents a quantum leap in financial innovation. Stay tuned as we delve into the final technology in the next section.
Section 5: Bitcoin – Unprecedented Transformation in 2024
In 2024, we find ourselves at the nexus of three extraordinary events, each of which has no precedent in the history of humankind. Together, these events promise to redefine the landscape of the financial world.
First, we witness the arrival of a SPOT ETF (Exchange-Traded Fund) with Bitcoin awaiting approval in early January. This development not only opens the floodgates to trillions of dollars in assets but also serves as a resounding endorsement of an asset that has never before received such an unequivocal stamp of approval. The journey of Bitcoin, from skepticism to capitulation, represents the most remarkable monetary transformation and awakening in human history.
Furthermore, FASB accounting (Fair Value Accounting) adds to this financial revolution by allowing trillions more in capital to flow into Bitcoin. This change marks a significant milestone, underlining Bitcoin’s growing recognition as a legitimate asset class.
Lastly, we’re on the brink of another Bitcoin supply halving, a process where the rate at which new Bitcoins are created is cut in half. While we’ve experienced halving’s in the past, what sets 2024 apart is the unprecedented demand accompanying this event. We’re navigating uncharted waters, which explains the multitude of wild speculations regarding Bitcoin’s future value. The uncertainty is a testament to the transformative power of technology.
In 2024, we find ourselves in the midst of a financial renaissance, where the possibilities are as limitless as the digital realm itself. No one can predict the outcome, but one thing is certain: we’re on the brink of a transformational chapter in the world of finance.
Thank you for joining us on this journey of discovery.