The kondratieff cycles

joseph Aloïs Schumpter

Before going to the heart of the subject let me tell you about the Kondratieff cycles.These cycles were invented by an Austrian economist Joseph Aloïs Schumpter at the nineteenth century who predicted the appearance and consequences of artificial intelligence in 1928 Each economic cycle lasts (on average) 50 years and consists of 4 stages:

1. Expansion (= growth)

2. The crisis

3. The recession 

4. Recovery

Each beginning of the cycle begins with a major innovation that boosts the economy.

Talking about of innovation we had 5 majors:

1. Product Innovation

Example: the creation of automobiles in 1889

2. Opportunities

Example: the emergence of new markets or new consumption needs, such as that of social networks in 2006

3. Raw materials

Example: the adoption and use of oil instead of coal

4. Work organization

Example: Fordism, a model of factory work organization implemented by Henry Ford in 1908 that revolutionized factories

5. Production methods

And it is precisely this type of innovation that interests us today. In history, it is the one that has turned our economy upside down the most. Whether with the agricultural revolution in the 1600s and 1700s, when beasts and machines began to replace the work of half the peasants.

Or the industrial revolution of the nineteenth century which tipped a rather artisanal society towards a commercial and industrial society

Or the digital revolution with the appearance of the Internet in 1989. Joseph called this phenomenon "creative destruction."

The Creative destruction is the process of disappearance of productive activities that are replaced by new activities as a result of technological progress. To summarize simply:

The email killed the Fax.

The iPhone destroyed Nokia.

These are perfect examples of creative destruction.

What about AI?

If you look closely, we are at the dawn of a new cycle. Since it has been about 40 years since the Internet, was born, which means that a new innovation will come to revolutionize our economy very soon. And this revolution is AI.

So it is very important not to miss this new technological advance, do research to position yourself on innovative projects

#Binance #crypto2023 #dyor #internet

There is a possibility that the Shiba Inu (SHIB) community is in for a pleasant surprise, as the team has lately hinted to an impending revelation that may be a watershed moment for the entirety of the ecosystem. Additionally, this follows on the heels of the recent recognition that was bestowed onto the principal developer of SHIB for his efforts as well as those of the team.
The announcement made by SHIB is going to "break the internet."
Lucie, the Marketing head for Shiba Inu, published a post on her X platform, which was formerly known as Twitter. In the post, she included a snapshot of another Telegram conversation from the head developer, Shytoshi Kusama, with the comment "...Let's break the internet." When Lucie made her comment, she was alluding to the news that they had been hinting about up until this point. Her caption implies that it will elicit a great deal of responses.
Before this, Lucie had previously posted an earlier Telegram message from Kusama in which he discussed a "game-changing announcement" that was in the process of being developed. On the other hand, the developer did not provide much information in that letter, and many people started to guess about what the announcement would be.
Kusama offered further information on this announcement in the most recent message that Lucie shared with their audience. He divulged the information that the "very big announcement" will be made the following week. The developer mentioned that it will be a "year-ending surprise" for the SHIB army, which suggests that the announcement is also centered on the SHIB army.
If the excitement that Kusama has shown over this news is any indication, then there is no question that it has the ability to "break the internet." While continuing to provide further information on the announcement, the developer also claimed that it will be a "world's first." It is his belief that this will serve as more evidence that Shiba Inu "is leading innovation in Web3."
There is little question that the Shiba Inu development team, which is directed by Kusama, has put in a significant amount of effort in order to construct the environment. Kusama was recognized as one of the top 50 most influential persons in the cryptocurrency industry for the year 2023, demonstrating that his efforts have not gone forgotten. His efforts, together with those of the team, were responsible for changing SHIB from a meme token into a leading participant in the DeFi environment. This was based on his efforts.
When one considers the fact that Kusama and his staff have been able to persevere through the storm, it is without a doubt that many people would concur that the prize is well merited. When the layer-2 network was first launched, the team encountered a few challenges, which made it tough for them to achieve the current level of success that Shibarium has achieved for itself.
One time, the main developer made a passing reference to the fact that "true work" is required in order to guarantee that there would be a substantial increase in the price of SHIB. Given the amount of effort that they are putting in, it is reasonable to anticipate that greater times are on the horizon for the cryptocurrency token.
#Shibarium #shib #internet