Google Trends shows an unprecedented surge in the volume of searches for ‘onchain’ over the past few months, even as searches for other blockchain-related terms (Bitcoin, NFTs, etc.) have either fallen or stayed within traditional ranges (1/9)
Some of this interest may have to do with the Coinbase exchange’s relentless promotion of ‘Onchain Summer,’ the annual hypefest of their proprietary Ethereum layer-two network Base, which has become increasingly important to the exchange’s future revenue growth (2/9)
However, the jurisdiction that produced the most searches for ‘onchain’ was India, where Coinbase was forced to suspend operations last year (after its habitual disregard for observing local regulations unsurprisingly annoyed local regulators) (3/9)
My hope is that the global ‘onchain’ interest has more to do with a shift from viewing blockchain tech as a vehicle for financial speculation to a focus on utility; the efficiency and accessibility that’s only possible via blockchain-based solutions (4/9)
On a more capable blockchain, these solutions include cost-effective micropayments, tokenization of real-world assets, immutable transaction records, data storage, self-executing smart contracts … the list is endless (5/9)
Unlike the financially speculative blockchain-related search terms, Google Trends shows consistency in the searches for Web3, reflecting the ongoing desire to transition away from the current centralized Web2 model of data-mining social media giants (6/9)
That’s a strong vote of confidence for the development of Metanet, the better, more inclusive and dynamic internet, an economically integrated online system that enables cost-effective, instant micropayments between creators and consumers (7/9)
Metanet requires a fusion of artificial intelligence, the IPv6 explosion in the number of unique IP addresses, and a strong, secure, SCALABLE blockchain to handle all these IP addresses communicating back and forth #BSV (8/9)
Let’s get back to basics by rediscovering the vision laid out by Satoshi Nakamoto 15 years ago. Consign speculative token-flipping to the ash heap of history. Embrace utility and explore the possibilities that blockchain has to offer (9/9)
Calvin Ayre
Aug 8, 2024
https://x.com/CalvinAyre/status/1821570775402545362?t=3f79_QgEGahNooC5ytfiqQ&s=19
Some of this interest may have to do with the Coinbase exchange’s relentless promotion of ‘Onchain Summer,’ the annual hypefest of their proprietary Ethereum layer-two network Base, which has become increasingly important to the exchange’s future revenue growth (2/9)
However, the jurisdiction that produced the most searches for ‘onchain’ was India, where Coinbase was forced to suspend operations last year (after its habitual disregard for observing local regulations unsurprisingly annoyed local regulators) (3/9)
My hope is that the global ‘onchain’ interest has more to do with a shift from viewing blockchain tech as a vehicle for financial speculation to a focus on utility; the efficiency and accessibility that’s only possible via blockchain-based solutions (4/9)
On a more capable blockchain, these solutions include cost-effective micropayments, tokenization of real-world assets, immutable transaction records, data storage, self-executing smart contracts … the list is endless (5/9)
Unlike the financially speculative blockchain-related search terms, Google Trends shows consistency in the searches for Web3, reflecting the ongoing desire to transition away from the current centralized Web2 model of data-mining social media giants (6/9)
That’s a strong vote of confidence for the development of Metanet, the better, more inclusive and dynamic internet, an economically integrated online system that enables cost-effective, instant micropayments between creators and consumers (7/9)
Metanet requires a fusion of artificial intelligence, the IPv6 explosion in the number of unique IP addresses, and a strong, secure, SCALABLE blockchain to handle all these IP addresses communicating back and forth #BSV (8/9)
Let’s get back to basics by rediscovering the vision laid out by Satoshi Nakamoto 15 years ago. Consign speculative token-flipping to the ash heap of history. Embrace utility and explore the possibilities that blockchain has to offer (9/9)
Calvin Ayre
Aug 8, 2024
https://x.com/CalvinAyre/status/1821570775402545362?t=3f79_QgEGahNooC5ytfiqQ&s=19
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