Traditionally, every time you use services such as Facebook or Snapchat, they own all of your data that you generate on their platform. Blockchains represent a fundamental shift in the Internet’s paradigms for information stewardship. Now, as smart contracting, DAOs, and functional programmatic distributed storage and identity verification emerge, the technological breakthrough that is the blockchain is continues its ascent. What will blockchains have amounted to as they advance over the next 5, 10, 20, 50, or 100 years?
Limiting the number of frontline distributors causes a couple of important changes. First, there is less emphasis on recruiting a large number of people. Rather, you recruit a certain number and then focus your efforts on helping your downline sponsor more distributors. The matrix comp plan encourages more teamwork than a unilevel comp plan. The narrower and deeper the matrix is, the more this effect is felt. For example, a 3 x 10 matrix puts more emphasis on teamwork than a 6 x 6 matrix does.
Our world is trending towards a Matrix-like state, and blockchains are acting as a lubricant fuel down an admittedly slippery slope. The internet of things, RFID tags, robotics, augmented reality gaming, and increasingly smooth integration into smart-phone applications will increase our collective reliance on blockchain technology as a backbone storage layer for the internet. Advancement here is accelerating, as projects such as Ethereum, TheDAO, Hyperledger, Ripple, Steemit, and Synereo all demonstrate the growing set of offerings in the blockchain buffet.
Bitcoin is approaching the 3135 low and has broken its long-term trend channel. Whether it holds the low or not will shape our view going forward. Our main chart shows what should happen if a new low is made i.e. a large bounce to re-test the channel around 10350 before a large decline. If it can hold the low then we can still look for new highs and the NDX fractal will remain in play.