This article will touch on the topic of how A.I. tools can, as one would expect, accelerate the growth in the blockchain space. Especially for platforms like Twetch that use stable and scalable protocols like Bitcoin.
Spoiler Alert! You can also skip to the final section "Enter, Twetch"
There are many, perhaps countless aspects which the trickle down of A.I. will, and has already started to impact in our world. Personally, it has helped me find information that can be turned into knowledge quicker than I could ever dream possible while using "old" tools like Google et al.
However, this is not where the tools have helped me the most, rather it has helped me the most by allowing me to bring ideas of websites and services into reality.
This isn't to say that I can at a whim create my own highly technical masterpiece, but rather that it allows me to learn and grow, piece by piece, step by step, to create something which was previously only a vision.
Now, I'm quite certain that this feeling is shared by many, but what does it then mean that people are now able to more easily "learn to code"?
Increased Developer & Project Supply
As one would expect, there will be an increase of "developers" or rather lay developers like myself. This then means that there will be an uptick in websites, tools, services, etc. You can let your mind run wild, but in a nutshell, there will be increased project supply.
But here's the thing. What will these newly skilled developers build their new ideas on? Some will choose the "traditional" I.T. world while others will choose the vibrant "Web 3.0" world which seems to connect money and information together. And heck, who wouldn't blame people for wanting to delve into crypto-land when it's crystal clear that there are shenanigans in traditional finance and the central banking systems.
If Blockchain, which One?
Ignoring all popularity contests, the blockchain of choice should have:
- The ability to scale
- A stable protocol
- SDKs (software development kits)
- A good economy (aka capital or disposable income)
Before delving in, let us keep this as straightforward as possible without going into the blocksize debate which culminated in the split of BTC and BCH, followed by the split of BCH and BSV. Not to mention the "rise" of alternative products which are debatably a shadow of the original seed.
(also, for another time, how USDT was propped up in order to artificially create demand for BTC)
In essence, means cheap (or cost-effective) to expand. For a blockchain, this means huge transaction volumes which are supportive of world-type trade. If you build something you'd like that is cost-effective for your soon-to-be users to actually use or pay you with.
Today Bitcoin (read BSV) has proven that it can handle upward of 50 million transactions in a single day without any hiccups. To put this in context here's a chart showing some other blockchains vs Bitcoin. If you look really close, like really close, you'll see the other blockchain transaction (TX) volumes at the bottom of the chart.
In essence, this means that creating something today on a given blockchain has a 99.99% chance of running perfectly 100 years down the line. Is this 99.99% a real defined number? No, but you get the point.
As the age-old saying goes, do not build your foundations on sand. This is a simple principle that seems to often be overlooked. The Bitcoin protocol is a protocol that generally speaking is, as the inventor Satoshi Nakamoto stated, "Set in Stone".
Without getting into the politics and madness of crypto, one needs to accept the fact that practically all blockchains have been "led" by developers who at the whim of their will or through some good old side $$$$ will change the code of the system in order to achieve their personal goals,
So then, if you're a developer who is building a project and then one week later the protocol changes it could mean that you have to start, all, over, again! This means lost time and possibly money too.
Think of a protocol as a sound and economically free economy, one where you know that your land and hard work will not be confiscated just because.
SDK Tools = Growth
We know that "learning to code" has become a heck of a lot easier, especially since most of the heavy lifting is now done by ChatGDP, Alpaca, and LLaMa, but from my very short experience, other documentation is crucial to get the journey started.
Therefore it's my opinion that the blockchain ecosystems which have the most robust SDK (software development kits) will have a great start in this journey of creation. As not only skilled "real" developers can create, but also novice developers with vision.
Where's the Money at?!?
Finally just as people are willing to pack their bags and travel halfway across the world for an opportunity in wealthy economies, they are more able to do the same within the blockchain world.
If there is money to be made because there is excess capital searching for things to buy, or things to invest in, then it gives developers or entrepreneurs a good reason to target that potential target market.
For example, would you make more sales as a Porsche salesman, in the U.K. or Senegal? Where would there be more specialty coffee drinkers with deeper pockets, Hamburg or Harare? Similarly one wants to build their project where there is more activity and available disposable income.
First, according to ChatGPT Twetch is:
A decentralized social network and crypto wallet that allows users to interact, share content, and transact using a variety of cryptocurrencies. Twetch utilizes blockchain technology to provide a secure and transparent platform for online interactions and transactions. The decentralized nature of the platform ensures that user data and transactions are not controlled by any centralized authority, giving users full control over their data and finances. The platform's integrated crypto wallet allows users to easily store and manage their digital assets, and the social network aspect allows users to connect and engage with others within the community. Twetch aims to provide a truly decentralized and empowering online experience for its users.
So with all of the above in mind on blockchains and the new developers entering the market, what checkboxes does Twetch actually tick?
- Built on a scalable blockchain ✅
- Founded on a stable protocol ✅
- Simple SDK for Vincent ❌
- Vibrant and growing economy ✅
But I hear you ask, is Twetch an affluent/rich economy? Not yet but neither was the U.S.A. Only through commerce and exchange is wealth created, and you don't need to take my word for it, read The Wealth of Nations by Adam Smith.