Following on from Part 2 in this series, Yip invites the panel to take part in her mindfulness exercise and share their vision for 2030. Yip starts first and shares her version of how her 2030 will look like, a world where she has the freedom to work and live on her own terms.
A world where technology connects us to each other so that we can look out for each others wellbeing.
Here is part 3 of the conversation:
Bridget Greenwood: Yip, I know that you’ve shared with me a few times about your vision for the future and we’ve touched on it a little bit more here, but do you want to paint a picture, maybe tell a story. It could be imaginary or not of what you see this technology bringing.
Yip: Bridget, I was thinking maybe we can do a little experiment altogether with all the participants in the room.
Can we get two minutes of visualisation exercise for everybody to join into this? And of course I’m happy to share my own 2030 picture. This is just an invitation for you guys to lean back, find a comfortable position, and then if you want, you can close your eyes.
We’re going to just tap into our immediate intuition.
Bear with me. It takes just a few minutes. If you want to close your eyes, that’s fine. If not, just find a relaxed gaze and then sense into your two feet and two feet on the floor and just feel how they connect to the ground. And then get your attention towards your breathing and see how your spine moves along with your in breath, and your outbreath.
Pay attention to your belly and see how it moves when you breathe in and how it moves when you breathe out. Relax your shoulders, do a quick scan of your face and see if you have any tension and then focus on the chest area and connect with your heartbeat. If you you can put the two palms together and feel the warmth of your fingertips and the ridges in your fingertips as the hands pressed together and tenderly listen to your heart and then put yourself into 2030, and you wake up in the morning.You had a very good night’s sleep and you feel good. And then open your eyes and look around.
What are you seeing? Wherever you are and who are you with?
In that very moment. And then just reflect on the really cool things that happened in 2030 so far, what are the really good news. And then you think about the past five years, what were the major developments that have happened that made you feel very happy and made you feel very safe and connected to your beloved ones.
Then you think of how you got there. What has actually changed in this world compared to 2021? When there was this thing called blockchain or internet of value.
What has actually really changed within the past 10 years for you?
And now listen to your heart again and ask yourself, what was my contribution to the shift? What were my actions and how did I contribute?
Just take a mental note of whatever comes up and then bring a sense of kindness and joy to you being here in the present moment and imagining your future, knowing that you can have empowerment to take action. Sense into your two feet again, wiggle your toes. And then you can come back. Open your eyes and then you can maybe share in the chat, whatever came up.
In 2030, I think I’m waking up in a world where I feel happy because I can choose where I’m working and how I’m spending my day.
There’s no 9 to 5 job commitments, but I’m managing my day according to energy and flow.
I’m living in a world where it’s quite normal for people to engage with technology for women alike and for men and where there’s actually an understanding that taking wellbeing for others in society. The care work you mentioned before is as valuable to the wellbeing of society as any role working in tech or in finance so that everybody can actually get paid for and make a living off what they care most about.
If that’s about taking care of beloved ones, then so be it because everybody else knows that if we don’t do these things, we don’t feel good in society.
We got there in my view when I look at my own vision for 2030 because as a global society, we used wisdom and insight. We looked at what was meaningful to us and prioritise how we want to spend our 24 hours of the day and work together to figure out the problem we want to solve in our little groups, in our little networks and work together with other networks to create the change and to contribute towards creating the world we want to live in.
I woke up in a home that clearly wasn’t in the UK. I was in a much more pleasant climate. There was a lot of nature around. I had the sense of freedom that when I was making any consumer choices that I was able to do so in a way that I knew that I was buying without damaging the planet and making sure that the people in the supply chain had been rewarded fairly for what they were doing.
And as a result, we were filled with a world of abundance, but not with the world’s greed.
And the part that I had played was what I’m looking to do with The Bigger Pie, which is to make sure that I can facilitate and support the amazing game changers that we have to be able to go off and to create these incredible futures for us.
And we can imagine a future by collaborating and working together, and the technology allows us to do that. As you said, the peer to peer, the permissionless aspect of being able to do and to do good. Now with that means a permissionless aspect to be a bad actor as well.
It’s not a perfect society by any measure and there’ll be lots of challenges that we’ll have to face and come along with.
Let’s go through the questions from our audience.
I know Eléonore, Shandran has asked a couple of questions that he’d love you to answer. Do you want to kick off with those?
Eléonore Blanc: Yeah, of course. I’m still dreaming of me in 10 years. I also need some time to come down. Yip that was so surprising and beautiful. What a beautiful exercise and thank you both of you for sharing your future. I could see myself with kids jumping into bed that’s where I went. I just dropped crypto for a moment. I went all family. Let me go back to crypto. I saw a great question earlier by Shandran and let me just scroll back the question I’m going to answer.
“What would happen to people possessing crypto in countries where governments might vanish now? Isn’t it more a problem for them?”
Exactly for that reason. It’s difficult right now. And I would say that governments and regulations do fluctuate. Governments are a bit undecided on what to do with it. On some level they realise it’s threatened their system, they want us to all continue to use Fiat so they can trace what we’re buying and spending, and they want the central banks to stay relevant.
If we’re all on another spreadsheet, then what are they doing?
At the same time, I feel like in those countries where there is so much financial grasp, where the government has so much power on your finances, it would make me want to crawl out of my skin and find the alternatives as fast as possible.
What I might do in that situation would be to focus on privacy coins, focus on making sure that I’m as anonymous as possible by peer to peer, don’t KYC yourself on centralised exchanges. Make sure that you always own your private keys. Make sure that you’re using products basically that are designed in the true spirits of the cypherpunks to give you full privacy and control over your digital assets.
That’s my 2 cents on governments and crypto. And then there’s a second question.
“If crypto or Bitcoin was made for everyone and bypass the central banking system and Fiat currency, how come it has become money for the rich and not actually available for everyone?”
Great question. I think today, anybody that’s transacting and using cryptocurrencies might feel the burn when they realise that they need to pay fees, right?
Whether it is miners for the Bitcoin network or gas fees for the Ethereum blockchain, there’s a cost to using these blockchains. They’re very fancy clubs right now and the bouncer are miners, validators asking for crazy entrance money basically for you to use these systems. And it’s one of the reasons why I usually give Bitcoin cash to people during my classes because it remains very cheap to send a fraction of a cent. It is still a UTX based blockchain, meaning that you still can obfuscate and use mixers for your transaction.
You still can use HD wallets, et cetera. Yeah, it’s not cool. The situation right now is just not optimal. Let’s just put it that way. We’re in a space where it’s 99% speculation, 1% values and use cases. I wanted to have that balance.
Bridget Greenwood: True, but then you don’t have to own a whole Bitcoin, right?
This idea of one unit, the value has come up. I need less of a Bitcoin to be able to hold a hundred pounds, a hundred dollars. If it was a hundred dollars at one, but I can still hold a hundred dollars worth of Bitcoin so there is that element to it. And that was part of the design, right. That you could go down to the small Satoshis.
Thank you everyone. Do keep sharing your visions for 2030. We’ll have a chance to have a look at those. Now, because everyone’s sharing everything, which is wonderful.
I’m losing sight of where the questions are. Question one and question two was answered. Bettinna, are you still here? Do you want to ask your question “in your teachings? Are you informing students?”
Did you want to come on and ask that question?
Bettinna: My question was in regards to of your core, you informing them of the centralised exchanges.
I think you answered my question a bit Eléonore but how are you doing that in Lebanon too?
Because I’m wondering and cause there are decentralised exchanges that does not require KYC, but as there is a major learning curve, like the bisque and then the running of the node, that’s another thing. How does that work for those who are in places that may have trouble obtaining some of the cold storage, raspberry PI. I mean they could break a couple of computers and create their own.
But I’m just trying to understand how you’re able to go around some of the issues because those are what really will help, really provide, I guess, what the woman was saying in regards to the fees situation.
How do you get around the system in regards to also ensuring that if the government ban some of the exchanges, you have these alternatives.
Eléonore Blanc: Yeah. Great question. I think you’ve touched on so many technical aspects on the crypto 101.
I don’t tell people to run their own nodes. I think that the decentralisation of the network is great for those that are ready to run a node. I’ll talk about it more in my crypto deep dive, in the more advanced classes for the beginners and how I do it is that I really insist on, not your keys, not your crypto. When I onboard these people, I give them a noncustodial wallet and I’ve checked with Edge and I was asking them what happens if the Apple store or Google store bans you.
What happens then? And he was like, “well people can still run an SDK.”
They can still run it directly and run it directly on desktop. It’s a wallet that allows people to have privacy. It’s an HD wallet. I mentioned it before, meaning that every time you receive a transaction, your public address changes. I think that’s great. I don’t want people to just have one public address.
I mean, that’s the problem with Ethereum which sound checks a model.
But to have their private keys, I don’t let them get out of the class without them knowing where in the app to swipe and click and write them down. And this is a paper wallet. To write those words down, to ideally make sure that you keep those words in a safe place, make copies, think about it. Imagine yourself at 2030, finding that piece of paper, don’t put it on a post-it somewhere weird. Just think long-term about these things.
I don’t want another, “Oh, I’m looking for my computer hard drive.” There’s so many horrible stories like this.
Basically, beginners is all about private keys and ownership. The next step would be where to buy peer to peer on a decentralised exchange, et cetera. Node situation, running your own node. I keep that for much later.
Bettinna: But it’s important to use an actual good app. That’s perfect.
Eléonore Blanc: I’m glad. I have a promotional link! But yes, they’re great. Edges, I personally used them and I liked the fact that they have zero data on you. That’s also really important. Zero data on you, you have full ownership. It runs even though if they get banned or something weird because these governments, they shut down WhatsApp and Telegram on a whim.
You also have to think about these stores, these closed gardens where you’re telling people to go. That’s how I do it.
Bridget Greenwood: That’s a very good point. We are past the hour now. I would love to hear just one last thing from Yip and Samantha, and then Eléonore, do you still wish to offer a bonus session for those who would like.
We’re going to hear from Yip and Sam, then I’ll tell you about a little bonus afterwards.
Yip final words from you.
Yip: No, really now is the time to shape the economy and shape society because we are in such early stage of the industry. If you all speak up and try to understand it, there’s not too much to learn because it’s so narrow sense the industry. Then you can really have a big impact on how we are designing it for the years to come and for future generations to come.
If we believe technology is here to stay, then let’s shape it.
I guess literacy is part of that. And that’s exactly what you’re offering through the Unit Master’s course.
Bridget Greenwood: And Sam final words from you.
Samantha Mullet: Yeah, I think it’s really easy to get overwhelmed by this space, even when you’re in it. I would say just to remember how early it is and how much incredible power you have as an early player.
I think all of us on this zoom whether you’re a participant or speaker, when I had that 2030 vision, I was like, wow, 2020 seems so long ago, but everything we’re doing now,
we’re really planting the seeds for massive, massive growth.
Definitely acknowledge the power that you have now, the resources that are out there.
I think again, keeping up on things, even if it’s in a light touch way. The Blockhead has a weekly newsletter. I’d recommend signing up for that. It’s a quick read every week that just details, “Hey, what’s happening.” And I think by having that pulse on the industry, it makes it really easy to absorb the changes that happen.
Thank you for having me too. I think this is such a fun panel. Amazing meditation walkthrough. I’m super happy to be here.
Bridget Greenwood: Wonderful. Thank you very much, everyone.
Here is a recording of the mindfulness exercise by Yip: