Imagine in five years times EOS is fully operational and has thousands of decentralised applications, like Steemit, up and running. You'll have decentralised messaging services, email, encyclopedias, videos services and social media to name a few. None of which will be owned by anyone other than the users.
Everything that exists digitally can become decentralised. But these blockchains will incur costs and to secure them will require network infrastructure. This is where tokens come in handy.
Each app will have a native token worth an amount which can be sold on exchanges. The people securing the network will be rewarded with the tokens of the network they are securing. And so an economic ecosystem is formed.
The idea of investing early and getting rich will go away as will piontless reddit posts predicting prices. The tokens stabilise and this stabilizing of value is what will make them usable assets. Eventually the market or the developers will find a set price.
Governments will still be able to operate and collect taxes as the whole process of tokenizing is completely transparent and public. For government's there will simply be more consumer choice and greater financial freedom as new forms of dapps and currencies arise.
Regulations will take care of themselves like they always have. They mainly exist to protect people from fraud, stop money laundering and make sure people who make profits pay thier contribution for public services we all use and need i.e. tax.
So if a decentralised phone company launches, and has a native token, you can pay for data usage in the native token. The new token can be earned in various ways by interacting with the service, like Steemit, and can be sold on a decentralised exchange.
But this new tech won't be about getting rich, it will be about getting value as a user. It will be about being able to use digital assets more efficiently, with more fairness, better security, privacy and with greater autonomy. It will also allow users to earn tokens and generate value by negating profit taking by a centralised hierarchy. Which is always filtered to the people at the top.
Although merit and hard work should be rewarded to creators, the limit is where you have huge pay gaps, inequality and exploitation within companies and workforces. And thus you have the Mark Zuckerbergs et al. People who build companies with the explicit desire to profit at the expense of others.
Traditional companies make money through giving workers and consumers an unfair deal and this is what profit is - exploitation.
Paradoxically for Google you aren't the customer, you are the product, your data has real value and the cost to use the service is your privacy. Your data is sold to analytical companies for research and marketing.
With dapps (decentralised applications) you own your own data have more privacy and profit accordingly.
Its becoming increasingly clear blockchain technology's central drive is ethical and not simply financial or technological.
