The power of compounding and the virtual real estate of the future
steem·@luueetang·
0.000 HBDThe power of compounding and the virtual real estate of the future
 Img Src: google **In the future, due to scarcity of land and the complexity of ownership, many would op to virtual real estates.** As smart contracts advances, increasing security and ease of use and integration, owning blocks of a whole real estate would become a common practise instead of buying the whole property or piece of land. We are still in the early stages of this new technology. In the future, after mass adoption, there will be a new class of assets. This will by then create a more recession proof decentralized market that buffers any economic crisis that may be caused by debts owed by companies and governments. We should not ignore the emergence of this new technology. Those who have been laggards in the current technological revolution have been left worst off. Why would you still want to drive all the way to the bank to withdraw some cash in the future when you can pay using your blockchain cashless wallet? I am honestly spooked off at times the different security issues. I am currently building up my wealth through blockchain technology. After months of getting actively involved in Steemit, I can sometimes see what the future would be like. # Compounding is powerful. It's what banks use to build their wealth. However, there is a balance that central banks need to have with the government debt. Printing money is easy as the fastest solution in solving economic problems. Imagine if you have, 1 Bitcoin, you manage to find this crypto bank that let's you compound your BTC or any other cryptos for that matter, each month, you get around 20 percent of compounded growth. By the end of the month, you would still have your original 1 BTC + 20% of compounded BTC. How the crypto banks may have earnt this may be by giving out smart contracts to those who need financing. The starting of the next month, your original BTC is now 1.2 BTC. Instead of just adding interest to 1 BTC, you now calculate the interest on 1.2 BTC instead. Imagine doing that for a year. Your original BTC by the end of the year would go up to about 8 BTCs. This is a hypothetical calculation of how compounding works. I am currently compounding my Steem instead of withdrawing everything out. Every single Steem withdrawn out equates to one less Steem to compound. If I am able to build enough Steem power to sustain an income someday, it would add a new investment to my portfolio. **This is like building a machine that earns you money. If you think of it, why is Walmart earning billions.** Posted using [Partiko Android](https://partiko.app/referral/luueetang)