What had started as an idea, the generic “AppCoin,” had evolved into Swarm, a whirlwind of excitement and movement. They were everywhere in the press, and yet what excited others made their lawyers nervous. The promise that the next stage after cryptocurrency was something equally mysterious and impactful, cryptoequity.
If the truth be told, one of the major reasons for the success of cryptocurrency was that it bypassed national boundaries and associated regulations. Because many of the usages for such as system were criminal, it was only natural that it would be shut down. Except, in the curious case of Bitcoin, it could not be, at least not via ordinary means. And so it continued to grow.
Swarm was, as it turns out, dedicated to a similar viral model of growth, one that was at least mildly subversive. It was not that Swarm was anarchistic in a destructive sense, it simply believed that regulations needed to keep pace with the evolution of technology. When they did not, the evolution of technology took precedence.
This was a dangerous game, but those who gathered around the Swarm knew this and applauded it. They were willing to take this risk. It was exciting because many knew the value, but no one else dared to do it.
Swarmers were increasingly people without fixed abodes, without steady partners, without significant earthly attachment. They joined the Swarm because they believed in the value of revolution, not simply the upturning of a corrupt elite, but the constant transformation of all human institutions.
Ironically, the first wave of appeal had come from classic business folks. They saw the massive economic potential behind the Swarm idea and they wanted to control it. Soon they learned that the Swarm cannot be controlled. Like all great ideas, it must evolve of its own accord.
The next wave was the lawyers. Initially excited, they said that the best way to do this was to lay a solid legal framework, which required a rather substantial amount of capital investment to start with, largely to pay the lawyers. They promised to contact venture capitalists who could help pour the pavement.
The venture capitalists were also excited. But of course they needed to see traction of a substantial sort first. No one is willing to pay out to lay the infrastructure. Even the lawyers got distracted and could not be engaged in a substantial way until there was a crisis. And even in a time of crisis they under-delivered and left more messes than they helped clean up.
This left the crowd. Made up of idealists and speculators and worker bees, the crowd had a multiplicity of agendas. Yet, strangely, it was also capable of massing incredible common energies for a good purpose. Although there was an incredible need for immediacy, there was also the equally powerful ability to engage just at the level that was right for the individual. What are you investing in? Why? How much?
While as in the past investment was of time, energy, or money, now the three could be seamlessly combined. A new age was being born. On the blockchain.