'Crypto: An Ecosystem for Survivors-Only' by FearsomeLamb789 crypto cryptocurrency
Everything can be learned, but not everything can be taught. You can’t be trained for specific knowledge once you have become irreplaceable and, as soon as one becomes irreplaceable, they are too busy to be even hired. You don’t have to be the founder of a Web3 startup to understand this, but it helps to recognize conviction when people are making the trade of a decade.
The current state of inflation is the problem of inflation. Indeed, what we are observing might not be inflation, but currency debasement. Inflation is caused by demand-pull.In 1937 we were in Quantitative Easing and 0 interest rates for 7 years in response to the crash. This essential and custom knowledge is at the bleeding edge of knowledge itself. It cannot be mass-produced, and it is driven by inner passion and curiosity. Oftentimes, this can be implemented following the soft skills that are extremely hard to acquire later in life. Neither age nor years of experience are relevant at this point.
First slowly being laughed at, then being fought for money-laundering and, all of a sudden, we have apes making faces at currencies, DAOs challenging Decentralized Lobbies Organization, and 2-cents being thrown at anonymous-driven Twitter accounts that prove the ignorance and open-mindedness of politicians who keep doubling down on the number of grey hairs.
Under perfect money we have deflation, under gold, we have constant prices, under fiat money we have rampant inflation and, at the end of the day, governments remain fixed on estimating purchasing power based on CPI data. Everything works sometimes, but not everything works at all times. All it takes is to be right once, that’s the difference with a swing for a home run. Everyone is welcome to Web3: big door in, small door out. Learning in public has a cost, and you don’t want to be a bot’s exit liquidity when the spread on the divergence of the market participants’ learning curve gets larger.
If we take the amount of commodities exports using the dollar as treasury reserve we would be propping up a hundred trillion dollar currency that keeps inflating a considerable amount every year. If we were to switch that treasury over the course of a decade to CNY the situation would not be getting any better.
Here’s dictatorship 101: create a problem, impoverish the masses, make the value of the dictator’s assets go up , and then you hand them free stuff to buy their votes. The sovereign individual should be independent enough as to differentiate between an emotion and an impulse, and Bitcoin does not fix that. When you read it thoroughly and don’t get distracted by the noise, you finally understand what the whitepaper entails.Scarcity only enters Web3 whenever its bold claims stop diluting the market. Believing in original innovation and disregarding financial products for the highest bidder is what sustains decade-long narratives.
Nation-states considering Bitcoin for payments, countries accepting it for essential natural resources, and an overall environment that just realized that 30% of jobs can be done remotely during an era of innovation. It is hard to see the most powerful reformation in front of everyone’s eyes when it transcends an evolutionary period where disruptive innovation is no longer a reason to poke fun at, nor something you have anything to win against by the sole act of fighting.
Afterward, the FED tried to raise interest rates and the next thing you know is that war is the solution for every monetary issue during problematic economic situations. Dropping bombs in a dessert does not seem a viable solution either. There must be better remedies for the problems that are created by bad monetary policies.
Once we take salaries out of the equation, free is overpriced, and once we remove the experience bias, age is meaningless for the recruiter. One can only be successful after failing so much. Here is how an exodus plays out with a flat interest rate curve : either we are heading for a recession and the interest rates will never go up after being raised 2 or 3 times, or the non-economic non-market actor holds on by printing more money into the system.
I am pretty sure most analysts can come up with good correlation data for bitcoin against the Nasdaq, against the color of the sky… but if they keep trying to find a correlation with anything, all I can’t avoid thinking of is that perhaps it is not correlated to anything. The result is that recognizing talent and encouraging learning ends up paying off a lot more than a blind hire.
If we switch to gold we would start talking about a 12 trillion dollar currency. Now take Bitcoin and less than 2 trillion dollars enter the table. Luckily for 2% of the population, the other 98% are not rational enough to understand that a country that is heavy on the export side should start exporting and switching their cash flows into Bitcoin and start making billions of dollars on a first-mover advantage.
Welcome to 2022, a year where reasonable intelligent people have concluded that there is engineer-perfect money out there while 98% of people still don’t know what money actually is.
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