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RE: A Quadrillion-Dollar Market

in #busy5 years ago

Change is coming -- and my money is on that it's coming in a direction that most people (including crypto early adopters) don't see coming.

Every time I see someone write "HODL", it strikes me as "hoarding" which is aligned with scarcity. Given the fact that this is an accounting system that we, as a community, are creating -- it seems to be reasonable to any scarcity is "built in" or "artificial", as a means of letting people accumulate "wealth" from some weird, intangible, "non-existent" value... Pulling something from nothing...

Most of what I read is old-school thinking applied to new technologies while avoiding new economic theories, and it doesn't make any sense (at least not to me -- but again -- I've been drinking for a few hours now).

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Hahaha, you know what they say 'drinkin' makes the best thinkin'

I completely agree... the good thing about crypto is that it's helped us re-look at the things we took for granted as 'just the way they've always been done' and asking if it's the way it should have been done.

The people aren't going to stand for the 1%s taking everything, and I see various countries electing of authoritarian governments as the first step in the change... and when that inevitably doesn't work, the whole system will need to change.

Bitcoin probably won't be the answer, but at least the people on this platform will have their eyes open for change.

You're totally right though... how many people in the crypto space just want to replace the current 1%s with themselves, and how many actually want to change the architecture of the world?