We are creating money out of thin air
I guess in some ways, we always have been, but never before has there been this much control over the printing press by so many people from so many places. The centralized banker and the politician are not at the helm of the printing press... I would like to keep it that way.
Proof of Brain, LEO, BHT, Hive, HBD, PAL... the list goes on. Whenever that upvote button is pushed... you are signalling to the blockchain to release some more funds. Depending on your stake, you may be releasing pennies, fractions of pennies, or a hundred dollars.
This is really amazing. Let that sink in. We have the ability to create money with the push of a button.
The Truth doesn't always hurt
I pushed the upvote button today. I printed money for a few people, and for myself. That is just the way things are coded to work. 50% to the author, and 50% to me... the guy who pushed the button. The truth about that transaction is pretty sweet. I printed some money for some people that I thought did nice work. Since I did that, I got it too.
I read somewhere, that the surefire way to welcome money into your life is to give some away. Well... this could not be more true on this blockchain. Every time I click that button and give some money away... I also get some.
Abundance is knocking
Think about what is happening here for a moment. We are able to interact with each other and get paid for our interactions. This is the future of economics. This is not scarcity economics... this is abundance economics.
Old Paradigm
There is just not enough. We need to fight over the distribution of wealth. Those that have it amass armies to protect it. Laws are made and enforced to keep wealth in certain pockets and out of other pockets. People rise up and dispute how the wealth is allocated. Fingers are pointed. Guns are drawn. The city or the entire nation becomes a police state. People dig up dirt on their foes and sling mud in an attempt to bring justice to the situation.
In the old paradigm, there will not be justice. Justice was discarded to create the old paradigm. The elite have been protecting their wealth through elaborate structures since history has been recorded. Ancient Greece was democratic... as long as you owned land. That sounds like a rigged system to me. If you are born on the wrong side of the line, you are not recognized as a citizen of the democracy.
Not much has changed today. We hear about the 1%. We see the influence a tweet from a mega billionaire can have on an entire sector.
Welcome the new paradigm
We are witnessing a paradigm shift. It is happening before our eyes. Never before could we print money and not get arrested for counter-fitting (that is so old paradigm by the way). We are seeing it happen. Blockchain has seen humungous growth since its inception. Becoming a part of it was always bridged from the old world of fiat currency. If you wanted in on BTC... you had to pay to play. Buy the machines to mine, or buy the mined coins.
Enter Hive and DPoS. It still is beneficial to pay to play on Hive. You get a leg up on your stake. That being said. You do not need any money to start off in this new economy. The economy of abundance. Many people just started writing on the blockchain and have built up a nice stake. I did delegate some Hive to @proofofbrain.io to get some POB to start, but in hindsight, I didn't really need it. I wrote my posts and those post rewards are where the bulk of my stake has come from.
There are many other people on POB that are living off of their rewards on POB. Let that sink in.
People came to this platform and started writing. 4 months later, there are people that have found economic freedom on this blockchain. Will that freedom last? Let's hope so. It would speak volumes to the power that we have here at our fingertips. This is the new paradigm.
What does it look like
It looks great. There is enough to go around. When a tribe gets too crowded and saturated, another opportunity pops up. It could be another tribe or another opportunity. DPoS was only the beginning of printing money for people without any. DeFi has grown into a massive industry in the last year. The essence of DeFi is printing money out of thin air. It takes money to make money in DeFi, but once you are in... the printer keeps printing. I have been on CUB and a few platforms on Polygon. I am printing money and compounding it daily.
Blockchain games are another source of income. I dreamed of video game consoles that printed money if you beat a high score when I was a kid. Well... that is a reality now. I get paid daily to complete my quest in @splinterlands. If you can get paid to play computer games, surely you cannot deny that a new age is upon us!
The beauty of this is that with Hive and its tribes, you don't need money to start out. You can put in work writing and engaging and build a stake. You can then make more money curating while still writing and engaging. You can then take some rewards and put them into DeFi. In a few years, you could amass a small fortune with zero money down.
Embrace Abundance
The culture on the blockchain will thrive if we embrace the abundance mindset. It is hard to shake the scarcity mindset that has been programmed into so many of us from the existing legacy economies (old paradigm). We are printing money out of thin air all over the place. I decided to come to Proof of Brain when it started, because I was not really getting rewarded as much as I thought I should. There are a lot of mouths to feed on this blockchain, I get it.
I helped (or I would like to think that I did) shape the development of the platform from early on and I was rewarded very well for it. This is not the only game in town. A bunch of people took interest in POB and good content and a good core developed. It brought a ton of value and interested parties to POB. Look where it is now a few months later!
Artists in slums
It is well known now that if you want to raise the property value of a neighbourhood. You welcome artists into it. Artists have a knack for making things nicer and building a community around themselves. Cities do this now to jumpstart neighbourhoods. They bring artists into a community and in ten years, the neighbourhood is transformed.
All the artist does, which is different from the general population, is care about their community. They paint murals, they rent the hall out and put on a concert or a craft fair. They encourage more people to get involved. They have fun. This is how they bring value to a slum.
There are a ton of tribes out there
If POB, Hive, or LEO is not rewarding you enough there is a pretty sure-shot way to increase your rewards. Take a struggling or new tribe under your wing. Make it your home and care about it. Create a culture on the tribe that embraces abundance and doing things for the good of the community.
I guarantee, if someone took Broadhive, DunkSocial, Lotus or (even!) LasseCash under their wing and treated it like home. If they cared for and nurtured it and brought an awareness that this place could be great, it would grow in serious users and ultimately grow in value.
This is what happened with POB and LEO. There was a group of people who took it serious. They talked about how to build it up and how to make it great. It is a work in progress, but any work in progress has great potential. I feel ditching the old paradigm and welcoming the abundance mindset is exactly what we need on this blockchain to really take things to the next level. We are printing money out of thin air!
Have your say
I always try to keep everyone who reads and comments on my posts as a top priority. I want to hear what you think about what I had to say. I am never 100% right and only on very rare occasions 100% wrong. That said, I would love to hear your point of view and I will do my best to put my spin on your spin.
I hear your excitement on printing money out of thin air. The reality is that people are willing to buy Hive to give themselves a stake, which gives value to the coin. If no one was willing to buy it, it would be worthless. Most of us who contribute here believe that we are creating value with our content. I have spent thousands of real US dollars to buy Hive, power it up, and lease it out. My vote isn't worth much, but my HP is worth it to other to borrow it at a cost. Otherwise, my posts gain the coin. I haven't decided yet on how much coin I want to stake before I cash out half the time. I feel like posting here forces my creative juices to flow and I know that some day, my children will find my posts and learn from them. It's a piece of me that will stay behind...forever ish.
It feels like printing money out of thin air...but we are all producing-upvoting is a product of your reading a post and announcing the value you feel it has. Making a post adds value. Adding a comment adds value. There is a Hive store which allows you to buy products with Hive...the bigger it gets, the more valuable Hive becomes. There's a lot at work here. We will all look back on this experiment and see how it enriched us or how it was a fun fling while it lasted. When the internet came out, I found many "Get Paid to Be Online" websites. I ran many of their ads on my screen and referred a ton more. I made thousands on it. They're nowhere to be seen now. We'll see where the people migrate to. POB is still an infant. The "whales" are still minnows. Even the alpha man is a minnow. The nice thing about that is we are early enough in the game to get into the 1% club...by the way, the 1% club will always exist. You can never destroy it, because it is a statistical/mathematical club. The only way to destroy it is to make everyone share everything so that no one person has more or less than another. That will never take place because the moment someone figures out how to produce more/better than others, they immediately separate themselves from the rest and become the 1% again. Never fear/hate/loathe/worship the 1%...it's just another human who put forth work in a way you and the rest of us didn't think of doing...yet. There is still a churn, so keep trying.
Good post, by the way. I like how it was lain out and the points were interesting to read...quite positive in the forward thinking, I'd say.
Thank you for the comment. Yes, the "system" that creates value is far more complicated than my article let on. My sentiment is that the vast majority of people do the same thing on facebook and give all of the value of them being on social media to a billion dollar corporation. We do the same thing, and get paid for it.
We are still very early in all of this, Hive, POB, even BTC. There are many ways that it can go, but I do feel that the real projects will be so entrenched that they will be around. Will the Hive token go up??? That I cannot tell you. I would like to think that the fact that it is superior tech to almost any other blockchain means that it is only a matter of time... but, who knows?
Ya, 1% will always be there. Hopefully the number that is in the 1% can grow a little bit. In legacy system there are very few that control almost everything. I think, even though things are very skewed here it is likely a little bit more spread out. I could be wrong.
Thanks again for the awesome comment!
I have the same sentiment about Facebook. I'd much rather receive the value of my content than to give it away freely to someone else who sells it. I wish I could put an ad on my posts for perpetual earning. If everyone was allowed one ad, we'd be able to earn from our posts indefinitely.
Nice article @allcapsonezero. Having an abundance mindset is so important when it comes to Magic Internet Money. It's there for everyone and as you mentioned, the more you give, the more you get. It's a kind of self-serving altruism! DPoS & POB incentivize investors to give more and that's the beauty of it.
And there are a ton of tribes out there for every kind of person and a new one popping up every week. Find your vibe and ride. :)
Posted Using LeoFinance Beta
Ya man! It is really a cool thing to be a part of. I'm trying to surf on a wave of positivity and hope that it is contagious... because really... I just liked your comment and gave you a quarter or something.
I really feel that there is a ton of untapped value in tribes... they just need a few people to pull up their socks and get people excited about it... that is more long game, but if you are here, why not?
Same here! I am also very positive about this place and what we are building here. It's going to help so many people in the long run and I want all of us to be there. Spreading love goes a very long way.
Posted Using LeoFinance Beta
This is the best picture anyone has painted of POB in the fewest words.
Thanks mate. PoB to the moon 🌛
Posted Using LeoFinance Beta
Here is hoping (it is on us).
Yes we are currently going into a stage of abundance. I think old way of scarcity will be going away. One thing I want to state though is that the tribes need to continue innovating and making changes. Staying stagnant is not really the way to go and increasing use cases is vital.
Posted Using LeoFinance Beta
For real. I never said that outright, but the people to take the tribe "under their wing" and get people excited about it will need to get funding initiatives and dev's on board and make the ball start to roll. There is a ton of value in those tribes, they each need a few Hiver's that get it and can deconstruct the success LEO or POB have seen and replicate the design (or come up with a new move to add to the playbook).
Politicians work illegally with wealth brokers to create policy that benefit for their pocket only. The mass are slaves and servants to the politicians and wealth brokers.
Yes, and blockchain seems to be an unstoppable force that should break the chains for anyone who takes the time to get familiar with the way it works.
Yep. I heard that mentioned somewhere.
Terrific article. Everyone should digest this.
Posted Using LeoFinance Beta
Thank you! I have read many posts that you have written that are on this very train of thought. It really needs to get hammered in as it is life changing once you 'get it'.
Your post was promoted by @finguru
I appreciate this, it helps me a lot on LEO, where I am still just a newbie.