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RE: Why Investing In New Tech Is By Far a Better Option Than Investing In Gold?

in LeoFinance4 years ago (edited)

Hindsight is a great thing!

My main shares fund holds MS, so I'm glad for that!

I summarized Why Nations Fail for my blog ages ago. It's pushing 100K views which isn't too shabby.

I couldn't find too much to criticize.

HOWEVER, I do fear that Hive in terms of the DAO is becoming an 'extractive institution' - rather than an inclusive one - and the former is why nations fail!

Wonder if it applies to blockchains.

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HOWEVER, I do fear that Hive in terms of the DAO is becoming an 'extractive institution' - rather than an inclusive one - and the former is why nations fail!

Proof of stake offeres a wonderful solution to that: power up. The more HIVE that those who are not in the inner circle have, the more their influence grows. This is a point that most do not seem to focus upon.

Of course, does the rest of the community have the resources to achieve that end? Perhaps not right now. That said, if we are able to generate other wealth centers on Hive, then the resources will be there to add millions of HP to individual accounts. Collectively, this will make a big difference in what takes place on the DAO.

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Yes fair point, I'd like to see more of a trend towards middle tier accounts growing, I think we're getting there, just very slowly!

I found the netuoso case quite interesting - but wasn't it just blocktrades unvoting him that pushed him below the threshold in the end!

Not quite there yet!

I'm eager to read your summary on the book :)
Interesting point of the extractive institution of the Hive DAO. I think one of the best way to deal with the large amount of HIVE in the DAO is airdrop it! To the Hive Power holders, as Hive Power. Burining it would reduce the overall marketcap.

Since you mentioned Microsoft, didi you know that Bill Gates owned 49% of Microsoft during the initial public offerings(IPO) in 1986? Bill Gates owned 4.3% of MSFT stock by January 2020. If he owned the rest of 44.7% he would be worth more than the next 10 billionaires on the https://www.forbes.com/billionaires list combined.

http://beta.leofinance.io/hive-167922/@vimukthi/i-have-been-a-trader-for-over-3-years-this-is-my-quick-start-trading-resource-guide-for-a-newcomer

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I didn't know that, really interesting!

Do you know what he did with the other 44%? I assume he used most of it to set up his global charity.

He may actually wield more power as a result of that than had he just kept them owned as an individual!

Over the past 20 years, the Bill and Melinda Gates Foundation has spent $53.8 billion on issues ranging from public health to economic development. Some 16% of these funds have been spent on the foundation’s U.S. programs, which focus on education. The rest is spent on international initiatives, including providing vaccines and family health care in developing countries, expanding economic opportunities, providing emergency relief and much more.
https://www.cnbc.com/2020/02/12/bill-and-melinda-gates-say-education-philanthropy-is-not-having-impact.html

Bill Gates has certainly opted for having more influence than money. He also diversified his portfolio away from MSFT and it turns out it was an unwise move. is investments did well; MSFT did even better.

You can't always get it right!

Although he was still right I think to diversify.

When you're dealing with the amount of money he has, I don't think he can be too upset TBH!