speculation isn’t just gambling anymore - it becomes a survival mechanism.
Yeah, this is the issue. The economy is so screwed that nothing is connected to anything of real value. It is just do something and hope, even though what we go is meaningless for all of us to live.
Exactly - this is where the disconnect between economy and reality happens. When speculation becomes a survival mechanism, it means fundamentals don’t matter anymore - only narrative and sentiment.
But what’s interesting: this “meaninglessness” itself has a predictable pattern. When everyone realizes nothing is connected to real value, then everyone starts looking for the same thing - and that becomes money itself. Gold, Bitcoin, or whatever we think has value.
Maybe the economy really has reached a point where it’s no longer connected to production - only to belief. And belief can change very quickly.
Yeah it can change quickly. Personally, I think we would have a better world if the things we produced and consumed had real-world value to the advancement of humanity. So much of the entire supply chain is essentially busy-work, activities that aren't necessary and are often contradictory to a better life. Everything from the mining industry, to manufacturing and the accounting and digital aspects - it is all pretty much useless activity to keep us occupied.
You’re describing the difference between productive work and performative work. Most of modern economy is the latter - activity that looks like progress but produces nothing meaningful.
The irony is that crypto was supposed to be an escape from this - decentralized, meaningful, value-driven. Instead, it became another layer of the same game. We’re mining imaginary tokens to trade for imaginary gains while calling it “advancement.”
Maybe the real advancement is recognizing the system for what it is and choosing not to play - or at least not betting everything on it.