Hi Task,
Finally had a chance to read your response. The twins have been specially active today... One of them just had a nosebleed, he is now fine and licking a lollipop, all good :)
In the introduction you could have said I'm from Cuba so readers understand better where I'm coming from and why I'm so distrustful of anything "free" or promising of unlimited supply
Yep, "land of milk and honey" is a good description. There's another one I have seen applied to America and Americans "Rome" and "Romans" and there's a good reason why. After 240 years of an exceptionally stable democracy most Americans have gone soft and many take for granted what they have around them without realizing the stability and wealth of America is the exception, not the rule out there. Late stage Romans acted the same way until the barbarians came knocking.
See, 200 years is nothing in historical terms, cruel dictators, starvation, fear, mass murders, oppression, theft etc are the norm in history and still are for most people living on earth. What you have lived is extraordinary, an exception to the prevailing rules. Check out this Global Rich List and look yourself up, it'll give you a very good perspective.
I love America and Americans very much. You guys are very nice, welcoming, hard working people, love to have fun, always smile. America is still a land of opportunity and freedom compared to most other countries. I'd give my life to keep your way of life as it is.
So, because of this love, I have no qualms telling Americans all this in their face because I want them to get really tough and appreciate what they have and understand how simple it is to lose it.
I have no particular love for Trump (I'm a libertarian, would have preferred a libertarian candidate) but I did like it when he called African countries shitholes, which is what they really are (granted, not all, most). My own country, Cuba is another shithole, a really crappy communist one. I just wish people would stop the PC culture and start calling things for what they are so they can finally start to change.
I know, my love is tough, but it is true love, not appearances and adulation like so many of the comments below!
Now, back to the subject at hand. I believe you are referring to the wealth disparity created by banksters and government, I couldn't agree more with you there. I believe crypto currencies will contribute to changing that paradigm and give more power to the people, hopefully banksters and fiat currencies will become extinct in the future!
Now, in regards to ever inflating crypto currencies and UBI, I do have a problem with those because, yes, you can print as many of them as you want for virtually no cost, but, real life resources are limited so, rather than creating wealth, they just create pernicious inflation. I'm a more of a fan of deflating currencies as I explained on this post.
I guess this is where we differ the most, I love deflating currencies, not so much inflating ones... But we can agree to disagree, this is one of the things that makes America so great. We can (still, hopefully for 250 years more!) talk about it and have a great discussion, both gaining in knowledge, without one of us or both going to jail or getting stubbornly mad with each other like we latin people tend to do. I learn a lot from your posts all the time. You know I'm a fan and read you all the time, but, you now know me, I will speak my mind every time!
My best regards,
@CryptoEagle
To start, I presume when you say shithole you are referring to the environment created and not the people. And those places are shitholes because of the tyranny from ruthless dictators who raped and pillaged the countries over the years. You can correct me if I am wrong but that is what my understanding is of the situation.
As for Americans, spoiled and ungrateful is what I think is more accurate. Suburbia problems compared to the rest of the world yet we will still blow them up to be the end of the world. Even places that are a step above shithole, like Greece or Spain, are not places most would want to live. Those countries are being destroyed by the bankster debt which always falls on the population.
With the crypto, most are inflationary to start before leveling off and going down. Even Bitcoin was produced at an accelerating rate for a few years....now the rate is decelerating although more is still being created. The difference with a crypto is that as long as the rate is programmed into the blockchain, one cannot simply print as much as wanted. The rate is set..like STEEM is...9+% is a bit high but it is not going to deviate from the creation schedule.
The inflation situation takes us a bit off topic but we just witnessed central banks around the world (we still are since there is about $200B a month of easing still taking place) engage upon easing we never saw before. Yet we didnt see inflation. Where was it? The Fed was shooting for it for most of a decade and couldnt come close to their target even with QE1-1000. Why not?
My view simple is that inflation, long term, is no problem as things become digitized. Being in the field, you know the components that fall under the laws of IT (processing 50%, storage 33%, and software 16%) have anywhere from 16%-50% annual deflation rate. Right now 4% of the world economy falls under this with 8% in the western countries. With the advancement of AI (software) we are only going to see this accelerate.
Right now the three biggest expenses most people have are housing (3D printing), healthcare (personalized medicine/automation), and transportation (autonomous cars/ridesharing). Each is going to see a massive deflating over the next 10 years (housing might take for 3D printing to fully affect that).
Hence a great deal of the scarcity you refer to is going to be negated by both renewable energy and the digitization of many things we utilize on a daily basis. Take the automobile for example. In a decade, most like, you will be driven around by an autonomous car that is a DAO on a blockchain which is paid in some token specially designed for that. You can take as many rides as you like, even in lieu of sleeping, and it still wont inflate things.
By the way, I am glad the twins are doing well and I am sorry about the bloody nose. That is what happens though. Kids are like cats, you never know what the heck they will get into.