What it's Not
Money is not value. How so you ask? Sarah makes bread. Billy makes boots. Billy wants bread. Sarah doesn't want boots. Therefore both parties must agree on an intermediate token which is a store of value. Now Billy can have bread and Sarah won't be stuck with boots, simple enough.
So the value is the goods and services, not the money. Crypto is not value and neither is cash. Here's a good indication if something is valuable. Does it serve a higher purpose other than its own existence? If yes, it has value. Money can't be valuable because its a container for value. Gold is used in electronics and it also requires labor to increase its supply, although it's quite less practical as a currency which is why it's a good. A thousand bitcoin stored in a cold wallet offline is valueless in a shtf scenario. It may hold temporary value but there is no guarantee people will accept it as valuable in the near or long term future.
The greater purpose of sending money peer to peer in a private and convenient way has to do with how we value relationships. Connections are valuable, not crypto. If you don't know your local butcher you're going to be stuck buying soy balls from your local soymart with shitcoin.
An availability cascade is a self-reinforcing process of collective belief
formation by which an expressed perception triggers a chain reaction that gives
the perception increasing plausibility through its rising availability in
Maybe if you ever went out to eat with a large group of people, you perhaps
noticed as the waiter takes everyone's order, many times someone will get the same thing as the first
guest or the person right before them.
I'll have what she's having.
In the mainstream media, we see similar behavior with narratives. Russian collusion, the border crisis, climate change, you name it. They parrot these narratives as they become more artificially relevant.
In the financial world, it's the same story. Elon tells you to buy bit coin. Then everyone gets excited and starts talking about it. Then he says to drop it. Zuckerberg posts an image of his goats (true wealth), one named max and the other bitcoin right before the big crash back in April, the month before Elon's condemnation. Anyone should be able to see these guys are artificially controlling the shelf life i.e. availability of crypto and are making it out to be a get rich quick scheme or a dangerous unsustainable means of exchange. It's intentionally presented in a contradictory and confusing manner. Needless to say, they have an uncomfortably globalized grip on how the optics of crypto are presented to the public, whether you believe you came to your own conclusions on the matter or not.
When you really give it some thought, the only way to make money from crypto is for someone else to lose. If you disregard mining, which in of itself is a centralized mess, does that not sound like a plan to keep the have nots in check? How do we maintain collective society when everyone is incentivised to cross each other? Furthermore, how will local economies and the personal relationships which they are comprised of hold up in a system heading towards contactless shopping, automated fulfillment and other anti socialization tactics? Crypto is being used as a stepping stone.
Usually economic activities are productive for either party. For
example, when a dairy farmer sells his milk to a family, the buyer
and the seller are better off than they were before. The
clever people who do make money off this trend
will cash out and buy physical assets like land, tools, livestock and guns. The idiots
will leave all their money in it and watch graphs go up and down all day, week after
week, month after month, and year by year for the chance to say,
I bought in when they were only 50 cents a pop! out of
trauma based satisfaction. In the back of their mind they will
always be searching for a life of meaning they'll never discover.
They've sacrificed value for compliance, because it's never enough
money and if you drop out you lose the game. Soon enough, compliance
will be the default currency.
Not investment advice
Do not invest in bitcoin or any other coin which are tools to make a
cashless society a reality. At best, crypto should be a means to
send a store of value to another
peer without relying on a central authority, that's it.
Investing in crypto for the sake
of making money is a whole other story. Even if you make money, will you feel
satisfied knowing you're helping the banks (who are always ten steps ahead)
decentralize centralized surveillance? Not a fan of taxes? Soon, it will be
against the law to keep your private life off the public ledger.
Of course everything
you buy and sell has to be recorded to the ledger! How else will insurance companies
know what you're up to? How else could the IRS find new ways to nickle and dime you?
How else will Law Enforcement be able to stop crime before it happens? If you refuse
to comply, you're putting everyone in danger!
Relying soley on crypto (even monero) for peer to peer money transfer does not have a bright future. As of right now, no authority has the power to ban anyone from using cash because it is private even if shtf. And if people stop using cash a new physical token will be agreed upon. Miners do not own electric companies and therefore do not own their proof of work. This caveat makes it no less centralized than fiat.
The only benefit crypto brings to the table
which I've already stated, should be supplemented with an existing local supply chain.
Help local businesses except monero but boycott the ones which refuse cash.
no coiner crowd bring up a valid point: crypto
infrastructure is being built to let the banks rule with a centralized fist
while maintaining the illusion of decentralization. Satoshi Nakamoto allegedly
means central intelligence, could it be?
It's the new thing you should
put your money into because:
innovation = good. But the majority of squirt
coiners don't actually own any digital currency; their wallets are kept
by large trading companies. They also aren't using it for private transactions.
So the knowledge one would need to do crypto correctly,
i.e. own your wallet, only use monero, use one address for each transaction, renders
it pointless because only a select few would gain from the benefits it brings while the
rest would give up whatever sliver of privacy they still had. Any efforts of making
things more convenient are either being used against us or are open sourced, both
of which are answering
How can we obtain value? when the question of
What is valuable?
must be answered first; the latter has been obfuscated to utter oblivion.
Valuables can be confiscated from you. That's why we supposively have the first and second amendments, they protect us from the government seizing our firearms or censoring the truth. United States Incorporated and the World Banks have confiscated all land, as land is the means of production making it the most valuable asset. So while people are distracted with crypto, NFTs, and Earth 2.0, the haves took the real thing. We've got it backwards: Invest in the physical, contemplate the immaterial.