Why crypto will never replace the existing system

Mendocino current population: 87, 628 (July 2016)
under 18 years old: 21.7%
Over 65 years old: 25.6%

Households: 34, 594
median household income: 43, 510

(US census bureau, 2016.)

$34 594 x 43 510 = $1.5B total income in Mendocino county.
However. 21.7% are under 18 and 25.6% are over 65.
21.7% of 87 628 + 25.6% of 87 628 = 41 448 not paying any taxes.
= 46 179 tax payers (potentially).

If 46k individual taxpayers produce 1.5B, then each earned about $32 500.
(Who in California can live a whole household on 32k?)

But wait. There's more.

My estimate: there are 60% of the people earning within a standard deviation of that rate, and they pay somewhere near 10% in income tax and maybe 5% in sales tax. The 20% above the average is paying closer to 30% in taxes and 5% in sales tax, the bottom 20% is paying no income tax and 5% sales tax. And I'm going to assume that no one saved a dime.

If total revenue is 1.5 B, 60% of the people account for 2/3 (900M), and 20% for 1/3 = 600M

60% of 46 000 = 27 600 @ 15% = 27 600 x 32 500 x .15 = 900M @ 15% = $135M
20% of 46 000 = 600M /9 200 = 66 100 (average income for top 20% of mendo wage earners) x 35% = 23k x 9200 = $212M
20% @ 0.

= $350M in total tax revenue (if everyone actually pays their taxes)

If 22M (out of 236M total) work for the federal local and state governments, then in mendo has 8200 government staffers.

Federal staffers make 50% more than their civilian counterparts, (links everywhere) so if the average income in mendo is 32500, then the average government staffer makes $48 750 x 8200 = $400M

Based on US government statistics, Mendocino is already in the red by 50 million dollars per year, and that is merely paying existing staff. That doesn't include pensions, welfare, schools, missiles for syraq, fire trucks, muh roads...If we estimate that staff represents half the cost of government, then mendo is losing around 500 million a year (or almost double what it would collect, if everyone actually paid their taxes) and government is probably spending less than half on staff. Just looking at their truck fleet for road repair is way beyond the cost of the guys driving them, let alone the engineered beams and concrete itself.

If money was real, there is literally no chance that mendocino could survive in its current state economically. Keep in mind, I glossed over the entire pension fiasco, all interest paid to any debt, the entire MIC (save a few salaries) and all obombacare expenditures, all foreign subsidies, and the entire FEMA money pit that just arrived to help with fires.

If mendo can't even come close to breaking even, with world class wine exports, weed, tourism and incredibly high property values, then who can? How could mendocino not be in the top couple counties nationally? Or maybe it is and everyone else is losing even more money somehow. After three years of mobile photography, we picked mendo because we thought it was one of the elite few counties we found.

So maybe no county can even come close to breaking even, but collectively they can represent the most powerful nation on the earth? As. if.

Incontrovertible facts:

The biggest problem for the cabal is that blockchain cannot be inflated. They cannot create funds, block chain governments would actually have to balance their books, they'd have their expenses exposed, and if money in would need to equal money out, the government would need to trim more than 66% of its total expenditures. Then (because about 3000 of the top wage earners would be suddenly unemployed) with the inevitable crash in real estate value, the property tax revenue would plummet, forcing the government to trim further. So what say you? To break even, mendo would need to trim 80% of government spending then maybe there would be a chance?

What am I missing? If I'm close to right, then we're not even close to being able to run a balanced open book governmental system. not. even. remotely. close.

If blockchain is planning to replace government currency, who will maintain the electrical grid?

You see where I'm going with this.

Central bankers are freaked out because they cannot be exposed to open books, or it just needs to be accepted that some group is able to create money, and the rest of the group is not. (totalitarianism).

Either way, there is no possible crypto spending power long term future. But then after this debacle settles down, the idea of open book keeping will likely never leave, and similarly, maybe humanity will finally figure out to be done with fiat currency. I mean, its only decimated economies now what, ten or twenty times?

I love the idea of blockchain, I've put in a ton of effort into this blog, and then I realized that I need 104 weeks to get the value out of the wallet. Who pays hosting? Who stores my photos? Its all free? And I get a couple hundred bucks eventually?

Show me what I'm missing.

Its also disconcerting to see really mediocre posts getting 50 bucks while posts with 10x the effort get .08. Makes me think there is a game played that me and others are simply not playing. i've seen four really great photographers quit. The guy from NYC is the one I really wish would come back. I still follow, hoping. But now my feed is getting plugged with noise from resteemers and people that post quantity over quality. (Canadians, mostly. Its like the educational system was designed to encourage that, and they bought right in.)

Convince me that crypto can replace government. Convince me that steemit isn't some insider circle jerk. Make me really want to put up original content for steemit (instead of images we sold ages ago.)

If I really have 100 followers, maybe how about even two of you comment like you actually read the post? (I say two because I know foovler is reading along. Love you bro. You should come to cali. We can put all 3 of you up.)

We've come a long way from the campground in Olympia. I'm wondering how much ends up getting shared here.
EOS anyone?