Your fiat currency (USD/EUR/etc) has a value system. Do you know what it is? Do you know whether you agree with that value system or not? What happens to you if you disagree? How do you get your needs for food, shelter, and other necessities of life met if you don't want to serve the value system behind your nation's currency?
In the video below, I share one of the many reasons I love cryptocurrency so much, which is that it allows us to prosper by supporting systems of value that mean something to us. Each cryptocurrency project is basically its own system of value.
Maybe the value is for "unbanking the banked" (Omisego OMG). Or maybe it is for protecting copyrights of photographers (Copytrack CPY). Or maybe it's something related to fostering more use of renewable energy, or an internet no government can censor, or, or, or....
Now I'm no expert on cryptocurrency. I'm a business consultant by trade, so I know how to evaluate a business idea and the team behind it pretty well. I'm also someone who has been dedicated to trying to uplift and improve the lives of others ever since I was a teenager. So when I look at crypto, I look at it from the viewpoint of someone looking to see how well I think the technology will solve a problem that I value seeing solved.
I call it "values-based crypto investing." At the end of the video where you here me refer to joining me in conversation on the topic, I'm talking about a social media group I have called Conscious Crypto for Beginners and also a YouTube channel I started recently called Conscious Crypto with Indigo. Rather than trying to be an expert on crypto, which I definitely am NOT, I seek to be the organizer of a conversation that needs to be had.
I think that it's wonderful that so many people are making so much money with crypto, and without having to serve the interests of powers they may not want to further empower. But I think that aims too low.
I want to invite you into conversation with me right here on Steemit as we aim a little higher. Let's get out of the scarcity mentality we've been trained to have that says we have to make a buck wherever we can. That values-based investing is an indulgence only the rich can afford. Let's start realizing that the entire market is trending upward, and that we can actually make money among hundreds of different options.
If you really know that, if you can feel it in your bones, what ideas would you choose to make your profits on? What new idea creating an effect in this world would you love to support and have bring you great financial well-being in return?
Resteems always welcomed
I like your post :)
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I'm glad you do. Happy to share it with you.
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Hello @indigoocean. I love your post on cryptocurrency. It is the next generation market. Please, send the link to your videos on this topic. Nice post
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Thank you. Glad to here it resonates with you. I will update the post with a link (good idea). For your quick ref though, here is my channel on YT https://www.youtube.com/channel/UCysPShr8hlc5vJKul3Onnkw
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Okay. Thanks @indigoocean. Nice smiles
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Thanks. Also, just followed you. Nice to "meet" you.
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You are welcome. It is my pleasure
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Hello @indigoocean. How are you? I hope fine. Please i really need your assistance. My friend wants to buy a bitcoin worth of 1500 usd and I don't know much about it. Could you please assist? Thanks. I hope to hear from you soon
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Its great how you bring out the value proposition part of cryptocurrency, it's really not about the token itself but rather what it's trying to solve.
Sometime back I was having a discussion with a friend on how the technology behind cryptocurrencies (blockchain/DLTs) can help solve problems such as hunger, help fight climate change etc.(On my blog I have a post on how blockchain can help exploited women trading in fish @cmbugua).
Cryptocurrencies is a way to reward those people supporting causes that help solve real problems and good thing is, it's open to all not to not a privy few.
The business valuation concept you are using to evaluate crypto is a neat idea really outside the box. All the best and SteemOn!
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You are speaking my language! Yes, there is so much more available for us within the promise of crypto than a lot of people are bothering to tap into. Let's keep spreading the word!
... just followed you
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Love this post, @indigoocean - thank you for writing it! Deeply insightful, it captures some of the things I believe, know, and feel at an intuitive level, and which also make clear rational sense to me. Scarcity (scare-city) is a fear-based worldview that is perpetuated by certain interests and forces. But there is an underlying reality of abundance, which includes our values, knowledge, talents, and ability to act! And if we find or create crypto-systems that represent and channel this value with integrity, we can “do well by doing good”!
I’m looking forward to more of your content and to conversing further on these topics!
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"We can do well by doing good." Spot on! Just followed you.
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Good post of cryptocurrency investment. By the way suggest me some good coins to invest. Follow me @abdulemarketer
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Glad you liked it. I try not to suggest coins to people, but rather show how one effectively evaluates coins for themselves according to both market fundamentals (likelihood for price appreciation) and values alignment. Most of the videos on the Conscious Crypto YouTube channel show that method, as I apply it to different coins, but just because I review a coin with that "rubric" doesn't mean I recommend it. My recommendation is really that everyone do a thorough evaluation of coins they are thinking about buying before they buy them so that they are happy to have the coins "karma" attached to their own.
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Great post
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Thank you.
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Interesting
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Nice post‼️ I like your way of thinking out If the box we were all Born in 🤦🏾♂️😃
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Thank you. Yes, we can get so much more out of it once we see so much more in it.
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🙂🤞🏾📈🚀♻️
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Thank you for contributing to this conversation which is why a lot of us are so excited about Steem!
I will resteem this soon and found it in the discord chat!
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Oh yay! I'm so glad to hear you liked it. And thanks in advance for the resteem too. Have a great weekend.
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Oh, you are already getting attention from Steemit-Superstars like @jerrybanfield 😀I guess, there will be soon nothing left that I can teach you about this platform and then I'll ask you for advice! 🙏
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LOL, if only! But Jerry is how I found Steemit, so I interact with a lot of his stuff. I always heard of Steemit in the context that it was like Reddit and I never really found a community on there. But Jerry shared content on Youtube that made me see Steemit differently. Then I quickly found you after joining, and this confirmed that there is a community here I can be a part of. I definitely participate in a lot of Jerry's stuff.
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I totally get that - I am not sure, if I even have a Reddit account 😀
I think, Jerry does a great job in promoting and bringing in people to the blockchain.
Hey, he did so with you and if this would be his only job, he did it perfectly right!
So good to have you here and a big thank you to Jerry and his not-so-evilbot-twin! 😀
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Aloha @indigoocean ,
Thank you for sharing! This is great, glad you could break it down in a way that is very easily understandable to new comers. great job!
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Thank you. I had to justify crypto to a skeptical friend who is really into socially conscious investing and this was the way that finally got through to her, so I decided to share it with others too.
Btw, are you in HI? I lived on Maui for 5 years. Had some incredible experiences there. Love the place and hope to some day live there again, though I'm not sure which island next time.
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Wonderful conversation!!! Great effort here on the blockchain 💚💙💜💖
Forward thinking!!!
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Thank you. I'm so glad to hear it resonates with you. This is the conversation I would love us all to engage in more when we talk about coins. Not just "when will it moon."
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This post has received a 1.87 % upvote from @boomerang thanks to: @indigoocean
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Ah, I'm seeing now how that works. Interesting.
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Fantastic post and video. I have a made a new friend. I am resteeming.
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Yes, we are definitely steem friends now! Great to connect with you. I love your writing also.
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Aww you are so sweet. Let's help each other to rise through this platform and do some good my dear. please do keep in touch.
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Nice example/explanation for ICO's
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Thank you. I had to break it down like this to get a skeptical friend of mine to understand it. Once I saw it got the idea across to her, I decided to share it with others, so made this video :)
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Thank you indigoocean for making a transfer to me for an upvote of 1.32% on this post!
Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!
The other half helps holders of Steem power earn about 60% APR on a delegation to me!
For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?
To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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That's a cool way of doing it. I'm glad to support what you're doing. I found Steemit through you and your material has helped me a lot getting started.
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hehe It's funny, because above comment is from Jerrys bot. Speaking about bots... or better: speaking with bots seems a lovely way to train our spiritual muscle. To all the chicken, mouse and Jerrys out there we say: I love you! 😀
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LOL! I'm such a newbie!
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I share the same opinion. Value is relative and crypto helps you place value on things you feel should have value.
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Yes. So many times people forget the whole idea of what the crypto project actually does and get lost in only the price movements. What a missed opportunity!
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I remember thinking some time ago about the whole scarcity thing. Like you said we have been trained to think of everything as scarce when nature itself shows us that everything is in abundance. Pretty much anything that we think can run out can be renewed.
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So true. It serves the powers that be to keep people believing in scarcity because people are more easily controlled when you can keep them fighting against each other all the time. The more we know our abundance, the more we make decisions and spot opportunities consistent with that, which is what creates it in our lived experience.
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Brilliant! Very thoughtfully made video. Your idea of evaluating (your concept) cryptos is so simplified that even someone like me could understand. You are one brilliant person. Thank you.
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Oh, thank you so much. Glad it was helpful. Have a great weekend.
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Yes the velue of ideas is very important, because a lot of people have a lot of good idea and nobody care about them, people care just about famous people even if they don't give any value to the community. I have a lot of idea for steemit and I want to improve them but because I am not so that famous or I am not earning that much, I don't find the needed support for it, for example I have this idea and I've found just 3 people who supported me, I hope I will find more people to support it : Steemcoin.
Any good idea have to be improved and if someone will create such coin I think it will be very veluable and it will grow very fast, I am not a developer, but if I'll find a good developer I will propose a lot of ideas, and it's my dream to create my own coin and to improve it.
Thanks for making me and other people think. ☺
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Very good point. So many people in crypto aren't thinking about the value of the idea. They're looking at what is going to "moon" or "lambo." Or they follow a certain famous CEO. Track records do provide useful information, but by itself it shouldn't be enough. The value of the idea is where we have the greatest opportunity, because at least some financial profit is going to come from much of the market.
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This is an awesome video and in fact the best description of cryptocurrency I ever heard - sorry for responding so late - I will gladly resteem it!
Just a quick tip: Do your postings with 50/50 payout and not 100% SteemPower. The reason being, that SBD is actually only worth 1USD, but is traded for $5+ at the moment (for reasons no one really knows). You can always convert your SBD for Steem or SP later and get more of it in the end. So as long as SBD is traded for more than $1 you are better off with the 50/50 payout option.
Thank you @indigoocean and I have to check out all your other stuff as soon as possible. You rock!
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Good to know! I'll change that from here on out. Thanks so much.
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Wonderful! Lovely Vibe.
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<3
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@indigoocean great post and video... Values and their evolution through time are something that I am keen to watch and experience as they unfold. How that influences the 'free' is going to be interesting...
I'm heading over to follow you on YT as well!!
Peace
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Yes, this aspect of the evolution of crypto is something I'm also watching (and trying to encourage). I hope the idea of going for more than quick profits gains traction, at least with a large portion of the market. There are always going to be people who only want to hear about lambos and moons.
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