Cash Rules Everything Around Me

in money •  6 years ago 

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The grind never ends. We live in a rat-race society where the majority of citizens are always looking to make an extra buck. No matter what we have, we want more. We live in scarcity.

Technology keeps getting better. Jobs are getting automated by machines, but none of that matters because only the top 0.1% reap the rewards of the distribution of wealth. Could you imagine what it would be like if we could just automate out the jobs that people hated and, instead of enslaving them to a new job, simply let them be free? What a revelation!

We can see the faint glimmers of hope of such a future in cryptocurrency. With decentralization and community consensus as it's core feature, perhaps a reality where people get paid to _____ is possible.

Think about it: how much work actually goes in to keeping us alive? Food, water, shelter. Do any of us have jobs in these areas? A few, but not many. 1%? 0.1%? Just a couple hundred years ago this percentage would have been massive. It's obvious that we should all be living better lives, but the greedy among us ruin everything and spread their greed like a cancer into the world.


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Steemit is a great microcosm example of the greed taking place in the rest of the world. We're supposed to honorably upvote the content that deserves upvoting. If everyone did this Steem would already be the #1 coin on the market cap. However, this idealistic view is not how things happen in the real world.

In the real world one greedy whale decides he wants short-term profits by any means necessary. He starts upvoting himself only. The other whales watch the greedy whale exploit the fledgling system and decide they are missing out on the action. They create bid-bots and start forcing users to "pay rent" on the broken trending tab to get exposure to the site. Their constant thought isn't about increasing the value of the platform for everyone; it's about leeching every last penny they can.


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Because of this, everyone suffers. Even the exploitative whales enslave themselves with invisible chains of greed. They lack innovation. They see the world through the eyes of relativity. They stand at the top of a pyramid when they could be flying around in a spaceship. They are blind to this fact and convince themselves that because they've got a better gig than everyone else they're in a good position. Nothing could be farther from the truth seeing as they are the biggest part of the problem. It doesn't help when the have-nots glorify this lottery of wealth and hope to one day ascend to the same corrupted position.


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You can't just hope that people will do the right thing. You have to force them, and if you can't force them you have to incentivize them. Negative reinforcement is inferior to positive reinforcement. Showering a whale with flags is much less productive them providing them with a platform that benefits everyone. However, the latter is much harder to accomplish and requires much more innovation and thought.

Progress is slow and people are impatient. How long have we been waiting for SMTs? We haven't even begun the process of waiting for innovation to hit the platform. We are still on hold watching at the foundation itself take shape. It's hard for many people to see the light at the end of the tunnel.


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Sometimes it easier to assume that what we want will never come to pass. No use in getting one's hopes up when the present looks so bleak. However, the way I see it, this new world that we so desire is bound to fall into place. Blockchain revolves around community consensus. Therefore, if you can find a community that wants the same things that you want, there is little reason that those ideals can't come into reality.

Pessimists will assume that purging the corruption of the world is impossible. After all, it's the corrupt who are in charge. They'll simply make whatever you're doing illegal. Right?

I'm not so sure. Did they try to make the printing press illegal? What about cars, planes, or the Internet itself? These are technologies that can't be made illegal because they are too useful. Cryptocurrency is even more valuable than these other technologies by several factors. Any country that bans smart money is going to catapult themselves back into the dark ages.

There is no evil elite cabal that controls the entire world. The players at the top turn on each other all the time. Greed is a constant that we can count on in the old world of corporate imperialism.

The banks can whine all they want. They are soon™ to become as obsolete as the printing press is to the Internet. Cryptocurrency is money. Politicians can be bought. Coinbase has already created a political action committee. Throw a little money at the greedy people in charge and this technology blasts off to the moon.

Dolla' dolla' bill yall.

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Think about it: how much work actually goes in to keeping us alive? Food, water, shelter. Do any of us have jobs in these areas? A few, but not many. 1%? 0.1%?

Food and water, not so many. Something like 3%.

Shelter is enormous business. Producing raw materials, importing materials and supplies, processing materials, construction, repairs, sales and marketing of shelter. It's a lot of people.

Here are some stats on the construction industry in the US:

https://www.bls.gov/iag/tgs/iag23.htm

On the whole though, you are right the cryptocurrency brings control of money back to the people. And that's a good thing. The old monetary system has been sucking them dry for over 100 years.

Cash is king. Unfortunately, it's currently fueling a broken economy. Using a disease to cure a disease.

So true, printing money is to the blockchain has the printing press is to the internet!

BTW you should make a post about SMT and your opinion, i always see people talking about SMT but i don't see that many posts explaining how and what they are and how they can affect the market cap...
The reason because the top guys won't ban cryptos is because they can get in with fiat at any time and rule the space... they can come in with 1 million and buy 1 million worth of the top100 cryptos and that won't even affect their wealth! They have thousands of millions! Billions!

É verdade

  ·  6 years ago (edited)

I have no idea how powerful SMTs will be. If they are as good as Ethereum smart contracts or better that will thrust us into the top 10 for sure. It could also just be all hype. No one seems to be talking about the specific functionality they can bring.

No one seems to be talking about anything, they just say SMT and everyone loses their composure... there is no ETA on their launch, there is nothing, that is why i'm a little concerned...

I'm not too worried about it. I think the Steem API is pretty good even without SMTs. We could be doing a lot more on this platform with a little creativity.

The problem is twofold. You mention the one where those with designs will get others to collude with them to use force to get the fruits of your sweat. The other part of that problem is all the spineless people who don't understand the power these evil goons get is due to their acquiescence. If at this moment everyone said fiat was worthless and flushed it down their toilet it would be worthless. But people seem to need their experts.

It will shape up just like everything else, those who brave the frontier will watch the farmers of men come behind them using their sheeple as a shield as they seek to take over ownership.

There are always going to be bad coins that people get tricked into using. Fedcoins will pop up like wildfire and attract the followers gullible enough to use them.

I'm extremely not worried about this outcome though. It's the good coins you have to look at. Can they rise up and show that a cooperative economy is superior to a competitive one? If not, it was all just hype to begin with.

Well we steemians really need to look into this.Really true

@edicted Your post was selected and voted by the curator @pataty69 project looking for excelent rewards on great content posts that can be followed on my trail at Steemauto.

  ·  6 years ago Reveal Comment