RE: Enter the Tokenized World: A Newbie's Guide to Understanding the Future!

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Enter the Tokenized World: A Newbie's Guide to Understanding the Future!

in steemit •  7 years ago  (edited)

Fully agree with you and I have just two comments: (i) you said that “The Middle Men add no value” but that is perhaps a little unfair to those poor guys... sometimes they did a good work by making stuff available and they fully justifyed their existence because they were the lesser evil as you said… However, things can be different now (math can do the their work) and I think you hit the bull?s eye by saying that “this new tokenized world will bring the downfall of the middle men” and that “We don't need them anymore”. That’s it! (ii) you mentioned “artificial ways to create wealth by inflation and other dirty tricks”; fully agree once again but one should agnowledge that inflation don’t´ create wealth... instead it only liberates wealth from pre-existent wealth (!) and therefore it is just another kind of speculation. Indeed, one of the most important political-economic dichotomies of our days is "speculation versus production" (two other very important choices are between "closed or open" and "centralized or decentralized"). Unfortunately, traditional money has settled down to the former and I think we should program crypto for the latter to prevail!

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Well said!
Upvoted it to the top so others can read it!