You will not see it coming
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on an ancient saying that presumed black swans did not exist – a saying that became reinterpreted to teach a different lesson after black swans were discovered in the wild. - Everipedia
It is odd that many pundits exclaim that this or that is a "Black Swan", such as the silent bank run currently going on in Italy, the end of the IBOR (Inter Bank Offer Rate) rate at the end of 2021 (the drop dead date all implodes if it hasn't already by a Black Swan), the dying Deutsche Bank with derivatives of mass destruction, or even the crash of the Dollar, Yen, Euro or Yuan.
But the idea or notion that this looming problem exists, precludes that it is a "Black Swan" as that is an unknown issue that surfaces to cause failure and chaos.
What to do (be optimistic)
How the hell is one to be optimistic under the weight of this coming chaos and financial mayhem? Well first understand there is only chaos when people are not prepared, like for the hurricane they wait to evacuate for, or the food supplies that instantly sell out (especially water), in times of distress. Prepare now and do not hesitate, do not pass GO the $200 has been leased out. There is a collapse a coming and you need to take measures before everyone else tries... there will be little left except violence and lack of all.
Once prepared, you are then primed (understanding what just happened) to take advantage and pick up properties, resources, land, tools, equipment, etc...all for very little out of your pocket. After the initial hermit-dom you will need to practice with supplies in hand, you will then use your Gold, Silver, Cryptos to amass even more tangible "Assets" not encumbered by "Debt".
In fact just recently in Argentina and Italy they "SOLVED" (optimistic, no?)... the debt problems of these countries with more debt... what could go wrong?
The Black Swan, will come from out of no where, with such speed that reaction will fail.
The Steemit and Steem Shield
Say the Black Swan lands and the ATM's and Banks close (as they did in Italy 5 years ago on my travels there), but this time it's longer with little hope some will re-open. People will exchange what cash they have for a while, then it will go to barter. Cryptos will begin to trade for services and supplies.... and Steem will be an answer. People will realize that the cryptos have trade value so they will seek them more to use, but with no money to buy them, what will they do?
They will join Steemit and begin mining their own supply... joining, posting, curating others as the community will take on a life of it's own, beyond what we have seen here so far. As the community begins to swell, new DAPs and DACs will appear using the self mining protocols of Steemit.
Will merchants accept Steem for their goods and services... maybe not right away, but with the growing community, self mining possibilities they will. As they will see the growth of the market, be able to add to their positions through authoring, curating and growing their own communities. In the meantime the transfer-ability to say LTC, will be an option, but in time direct market forces will take hold and Steem will be a barter instrument of choice.
Don't Doubt
And as we already have communities growing in several locations (European, Japanese, Korean, Eurasia, Africa, US and others), Steem does stand a chance to become a vast trade network. Keep building your community, your Steem, your skills in navigation and creation here as it may serve you well going forward.
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Good Health – Evan Pantazi
#Kyusho
Image Credit: abeforum
You have a minor grammatical mistake in the following sentence:
It should be its own instead of it's own.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Interesting process you have decided to adopt... but hey, I am always looking to improve.
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Wow! Great post @kyusho.
Good job!!
Thanks for sharing.
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So many try t predict the "Black Swan", but really the definition is that which is unexpected and unpredicted.
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good one
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