I've often claimed that humanity is itself a bubble (in evolution and the ecosphere) but people have a hard time understanding what I mean, human awareness has more limits than its hubris.
So let's say that human economy is a bubble without intrinsic value. It's a process that turns natural resources (everything from crude oil to life forms including humans) into assets they haggle about and sell each other to gain higher status and property inside the human societal hierarchy.
There is NO intrinsic value in ANY of this, as you can easily prove while watching how rich societies always decline and the biosphere suffers very badly and is now actually facing extinction.
Still we are delusional enough to focus on detail questions about which asset is more real or valuable by making comparisons like "can we touch it or eat it?" to determine its intrinsic value. THERE IS NONE in things we cannot eat, and water beats that anytime. If"world economy" which is not world but only human economy, broke down I would not buy gold but stock our basement with vodka which would likely be a sought after trading item in breakdown times...
Why am I saying all this ? Because only petty human psychology determines the value of any asset, and as long as many agree crypto is a valuable alternative, and it is as long as the technology is working, it will be exactly that.
Pundits on this network as well as youtube, ae motivated by three things, a) money (they will not be the most successful elsewhere) b) influencing. Why people would want to influence others may have personal and other reasons,
I've often claimed that humanity is itself a bubble (in evolution and the ecosphere) but people have a hard time understanding what I mean, human awareness has more limits than its hubris.
So let's say that human economy is a bubble without intrinsic value. It's a process that turns natural resources (everything from crude oil to life forms including humans) into assets they haggle about and sell each other to gain higher status and property inside the human societal hierarchy.
There is NO intrinsic value in ANY of this, as you can easily prove while watching how rich societies always decline and the biosphere suffers very badly and is now actually facing extinction.
Still we are delusional enough to focus on detail questions about which asset is more real or valuable by making comparisons like "can we touch it or eat it?" to determine its intrinsic value. THERE IS NONE in things we cannot eat, and water beats that anytime. If"world economy" which is not world but only human economy, broke down I would not buy gold but stock our basement with vodka which would likely be a sought after trading item in breakdown times...
Why am I saying all this ? Because only petty human psychology determines the value of any asset, and as long as many agree crypto is a valuable alternative, and it is as long as the technology is working, it will be exactly that.
Pundits on this network as well as youtube, ae motivated by three things, a) money (they will not be the most successful elsewhere) b) influencing. Why people would want to influence others may have personal and other reasons,