Very on point. I was just thinking about this this morning. People venerate and give the Warren Buffets of the world so much credit and say... when all they really know and care about is if people are still chewing bubblegum the same as they were 10 years ago.
I’m sorry... fundamental analysis (and my respect for that art and insight) aside... the world needs the likes of bright, young, new, hip, explorative minds. Not these old dusty ones that want to keep the fu$k!d up world exactly as it was in the 1900.
That’s why I recently read “The Bitcoin Standard”, “Zero to One”, and I’m now making my way through Jim Mckelvey’s book, “The Innovation Stack”. It’s entirely eye opening and has inspired me to continue building here on Hive.
Fu$k the establishments chortling. It won’t be long now until we hear them choking on their words and ways...
To my stock investing mentor... I’m sorry. About this... you are wrong. About stocks I grant you the wisdom you helped me see... but knowing what I knew... I also had to invest in this new fangled internet money. I can’t live with the regrets I know I’ll have... I only wish that you would see what I see... so that you don’t have your own regrets... but every man and woman must decide and then live with those calls and options.
If the world stays the way it, the warren buffets keep holding the major share of monetary value and stays in power. If the world changes, as cryptocurrency intends to....the value of their holding goes in one direction only - DOWN. And they don't wanna let that happen. But the inevitable can only be delayed.
We need more of this. More people need to realize no matter how much "charity" bill gates or warren buffet does, they really don't care about the common folks...we're on our own and we must make our own way! That's how the world has always worked and that is completely fine.
Yeah... I do agree with you. I was telling a friend that the time is coming (very soon) where we will all have to choose what side of the line in the sand we stand on. As soon as governments attempt to counter BTC with their own corrupt government crypto... that will signal this choice. Let’s hope that this is a choice... but likely there is going to be a price to pay for every choice that’s made... the choice for me will be easy but I know the price will not be easy to pay... at least not in the country (Canada) where I currently live. It may come to a decision... We all arrived here as immigrants... from worse off places in the world. The time May come were we will have to make those sorts of decisions once again... just like our grandparents did. Time will tell but both my eyes are open. How about yours?
I share the same sentiment. However, I do not think we'll see a government backed cryptocurrency. It does not make sense...it will essentially be like fiat banks with a fancy name.
It’s basically going to be a fake response to the actual and real world innovation that is Bitcoin. They will be forced to respond in kind... but because it is constructed by a centralized entity it won’t be able to compete with truly decentralized technology designed specifically to eat its breakfast, lunch, and supper money. But that doesn’t mean that they won’t try. They will try to sell us the sea shells on the sea shore. It will be up to us to be wiser than that... we may have to HODL tight to our bags for the next decade... or at least until the minds that have created our modern problems are removed and sidelined for being obsolete.