Tomorrow morn, you'll awaken.
If yesterday, you did not buy more cryptocoinz, then sorry to tell you, but you failed to make the world a better place. Despite whatever other good deeds you did.
Those come to naught without fair money.
In the 21st century, it's that plain.
Economists venerate fiat money/free market capitalism as if it is a tamed utility, an appliance, a deterministic formula.
Down on the street, the 99% 'feel' money as a means by which the system keeps the lottery-winning entitled 1%ers enshrined at the top, and the rest of us locked in as the 99%, Piketty's playthings with an oligarch's knee ever-pressed to our necks for decades at a stretch.
Capitalism is not an economic entity. Capitlism is a Darwinianly-fuelled breeding daemon that programmatically ensures a lucky 1% strata of winners.
A fairly mined privacy cryptocoin is your only chance not to be perpetually a reject animal in the locked zoo of vulture capitalism's byproduct.
Intelligent is not something you have; it's something you are.
Married is not something you have; it's something you are.
Cool is not something you have; it's something you are.
Cryptocurrency is not something you have; it's something you are.
Crypto is priced in value-oriented terms: 1 BTC = $xxxx USD 1 ETH = $xxxx ounces of gold
Crpyto ought be tracked in terms of:
- Minsky Moments avoided
- Weimar Republics avoided
- QE's avoided
- Bail-ins avoided
- Inflationary melt-ups avoided
Taleb's via negativa.
It's a good thing that decades/centuries of laws.....
- drink
- drugs
- gambling
- prostitution
- abortion
....have perma-banished these from human affairs and scrubbed these from our genome. Guess nations/states should now pass laws about crypto, too.
You studied at uni diligently and took it easy on the class A's.
You honed your job choices and groomed them into a career boosting chain.
You married well to ensure genetically advantaged crotch fruit (kids) sprung from your seeds.
Hard yards for decades. Solja.
...and then you anchored this hoarded bounty, your nut, in the fiat $USD, the most poxie, rat infested public park possible.
There's still time to get right with the Lord.
Run a full node, stake your attestations, grow your DAO.
Your grandkids will thank you.
Currently, 1 ETH = ~$240 fiat USD. This is a useless reference. We only glorify fiat $USD by doing this. Yuck.
We should instead reference 1 ETH to something useful, valuable.
Say, #grams of cocaine per ETH
e.g. 1 ETH = 3 grams of yayo,
or 1 ETH = 1 hour with a sweet hooker.
Cryptocurrency is just something we need in case the aliens don't land soon.
And even if they do come soon, I have no doubts they will happily spurn fiat $USD and accept ethers.
"The Market Can Remain Irrational Longer Than You Can Remain Solvent"
"The fiat dollar can remain bid longer than your blocks take to finalise"
"The central banks can remain printing longer than your DAO can stream tokens"
"The 1%ers can harvest your paycheque longer than you can remain a bonded serf"
Never underestimate the studpity of crowds, the greed of wealthy people nor the time it takes fat tails to smite the clueless.
me: mum, can I have a new bike please?
mum: no, we can't afford it
me: dad, can I have a new laptop please?
dad: no, we don't have money for that
me: how come, mum & dad, you can afford to renovate the kitchen, but apparently there's no money for me?
mum and dad: keynesianism! trickle down! no minimum wage! deficit cap! productivity accord! trade wars! Laffer Curve!
> you are being stooged, son
> UBI now.
my girlfriend: "who's strange g-string is this in your bag?"
me: "wasn't me"
my girlfriend: "my sista saw you last nite entering the brothel"
me: "wasn't me"
my girlfriend: "who is that girl at the door yelling that 'it's your foetus!'"
me: "wasn't me"
crypto OG's: "your fiat dollar is a Ponzi"
The Fed: "wasn't me"
crypto OG's: "your asset bubbles are leading to a Minsky Moment and are unsustainable"
The Fed: "wasn't me"
crypto OG's: "your banking system is a shameless RICO violation"
The Fed: "wasn't me"
Assumptions you have in 2020:
- aliens not arriving soon
- no WW III, normal service will be resumed post-COVID19
- people are mostly good/trustworthy/~same as you
- your money is safe in the bank
- the justice system still gets it right
- preppers are cute but misguided
Entropy increases. The universe is quantumly uncertain. The crowd is easily wrong. Get ready to have your assumptions come home to roost.
The mistake made in Garden of Eden was to forbid the fruit. Shoulda forbid the serpent instead.
Perhaps we crypto OG's might stop telling nocoiners that "fiat is evil" - perhaps this is just making them wonder why, and lust after such forbidden fruit.
Karens tell teenagers drugs are bad (serpent)
- result: teenagers wanna explore just why/how.
Crypto OG's should tell nocoiners: crypto gives you cancer. Crypto will suck your brains. Crypto will ruin your family. Crypto will give you the clap.
3D print your own guns.
Mine your own blocks.
Grow your own veggies.
Smoke your own weed.
Use a DAO when you need collective resource governance/decisioning. (Ostrom/tragedy of commons)
Simples.
Most times, that doberman sits obediently in the corner, and you are unconcerned.
Occasionally, he bites your head off, remembering his inner wolf.
Nations/States exist to exercise their teeth now and again. The wolf stirs.
Should we abide with wolves under same roofs?
1980: you work for fiat dollar bills
2010: you work for an EFT/wire into your account
2020: you don't work, job gone, thx SARS-COV-2
2021: you work only for coinz
2022: you retire rich, biatch!
keep stackin'.
Tesla > petrol engine car
epub, mobi > paperbacks
Spotify, flac > cassette recording off radio
3D printed synth-steak > food miles
cockroach, rat > T-Rex
People keep/collect fiat $100 bills as a nostalgia for the past, those will be extinct soon.
Keep stackin'. #Ethereum
In 2010, the world's peeps largely stayed 5,000 miles away from crypto.
In late 2017, the distance dropped to inches - many folk caught crypto fever.
Proximity matters -> so each coin is kinda a close cousin of SARS-COV-2.
Crypto / money is a socially communicable disease.
Hard core, legit physicists skool you: the future is inherently unpredictable, chaotic.
Markets and their price auctioning (BTC, ETH, S&P500 et al) pretend that you can price today - with certainty - what the future value of these items is.
Quanta everywhere laugh at that.
Do you remember - exactly - what was happenning on:
04 june 2019?
04 june 2018?
04 june 2017?
No? Me neither.
But I am 100% certain I shoulda bought more ETH each time.
The three great lies:
"The cheque's in the mail"
"I promise I won't cum in your mouth"
"Crypto will never replace fiat"
2020: "Wish I'd bought BTC in 2010 when it was $1"
2030: Wish I'd bought BTC in 2020 when it was $10K"
Maine Sen. Angus King: "Winston Churchill once famously observed that Americans will always do the right thing, only after they have tried everything else."
Following events today and then acting 'surprised, shocked!' at what unfolds betrays the absence of having read a sufficient kilotonnage of history books.
The weather changes; human foibleness is metastable.