Often in the heist movies the big prize is a pile of diamonds but as any jeweller knows, diamonds are pretty much worthless in the big scheme of things, although they will happily sell you an extremely overpriced one. Any investor knows why this is the case too, market manipulation.
The diamond market is a restricted market where the major companies, De beers being the largest, control the flow so as to maintain high prices. If they released all of their stores at once, the diamond market would plummet to zero. Other than sentimental value, diamonds are worthless other than their property as being hard. This is why they are not traded as a commodity, like gold, silver and... corn. Corn is on there but not diamonds? Yep.
So, why buy an overpriced wedding ring with a sliver of gold (that has value worth its weight) and a diamond that is worth its overrated impression? Not only that, even the impression of it is all just advertising fluff.
They say the ring should cost 3 months salary... seriously. Do marketing companies have no shame? Unless...
"Will you marry me?"
"Yes but, that ring looks like it is made from one pound of gold..."
"2! I got a raise!"
True Love.
I wonder when the ring will actually hold significant value? My wife takes hers off when she 'goes out with the girls...', but also when she does the dishes, goes to the gym or anything really at all. She leaves them all over the place also. But, but, I thought it was a symbol of our eternal love, you'd think that she would never take it off, especially since she forced me to buy platinum. She wanted that 'white gold' nonsense that has to be replated every year or two. I suppose she expects me to pay for life insurance also, "just in case"..pfff.
Perhaps there will come a time where instead of a ring, it will be an encrypted key with access to a joint portfolio.
"Will you marry me?"
"Let me check.. 0.5 BTC, 1 Eth, 200 Steem, 1000 Bitconnect?? I am sorry, I just can't trust you."
Really though, at this point, even with all of the FUD and risk involved, if one was going to buy a wedding ring it is likely much more valuable in the long-term to buy a silver ring for 40 dollars and use whatever was going to be spent on top to invest into a range of hold coins. Sure, some will likely fail but some could also go up significantly.
Think about it from a relationship standpoint though. For those of you who are married, how often do you look at the rings together (unless you are looking to pawn them for grocery money) with any real interest? Instead, each week on a Friday night, you could pour a couple glasses of wine, put on some chilled music and sit in front of the markets deciding what to buy and sell together.
It also makes breakups easier 'just in case'. As well as inheritance division.
"But, I wanted mum's wedding Monero."
"Too bad, she gave it to me."
"But, its going to moon so hard soon."
"No, you were given the EOS, you will keep the EOS."
"Stupid radical transparency... post for rewards nonsense..."
Just imagine, people thought white privilege is bad, just wait til crypto-privilege really takes hold. The curse that are the millenials is nothing, they are going to have children! Not only will they not be working and living off the parent's money, their parents didn't even do much for their wealth. They will be old money without anyone having lifted more than a mouse finger. Talk about entitlement issues.
I think the near- to mid-term future is shaping up to be a pretty hard time on relationships to be honest. Even now with all of the dating apps and fears of commitment it is breaking down. Soon, there will be robots and virtual cryptopartners to choose from and trade when tired of them. I wonder how it will all pan out as the transition from the traditional relationships move into the much less so.
Considering how far identity politics are taking things, I am guessing it is going to get a little freaky up in here at some point. How will the proverbial dinosaurs like myself cope in such an environment? With each generation, the speed of change quickens so what will the world really look like in 40 years from now?
Meh, with my non-augmented, still aging body, I am unlikely to see it anyway.
"Honey, will you hold my keys?"
"Yes! A million dollars times yes!"
I bet if instead of the date of our marriage her ring had a private key inscribed on the inside, she wouldn't leave it on the bathroom sink anymore. That is not true, my wife probably would still.
Taraz
[ a Steemit original ]