Misery Business: Blockchain fixes this
Well I’m glad the weekend is here. Although, I got to work today it still feels nice to write on a Saturday morning. By the way Saturdays are by far my most favorite days of the week. It’s when I feel most creative.
Maybe it’s all those cartoons I ingested as a kid. Or the fact that Saturdays were my sports days. Who knows. Either way it will still remain as my most favorite days of the week. Which is why I’m also writing. :)
At any rate crypto is pushing back this week against the bears. Bitcoin is still looking to push through the $50,000 mark on it’s ascent to $100,000. If this occurs it will have a huge impact for the entire alt market. It will also provide a back drop for the legacy players to go all in on crypto.
Once Bitcoin hits this mark many large funds will begin piling into it. You would think they would be doing it right now. However, large fiat prices are what will attract huge capital inflows. And mark my words it will happen like clockwork.
Much of the legacy system is in disarray. Aside from the pandemic many business people are treading very carefully. With the threat of automation looming it’s best to follow the trends that are ahead of us. We already know that manual labor itself will become obsolete.
https://th.bing.com/th/id/R.2494a7501cf221aecaf7b50d68bda766?rik=0V5bvGzaS9z%2blA&riu=http%3a%2f%2fimages2.fanpop.com%2fimages%2fphotos%2f4100000%2fMisery-Business-paramore-4117756-640-348.jpg&ehk=RBVQ%2bnGbx5R8wZHB40%2fmEcZCQJQRZeR%2fcetch0ej73k%3d&risl=&pid=ImgRaw&r=0
Some businesses including those in retail refuse to adapt to change. Many are still holding on to a world that no longer exists. The debt based legacy system is built on the misery business model. Basically those at the top extract value from the rest of us.
And they create the debt with the stroke of a keyboard and put us all on a payment plan. Credit cards, mortgages, business lines of credit, etc. Yet, for all this debt the economy is still suffering. Or should I say “Main Street” is suffering.
You see those close to the Federal Reserve like our friends at BlackRock are buying everything tangible. And why not? If you have access to cheap credit (the average person does not) then it only seems wise to buy up all the real estate you can. And that is what BlackRock is doing.
Of course if you Google this you will get a different narrative. BlackRock is innocent (according to Google) in their quest to own everything while families are priced out of the market. But you can live the rest of your existence as a rent slave. Moral of the story: Don’t trust Google/BlackRock; think for yourself.
By the way housing may become virtually free in the future. Technology will fix this along with the abundance that blockchain creates. Modular/3d printing will help the people without the 30 year mortgage. Not to mention BlackRock may get called in to testify for their attempt to buy everything up. Bulls/Bears make money. But we all know what happens when you pig out. ;)
So there are a great deal of issues that we as a society face. At it’s core greed, money, and control are the plague of the legacy system. Hence, the reason I refer to it as misery business. It seems that someone is always in hoc to someone else.
Yet, blockchain is different. We will build more equity for people then the world has ever seen. Although, we may see some lending and borrowing tokenizing everything will virtually eliminate the necessity of debt. At it’s core debt can be very destructive.
It is also why I see a time where the legacy system will need a reorganization. In the old times this was referred to as a Jubilee. Yet, modern mankind has still not learned the wisdom that was bestowed to their forefathers. It’s a very easy fix yet some in the position of power don’t want to take the traditional haircut.
https://th.bing.com/th/id/R.8964671e743a2b9b8858d4d32e7a00ad?rik=%2fMDXbnn2eSytgw&riu=http%3a%2f%2fimages2.fanpop.com%2fimages%2fphotos%2f4100000%2fMisery-Business-paramore-4117769-640-348.jpg&ehk=3xK22qytQvUGVnV%2bizfJbx7%2fnfHyJVG3PHoVci1EkYE%3d&risl=&pid=ImgRaw&r=0
So instead things may get chaotic in the financial markets. My advice is to act accordingly. Blockchain is the safe boat for all things financial. And in the future don’t say I didn’t warn you.
