Sure no problem ask as many questions as you like. So some of the fallacies that come from our standard economy into crypto is that more value is created in cryptocurrency by rich people than the average investor. i think this video touches on those errors in great detail and will go a great distance and helping you understand some of the ideologies directly or indirectly brought to cryptocurrency.

https://www.youtube.com/watch?v=CKCvf8E7V1g&t=25s

So if you hear someone like Elon Musk invest a billion dollars and some whale enters the crypto market we automatically assume that's creating a ton of value to the space and that these people are thus more valuable. We have a similar problem here on hive. Where people come in invest in more hive power and gain more network influence. Now i fully understand why that happens and the idea behind it. However its based on some economic fallacies that have emptied over from the standard markets.

So i think what we do in cryptocurrency we go this is a market. Like a stockmarket. It's nothing like a stockmarket but we falsely believe that. So we feel the idea of an economy. When it's really more of an ecosystem. What does an ecosystem rely on? It relies on all the living things in its environment around it. It's no predicated on the actions of the individual but the actions of one can poision the environment and everyone fall victim to that.

So in cryptocurrency we see this play out in very low liquid markets. Someone does a big dump the prices fall. A big pump they rise we equate this to value. However the most important question should be what is the metric that measures what is true value to people.

So to illustrate what i mean like in the video. The false narrative is rich people create jobs and especially when taxes are reduced on them. However data shows otherwise. If that were true we'd have more jobs created than people can do. What is true is the rich get alot richer under our standard economy and the poor certainly have gotten alot poorer over the last 50 years or so.

No matter what metric you use you'd have to conclude that's not a good thing. For some reason our standard economy still is measuring it as a good thing lol. Cryptocurrency is doing an even similar thing if you read badbitches post. it's telling a narrative of how good crypto is making it.

However crypto distribution and any metric the community as a whole could measure as good is in fact not good. How could it be if the distribution of value is worse than our standard economy data wise. You have alot more poor people in crypto than you ever had in our standard economy ratio wise. You have a ton less hive stake holders than who control the most of the cryptocurrency than you've ever had.

Now the question may be asked how do i know that? Well you have to keep in mind that hive is a fork of steem and essentially the same system and same community always has been. The value of hive is many times less than it was years ago and it is now i believe like not even in the top 100 of coins but actually somehwere in the 200 range if i'm not mistaken.

To make teh determination that crypto is doing better. You would need metrics to balance out and tell that story. Now we could argue bitcoin and ethereum. However here's a dramatic issue with that. This time around its not retail investors owning al the bitcoin and ethereum but larger corporations.

That is a complete repeat of our standard economy and then opens up all the problems in association with it. The ripple in the water from crypto is alot more devastating than in our standard economy. This is an ecosystem so cryptocurrency using a standard economy model as to say the things we value in that economy won't work in this economy or ecosystem. It would be far worse results.

I could go on and on but i think you get the basics of what i'm saying. That is we may need to rethink what value is in cryptocurrency. Not just copy models from our standard economies.

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