RE: Cryptocurrency Staking Will Accelerate The Time Price Of Resources

All of this flies in the face of what we hear from politicians, gold bugs, and the talking heads on networks such as CNBC.

Even gold bugs are included. 😆

Most are aware that one of the keys to wealth is to "put money to work". From this perspective, one of the easiest avenues for this is staking cryptocurrency. This is especially true if the coins or tokens were the result of rewards for some type of activity performed. The incentive based model is very powerful.

The idea of staking is still very young for me. I only learned about this a year ago when I unintentionally stumbled upon Hive via Splinterlands. At first, I was clueless about the meaning of the term. All I know about the financial market is trading stocks. Since the time Hive caught my attention, I lost interest in the equity market. I only hold just one stock in the telecom sector.

Most of us naturally compare ourselves to people like Musk and others. This does not but breed resentment and anger. The reality is, with the exception of a few countries, you are light years ahead of your ancestors, even going back a few generations. Anyone reading these works obviously has the ability to engage via the Internet, something that did not exist for the majority of the world in 1980.

But many intellectuals would sentimentalize the past arguing that the old days were far better than what we have now.

Our population, globally, increased by 75% yet our abundance of resources is up over 300%, a total of over 600%.

This reminds me of this quote from the book The Anticapitalistic Mentality:

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and the better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system (p. 5).

!CTP

!LUV

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