JimProfit Site Admin
Posts: 5
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Posted: 26 Jun 2023 02:28 | |
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Crypto is going to be the norm in a few years, but not in the way most think. I cannot say if etherium, doge, bitcoin will be the common currency. But I can describe to you a future ruled by colored dots on a monitor. Pink dots, blue dots, red dots.
Their prices going up and down as they please. Today, you can buy a loaf of bread for two pink dots or five blue dots, tomorrow it costs six pink dots or one blue dot. Next month twenty pink dots, still one blue dot, or three black dots.
The lower class actually has bargaining power without the need for unions. Unions would actually get in the way of the individual to settle with their employer what dots they want to be paid with and gamble upon.
The entire economy is speculative. Rich and poor do not matter. It's a bull-rush market constantly where you go in fast and hard, hoping for the best. Inflation is impossible because it's RNG. All that matters is now.
And the socialist in people will cry for stability. They'll proclaim their livelihood is at stake when things would be better and freer than ever before over some nationally minted controlled fiat. But I'm sure the government would manage a few regulations I'd be okay with.
Market caps
The dot can only change so much, so fast. That, or at the very least, buyers/sellers must stick to their word. If I bought some Pokemon cards for 20 black dots and now the worth of black dots has tripled, I already made the transaction and cannot sue or reclaim legally my black dots. They're gone just like our other black dot hero George Floyd.
Who is John Galt?
Who owns the dots? Is each colored dot owned by a respective country or some sort of powerful shareholder like the federal reserve? I'd say the dots themselves are centralized apparatuses without an owner. The only banks are the ones transitioning and recording the dots placement. But no-one decides the worth of the dot or when the dots stop. They couldn't even if they wanted too. The government may try to ban the use of certain color dots or restrict their usage down to so often a day or whatever to vaguely attempt to control market prices. But they will fail, as socialism always does. But they can try. It'll be quaint to see.
What are the dots backed by? Nothing.
Who made the dots? Fuck if I know. Some guy probably with a terabyte of CP on their hard-drive.
Who benefits from the dots? Everyone and no-one.
It's all inherently meaningless.
Life is inherently meaningless.
Buy my NFTs anyway. |
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