Spring 2022 is upon us. Hope everyone has survived the crypto reversion of everything including Bitcoin. It’s been tough sledding for most since the Fed seems hell bent on talking down everything. Unfortunately, since most crypto is priced in fiat (crypto’s greatest weakness) they are taking us for a ride.
I’ve been slowing starting to accumulate once again after my quick move into fiat. Not by choice however since some bills had to be paid over the last 3 months. Yet, I’m still hodling some of my core positions because well F that. I still subscribe to the my contention of fiat reset theory.
Of course time will tell but I see no way the legacy system will survive in it’s present form. I could be wrong but I think either the old farts reconfigure the entire monetary system or MR. Market does it for them. Either way be careful what your holding when the music stops.
Hopefully the general global population realizes that we need a better financial system. A system where the people are in control as opposed to an unelected group of people who could give two shits about you. Many of these people simply have too much power. It’s time for that to change.
Obviously it won’t be easy. Just looking right now at the fiat price volatility of crypto you see the attempt to create a narrative of blockchain/legacy system casualty. This narrative couldn’t be further from the truth. Two separate systems people.
Which is why I say pricing crypto in fiat is cryptos greatest weakness. It’s akin to giving blockchain currencies fiat herpes. Of course many would argue what else can we price crypto in?? Well maybe just in Bitcoin?? Or perhaps another scarce crypto pair??
Maybe the message will be received if/when the great reset occurs. Bitcoin @ $1million sounds nice unless of course the Fed note has been cancelled or zeros loped off. Don’t say I didn’t warn you because history is riddled with these type of events.
At any rate back to Hive. I’ve been lurking these past few months but not writing. Been noticing I have a lot to catch up on. Looks like a great deal of development occurring which is good. Love the earn mechanisms in place.
Play 2 earn mechanisms are so important to the future development of crypto. Hopefully people start to realize it isn’t about the financial gambling bullshit that most are so obsessed with. Rather, it’s really about earning that crypto. The investing mechanism is so Legacy economy.
We have to focus on abundance but with new rules. We already have a shit financial system. Why create two shit systems that mirror each other? Hopefully people start to wake up to this notion.