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RE: How does one make a lot of money?

I agree that communism doesn't scale. Communism works great at the family level. Parents earn income and take care of the young by ensuring that their needs are met. But, you still have a couple of authority figures making decisions.

As you scale up, these allocation decisions become more complex. These allocations will have frequent instances where they are mistaken. But, this is to be expected. A 1% error rate seems small, unless it's at the scale of millions or billions. When we are talking about millions of people and hundreds of thousands of products, the number of combinations is mind-boggling. You can't central plan your way out of a paper bag at that scale. You're going to mess a lot of people up every time you make a mistake.

I think this is where capitalism, with its flaws, works to allocate things somewhat effectively.

We would need a sliding scale of capitalism at the global level and more communism towards the individual level.

On HIVE, I think we still rely on micro slavery. We are depending on others to post so that we can curate. And, we rely on curators to earn from our posts. We are, effectively, selling content that others consume.

I think that the main difference is that we have the opportunity to earn equity on the blockchain. It seems that equity is what creates billionaires, which takes the shape of stock ownership. Early hodlers in BTC and ETH, for example, are sitting pretty even at today's prices.

In traditional markets, we get paid in cash and are left to figure out how to buy equity. The wealthy, sell equity. As you buy more and more stocks, driving up the price, they issue themselves more equity.

On HIVE, we earn equity and cash (HBD). And, as we post, we create more of both. As our accounts grow, it gets easier to earn.

Posted Using LeoFinance Beta