The recurring question that comes to mind - about all crypto , is where is the value?(minus maybe the top 10 as functional money transfer mechanisms, and the odd immutability advantage uses).
I'm not a techy, but I have been in business for long enough to understand the fundamentals of supply an demand. And the market always works.
Question: How much would it cost make a new crypto (by copying code - as in a h/fork?)
50 dollars? , $20,000, 2 million dollars?
The answers lie there...
I want crypto to work and bypassing banking, blah blah...but that doesn't change the reality of scarcity being intrinsically linked to value.
It seems more and more (to me), that lots of crypto (with it's inflationary models)
is too MMT-centric , for want of a better term (modern monetary theory) and not rooted in the basics.
What would I know? (jack shit when it comes to techy stuff - I only discovered powerpoint yesterday!! ffs... lol - psssst - And I'm not joking).
Sorry I gave wolf the credit for the top ten crypto reference. That was your point.
Hahaha nice honest write up man!
Your question of how much it would cost is what I identify as the greatest flaw and why big money will never classify this as a good investment. Forking seems like a good thing but name one mainstream big tech or big business that allows someone to come in and duplicate their product/operation?
NONE!
So that's why big money backs mainstream and sees no great value in crypto. Who on earth would see it as positive if you put x million into something.. then tomorrow it gets copied. That's the very thing that is driving the divide of China-Usa. That China lives by "fck your proprietary".
This is why this crypto game for the most part is a gambling operation. Gambling attracts money but no one would say gambling is an investment.
So naturally gamblers see forking as a positive. It's literally money out of thin air. Yeah that seems like a great thing but conversely it means that it can all just as easy go to zero. Which... the price of Hive is not too far off.
I don't see that changing.
Wolf correctly identified the top crypto as mechanisms of money so they have utility. The days of ICO fooled many into thinking ALTS too had future. "Fool me once, shame on you.." You know the rest.
IMO @blocktrades and co. will either steer the ship into better waters or will drive this bitch into a sinkhole.
But as wolf again identified, this might never fully sink so the game of fooling fools will exist as 'The Tragic Novela' that never damn ends!
I think @blocktrades has good intentions - but in the long run, - if the cost of replication is minimal - it won't matter.
The age of intellectual property /copyright will come to an end.
It's impossible to censor/own ideas, with digital technology. (the mega corps are just hanging on in desperation, to milk as much as possible before it all changes).
...freeing up that which binds us, will allow everyone to fly...
With all due respect, I think you're completely delusional.
Reason how corporations are "hanging on in desperation"?
When what is obvious for all to see is that their power is almost unchallenged.
Senate hearing essentially asking them for permission to look at their operations.
The pandemic seen them corporations increase immensely in profits.
Anyway those issues are beyond this here HIVE.
What I'm expressing is that there just isn't anything here that big money sees as appealing. Or else, the pandemic would have seen a flood of people coming here once they discovered the benefit of such a platform. Because in times of uncertainly people see security. That DIDN'T happen. Justin Sun was the only fool who tried to fool then got fooled by the fools who play the game of fooling.
So IMO, this is HIVE in a sentence:
"Attract more fools.. but not fools with big money... or we need to fork the fuck out again.."
ME: 1995 - "the internet is gonna be the next biggest leap since the wheel"
You're delusional.
ME:2005 " There is gonna be new currency based online that will change everything"
you're delusional
Me:2015 " i dunno what it's gonna be, but there will be a communist push , via a big false flag - for one world government (as the dollar collapses).
It will be something so big that it'll make the world population live in fear of their governments.
you're delusional
So I take no offence, matey!lol..
LOL WTF you're expecting me to know your life?
I'm simply referring to your statement posted here.
That's a tad egotistical of you to do that "this is my life" rebuttal.
Furthermore it was you that diverted to that claim that we as a collective are headed to the promised land where intellectual property loses it's power.
My point was simply about how HIVE has tanked and will not ever recover.
To entertain your 2005 point though.
COMMUNISM is on the rise yeah I completely agree with that.
YET when did communism actually work for the people? NEVER.
CHINA has championed the perfect model (not for the people) and the West are envious of that global dominance they achieved, all while keeping their mass population obedient. AND with the technology of the modern day, are also able to manage and manipulate the economies that those masses are consumers of.
SMART CITIES is that future that CHINA already command. The WEST, again, salivating to have such a perfect system of profit seeking and population control.
Your point also grants governments power and above gov is CORP. ALL THIS is plain as day to see. A recent senate enquiry into these tech giants an embarrassing show of who is really in control. This is why I really would like to know, how the hell does that lead to the perfect world of equality you professed?
MMmmmm....I never said a perfect world of equality - equality doesn't exist.
Communism is cancer.
I'm simply referring to your statement posted here.
That's a tad egotistical of you to do that "this is my life" rebuttal.
I was pointing out being called delusional is fine.
Furthermore it was you that diverted to that claim that we as a collective are headed to the promised land where intellectual property loses it's power.
I never mentioned any collective. I said copyright was dead in the digital age, just the powers that be don't recognize it yet.
(think horse drawn carriages and cars)
Copyright is cancer - it inhibits others from improving on what is.
It's anti meritocratic and controlling.
OK the delusional label was harsh I don't think you are now.
You do think critically but your memory let's you down.
Your first reply you ended with
"...freeing up that which binds us, will allow everyone to fly..."
If that isn't a commie slogan then..?
Specially after you claimed that intellectual property has no future.
So you essentially paint the world I referred to as "promised land" where there is no system of hireachy like the one now.
Your example of horse into cars isn't a collapse of ownership though. It's just a new overlord enter the game.
Which is again the same system that now has tech heads be the wealthiest and most powerful. Dead Eye Bezos the DR EVIL of our time.
This all still stays on my point that the system isn't collapsing. Just the power has shifted. Corporations just like the days of railroads and into industrialisation are still the heavy hitters that command government policy and economic systems of the world. Which, we as the people exist as the machine that drives it all.
The world now for example. Is in a shift into the digital age where DATA is the value. MONEY isn't even important anymore. The shift to have all humans be identified on those digital systems is the goal with these lockdowns forcing businesses to either adapt or die.
Humans once all recognised as digital entities are then very easy to manage, manipulate, and even DELETE. A thing which is not hyperbole. It's the system already in CHINA and as I said earlier. It's what the rest of the world want to implement.
Yeah there is clear resistance. The rise in Germany is organic for the most part. So maybe Europe, the place that for some time is considered fallen, might just be where a true revolution arises. They do have their history of them.
In USA however, it's FALL (and possibly burn to ashes) regardless of who is elected. I mean, you yourself see it as a positive that the downing of monuments of yesteryear is a good thing.