Tenants of Mainstream Adoption

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The market is looking extremely weak right now, and it feels like a crash to the feeble $15250 support is imminent. My only hope is that by the end of the month in 4 days the price of Bitcoin is above $14k, setting a new all time high. It's somewhat surprising how much faith traders will put in arbitrary price points like that, but then again markets are all psychology anyway.

Speculation is pointless

Rather than focus on what may or may not happen in the immediate short-term, I'd rather focus on what I believe is bound to happen in the future.

librabitcointrojanhorseadoption.jpg

So apparently Libra is launching in January?

What a surprising development... further pointing to the idea that this market may peak Jan 20th... oh there I go speculating again.

COVID

Many are worried that Thanksgiving is going to spike COVID cases. Seems likely even if you think COVID is a total hoax. The question is, will such news boost risk-on hedges like crypto and gold or wreck the stock market so much that everything tanks? Don't know, don't care.

Back to Libra

It can only bring money into the cryptophere, same with CBDCs. The crypto market is so small there is no way for these services to leech from it; quite the opposite, centralized crypto only makes the space more relevant and legitimate in the eyes of the world. Just like every data breach makes privacy and security more relevant to less technologically knowledgeable people.


Speaking of literacy, I'm still extremely annoyed that Hive users think they know what's best for this network. Bitcoin go up, Hive stay flat, now everyone is an expert on tokenomics and why Hive is broken. Hive is not broken, everything is fine, and demanding that the system modify 8% inflation so that price can go +10000% is absolute nonsense. Wait for the whales to stop dumping. End of story.


The crypto revolution isn't about investing or making money by hoping someone will pay more than we did. This is about governance and economics. We need society and the establishment to actually value its citizens and pay them fairly for services rendered.

This 'investing' phase of crypto is largely irrelevant. Success of these networks has nothing to do with investors and everything to do with closed-loop systems that create and recycle value from within. Money pumped in from the outside is just an added bonus to catalyze & bootstrap the system.

Speaking of venture capitalism.

Have you seen this? My adblock randomly turned itself off trying to get me to pay for premium service. This was the first ad YouTube threw at me. Ah, YouTube, you know me so well, perhaps it's time to delete my cookies.

Let me guess, you were too busy to watch this ad.
Just like you were too buy to invest in Bitcoin or Ethereum.

Wow, Alec, you've got my attention!

A 90 second commercial about crypto investing crypto via Etoro... hm.

... News feed... it's like your social media feed if your social media feed had things that ACTUALLY MATTERED.

And then he straight up busts out a sockpuppet and insults the audience's intelligence again. Wow they are really on a roll. Hostile takeover flashbacks incoming!

How about someone with piercing blue eyes, and a voice so husky... it could pull a sled.

LOL WTF

Alec Baldwin doing a commercial like this is a pretty big deal. He's basically like the face of Hollywood's liberal superiority complex. His Trump impersonations on SNL make people laugh, and his commanding self-important aura pulls a lot of sway. Hey, if these guys can convince half the world to go on infinite COVID lockdown, they can do anything. As someone who leans left politically, I don't know if I love him or want to punch him in his stupid fucking face.

Oh, look, it's Hodlor!

I mean it's a shame they crashed the last season of Game of Thrones into the mountain but still, it's pretty obvious these corporations are no longer fucking around. This is really just the beginning. Billions of dollars in marketing will be pumped into the crypto economy over the next ten years. The quality of these commercials reminds me of the Super Bowl... although I admit I haven't seen one in the last few years.


The point here is that these developments are going to continue on at an exponential pace, and no one seems to be denying that we have another year of mega-bubble to go. The gains we make over the next 12 months will be cataclysmic, and I'm not even talking about price action. This entire space is primed to explode outwardly out of pure necessity. The Mother of All Invention indeed.

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Well what do we know? People will eventually talk as to why hive is broken inasmuch as I don't think we're 100% I still believe we're not in a precarious situation and we need one or two good moves to hit it. Eventually it's business as usual for me, stake, hold and curate but like you said, the whales would need to stop dumping, this might take sometime before they're totally drained.
As for Libra in not all rosemary on it because it's centralised Crypto and it'll have it's downsides.

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Oh, but the upsides of Facebook crypto.

If my mom suddenly holds Libra, it’s only a step sideways to make her interested in HIVE.

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Hive is not broken, everything is fine, and demanding that the system modify 8% inflation so that price can go +10000% is absolute nonsense. Wait for the whales to stop dumping. End of story.

But it's the powerdown period. Everyone on Earth knows about Hive and knows about the lengthy powerdown period, so they don't invest, that's why.............

Actually we're damn lucky. If folks are dumping, a shortened powerdown would have crashed us into the ground. That 13 weeks also saved our asses when nearly everyone was dumping Steem to come to Hive. If not for that many of us would have come out of there with nothing. And if we get fucked over again here, I feel much safer having that 13 weeks, since it has proven itself to be effective. I realize that's an unpopular opinion but since when does everyone agree with me?

When it comes to 'tokenomics' I don't say much other than pointing at our products here then directing peoples attention to consumers and their buying power. I say much of that money should funnel into the main token HIVE, and I've been telling the same story for years, regardless of price.

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Hive: Selling pressure is a B—-
Bitcoin I think your spot on. It will become the institutional investor and Rick persons “go to” replacing gold? I see huge marketing, custodial accounts and 50k Bitcoin.
Leo; 1 dollar Leo is coming and next year 10$ Leo
The economy: into the Sh—-tter

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Facebook will bring more users onto the blockchain. It is the perfect Trojan horse for Bitcoin. :)

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Speaking of literacy, I'm still extremely annoyed that Hive users think they know what's best for this network. Bitcoin go up, Hive stay flat, now everyone is an expert on tokenomics and why Hive is broken. Hive is not broken, everything is fine, and demanding that the system modify 8% inflation so that price can go +10000% is absolute nonsense. Wait for the whales to stop dumping. End of story

Will you marry me?

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Wait for the whales to stop dumping. End of story.

Can we fast forward to that point?

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Hi @edicted
I think this is indicative of the whole situation right now;

Back to Libra
It can only bring money into the cryptophere, same with CBDCs. The crypto market is so small there is no way for these services to leech from it; quite the opposite, centralized crypto only makes the space more relevant and legitimate in the eyes of the world. Just like every data breach makes privacy and security more relevant to less technologically knowledgeable people.

Every news story of a major financial institution or rich guy buying Bitcoin increases the legitimacy of Bitcoin now.

I also agree about Libra and CBDC, as being very good for cryptocurrency. The more people here about something in the news, the more they believe it’s true. If the media says alleged murderer 50 times a day, people start to think he/she is already guilty. The earth is flat 100 times, people start cancelling trips...LOL

I think we are in for some spectaculars highs and some continued volatility. Hang on to your Bitcoin folks this is going to be a rough ride to the Moom 😂🤣

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(Edited)

hodl hodl hodl,hodl hodl ....

and yes you are right on the points depending on the price :)

but I don't think fresh ideas would damage, they can help. Is not like hive would adapt fast to crazy "expert" ideas :)

Edit: A proposal with a game of thrones actor for hive would give a lot of attention I think :D

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I am really trying to build closed loop systems in cryptos... ok, i am just thinking really hard about them.

I love listening to McAfee. Don't know what he's smoking, but last time he said:

We do not work in dollars. We talk about how much Monero will you do this for, how much Monero that will cost. We no longer touch dollars.

And, so back to one of my oldest problems. How do you make things of value in a world where manufacturing has to compete with China? Sure there are ways to make things, in an almost automated way, but still packaging, just that cost alone will make you cost more than China.

Can we start making necessities locally? What are necessities anyway?

i really do not know how to close the loop.

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You probably have to offer reputation bonuses within your community to support the closed-loop systems. It might cost $6 for a dozen eggs (minus the dollars part) but citizens do it to support their own community and because the quality of the goods should be higher in a lot of cases.

Transportation costs are also a factor, and teaming up with other nearby communities to create more complex products is certainly on the table. It will be interesting to see if they can actually become competitive on the general market.

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They got Boss Baby advertising crypto which just normalizes it (crypto) to kids.

Many great points here - especially about HIVE not mooning - power up and enjoy the greatness of compound interest. No magic beans needed.

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