Greed is the ultimate motivator of imperialism/capitalism.
- Greed doesn't care about right and wrong.
- Greed is neutral.
- Greed only cares about one thing: more.
- More more more!
- Cancerous or sustainable: it does not matter; greed cares not.
MOAR!
And we celebrate greed in my home country.
In fact I have yet to see a culture that didn't celebrate status and wealth in at least some form or another. However, America really takes the cake on this one. We can especially see the kind of damage that has been done to Black/Rap culture: where status and consumption and the celebration of gluttony can literally make the difference between life and death. Perhaps I'll explain that one in another post altogether, as it's not an easy one to clarify.
Gen Z is really waking to the fact of how absolutely fucked they are. This is simultaneously a good and bad thing. Good that they realize how fucked the system is but bad that they are dying on all the wrong hills to stand on. The establishment still them trapped inside the playpen of Children's Table Politics, worried more about microgressions and misgendering rather than infinite war for profit and the central banking cartel. They'll come around eventually; I have faith.
Poetically Gen Alpha are probably the ones that are going to make the most money. Being born into crypto will allow them to navigate the space with ease and quickly make the transition to the abundance mindset, while everyone else will have to undo a lifetime of brainwashing to accomplish the same goal.
But I'm not here to talk about age-group demographics.
I'm here to talk about the "friendly" competition that the most elite members of society engage in and how that affects the current reality. When Elon Musk and Jeff Bezos duke it out for title of "richest man in the world"... who wins? I'll tell you who wins: the central banking cartel.
It should be an obvious misnomer by now to say that any of these CEOs or investors have ever been the richest man in the world. The richest people in the world pulling on the strings of imperialism in a top-down waterfall do not broadcast themselves so foolishly in such an infantile manner. They are way too smart for that nonsense.
Even this list is probably not accurate and subjective.
The point is that people like Musk and Bezos are obvious front-men for the "deep-state". Musk, Bezos, Gates, and Buffet have never and will never be the richest person. The richest person could print out a trillion dollars under a fake identity and then destroy all the money at will, laughing the entire time because who cares? He was bored that day. Once you get to the top: money doesn't matter; it's all about power.
And then he'll go on to instruct one of the MSM companies he owns to blame the poor people for why the system is broken. These damn plebs aren't going to work and they just want government handouts, I tell ya! Business as usual.
Don't believe everything Google tells you!
These "richest" people are only the richest in terms of the value they create for society. Money is a reputation system (one that's been hacked several times over). In theory, the more money you have, the more value you've brought to society without spending (extracting) that value.
The actual richest people are all the old-money in the background that doesn't bring any value to society. These are the hidden family dynasties. Their only purpose is to make sure they stay in charge. However, what really matters is the new paradigm shift that crypto brings to the table.
So what happens when billionaires battle for dominance within the legacy system? The central banks win. This should be obvious by now. Even the measurement system being used is under their control. Billions of what? Dollars. Whoever controls dollars wins.
However, when we adapt this concept to the crypto side, what happens? What happens when billionaires on Hive compete to be the largest billionaire on Hive? Considering Hive's total market cap is less than a billion right now...
Literally everyone wins.
Because on Hive everyone who controls Hive actually owns Hive. Whereas USD is debt owned back to the central bank, Hive is real money owed back to no one. Whoever owns the keys owns the money, and that money can be used to sway not only governance within the system, but also inflation allocation itself and (more importantly) bandwidth allocation. It's a superior system that keeps all the value locked inside and then distributed fairly to all members within the community base on how much value they've stored without extracting.
So imagine what's going to happen...
Hive is one of the few networks out there that can actually scale. It's one of the few networks with oracles baked into the system and those oracles allow us to do all kinds of crazy things like peg a token to the dollar itself. When the dollar then loses value everyone holding Hive benefits, because then the entire network owes less debt.
We've essentially created a system that takes the parasitic qualities of USD and put that to work for ourselves. Kinda crazy when you actually parse what's going on here. Even more crazy when we consider that the witnesses offer 10% yield on HBD in the savings accounts, which completely negates these negative qualities and makes it worth holding long-term. Win/win for everyone. That's what crypto is all about.
DPOS == Republic 2.0
In a traditional republic one person gets one vote. Citizens are brainwashed into thinking that this is a fair system and real change can come from within and fix the "democracy". This is just another lie fed to the kids at the Children's table. Sit down and shut up, kids: go back to work and stop complaining. You're being greedy and ungrateful.
We already know that this system is a lie.
Giving each person an equal vote implies that every citizen is an informed member of society that is immune to brainwashing and propaganda. Those who control the money control the media, and the media is used to hack the statistics so that the elite can rule and act like they aren't the problem. It's a deviously clever system that makes politicians look incompetent and you just gotta "vote the bums out" when really the politicians are extremely competent, they just work for the enemy of the people.
So how is Hive different?
In a legacy republic, politicians get paid very little comparatively to how much power they wield. Everyone says we should pay politicians less because they are frustrated with the broken system. This is a mistake. We should be paying politicians a metric shit-ton and in return we expect a high-standard certain loyalty and ability to reject bribes and other forms of glad-handing and backdoor deals. Those who break this social contract will be removed IMMEDIATELY; Not years later.
That is exactly the kind of system we have on Hive. The politicians (witnesses) get paid a metric shit-ton. No one gets paid more than the top-20 witnesses. In return we expect these extremely valued members of society to do just that: build more value. While the flaws of this system are transparent and have been called out a thousand times, it is still superior to a legacy republic in basically every way possible.
It's easy to make the claim that the rich should not be able to control society, but that's exactly what happens with one to one voting, and one-to-one voting creates the illusion of fairness in addition to feeding into a debt-slave based system rather than allowing the value from this competition to flow back into the community itself. Hive is superior to any governance model I've seen thus far. The flaws being transparent are a feature, not a bug.
DPOS is also superior to Bitcoin governance, because Bitcoin doesn't have governance. Bitcoin is not a store of value, but rather a store of security. The security of Bitcoin is that there is no governance to hack in the first place. Maximalists think this lack of governance makes Bitcoin superior, when in reality it just makes Bitcoin more conservative and more likely to survive a direct assault from the legacy economy.
Networks like Hive are a much bigger gambit, and with that risk comes great reward. All we have to do is survive and we win. By tethering ourselves more to Bitcoin (the store of security) we can more easily ensure our survival within this emergent digital ecosystem (infant metaverse).
Conclusion
So what happens when billionaires are greedy within the legacy economy? Everyone loses. It's a zero sum game with no synergy. What happens when billionaires are greedy within the crypto economy? Everyone wins, because crypto isn't debt and it is controlled directly by whoever controls the keys. This distinction is going to have massive ramifications on future development. Crypto is a win/win synergistic system the likes of which hasn't even been 1% realized.
Soon™
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In My world it exists AND it is lived with Love! No one wants to be so important today, because they really know themselves when they look as beautiful as the Universe. We are so intertwined with each other, I depend on you and you depend on me, considering the above, I am still Living Today and my attention is focused on the same thought. Building My World💫
This is because you have not experience with communist countries. There is no person more greedy than a communist/socialist!!!
Btw, Imperialism and Capitalism are 2 different things. Communists are also essentially imperialists.
The literal definition of communism is antithetical to this statement.
China is not communist.
I often consider myself a communist.
And the spirit of cryptocurrency is communist as well.
Literally 'community' is in charge.
You had me right from the very first paragraph. Whoever believes what the media says isn't informed. People have failed to realize that crypto isn't one new trend on social networks, rather, it's a solution that will heal the corrupt system...
What if HBD loose it's Value like past?
This is a matter concern for me
That can only happen if the haircut kicks in,
and Blocktrades has been talking about straight up tripling the haircut from 10% to 30% debt.
This is MUCH MUCH MUCH less likely to happen now that HF25 has implemented Hive >> HBD conversions.
Now that anyone can mint HBD with Hive HBD will never get pumped so it will also never get dumped.
Also with Steemit and Ned gone we are in an exponentially better position.
In terms of never pay it back, it works.
If there are enough use cases for HBD it will work, in case it sits around and only speculations are around it, it will break at some point.
Not sure it is the right time to do it. Maybe it is.
I would be in favor to see the next bear first before major changes happen. Because hive can stay in a long run.
On the other side, the world becomes from day to day crazier. So maybe it's not bad to increase it.
Multiplier over 1$ and under 1$ is crazy to the fact of hive inflation.
In the worst-case, we double the supply if the market shifts.
Did you wrote a post about it?
If yes kindly provide link
https://peakd.com/hive-167922/@edicted/hbd-10-debt-haircut-is-too-low
Hopefully this is good enough.
This should be taught in school. What was the name of your witness?
I don't think I have voted it...
@hextech
Not as far-fetched as some might think. @freedom for instance would need less than a 30x move to get there.
Only problem with Hive is that you have to convert back to more common assets before you can spend. So for now I HODL until a future where I can buy much more Fiat with my Hive than now or Hive in fact will be that common and used like BTC now. Fine either way.
This shit is going down in my country full time🤦🏾♂️🤦🏾♂️. Am sick of it
I think some of those richest people have already started investing into crypto. However I am not really sure if there is the deep state rich people. At least it just seems more like a conspiracy to me because they would want to maintain the current system.
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#BillionDollarHive
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love this! great idea to comment with this.
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I agree with most of this for a lot of reasons when you said the richest people could print money my mind wandered to those hidden people on hive who are becoming rich and adding no value to the chain. Some were forked out at the beginning of hive but many remains and it bothers me. Something about your post brought me there. Not much we can do about it but we need them all to become someone like you and we all benefit.
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I'd like to hear your thoughts on this one.
I know it's not subject related but...