The assets everyone should buy into

@acidyo posted an image which visualizes all the money in the world and it got me thinking. Lately I have been wondering a lot more about the need to own things and by things, I mean assets that either will hold or appreciate in value long-term.

Most of the crap we buy with our hard earned money is not spent well as even the disposable income we might have, gets disposed of though the purchase of consumables that will only lose value over time. YOLO! might be the catch-cry of a generation but, they are likely to be some very poor retirees living off dog food, if not turned into Soylent Green by then.

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So yes, ownership of assets is a very important factor for all of us and while we might struggle to do so, we should all be trying to have something that holds value, something for emergencies, something that could even appreciate. Yes, this is how I see Steem Power, an asset class, not a money class. There are several reasons for this but a few are the potential to increase significantly in value, the ability to create Resource credits and of course, the ability to have access to a part of the inflation pool to be used for various activities. I don't mind if others see it differently, that is fine.

What is pretty unique about Steem is that at least in this accumulation phase everyone has some access to taking some ownership of something that someday could become a valuable asset. There are no guarantees of course but, are there guarantees for anything? Accumulating value or wealth is seen as a dirty word these days but no one minds people accumulating skills. It is funny because something like money is just a tool like a skill and it is how it is applied that important.

So while I see Steem as an asset class with multiple uses, I will get back to the image. What I wonder when looking at those slices of the inverted pyramid is, how many have access to those financial classes? The largest at the top by far is the derivatives:

Do you have access to that? Could you? I don't know, I don't even know where I would start but, I am guessing that the buy-in stake is going to be outside of my own ability and while not in the best financial shape currently, I would suspect that most of the people in this world aren't thinking about getting into derivative trading at the moment.

Securitized Debt? Government Bonds? How many normal people really get into this kind of thing yet, it is in these things that the vast majority of the world's wealth is moving, circling above our heads, so far out of reach it is insane. Investing at the level most people can invest at is like jumping, and trying to catch a piece of cloud.

It is pretty interesting as we are constantly told to invest our money but for the most part, we as individuals will never likely have access to most of the financial instruments and instead, our investments are skimmed by those who do have access to these kinds of markets. It is all pretty ridiculous to think about really as what we are constantly told to do is actually financing those who we are trying to break free from and it doesn't matter if one invests or, spends every cent, it all goes to the same tier of the global population, the smallest tier.

What I am hoping is that people will start recognizing the pattern and instead start investing into crypto so that at least there is a chance of actually having some ownership over what they buy. While those who get in early might make very large gains, as more and more come in, there will be less and less volatility and gains to be made but, it will mean that there could be a bit of a reset of the way finances are held and operated as people slowly stop financing who we don't want to through our investments. Who knows how it will all work in the end though.

What I do think though is that it is at least going to be attempted which means that even if it doesn't make it, there is going to be a great deal of movement along the crypto lines while the economic battle rages. What is going to be interesting is that if enough people start adding value into blockchains instead of investing traditionally, the monetary fiat market inflation print becomes more and more noticeable and the market volatile. In time, fiat could look much like the crypto markets now except, they will have no future way to return to stability as they are not designed to hold value at all.

Still, who knows what will happen and people are throwing out so many theories about the future that some are bound to get it close. This doesn't mean they are predictive though, it is more like the saying, a room full of monkey's on typewriters will eventually type the bible. What I am glad about though is that I am finally looking at how assets work and, what is an asset to have.

There are three that I have found the most vital and valuable and I hope everyone reading this will buy-in as heavily as they can. Those three are;

Knowledge, Skill and Patience.

Buy, buy, buy!!!

Everyone has access to obtaining those three.
There are others that are available without purchase too.

Taraz
[ a Steem original ]