Falling alts, community uprising

One of the issues I have had over the last few months with having no time has been my inability to pay much attention to what is going on in the markets. While that is not a bad thing in some way perhaps, it has also meant that rather than making any adjustments, I have just held pretty much everything. My alt holdings are getting smashed against BTC over the last few months. Oh, I don't really have any BTC. lols.

Something about hindsight and blah blah, yadda yadda. It is what it is though. I am a hodler because for the most part, I am not a confident trader. It isn't that I am completely risk averse, it is that I don't have the knowledge required to feel like what I am doing is the right thing. It is mostly just random guessing. I have been pretty good at the guessing game in the past but at the moment, not so much.

What I do think though is that while my alts are getting smashed by BTC, it doesn't necessarily matter all that much in the long term as I hold a fair bit of a fair few things that I believe will have value in the future. A "fair bit" is in relative terms of course as I own next to nothing in comparison to some people but, what about the 7+ billion of people who still own nothing?

@preparedwombat said in a comment a few hours ago that he thinks there will come a time where people would be happy to have even 3 Steem and, I think the same. How many people have 3 Bitcoin? Yes, this is quite a different currency of course but, you get the point as once upon a time 3 Bitcoin was worth less than a dime.

While I hold a fair bit of Steem (even in relative to others terms), this is not the reason I am hoping that 3 Steem will be hard to come by in the future. What it means if 3 Steem, 10 Steem or 50 Steem are highly valuable and in demand is that Steem itself is benefiting millions of people. It doesn't really matter much about the price of Steem if people are benefiting from the platform in more ways than just speculating on the price, and if 3 Steem is hard to come by, most of the larger holders likely sold long ago, meaning the distribution of Steem would be amazing.

A wide spread of Steem, millions upon millions of users, applications that empower creative forces of all kinds that in turn provide content to consumers of all kinds and thousands of communities of people who are totally unconnected other than the blockchain they utilize would be a dream come true. It would be more than a content delivery system, it would be a thriving economy that is self-reliant and inclusive. Abundance as many might rightly predict.

It is hard to imagine this world, isn't it? All of us have been raised in environments that have never seen it, environments that are authoritarian in nature where we are dependents on a centralized force to provide. It doesn't matter which country you were born into or live in now, all of them have varying degrees of national interest ahead of the interest of their own people, under the guise of "protection". Protection from what exactly?

Protection from Us.

Other cultures, other ideas, other thinking, other business models, other laws, other... other, other.. the others. They are making choices as to what is right for millions of people without actually thinking much about what is best for those people at all. Instead, they justify war and economic oppression as a competitive business advantage that is the right of the people of the nation, even if those same people are suffering at the hands of the mechanisms they use to protect them.

What they are saying is that you are unfit to make your own decisions, make your own friends, solve your own problems. This system is unsustainable and the more we mix, the more unsustainable it becomes because nationalism no longer works as there are people of many nations. Include the borderless nature and the economic availability through the internet and nationalism becomes quite ridiculous. Yet, they still use it as a tool of oppression.

How come I can't benefit from tax breaks on my income by banking in Ireland or the Cayman islands, yet a corporation that should be under national law can and can pay less than 1 percent of their tax obligations locally? The loopholes are large aren't they, as is the hypocritical nature of authoritarian control. "You must do as we say, and do what is best for the country - while we do what is best for ourselves at your continual expense."

There are only two ways this all ends and that is through our total enslavement by giving all to the authorities and leaving it up to them to decide or, finding a way where we as a global community as the mass who control the demand and supply of everything, can live together without rebuilding the walls of nations. Scary isn't it? Don't worry, the process is not a fast one.

While the alts I have a getting hammered like an employee in a Nike sweatshop against BTC, the big picture is still moving along the tracks. The world is changing and with each rise and fall, a little more "human mass" joins the blockchains and starts to break away from the constraints of "trusting the untrustworthy" to - trusting the trustless.

At some point the human mass will understand that investing in each other is the most economically rewarding thing to do for all but the pinpoint pricks at the top of the mountain. The same ones who have said we are too irresponsible to look after ourselves - and we have believed them.

Do you still believe?

Taraz
[ a Steem original ]