The coming crypto rush by tarazkp

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· @tarazkp ·
$57.89
The coming crypto rush
<div class="text-justify">

The other night I was chatting away with clients and their colleagues over dinner and as inevitably happens with me these days, we slowly started talking about the value of things, the consumption of useless and how much impact debt has on our lives. It quickly turned into ownership, liberty, freedom and banking controls. 

It wasn't me doing the talking.

https://i.imgur.com/4dNE3rN.jpg

This is mainstreaming crypto and this is where it begins - *people understanding that the game is rigged and looking for ways to improve their playing skills. This is what it comes down to in my opinion, *education to improve the vocabulary.*

When I talk about "investing vocabulary" I am not talking about the terms, I am talking about the understanding of concepts that are influencing daily lives well enough that a person can influence the system back. We talk about a free market but it isn't a balanced system when there are the majority of people not even knowing they are in the market square and actively trading in the supply and demand game. Those in the know, *know.*

There is a distinct lack of economic awareness being broadcast and while there is plenty of information available, when contrasted against the attraction of entertainment, it is obvious where the majority are going to spend their time. 

I have stated these questions a couple of times to people here and in the walking world, 

*What percentage of your disposable income have you spent in the last year on purchases you believe will go up in value? And what percentage do you think the banks have?*

These days it is incredibly easy to spend money, it is incredibly easy to get loans to spend when we can't afford to buy now and that means that we end up paying more for what we want due to the interest the banks charge us. But the banks double dip, because not only are they loaning out (on a fractional reserve) to rope people into a debt cycle, they invest near 100% of their own wealth into purchases that make money. What do they invest into?

# *Whatever you are buying.*
&nbsp;

But people are slowly waking up and starting to see that *ownership* is the only way to really create some semblance of economic security and while buying into stocks might be secure, the markets are controlled heavily by the few at the top who already own.  But, *be where the ball is going to be* should drive people toward crypto and blockchained assets.

Those here now are already where the ball is going to be of course - even though it might seem a bit early for many as they aren't rich yet. Imagine how long it took to set up the infrastructure required to take advantage of a gold rush or to mine the oil fields. While there are economic dynasties that are built upon these types of events, the investments in and the risk taken were not insignificant - especially since it really was *the wild west.*

You have probably heard crypto described that way too because there are so few rules, so many scammers and the chance to win is huge but risks need to be taken at some level. What people should start seeing themselves as are economic and industry trailblazers and crypto gunslingers looking to push an industry from high volatility to massive utility. 

The difference from the gold and oil rushes of the past is that almost anyone globally can participate in the investment process as well as have a say in the way the industry infrastructure and eventually the common standards take form. We are all in the greater market place in some way as we all interact economically at some level, but those moving and generating their wealth increasingly on blockchains and through crypto are going to send a groundswell through the entire market.

Crypto and blockchain isn't going to take the world by storm - it is going to increasingly replace what is in so many ways that there will be no way to avoid participation. The vocabulary on the streets is already shifting, the industry is moving and soon - everyone you know will live blockchained and tokenized lives still doing exactly what they are doing today. Because this is going to affect every industry and product on earth, it is going to be larger than any gold and oil rush combined and generate and carry wealth at an astronomical level.

Mainstreaming is by creating a world of familiarity - and the vocabulary is already getting learned. 

Taraz
[ a Steem original ]

</div>
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@cryptoandcoffee ·
Good to have you back. I just hope we are in the right spot to take advantage and I think we are.
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@tarazkp ·
I am hoping this will be where the ball bounces :)
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@manoldonchev ·
$0.03
These days I realize here is the only place where I can actually save something. All other resources going down the drain all the time as need after need arises with still more needs queueing behind;) Separate worlds is a plus for now. This one not being affected by the other one as of yet.
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@tarazkp ·
I am tired of constantly juggling and having "life" crush on actually living. This is my savings plan too and what I like about it is, I can actively add to it without having to add to it. I am yet to use any crypto for a purchase of any kind but I am hoping that  one day I will be able to do something "real" with it :)
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@felander ·
So did those people know or have crypto? Or they were just aware they were being ripped off?

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@tarazkp ·
As far as I could tell, only one was a likely holder. It wasn't the place to go into details and, we had only just met at dinner.
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@newageinv ·
The interesting part is seeing how those in power respond by involving themselves to try to take a piece as well and profit from it.  Also, as they fail they will seek to de legitimize it completely but it will be too late!

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@tarazkp ·
I see it a bit like the internet, as it will empower more controllers to control but, it will also open up opportunity to create an increasing amount of loopholes.
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@ryivhnn ·
$0.07
Nice to know there’s a lot more people trying to do something to shift things, I know way too many people who shrug their shoulders and insist “you just have to” or “ that’s just the way things are” and smile patronisingly at all these idiots trying to change things feeling sure that eventually they’ll be forced to accept that things are simply as they are and changing things is a waste of time better spent continuing to slave away 🤣

Honestly though I’m somewhat mistrustful of the fully transparent blockchains such as this one and the ones demanding identity like Voice (and Narrative to a lesser degree as their “certification” is currently voluntary) as it sounds like a bank’s and/or government’s wet dream 😵

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@tarazkp ·
It doesn't matter much if it is transparent or not as most people (whether they believe it or not) are going to be using phones and apps and the like that are going to connect them somewhere at some point to who they actually are. Even the most conscious will slip somewhere. 

Transparency is going to cut both ways.
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@shanghaipreneur ·
$0.03
In China, we have two sayings that support your thesis:1. Slow slow come. 2. One step, one step.

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@tarazkp ·
It is my own life philosophy too, a bit at a time everything changes. I try to practice *active patience.*
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@shanghaipreneur ·
$0.03
Ah, that is a nice philosophy. It is very yin-yang dialectics to put together two seeming opposites into one phrase: *Active Patience*

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@organduo ·
What will happen with crypto (and what is already happening) is that wealth will be distributed from few to many.

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@tarazkp ·
This is what I am hoping. A major hurdle is when people are using it to buy back into what the few are selling.
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@ocdb ·
re-tarazkp-the-coming-crypto-rush-20190708t204324554z
You got a 70.77% upvote from @ocdb courtesy of @tarazkp!  :)

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