Warning: Steem witnesses executed a hard fork on 2020-05-20, seizing 23.6M STEEM from 65 accounts. The funds were transferred to an account named @community321, the ownership (and intentions) of which have not been revealed. The witnesses claim to have been targeting accounts which defended against a hostile takeover in early March, but at least 2 accounts on the list have been inactive for over 4 years.

Coverage:
- Decrypt.io: Steem network to seize $5 million from its own users
- SteemPeak.com: Official Announcement by @softfork22888
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- Send exchanges a notice of the pending class action lawsuit.
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As they arise by tarazkp

View this thread on steempeak.com
· @tarazkp ·
$56.97
As they arise
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With the current global conditions and the expected continuance and deepening of the economic degradation (for most of us), I think that many are going to discover or at least attempt to create new revenue streams. With the last GFC, Bitcoin was created and from there, all other cryptocurrencies were born. 

https://i.imgur.com/G5yY8uf.jpg


While only a drop in the ocean as far as market capacity in relation to other investments, I believe that it will be a rapidly growing sector as it has very low barriers of entry in regards to other investment vehicles. I wrote a post a long time ago (that I can't find at the moment) about the trading fees of traditional investments and the fees alone would be significant in crypto for many people, especially if getting in on a project early.

>Small amounts matter.

Small amounts invested consistently add up no matter where they are applied and on top of that, the keystone habit of investing itself can add to an awareness that will increase investments and keep the eyes open for opportunities to broaden the portfolio. Most of us ion the world do not have this habit by nature at least, nor by nurture - but it doesn't mean that we can't develop the processes later in life. 

I think that in times of need, innovation happens because the willingness to change barrier is lowered, giving a low point in the fence to climb over and try something new. Currently and for the foreseeable future, times of need are going to increase globally on many fronts and a larger pool of people are going to have lower personal fences to climb over and I think that it will encourage a more active participation - rather than the reliance on the advice of others. 

People are finding a new normal in many ways with the kids at home and remote working the only way for many to continue working. This opens people who had not considered it viable before, an opportunity to learn that it might actually suit them and then, what else becomes possible past that point?

With hundreds of millions of people now working remotely, if even a small percentage start to dig deeper into opportunities to add revenue streams by doing similar, many are going to start finding crypto and, give it a go. With the barriers to participation so low, it is possible that a whole new wave of "mom and pop" traders come into the markets to try something different, rather than losing their potential every 10 years through mismanaged economies. 

For example, I wrote about a friend a month or two ago, who put a lump sum from a property sale into investments through his bank. Currently, he is down about 30% and it is going to take a long time to recover. At the time, I told him to seriously start looking into crypto with a fraction of his holdings, as a hedge. After the experience he has had, he is now looking deeper.

There is risk in all investments , but one has to look at the potential upside in relation to the potential loss, and then accept the terms. However (in my opinion), financial loss is easier to accept when the decisions are made personally, rather than through the proxy of a broker, as it becomes a learning experience and one can justify decisions as they happened on the fly, and then apply hindsight. When through a proxy, there is always the niggling problem where you can't be sure that the broker worked in the best interest of you, their client. 

If we look at it from the perspective of bank earnings, the banks *always* outperform their clients as they are a middle man that gets the information before the client and takes information from the client, so they know what is going where and when at a much more sensitive level than others. They are also invested into the vehicles they recommend their clients invest into. It is no wonder that not long after a recession, banks see *record profits.*

When the decisions are made as individuals, the losses are easier to accept because one knows all factors involved into the made decisions, and the gains feel much better for the same reason, it is personal. I believe that taking responsibility is very much an addictive process as while there is downside, the upside feels better too.

I think that for many who have found crypto blogging, they have also learned a lot about investing and trading, as well as taken more direct control of decision making through the entire pipeline of the investment, from the effort into the content creation, considering game theory within the community, the options of buying, selling and trading and of course dealing with the daily psychological and emotional roller coaster ride the experience has. 

I think that while many fail, those who have taken an active role in their journey have become stronger people all up - people who are increasingly skilled at dealing with uncertainty and volatility, on and off the platforms. They also have access to a community of similar people from diverse backgrounds that they can interact and leverage to learn from and keep them centered while much of the world panics. 

In my opinion, people who take an active role in their decision-making rather than proxying it off to others generally have a better experience in life, even if it doesn't amount to more money. I think active participation in life brings meaning to what could otherwise easily be considered quite meaningless. I think under current conditions, a lot of people are going to discover that much of what they have been doing has been counter-productive to the outcomes they aimed for, even though they were "intuitive" and by that I mean, a *programmed response.*

For me personally, I have learned a great deal over the last three years and have changed many aspects of my life. Blogging for me has become a keystone habit that puts pressure to develop on other aspects of my life in the same way consistent exercise will commonly encourage a better diet and increased social activity - this compounds the value of the initial out lay in time and energy. 

There are opportunities to compound values everywhere in life, but many are unwilling to put in the initial startup capital to take advantage down the road. But, small amounts matter, whether it be money, effort, kindness or any other resource or trait we might value as people and communities. If you want a certain experience in life, the investment needs to be made in a way that can achieve it.

If you proxy your decisions to others, their decisions become your outcomes. 

Taraz
[ Gen1: Hive ]



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👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 364 others
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@xx0xx ·
$0.06
https://i.imgur.com/CBqCEo5.png<br><br>HIVE (THE NON-COMMUNIST, NON-CENSORED, JUSTIN SUN EXCLUDING SOCIAL BLOCKCHAIN) IS ALIVE, COME JOIN US!!!<br><br>https://peakd.com <--- Log in with your Steem account today!!
👍  , , , , , ,
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@tarazkp ·
Posted on Twitter

https://twitter.com/tarazkp1/status/1244912542079692800
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@gbenga ·
$0.04
Little things matter a lot as it makes up plenty. 
>a lot of people are going to discover that much of what they have been doing has been counter-productive to the outcomes they aimed for, even though they were "intuitive" and by that I mean, a programmed response.

 Doing so much for less productivity happens a lot.
👍  
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@tarazkp ·
everyone wants more result than the effort they put in, but it is rarely possible, at least in the early stages.
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