Bitcoin's Ethereum Problem
The coming dystopia may put a premium on complex blockchain transactions; royalty splits, work from home revenue share agreements, etc. And that puts Ethereum at an advantage, in my view.
First off, before delving into cryptographic tribalism, a quick programming note that my brand new research book is now out in paperback, only 9.99 Rothschild credits over on Amazon, proudly printed in the United States of America and in stock; Prime shipping eligible.
The townspeople cheered as news of the book spread.
A guttural roar emerged from the crypto smith slums — the people finally had hope again.
“Aye, a new tome from Seaman?!!” a quizzical coal ash covered hag asked of a lord of the city as he passed by on horseback.
“He hasn’t been heard from in many years…” the hag continued, clutching her rags as the lord’s horse approached.
“Verily, it is true, old woman,” the lord of the city replied. “Come close.”
The hag hobbled forward, bringing herself inches from the lord’s visage. He pressed a copy of the paperback into her hands. “It is true, then!” she exclaimed with glee. Tears of joy flowed down her face, streaks of weathered white skin peering out from the coal dust and ash.
The lord smiled and rode off, knowing the now convinced old woman would spread word far faster and wider than his trumpeters ever could.
The camera shows a friar rushing up the spiral stone staircase, his face awash in sweat, struggling to reach the bell tower rope and spread word of Seaman’s new paperback. As he pulls the rope, the old heavy bell begins to gyrate back and forth, its sound bellowing out, the ring heard around the world.
Scene fades to black, and some decades later, the old woman’s adult daughter (implied through a face to face screen fade from mother to daughter) reveals a woman in a marketplace much like the old woman’s in the first scene — except the goods aren’t everyday sundries, they are high tech, and a zoom out reveals it’s an open-air marketplace on Mars, in the distant future.
Humanity made the jump to multi planetary, and the closing montage implies the paperback was the catalyst, the philosopher’s stone in a previously directionless world.
No one has fun any more.
The pandemic and the bilious “fact check” media culture of the last couple years have sucked all the humor and joie de vivre out of the air.
Public life has become the never ending elevator ride with people you don’t like.
Private life has become the devil on one shoulder saying buy more, and the angel on the other shoulder… also saying buy more, but don’t buy too many shitcoins.
I should correct myself — almost no one has fun any more.
I’m having fun, to be honest.
The beneficiary of this cultural implosion will be crypto, in my view at least. We come from chaos and back to chaos we’ll go eventually, which is why I think the public’s risk appetite will increase to the point that Bitcoin just won’t be sufficiently appeasing.
BTC, if it is digital gold, then its place is assured regardless of other projects’ successes… Ether in the Ethereum is more like Google; it’s a whole new universe being built out, an eco system similar to how Google search, Google Ads, and Android are an extended eco system. Especially as staking revenue seems like it may get favorable treatment in some countries’ policy frameworks, the novelty and income hungry public may go ETH before touching any other crypto.
Like them or not, the Google guys created trillions of dollars out of thin air by developing an appealing eco system that had not existed before; this created synergies along the way (regulators may argue non-competitive or monopolistic, too; not for little me or you to decide!)
The ETH believer sees a similar eco system synergistic bootstrap euphoria, and who are you to deny them that?
Because, verily, it is true. A public stuck at home through fear or economic malaise or Dr. Robert Malone’s MASS FORMATION PSYCHOSIS!!1!!!! or genuine prolonged dystopia is a public that will play with, and then subsequently need more of, blockchain, maybe blockchains plural.
What mid-2020 was to the crypto speculator: the oasis for thirsty parched throats in the desert, the unexpected rainfall in the badlands — not advice or prognostication of any kind, but let our past victories be only tiny little appeteasers for the ungracious feast to come.
https://www.amazon.com/Treacherous-America-Life-2022s-USA/dp/B09RWJ4RTV/
Full research library: https://www.fulcrumnews.com/store-1