The end is nigh for dollars, but cryptos are just getting started!

Self Sovereignty the revealed catalyst

The case for Bitcoin and other crypto's are on a historical high as the world governments enact draconian powers on what you can and cannot do with your money. Bitcoin and crypto do not, and cannot lever that control on your property.

Most state Governors in the US have put so many restrictions on the legal ways you can spend a dollar that what value the dollar had today, is now being eroded by tomorrow.

As a result of this, we are seeing a fall in the utility of marginal income. As in, you have dollars, but you can't much with it. And this causes people to be less incentivised to earn any extra dollars, further pushing the labor force participation rate way down as shown in the graph above.

Limits on the use of the dollar, be it at restaurants, movies, theatre, concerts, sports, dancing, haircuts.. are how future dollars have potentially more value than the dollars of today. It is what raises the demand for future income streams, like dividends and interest income and thus bids up the prices of income-producing stocks and bonds, thus raising the cost of living in the future.

People respond to incentives. The incentives right now are extremely bad for any kind of productivity whatsoever. The plus side, is, it's getting less bad in about half of the states.

HIVE is the only asset that continually provides incentives for productivity to all it's participants. The value of hive tomorrow is backed by expanding number of ways you can use it to participate on the network. It doesn't have to be about blogging.

I invite you to participate in the future of money. If you're already a Hiver, how are you participating in the network?