The Importance of Creativity in Economies
I think that anytime you create something it has some type of value associated with it. Even if it holds no value for anyone else but yourself. Yet, in some cases what you create can hold no value for yourself but people might pull your work out of the dumpster and sell it for a lot of cash. (Perhaps not during your lifetime, lol)
The nice thing about creating something is that usually there is not a lot of resources involved in doing it. It does not require commuting to a job or taking large amounts of scarce resources to produce a product. For example, a simple sketch on a piece of paper could be scanned and posted to earn Creative Coin Crypto (CCC).
No computer bytes or trees were harmed in the taking of this photography
The creation of a new item can even work as a sink and dry up the money supply. For example, suppose you create a revolutionary new software product that everyone just has to have. The product basically markets itself and has virtually no distribution costs. After an initial sweat and toil of two weeks of work, you release it into the market where it creates a continuous stream of cash flow. After awhile you have way more cash than you can spend in your lifetime. After a diet rich in fatty foods and sugar with no exercise, you prematurely pass on leaving no heirs.
Now suppose you kept all your cash in jars hidden in very secretive places. Guarded by the skulls of your enemies and that sort of thing. The government would then have no way of taking your assets after you were dead and putting them back into the money supply. Thus the supply of money would dry up, inflation would lower and everyone left alive in the society would benefit and live happily ever after. (Well maybe, lol.)
Now for a modern day simpler solution we could invest in LEO tokens.
- Create something cool.
- Do some self marketing.
- Invest in LEO tokens
- Kick the bucket (optional step, lol)
- When LEO tokens get sent to dev null and burned up forever, everyone profits (and survivors live happily ever after - one could hope.)
Thanks for reading! (This is not a serious work on money supply issues in case anyone is worried) I always value your support and comments. The picture was taken by me with my Galaxy S9+ and modified in software. Text and graphics copyright lightsplasher & litesplasher.
During World War 1 .. a Canadian soldier, a surgeon, wrote and then threw away a poem. It was a poem composed after a gruelling round of treating the wounded.
Another soldier picked it up, looked at the words and sent it off to some publications. Captain McCrae didn't earn a lot but In Flanders Fields became one of the most famous poems of remembrance in the world.
It is interesting how that happens. I think most of Emily Dickinson's poems were not published during her lifetime. Van Gogh also comes to mind.
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Reminds me I heard in the news the other day there are x number of Bitcoin addresses that have been inactive for like 4 or 5 years. They are basically thought of as "lost" as in no one can control it so those are out of circulation, just like you said with your example.
The remaining coins do go up in value when the supply drops. There seems to be a lot to it though besides supply and demand. Dogecoin would seem to be something that has too much supply yet the coins are being dispersed into enough hands and have utility for moving small amounts off a variety of exchanges.