Wow... that's the best thing I've read in several months!
Where we stand right now is not that dissimilar from the "dot-com crash" of 2000-2001. It was a massive wake-up call for all those who thought they could become instant millionaires simply by having the word "Internet" in their IPO prospectus. Wind forward 18 years and substitute ICO for IPO and "blockchain" for "Internet"... and does it look familiar?
Was the Internet just a passing fad?
Will blockchain technology just be a passing fad?
I take some measure of comfort in knowing that while thousands of "dot com millionaires" perished and got handed their shirt on a plate, those who started worthy things like eBay, Amazon, Yahoo and so on... they pretty much came out smelling like roses. They DID get their Lambos. Not by being clever opportunists, but by having the best, most innovative ideas designed to change the way we do things.
You're exactly right. We don't NEED the 3,287th token that will "create smart contracts to categorize your nose hair." Who the fuck cares? "Yeah, but we're using BLOCKCHAIN technology!" Again, who the fuck cares?
I see this as a crucial part of the growth and maturation of a concept. This is the time when all the "gamblers" and "opportunists" throw in the towel and leave... and the true "value investors" start sorting through the rubble and buying into the real and worthy projects with intent to simply hold those assets with the expectation of tripling their money... not by next week, but by 2021. Because that is typically what investing truly is.
So now we get to ask ourselves... "Is the Steem blockchain a cool and valid device people think will definitely 'become something,' independently of its market valuation?"
A lot of people — once they leave their egos and instant-riches expectations at the door — will probably say "yes."
We don't NEED the 3,287th token that will "create smart contracts to categorize your nose hair."
LOL! 🙌
...
Yes.
I was thinking along the same lines last night... yeah, there were some people who invested in Google, Amazon, and the big internet companies right at the beginning - comparatively to where we may be at now with blockchain. But were those the only opportunities? FUCK NO. That was just the start.
There were probably millions of opportunities that got created afterwards with different application, niches, sites, communities, etc, etc. Even if we were to lose everything we invested right now, there's still such a huge amount of opportunities ahead. Even here, alot of us are enthusiastic about Steemit because it's the first and pretty much only of its kind - though I wouldn't be surprised if it ended up with a similar fate as MySpace, as there's bound to be many other platforms that evolve to serve in different ways and open up all kinds of new opportunities for people to show up, connect, collaborate, and get compensated, in ways neither of us can foresee at the moment...
So in the midst of this crypto bloodbath, let's be sure to refocus...
I had a little chat over on discord with friends why there is decline in contents on the blockchain. Someone said, the market is down and prices are dwindling. Lol
Well, it is not as if I am not being affected right now or I am one hypocrite. Just that I feel you are right, maybe we ain't ready for the boom in price as our focus isn't right and true for the money.
We need to shape, influence and impact the society at large with tech, and knowledge of the blockchain else the money acquired from crypto may not solve the underlaying problems as time goes by...
Thank you very much, I read everything although long... @rok-sivante
maybe we ain't ready for the boom in price as our focus isn't right and true for the money.
We need to shape, influence and impact the society at large with tech, and knowledge of the blockchain else the money acquired from crypto may not solve the underlaying problems as time goes by...
He said it just right.... I like it long... Keeps me busy and make me think deep, the longest of the post is the key... It painful I got here late... Had an hectic day
Oh! My God, I read this and flows of tears gushed down from my eyes. This had a deeper meaning than just the ordinary, it is just a paint of what is happening in the ordinary world.
The moment we all aspiring to acquire more, the more we hurt/cheat nature and left the true things untouched. Many wanted to get on board, many wanted to help, but they are either handicap by the major force in the world Money/poverty.
The question is how do we get this all done, were do we start from, and how can we all have same mind, when hunger is A tool sharing us apart. Your point are valid but how do we get this done?
There's no absolute answer to that question, as we are the ones who collectively write the answer.
IMO,Tauchain could potentially be the next most important step/component in the development of an infrastructure to serve the platforms that enable that answer to be actualized. Still very early on, and getting to writing more on it is next in the pipeline - though Tau and Earth Dollar, I personally see as two of the most promising projects which may be key in the formation of that answer - whether those two projects themselves, or merely the concepts which they are building upon...
Now you're throwing more questions at us, how do we answer them... He made nice points and the combination of all is just too superb, I specifically like the part of speech he used there; "we're all walking in suit of flesh" that has a great meaning....
You solve the money/poverty by growing the pie. Create more wealth, then there is more to share until all have abundance. We have a whole universe full of energy & resources. We just need to figure out how to use all of it properly. Cryptocurrency & blockchain software is part of creating wealth without corrupt politicians/governments who destroy wealth creation by over taxation.
I always enjoy reading your thoughts. I just finished composing my own post today, then settled into reading yours and was surprised with some of the parallels in personal experience.
This has been a time of reflection for me, after the heady days late last year. The crash to reality in the markets has been a crash to reality in myself. I was able to perceive my excesses and illusions. It is always welcoming and comforting to have the veil of delusion lifted, once the pain has receded.
The crash to reality in the markets has been a crash to reality in myself. I was able to perceive my excesses and illusions. It is always welcoming and comforting to have the veil of delusion lifted, once the pain has receded.
This is great. I think many of us believe that what is going on here is the physical manifestation of an energetic shift into a new world, yet, as you say, we've still got carried away with ideas of Lambos and an easy life.
One of the best things about STEEM is the communities that you can get involved with and connecting to the "on the edge" thinkers. This has been amazing for me and I seem to delve deeper every week.
The Buckminster Fuller quote is very poignant at the moment.
Personally, I think we are all going to come through this into something amazing. There will be some rough moments of questioning everything at times though.
@rok-sivante, For sure, Current Market situation is reflecting as Crisis, but we have to understand one thing and that is if anyone say that, to reach an next level, path will be easy then for sure it's not an true lines in any way.
In my opinion the biggest problem with the Humanity is, Just I and that means, i should stay happy no matter what situation is faced by the next person is an biggest drawback for sure.
And if we cannot think in the bigger perspective then for sure we cannot grow. We have to think about the development in numbers and just not about i aspect and that is because then there is no difference between us and the cruel politicians who are just watching for their benefits.
And i will give an simple example and that is, today we are falling for the Materialistic Aspects and neglecting the supporting nature and thinking about others too and about their development, then just remember, all these Materialistic Aspects will going to vanish for sure, and for example, at many places people face the natural disasters and they lose everything but at the end of the day only one human being can support other human beings for sure.
So, we have to leave the aspect of greed and false desires and we have to respect the time and have to continue our work because if we put our true efforts then for sure today or tomorrow we will going to achieve the successful phase for sure.
Terrific 👌...those are the golden words spoken right from beneath heart. 👍 With market crash we could not reach on multiplying our wealth...at least it make user to live in reality than dreaming sky in crypto world. A diversion is needed to pump up the energy. I think it is upto us to make a postive move and move upward. Infact today i did powered up a bit by cashing on spare SBD. Hopefuly as the time goes it helps me to make some mark on crypto world.
Wow... that's the best thing I've read in several months!
Where we stand right now is not that dissimilar from the "dot-com crash" of 2000-2001. It was a massive wake-up call for all those who thought they could become instant millionaires simply by having the word "Internet" in their IPO prospectus. Wind forward 18 years and substitute ICO for IPO and "blockchain" for "Internet"... and does it look familiar?
Was the Internet just a passing fad?
Will blockchain technology just be a passing fad?
I take some measure of comfort in knowing that while thousands of "dot com millionaires" perished and got handed their shirt on a plate, those who started worthy things like eBay, Amazon, Yahoo and so on... they pretty much came out smelling like roses. They DID get their Lambos. Not by being clever opportunists, but by having the best, most innovative ideas designed to change the way we do things.
You're exactly right. We don't NEED the 3,287th token that will "create smart contracts to categorize your nose hair." Who the fuck cares? "Yeah, but we're using BLOCKCHAIN technology!" Again, who the fuck cares?
I see this as a crucial part of the growth and maturation of a concept. This is the time when all the "gamblers" and "opportunists" throw in the towel and leave... and the true "value investors" start sorting through the rubble and buying into the real and worthy projects with intent to simply hold those assets with the expectation of tripling their money... not by next week, but by 2021. Because that is typically what investing truly is.
So now we get to ask ourselves... "Is the Steem blockchain a cool and valid device people think will definitely 'become something,' independently of its market valuation?"
A lot of people — once they leave their egos and instant-riches expectations at the door — will probably say "yes."
Great article!
LOL! 🙌
...
Yes.
I was thinking along the same lines last night... yeah, there were some people who invested in Google, Amazon, and the big internet companies right at the beginning - comparatively to where we may be at now with blockchain. But were those the only opportunities? FUCK NO. That was just the start.
There were probably millions of opportunities that got created afterwards with different application, niches, sites, communities, etc, etc. Even if we were to lose everything we invested right now, there's still such a huge amount of opportunities ahead. Even here, alot of us are enthusiastic about Steemit because it's the first and pretty much only of its kind - though I wouldn't be surprised if it ended up with a similar fate as MySpace, as there's bound to be many other platforms that evolve to serve in different ways and open up all kinds of new opportunities for people to show up, connect, collaborate, and get compensated, in ways neither of us can foresee at the moment...
I had a little chat over on discord with friends why there is decline in contents on the blockchain. Someone said, the market is down and prices are dwindling. Lol
Well, it is not as if I am not being affected right now or I am one hypocrite. Just that I feel you are right, maybe we ain't ready for the boom in price as our focus isn't right and true for the money.
We need to shape, influence and impact the society at large with tech, and knowledge of the blockchain else the money acquired from crypto may not solve the underlaying problems as time goes by...
Thank you very much, I read everything although long... @rok-sivante
Your welcome.
🙌
He said it just right.... I like it long... Keeps me busy and make me think deep, the longest of the post is the key... It painful I got here late... Had an hectic day
Oh! My God, I read this and flows of tears gushed down from my eyes. This had a deeper meaning than just the ordinary, it is just a paint of what is happening in the ordinary world.
The moment we all aspiring to acquire more, the more we hurt/cheat nature and left the true things untouched. Many wanted to get on board, many wanted to help, but they are either handicap by the major force in the world Money/poverty.
The question is how do we get this all done, were do we start from, and how can we all have same mind, when hunger is A tool sharing us apart. Your point are valid but how do we get this done?
@rok-sivante
🙏💖
There's no absolute answer to that question, as we are the ones who collectively write the answer.
IMO, Tauchain could potentially be the next most important step/component in the development of an infrastructure to serve the platforms that enable that answer to be actualized. Still very early on, and getting to writing more on it is next in the pipeline - though Tau and Earth Dollar, I personally see as two of the most promising projects which may be key in the formation of that answer - whether those two projects themselves, or merely the concepts which they are building upon...
Now you're throwing more questions at us, how do we answer them... He made nice points and the combination of all is just too superb, I specifically like the part of speech he used there; "we're all walking in suit of flesh" that has a great meaning....
You solve the money/poverty by growing the pie. Create more wealth, then there is more to share until all have abundance. We have a whole universe full of energy & resources. We just need to figure out how to use all of it properly. Cryptocurrency & blockchain software is part of creating wealth without corrupt politicians/governments who destroy wealth creation by over taxation.
I always enjoy reading your thoughts. I just finished composing my own post today, then settled into reading yours and was surprised with some of the parallels in personal experience.
This has been a time of reflection for me, after the heady days late last year. The crash to reality in the markets has been a crash to reality in myself. I was able to perceive my excesses and illusions. It is always welcoming and comforting to have the veil of delusion lifted, once the pain has receded.
May our future be even more ennobling than today.
👌☺️💖
This is great. I think many of us believe that what is going on here is the physical manifestation of an energetic shift into a new world, yet, as you say, we've still got carried away with ideas of Lambos and an easy life.
One of the best things about STEEM is the communities that you can get involved with and connecting to the "on the edge" thinkers. This has been amazing for me and I seem to delve deeper every week.
The Buckminster Fuller quote is very poignant at the moment.
Personally, I think we are all going to come through this into something amazing. There will be some rough moments of questioning everything at times though.
Of course, we might all still get rich!
This is a concept worthy of great exploration & elaboration unto its own... :-)
I agree. I've had a few bashes at this in my podcast recently, but nowhere near as eloquently put as this article.
I say the reward of pain is experience. Your words ring so true, nothing is free and easy- if it’s easy it’s not worth it in the end.😉
True, true... 🙏
@rok-sivante, For sure, Current Market situation is reflecting as Crisis, but we have to understand one thing and that is if anyone say that, to reach an next level, path will be easy then for sure it's not an true lines in any way.
In my opinion the biggest problem with the Humanity is, Just I and that means, i should stay happy no matter what situation is faced by the next person is an biggest drawback for sure.
And if we cannot think in the bigger perspective then for sure we cannot grow. We have to think about the development in numbers and just not about i aspect and that is because then there is no difference between us and the cruel politicians who are just watching for their benefits.
And i will give an simple example and that is, today we are falling for the Materialistic Aspects and neglecting the supporting nature and thinking about others too and about their development, then just remember, all these Materialistic Aspects will going to vanish for sure, and for example, at many places people face the natural disasters and they lose everything but at the end of the day only one human being can support other human beings for sure.
So, we have to leave the aspect of greed and false desires and we have to respect the time and have to continue our work because if we put our true efforts then for sure today or tomorrow we will going to achieve the successful phase for sure.
Wishing you an great day and stay blessed. 🙂
Terrific 👌...those are the golden words spoken right from beneath heart. 👍 With market crash we could not reach on multiplying our wealth...at least it make user to live in reality than dreaming sky in crypto world. A diversion is needed to pump up the energy. I think it is upto us to make a postive move and move upward. Infact today i did powered up a bit by cashing on spare SBD. Hopefuly as the time goes it helps me to make some mark on crypto world.
Posted using Partiko Android
Yes! It's time for all the weakling to grow the fuck up and do something positive in the market! It's time for hard work not crying :)