The contract of the nerds: A plea to stop egoism and hold assets

Yesterday most of us saw "red". Altcoins have fallen down 20%-30% or up to 50%. From behavoural economics perspective, this happens because players tend to secure their winnings and want to invest when it's lower: Pure gambling. It is based in the anonymity of a market place where egoism seems the right strategy, because we don't know the losers who lose their money. And when everybody is gambling, the only long-term winner is the exchange through their fees (you know how Casinos work right?). So why do we gamble?

Economics introduced the game theory. The standard game is explained in the prisoners dilemma. There are two prisoners with the chance to be released either in 0, 2, 6 or 10 years. If one prisoner testifies against the other, he gets only 2 years, and the other one gets 10 years. Now if he remains silent, it might be the other way round. When both confess, both get 6 years. If both remain silent, both get FREE. In reality, it turns out that both testify because they are afraid the other one would testify and they both get six fucking years.

Now imagine, we could be smarter. Imagine, crypto market would not act like normal Banksters. We, the nerds of this world can be smarter. I call it: The contract of the nerds. Imagine, we all would go for the "freedom", for the 0 years: Everybody invests money in crypto and HOLDs it. The price goes up, but everybody still holds. As long as you don't need the money just leave it there. Whenever you need money, e.g. for vacation, take out the money you need and then pay back in afterwards when you earn money again.

Why this photo? Because we could all have a lot more money WHEN we need it. E.g. when we want to visit this 5 Star hotel. Let me explain it with an easy example.
100 people have 100 $ / month to invest. The price of - let's call it - Nerdcoin would be 1 $. After the first month everybody invested in this coin so the price rises to 100$ / Nerdcoin (more demand). Now everybody has "virtually" 10000$ or 120000$ at the end of the year. When you repeat this monthly the price keeps rising. Now Person 1 wants to go to vacation. Normally he would have saved 1200$ in the year (12 * 100$). But as he invested in Nerdcoin he can easily sell the amount he needs and go into vacation with 5000$. After the vacation he keeps paying 100 $ / month to Nerdcoin.
So instead of 1200$ for vacation he can easily spend 5000$. Everybody can do that as long as it's not at the exact same time. But through different utility functions of humans, it would be distributed through the years.

When we could trust eachother we could all have more money for the things we need to do WHEN we want or need them. Money does not make nobody happy, and Nerds know that better than most bankers. But it is still necessary for some stuff :)

This intellectual game just works whilst a relatively small amount of humans invest into Nerdcoin (or crypto). So far, that's the case. So I'd like to appeal to everybody to HOLD their coins. Don't be egoistic and go for the safe "6 years". Let's go all together for the "0 years" and only sell if we really need the money!

And just a last comment: Only 5-6% of humans own 99% of shares of companies listed in Dow Jones (and other big exchanges). Actually these people are doing exactly the same: they invest money and see it growing and only redraw when they need it. You never asked yourself why rich people are almost always getting richer and richer?

HODL and participate in the contract of the nerds. I would propose e.g. Digibyte for that.

Thank you!

N5