You are viewing a single comment's thread from:

RE: How to Get More Women to Participate In Your Local Tech Meetup

in #meetups7 years ago

Dude, it's totally shady. This is a ponzi scheme if I've ever seen one. But whatever - I'll play your silly game. :) (I'll still keep a copy of everything on my own blog, because reasons.)

Sort:  

Do you think bitcoin is a Ponzi scheme (I'm not being argumentative, I'm truly curious)? How did 10,000 bitcoin in May of 2010 go from purchasing a pizza to being worth over $27,000,000 just 7 years later? Have you spent time thinking about how that's possible and why it happened? I've been meditating on this reality for four and half years and have read some books on macroeconomics and central banking to make sense of it. "It's a ponzi" is a knee-jerk reaction to a black swan event many still don't have a story to explain.

To really seek an answer here is to go down the rabbit hole of determining what value actually is and how it's maintained by human choice via price discovery. It's just another collective story we tell ourselves.

I've been on Steemit for just over a year now and today my account is worth over $100k (it certainly does fluctuate). As with bitcoin and many other cryptocurrencies, the value has been going up quite a bit. People are fleeing fiat debt certificates controlled by governments who arbitrarily create it from nothing while creating debt slaves out of future generations. They can do this for many reasons, one important one being the technologically-driven propsperity we're all creating. The history of the first and second banks of the United States, the secret meeting at Jekyll Island to create the Fed, the Bretton Woods agreement, the Nixon Shock... this historical narrative explains how we arrived to this point and why uncontrolled, decentralized tokens of value with no counter party risk are so important.

You may think I'm crazy. You may not like what I have to say, but I do hope you explore this world deeper because I know there's a compassionate side of you that does want to see the world become a better place. Humans owning their own stores of value instead of having it inflated out from under them or debased by governments is a big part of how that can happen, IMO.

Coin Marketplace

STEEM 0.29
TRX 0.21
JST 0.039
BTC 97628.39
ETH 3725.53
USDT 1.00
SBD 3.98