Any currency, would it be backed by precious metals, fiat or crypto that cannot prevent **irrational exuberance** is flawed. But how so? Well, they cannot prevent anybody from attempting to take more than what s/he puts in, hence the participation into bubble making. That is called a casino gaming. and its side-effect is embedded in all currencies as each era has had its countless booms and busts.
Yet humans haven't learned.
History repeats itself but why? Here comes **the** rabbit hole! What rabbit hole, would you ask? That we can only stop booms and busts by controlling our emotions first, regain the mastery of our own self. There lies that very rabbit hole, it is within. Nobody can really teach this experience of mastering one' self because each experience is unique.
In his july/7 video, Jeff Berwick advised to Be Like Dogs: Living In The Now and Accepting Reality. Indeed. The day will be living more in the knowing (awareness) and less in the sensing (excitement), we will cease to struggle to make ends meet. The Matrix works in reverse and that is what anybody wandering the rabbit hole will learn, some faster than others.
PREVIOUS BLOG ENTRIES
Value Of Bitcoin? Global Monetary System Has Devalued 47% Over The Last 10 Years
What Happens When Materialism Hijacks And Betrays Our Minds | Part 2 Of The Freedom Series
Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies)
From Gold To Fiat And Cryptocurrencies, And The Fate Of Irrational Exuberance
Thank you for resteeming and upvoting these ideas, more people have to know that there is a bold solution to embrace the end of darwinism/competition that will be upon us in 10 years from now. The Earth Custodians Movement is a futuristic endeavor for humans who want to remain humans and to spread the importance of understanding Objective Reality for the sake of peaceful sciences. Moreover, it doesn't really matter as to whether we'll be seeing such a concept come true in our lifetime, what really matters is that we quit hoping that the next generation will take care of this heavy burden, because this is what led us to the impasse to start with.