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All bubbles come to pass. It is the sales pitch stupid!!!
And cryptocurrencies exuberance will not escape such a fate either... But how do we know if we are in a bubble? The more people rave about it, the more one should stay away from the trend, simple.
Only when the tide goes out do you discover who's been swimming naked." - Warren Buffett
IMMUTABLE NATURAL LAW: ... When monetarism is involved, what doesn’t progress does regress and this means that if not competing continually, one stands to be outpaced by others and lose everything at some point. Although money could have a positive impact if circulating continually, the mentality of hoarding and accumulating wealth makes it impossible. Hundred years or so ago, the German economist Silvio Gesell (1862-1930) had understood this problem pretty well and drafted a monetary theory imposing negative interest rates on any currency that wasn’t spent after a certain time. Of course, his theory never encountered any major success at all because penalizing ‘dormant money’ seems outrageous.
The subjectivity of value is the main challenge people must come to term with, and for a money-free society to win over. But it really is about sensing versus knowing and knowing is more important that sensing. Unfortunately, most people sense that they still can do good in a system that is so blatantly beyond repair, meanwhile the big and objective picture (real knowledge or lack thereof) is gobbling us up, every day more and more. It sounds as if money helps give many a life purpose, for those people a moneyless world is regarded as an absolute threat. Realistically, monetarism has conditioned populaces for much too long and this paradigm begins to shows deep cracks throughout the system, mainly because the pursuit of technology cheapens the means of production and therefore the elusive investment in human energy. At some point, machines will build machines, and if we do not have the right mindset and social frameworks, and it may not – will not – end well.
FULL ARTICLE: http://www.earthcustodians.net/blog/2016/11/16/open-letter-series-the-subjectivity-of-value/
PREVIOUS BLOG ENTRY @earthcustodians: Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies)
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.