RE: The World Is Yours?

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Sure no problem ask as many questions as you like. So some of the fallacies that come from our standard economy into crypto is that more value is created in cryptocurrency by rich people than the average investor. i think this video touches on those errors in great detail and will go a great distance and helping you understand some of the ideologies directly or indirectly brought to cryptocurrency.

So if you hear someone like Elon Musk invest a billion dollars and some whale enters the crypto market we automatically assume that's creating a ton of value to the space and that these people are thus more valuable. We have a similar problem here on hive. Where people come in invest in more hive power and gain more network influence. Now i fully understand why that happens and the idea behind it. However its based on some economic fallacies that have emptied over from the standard markets.

So i think what we do in cryptocurrency we go this is a market. Like a stockmarket. It's nothing like a stockmarket but we falsely believe that. So we feel the idea of an economy. When it's really more of an ecosystem. What does an ecosystem rely on? It relies on all the living things in its environment around it. It's no predicated on the actions of the individual but the actions of one can poision the environment and everyone fall victim to that.

So in cryptocurrency we see this play out in very low liquid markets. Someone does a big dump the prices fall. A big pump they rise we equate this to value. However the most important question should be what is the metric that measures what is true value to people.

So to illustrate what i mean like in the video. The false narrative is rich people create jobs and especially when taxes are reduced on them. However data shows otherwise. If that were true we'd have more jobs created than people can do. What is true is the rich get alot richer under our standard economy and the poor certainly have gotten alot poorer over the last 50 years or so.

No matter what metric you use you'd have to conclude that's not a good thing. For some reason our standard economy still is measuring it as a good thing lol. Cryptocurrency is doing an even similar thing if you read badbitches post. it's telling a narrative of how good crypto is making it.

However crypto distribution and any metric the community as a whole could measure as good is in fact not good. How could it be if the distribution of value is worse than our standard economy data wise. You have alot more poor people in crypto than you ever had in our standard economy ratio wise. You have a ton less hive stake holders than who control the most of the cryptocurrency than you've ever had.

Now the question may be asked how do i know that? Well you have to keep in mind that hive is a fork of steem and essentially the same system and same community always has been. The value of hive is many times less than it was years ago and it is now i believe like not even in the top 100 of coins but actually somehwere in the 200 range if i'm not mistaken.

To make teh determination that crypto is doing better. You would need metrics to balance out and tell that story. Now we could argue bitcoin and ethereum. However here's a dramatic issue with that. This time around its not retail investors owning al the bitcoin and ethereum but larger corporations.

That is a complete repeat of our standard economy and then opens up all the problems in association with it. The ripple in the water from crypto is alot more devastating than in our standard economy. This is an ecosystem so cryptocurrency using a standard economy model as to say the things we value in that economy won't work in this economy or ecosystem. It would be far worse results.

I could go on and on but i think you get the basics of what i'm saying. That is we may need to rethink what value is in cryptocurrency. Not just copy models from our standard economies.

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Wow

This is pure selflessness showed in how much you put into educating the world with your comments

I completely understand what you mean, and how we truly need to differentiate the models we want to use in this ecosystem instead of copying the ones from our standard economies.

I must say that you are right about the jobs that they claim the rich are giving out, because if such things do exist, then there would be more jobs than laborers

Cryptocurrency is our ecosystem, and we have protected it knowing that whatever decision we make affects no just ourselves, but the rest of the folks in the system

As long as hive came forth from steemit, we should not be expecting anything less than what we saw over there, but we can make a difference, by the way we handle the metrics

This was a good read, and I am glad I met you today. Thank you so much for your time

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"This is pure selflessness showed in how much you put into educating the world with your comments"

This kinda thing will be necessary for this place to work. We are treating this place like a glorified gambling casino and everyone knows it. We have to really significantly find use in this space.

"Cryptocurrency is our ecosystem, and we have protected it knowing that whatever decision we make affects no just ourselves, but the rest of the folks in the system"

Yes and you don't poison or contaminate the place you live

"As long as hive came forth from steemit, we should not be expecting anything less than what we saw over there, but we can make a difference, by the way we handle the metrics"

Statistical wise clones, similar projects have seldomly done as well as the progenitor product.

It's been good to meet you as well. I hope you take a serious look at the BBD Coin project and Btcmyk. We've put everything we know into those projects in an effort to solve many of the problems that exist. Unfortunately in the beginning greed and gambling is often times all people can focus on. As it is the selfish gene of survival that pushes them on and makes them feel as if they are surviving.

However this can cause many problems as well. Value comes from products that help people and provide significant use. Gambling wears out and bubbles arise. Prices eventually dump. Useful products endure.

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Value comes from products that help people and provide significant use. Gambling wears out and bubbles arise. Prices eventually dump. Useful products endure.

Yeah, this is what all our advertising lessons are about. Our tutors drum it into our ears as though it is the air we breath

he emphasizes on a daily basis how value should come first before we hope to earn or sell any product and watch such products endure time as you said

About the BBD coin, what is that? Can you throw more light on it? I am sorry to bother you this much


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You're not bothering me at all. I'm here in the space to answer questions. So BBD coin is a bitcoin fork/ubi project. So whenever there is a fork of something it signifies some improvement to a product. So the BitcoinMyk project believes that ubi and bitcoin is the best improvement bitcoin can make.

This article i think does a good job of explaining ways we can view ubi in cryptocurrency https://medium.com/@fcecin/universal-basic-income-ubi-eos-mass-adoption-16a2eaab989

However the BitcoinMYK project also has a backed coin similar to hbd.. where it remains fairly stable and is backed by the btcmyk native token. This is significant because we've found the most economic prosperity comes from a useful currency not a speculative device. The coin is also multichain meaning it can move from blockchain to blockchain.

We invite you to join our discord room we discuss alot of crypto topics in there and go into great detail: https://discord.gg/n7aCkcr

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Oh wow

This is significant because we've found the most economic prosperity comes from a useful currency not a speculative device.

Apart from buying and storing, what other ways are there for users to earn BBD?


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Ahh its actually more ways to earn with us than on hive. So i'll break down all the ways to earn. The first ways is same ways you earn on hive. You make posts and your likes are our cryptocurrency. You also earn as much liking posts as making posts. So our version of curation.

You have a dashboard which shows how many likes you earn and how many posts you like.

Next way is simulated mining or parking.. You earn for every minute you actually stay on the site and review pages. You don't earn alot but you earn something just for staying logged in so its like mining btcmyk.

The next way if you make videos or model. You can earn in our partnership program every month. Similar to how google and youtube pays you. We send a payment generally every 1-3 months for being a btcmyk partner if you're a video producer, photographer or model.

Next the referral program. You can earn our token referring people with your referral link to bitcoinmyk.com.

Next you can earn on bbd coin inflation. This is different than staking coins. In staking coins it often times require that you lock up your coin. BBD inflation doesn't require any lockup. BBD coin inflation grows based on the network growth. The bigger the network grows the more valuable bbd coin becomes in its buying power against inflation. No lockup is required.

At this time we're running a big posting contest as well. You can win 100k btcmyk but it ends tomorrow at midnite. You still have time to enter. The contest only requires you submit a normal standard post on bitcoinmyk.com. Someone from Hive would also have to vote for your post to be entered in. Once done you're eligible to win 100k btcmyk tomorrow.

http://www.bitcoinmyk.com/home-forum/topic/contest-100k-btcmyk-tokens/#postid-9

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Someone from Hive would also have to vote for your post to be entered in.

How would you know someone from hive did this?

Ahh its actually more ways to earn with us than on hive. So i'll break down all the ways to earn. The first ways is same ways you earn on hive. You make posts and your likes are our cryptocurrency. You also earn as much liking posts as making posts. So our version of curation. You have a dashboard which shows how many likes you earn and how many posts you like. Next way is simulated mining or parking.. You earn for every minute you actually stay on the site and review pages. You don't earn alot but you earn something just for staying logged in so its like mining btcmyk. The next way if you make videos or model. You can earn in our partnership program every month. Similar to how google and youtube pays you. We send a payment generally every 1-3 months for being a btcmyk partner if you're a video producer, photographer or model.
Next the referral program. You can earn our token referring people with your referral link to bitcoinmyk.com.
Next you can earn on bbd coin inflation. This is different than staking coins. In staking coins it often times require that you lock up your coin. BBD inflation doesn't require any lockup. BBD coin inflation grows based on the network growth. The bigger the network grows the more valuable bbd coin becomes in its buying power against inflation. No lockup is required.

Where is the interface for all of this? Probably a signup link or something?


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