The Age Of Abundance & Scarcity: What Value Does Blockchain Guarantees?
Money sometimes exceeds its financial functions and becomes the determinants to the decisions of people. I was reading a particular post sometimes ago and the writer questioned the authenticity of blockchain blogging and asked if the money was subtracted would people be willing to part with their money to actually purchase a post, reward it in crypto or in dollars.
Truth is, there are many angles to this; sometimes ago I read about an Indian that paid more than 66 million dollars to actually acquire a digital art and while this seems totally insane to the outside world this things happens. Crypto has ushered people into the age of abundance and this makes the world a web that spins around opportunities and prospects of abundance.
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Truth is, when there is or isn't money people are still laden with financial decisions nonetheless. This is to say that money itself doesn't carry enough power by itself, it is the people who make and use money that actually defines its worth and gives it value and this is why some currency are worth more than the others. Now not to deviate from the actual thing:
blockchain blogging would need to go through a phase where money isn't the reason why people are participating to actually become the real deal. Truth is, real value is when a prospect is priceless and a money doesn't define its worth. When something becomes priceless it means it can acquire value beyond monetary valuation and this is why the concept of value in people are diverse.
Sometimes we see the price or worth being accrued to a content, an art, a piece of work, a performance or even a post and we doubt if they're worth the price valuation put on it. There are many reasons why pricelessness is accrued to a commodity and one of them a that the rewarder is actually paying for the reputation of the person who owns the content and not the content in general.
If Leonard Da Vinci was alive, people would pay millions upon millions to actually have his arts. This is because the reputation precedes the content, the reputation of the contentor has made the content priceless and because of this valuation on the contentor, competitiveness will drive more demand thereby increasing value to a content of which normally seems illogical.
But then there's nothing logical about money; people determines what's more valuable and not money itself. While some people wouldn't be willing to pay for a content from their pocket some other people would gladly pay for a content that they deem valuable. While we live in the age of abundance, there's still scarcity.
A lot of countries are reeked in poverty and this creates a mentality where people would rather have all the money at the moment rather than reinvesting on a prospect online, the blockchain and the internet to actually benefit more people. Scarcity is the reason behind the economic decisions of a lot of people but then before the age of abundance can finally take hold, people would need to spread value in other to get back value and this is how the world should work.
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The reason why poverty will forever remain dominant is because a lot of people are receiving wealth but holding on to it rather than spread it. So many hip hop artists spends ludicrous amount of money buying trash because they easily get this money so if people can pay a lot of money for a wack hip hop artist, why can't they do so for a piece of content online that radiates more value? It's simple money itself carries no power.
The world is filled with "the wrong people" holding the "right money". I believe this is the case. At the end it's only the right mass adoption of the people with the right mindset that can actually create the right virtual setting of what our physical world should be like. Blockchain is changing the actions and decisions of people when it comes to value.
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Crypto has ushered people into the age of abundance and this makes the world a web that spins around opportunities and prospects of abundance.
The world -- and all of nature and it's rhythms, runs on principles of scarcity.
(I'm not sure why people seem to forget this most fundamental of life's principles)
Truth is, real value is when a prospect is priceless and a money doesn't define its worth.
If you cannot discover price (value is subjective) with money, there is no economy.
But then there's nothing logical about money; people determines what's more valuable and not money itself.
Ergo, money is logical - it 's the vehicle with which value is exchanged.
While we live in the age of abundance, there's still scarcity.
Your definition of 'age of abundance'?
Scarcity is the reason behind the economic decisions of a lot of people but then before the age of abundance can finally take hold, people would need to spread value in other to get back value and this is how the world should work.
Scarcity is the mechanism by which all of nature works.
Humans are part of that natural world.
Scarcity is negative feedback loop, that creates stable ecosystems.
Abundance is a positive feedback loop - and they result in unstable ecosystems.
At the end it's only the right mass adoption of the people with the right mindset that can actually create the right virtual setting of what our physical world should be like.
People with 'abundance mindsets' is not a natural default position.
....I would posit that the perspective of 'abundance' - i.e perpetual growth - is a form mental instability, if negative feedback loops are the default setting found throughout all of nature's self regulating mechanisms.
It basically isn't, from a psycological point of view it if isn't, inasmuch as you're talking from an economic standpoint which I understand, this isn't all there is to money in itself. The emotion people put in when spending money make it illogical and its more about behavioural economics.
Money is an economic tool. A token representing value.
The emotion people put in when spending money make it illogical and its more about behavioural economics.
No it doesn't.
It might make people illogical, not the money - its has no sentience or emotion, it's a tool.
Behavioral economics is an attempt to explain the psychology behind economic action - which is a separate issue from the tool of money.
Confusing the two, or trying to conflate the two, is creating a word salad. (I hate salads. lol)
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I love this line from your write up, I think we tend to judge value by looking at the monetary side of a particular subject, I'm sure we go through that on Hive where the blockchain is valued based on the price of the token and neglecting the developments going on here.
I always believe, love crypto/blockchain and the money will follow you one way or the other.
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Yeah earlier on when I started out it was all about taking care of my need for the moment but then I realised its only those who build for the long-term that will even enjoy the utility of the value that the chain brings.
Hive will eventually evolve even if we're in limbo at the moment. It will eventually be better in the long run and hopefully too.
For me blockchain give freedom:
Financial freedom
Freedom of expression
Freedom of thought
and also Freedom to dream
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The price is written in Jello...you can pay a lot for a little or little for a lot...it all depends on who is buying and who is selling. Thanks for making me think about your post.
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