Technology and Progress

The market decides when there is little to none manipulation and investors understand completely the value of an asset.

For smartBCH this small market we have had many irregularities since the beginning with the total value in the market for some reaching very high since the beginning, but gradually, or fastly declining soon after.

Every market is the same. There are promotional activities, communities, investors dedicated to their assets and holding tight for a lifetime.

Maybe it is best not to sell when there is inflation risk, although when this is combined with reduced economic activity then this is a serious flaw looking only in one indicator and missing the big issue that is progress.

The progress in technology and the advancements we will meet have no boundaries.

Technology will advance to an incredible point

There are two major factors that contribute and increase the wealth of our societies:

1) The increase of population.

2) Technology

The global population increase and its effect on progress in economic growth and economic activity is obvious, especially with the profound increase our race has witnessed since the previous century.

A hundred years ago the world's population was less than 2 billion, while today we are approaching if not passed 8 billion. In just 100 years, we are 6 billion humans more inhabiting the planet.

We may have reached today in a phase of our human evolution where technology will begin shaping our body and DNA. Basically, we discovered DNA, which is the most important scientific research so far and can contribute to reducing diseases and boosting our body and brain functions.

Research is moving rapidly lately, although some conditions within our economies are creating major setbacks, pushing us back a decade or two instead of moving forward.

For example, back in 2007, right before the big financial disaster there was major research on hologram technology. Yet, with the cutbacks in funding due to the collapse of the economy, research in this sector was stalled. We know for a fact that CEOs will cut funding in R&D thinking it will save the short term possibilities of the private companies.

Any economic disaster like the one in 2008 has an effect in the progress of our race. Sadly, the shortsighted executives are running the businesses under a short horizon of profitability. Investors demand profits immediately and punish private companies when they do not deliver.

As economic models we tested many, but all have been centralized behind one government either by voting it or by this government seizing power. We may be today ahead of a different model, one that will decide progress and remove the cost of government from the operational level.

A government is needed in societies that can't achieve independent thinking. Governments were formed to create better distribution of resources by allocating each individual into a certain task. This allotment is based on specialization that brings better results. People demanded to have a model and someone to lead them, without having to deal with everything.

This time the government is leading without anyone asking to. It is not a necessary evil anymore, it is not necessary and there are options.

Finally

Many felt at difficulties they needed guidance, and may often felt the government looks after all our needs and will intervene to protect us. If this was the case I would love all governments, but it is not.

Technology creates some interesting concepts and it all depends who and if anyone will be in control next. AI governance and perhaps the concepts of decentralized networks are not distant any longer, perhaps we will find some interesting developments in the next few decades.

Tests in AI governance have been performed and keep inproving, although they brought some interesting results for the unproductive percentange of the 1% controlling the wealth.

Didn't mention the part of this 1% that produces and helps humanity but the part of this 1% that doesn't provide equally as the rest to our societies and it is a big percentage of the 1%, with trillions of dollars wasted, sitting without offering anything in shady tropical Island-nation banks.

Stalling progress is in the interests of those funds, their fund managers, and those paid well to keep such progress at unpopular state, cut funding and stall anything that threatens them.