Stalking The Wealthy.

The Splinterlands server went down, which is probably a good thing as I was entering into that "mindless stare" mode, and not paying attention to what I was really doing. One thing about bots is - they don't get tired.

Some people used to think I was a bot due to consistency.

I wish!

Wouldn't that be awesome? Well - perhaps not... it would be mindless. But you know, not having to sleep or care about brushing teeth or going to the toilet. Just 24/7 crypto. All day. Every day.

Do you know what makes that picture above?

Not the cute Panda.

The bird.

There is a seagull fling in on the left side and it looks like it is stalking the balloons, looking for the weakest of the herd to pick off, while the others huddle in fear.

Safety in numbers.

Unless you are the weakest of the group.

You know when a company lays people off and they say,

"we are letting 10% of our staff go"

Even if they don't want to leave.

If the company has 1000 people in it, it isn't a 1 in 10 chance of keeping a position, because around 70% have nothing to fear, because they are the ones who are performing. And another 10% are likely protected by relationship or position, leaving 20% who are on the chopping block. So, if you are in that group of 200, there is coin toss between keeping and losing your job.

Those aren't great odds.

But, someone has to be in the bottom 20% of the distribution.

It is kind of like with the lottery and people say "someone has to win", except that being in the bottom 20% of workers at a company isn't usually accomplished by dumb luck. I am definitely not in the top 20% at my company, but I don't think I am in the bottom 20% either - so I am possibly safe if we were to run into issues.

Score!

Yesterday I was reading how JP Morgan has decided to replace real estate with crypto as its preferred alternative asset. They also say that its current "fair" price is 38K. However, there are other banks tipping that it will fall to $8000 instead.

I wonder, which will be right?

The news doesn't care - they will post FUD one day and then hype the next without blinking - like psychopaths killing the neighbor and then going home to read a bedtime fairytale to their child.

Since I am a "believer" in crypto, I think that the economy over the next 20 years is going to be torn apart by innovation, and the bottom 20% that don't start pulling their finger out, are going to get laid off. The top 20% are going to be the ones who get in early or innovate successfully - but the 60% in between, well they are the ones who opt-in late so they don't benefit much, but they do survive.

This probably works for most things I guess, where the strongest end leads, the middle gets dragged along kicking and screaming and, the weakest end fall off the back to be picked off by predators.

The economy is definitely predatory.

The thing is that in the current economy, there is only a narrow slice that have teeth, so no matter how large the pack is, those with teeth can just munch at the edges, rest under a tree when they are full, and once they are hungry again, start munching away until eventually, everyone is consumed - then, they prey on each other. It is a constant process of consolidation in a "Highlander" kind of way

There can be only one.

Is the reference too old for you?

What I like about crypto is that consolidation and monopolization kills it, as it requires decentralization and distribution to be at its best. All economies do of course - but when economies are governed by the few instead of the many, the few will dictate terms in a process toward absolute power. Yes, the economy and those in it aren't performing at their best and it will eventually collapse - but that is another generation's problem to deal with.

From an economic perspective, what needs to happen is the redefinition of value and a decentralization of the currencies of trade, so that power can be wrested from the hands of the few and returned to the many. It isn't about taking their money though - they can keep all of that shit - it is about making our own tokens valuable enough that we want to use what we have created, more than what they have given us.

Obviously -

easier said, than done.

If only I was a robot - Then I wouldn't care.