Another year spent for the future

in LeoFinance7 months ago

I turned 42 today - well, technically yesterday now, as it is pretty late here. Last year on my birthday, I bought myself a few hundred euros worth of Bitcoin, which turned out to be a pretty good buy of what I think was a dip price we will never see again. This year, I got a jam donut and a coffee for breakfast in bed.

While I should be in bed, but I was waiting for my CAKE CUB to drop, so I could get it staked before turning in for the night. While it took a bit longer than expected, I have to say the LEO team did a fantastic job of making the process very clear and clean. I think I have gone a little heavy on the Cubdefi platform, so I better cool it. But as I said last night, this is going to change the world.

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Not just this particular pool of course, but pools in general, as while in time the crazy APRs will disappear, they will still be able to maintain a greater return than banks will be able to offer, as they do not have anywhere near the overheads to maintain them and, they allow anyone to get into them to start taking advantage. They will be able to undercut and relegate many financial services into irrelevance, while supporting real people to do all kinds of activities that add value.

One of the massive benefits of decentralized blockchains is that the blockchain itself is indifferent to the value it carries and has no interest in skimming anything off the top to maintain itself and buy a yacht. The investors into it keep it running and get a return for doing so in various ways, but due to their decentralized structure, none can commandeer the chain and if they get too greedy, they will be left without users - as no one is forced into using any of the blockchains and all can get off the ride pretty much where they please.

For example, I am not sure who is paying the exhorbitant fees on Ethereum anymore, but I wonder how much of the price of GAS is going to getting the tokens to the exchanges to sell them or, move them to cheaper chains. The Binance Smart Chain is a good example of how willing people are to move over from Ethereum due to fees. But, once things normalize, people will look for stability and since there will be so many options and so many people will be using DeFi as a place to store their value and as their banking services, people will be less prone to moving and more willing to group for stability.

I see a time where all of this becomes so rote, that no one bats an eyelid at how it all works, they can just trust that it does and that they are protected from monopolization as there are not only so many participants, but all have a very high degree of mobility. This means that people will opt-in on every aspect of it and if it isn't working for them, opt-out. There has been very little by way of ownership like this before.

What DeFi is setting up for and especially as more value increases the "purchasing power" of crypto, is people backing people, by backing the value of activity. Essentially, all over the digital landscape will be a multitude of digital Fort Knox - where massive lumps of digital assets from millions of people globally, can be clumped together to back all kinds of things like stable currencies and businesses, all from under one roof, while existing nowhere simultaneously.

The gift of the coming technological revolution of economic practice, is that it anyone will be able to take part at whatever level they can and still benefit based on their input. But, the input isn't going to just be on investment in, as that investment is going to be far more aligned with activity than the current economy. What this can mean is that valuable work actually gets valued with more sensitivity to the value it brings.

Currently, the highest paid people in the world on average are in finance, but is what they do actually valuable, when they have been replaced by a largely autonomous technology that does the job better than them, and take no salary? However, a nurse will still have value, as will a plumber. This can mean that in the future, jobs of real value will be more highly rewarded than they are today and the currently highly-rewarded, rent-seeking jobs will disappear.

For the last few decades, the amount of resources that have gone into wealth creation without adding real value is enormous and they have been very, very successful. While the nurses who care for us at our worst are unable to make ends meet, those in finance can sit back and do very little that helps anyone, but earn eye-blistering amounts. This disconnection from reward to activity and massive asymmetry in reward for activity, is causing all kinds of problems in our globally spread societies, from war to famine, drug abuse and depression. The reaction to the conditions is building momentum and unless something comes in to create a more balanced framework to build upon and support the well-being of all, we are headed for a great deal of suffering, no matter if rich or poor.

While I can't have my wish for a better world for my daughter and all others in the future come true from blowing out a candle on a jam donut, I can make decisions toward what I think will increase the chances of heading in that direction. Economic empowerment is a massive part of a better world, but it isn't about the money, it is about the structure of the system itself, where people are incentivized to act in the best interest of themselves and others, much like the small tribes of the past, just at several orders of magnitude greater in scale.

We can organize ourselves, fund ourselves, empower ourselves. No middlemen.

Though, there will still be middle-aged men. Like me.

Taraz
[ Gen1: Hive ]

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Belated Happy B-Day.!!

Cheers mate :)

TY.!

Happy birthday my man!

It is the little moments of blowing out a candle on cupcakes that we will look back on the most. WHile you are making good financial decisions based upon a revolutionary financial system, we are doing it for our families and lifestyle. Some are just doing it a little better than others!

40 is the new 30 so I don't want to hear you saying anything about middle age til you are at least 50!

Let us work for our family and the well being of all til we are ready to cash in.

Happy Birthday!

Cheers!

40 is the new 30 so I don't want to hear you saying anything about middle age til you are at least 50!

@galenkp - you are definitely middle-aged, it seems :D

Let us work for our family and the well being of all til we are ready to cash in.

This kind of sounds like "til ready to die"

Perhaps that is the way it is more likely to go. :D

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Hmm yeah, looks like I'm totally screwed.

Happy birthday for yesterday!

Screenshot_20210311_094607.png

I can't draw jam or doughnuts apparently

The defi stuff is still well and truly over my head (but most things to do with numbers is and guess what money is primarily, there's reasons why I appear "oldschool" and insist on using cash, I may not be able to process numbers but I can see amounts of things). I really wish I could convince J to look into it more, he'd get it and know what to do with it. He's been looking into p2p lending recently so baby steps I guess? -_-

I am not sure who is paying the exhorbitant fees on Ethereum anymore

Everyone doing NFTs. Sure there's nftshowroom and lensy here and hive engine seems to be doing a thing too but stuff like MakersPlace and Rarible (both on ethereum) have critical mass.

Hope the defi stuff works out great for you and that you got your drops :)

I can't draw jam or doughnuts apparently

Thank you. It looked a lot like that! :D

He's been looking into p2p lending recently so baby steps I guess?

I like cash too, but in Finland now it is harder to get, as they keep taking ATMs away. Wouldn't he land on crypto pretty soon? :D

I find it weird that people are using Ethereum for those things - especially if they are going to be high volume

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Probably taking atms away trying to force people to use electronic money while (not incorrectly) claiming it's because people are already using card anyway because it's more convenient and the atms were getting too costly to run.

I had parenthesised text there but removed it because it was getting very long XD

I've been trying to get him into crypto (specifically hive XD) for the last couple of years; the last actual conversation we had about it he said something along the lines of not knowing why people would take the risk on something unsecured and unregulated. I did say he could invest $10 rather than $10k (or whatever huge amount you need for normal stocks) but I don't think he wanted to hear me (or just couldn't comprehend this because used to dealing with larger numbers with stock markets). He got exponentially conservative with the arrival of the second child and again with the purchase of the house and the third though.

They keep complaining about the gas fees but critical mass => more eyeballs => higher prices I guess.

Horay for the middle aged guys! :)

Yay for us :D

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i wish it was easier, I only got $0.075 or so on the air drop, (most of my leo was sent elsewhere), I still do not want to see it burned so I needed to get a BSCscan address, so I signed up, but I have not been able to find what my wallet address is on BSCscan, but I have a little less than a week to figure it out.

Oh...Happy Birthday

I know it is not a lot of cub, but it was free and I will figure out how to get it to where it needs to be or sell it. So at least one person from 3 years ago is slowly learning and transitioning, and I am older, so the young will figure it out eventually also.

The wallet address should be the same? I did mine through Metamask - so I can help you if you did also.

and I am older, so the young will figure it out eventually also.

You'd think it wouldn't be too hard for many of them, considering the other things they do digitally.

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I got that meta mask extension, and went to the BSCscan site and the meta mask popped up, and there was one account called Account 1, and that had a crypto address, so I used it and it seems it worked, $0.075 cub disappeared from my HE wallet,

cubpic.png

So hopefully it went to me, somewhere.

I went to the BSCscan.com web site and created an account there. I am not sure what meta mask is, something I have been meaning to look up just have not got around to it yet. I see something about api-keys, and address private notes, but no where for what is my address. I plan on trying to take a look and do some on site reading in the morning when I think better.

¡Happy Birthday Bro! :)

Mine was a few days ago and nope, no cupcake for me that day. There would not have been enough room in a cupcake for so many candles. Hahahaha.

And yes, I didn't announce it publicly at the time because I had already done it many times before. So, I only left it for those who already know me well to see who remembered it. No one here remembered it. Which means that we are doing well and according to plan. };)

But the most important thing of all here is to know that we are both Pisces. So, we probably share the same traits of idealistic dreamers with a high sense of brotherhood, equality, freedom, compassion, generosity and justice.

Although I suspect that you, because of your youth, you are still the fish that they draw going toward the right and I, because of my age, the one that goes toward the left because I am already pretty much close to my way out of this world.

And now, just let me check that Cubdefi platform to see if by chance I was also sprinkled with some CUB in my own wallet before it's too late.

And for the rest of the day. Yes please, enjoy your glorious 40 with the family. You youngster!! :)

Not many remembered it here for me either, though it was in a post last week. I don't mind. For me, it just gives a starting point to write from.

But the most important thing of all here is to know that we are both Pisces. So, we probably share the same traits of idealistic dreamers with a high sense of brotherhood, equality, freedom, compassion, generosity and justice.

Maybe not justice. I have found that what a lot of people see as justice, is actually revenge.

Why is right and left a thing?

You will find the CUB in Hive-Engine or the LEO DEx :)

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Not many remembered it here for me either, though it was in a post last week. I don't mind.

Yeah! I suppose that if they aren't slapped by an intrusive reminder like Facebook have for those days when they are bored with no idea what to post that day, none of them would remember to say Hi to their contacts that are getting older that same boring day. LoL

Maybe not justice. I have found that what a lot of people see as justice, is actually revenge.

Yep, seems like everyday emerges and there is a whole world of new etymological definitions and semantic interpretations for many old words. };)

Why is right and left a thing?

Simply cause there are lefties and righties in the zodiac you know? LoL

You will find the CUB in Hive-Engine or the LEO DEx :)

Do you mean that on Hive-Engine or in LEO DEx I can know if I received some CUB through the airdrop?

Happy birthday. I passed 40 myself, 3 years ago. With age come wisdom, they say. But this must not be entirely true. Enjoy life!

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With age come wisdom, they say. But this must not be entirely true.

Perhaps this is the wisdom - realising that getting older doesn't bring wisdom :D

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Wow, this is the coolest thing ever that i have read today. Ha Ha!

I turned 42 today - well, technically yesterday now, as it is pretty late here.

Happy birthday!

42 cakes and one candle? or 1 cake and 42 candles?

This year, I got a jam donut and a coffee for breakfast in bed.

that is also nice.

Though, there will still be middle-aged men. Like me.

Now I feel a bit younger. thank you.😜

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My wife knows I would eat 42 cakes, no problem. So it was 1:1 Cake:Candle :)

As they say, youth is wasted on the young ;P

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Oh Happy Belated Birthday! Hope it was the best ever! Nice little birthday gift of Cub to join your jam doughnut and coffee. Makes you wonder the next one will bring :D

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Thanks!
I am hoping 43 will bring me the option to retire, if I ever chose to :D

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The best gift one can buy for their birthday, some good priced Bitcoin hahaha. Good for you! I agree that there are many jobs much more "valuable" in the sense of being irreplaceable by a robot which are undervalued now. Maybe in time some balance will be achieved. Nurses have indeed a vital role, society could not function well without them

I think a lot of the low-paid, codifiable work should be replaced, but I also want there to be planning for those put out of work.

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I agree on this one too. It is a waste of human potential to do repetitive tasks as a job. In the future robots could perform in this area while humans can focus on being creative

Ah I forgot to leave you a fat free cake too, a virtual one, no calories hahha. I also left one to Galen. Virtual cakes are the best, you can fantasize about eating them without gaining any weight haha. Happy bday🎂

I wish virtual exercise burned calories :D

Thanks!

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Hahaha that was a good one😂😂

Happy birthday, getting bitcoin for a birthday gift really turned out profitable. Aside from the airdrop on leofinance, I hope your day turned out fun

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