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The year was 2016 I had just read an article about this new technology called bitcoin. I had not read the White Paper yet or gone down the rabbit hole! It is here I found a game that had a BTC faucet attached to it, and after so many satoshi’s had been earned, you could remove them to your own wallet. It is here that the BTC ecosystem was starting to evolve from its earlier days with BTC dice(Erik Voorhees), to the game I was playing, to the many people, buying things with it on the dark web. More and more circles to the bitcoin ecosystem were being added and growing by leaps and bounds. On December 24, 2016 I received my first sliver of bitcoin of .00012342. From this game to many others we can see the revolution of the “gamification” of money and Finance take actual form with bitcoin.
The earliest examples that we have of this are the early gambling games that go back over a thousand years for silver, to the casino games that we enjoy to this very day. As gaming evolved and gambling became illegal or restrictive around the country, these games evolved into games that offered points, or tickets, and these could be transferred for prizes or money. The next BIG development we have is the advancement of the pin-ball machine. This gave the owner the ability to earn money and literally just give the customer an “experience” and nothing more. Fast forward to the 70’s and we get PONG (I actually had the home version my dad had bought) Then Pac-man, Space Invaders, Breakout, Dragon’s Lair, the list goes on and on! As the home system invasion, started to occur in the early 80’s, from Atari, to Coleco-vision, to Intellivision, their is one system that outsold them all, and it will forever go down in gaming history and in 1987 NES was released! It his here; the ICONIC game Super Mario brothers where we literally have the fusion of a game where the sub plot is to collect as many coins until you reach the flag. Now, all be it these have no value, they had value within the game. 20 years later and the computer age is in full BLOOM with advancement of the internet, millions of new jobs, entire sectors, and companies are built; and a whole new infrastructure is developed to handle almost ALL data and information. Even though there are many great features and tools and applications that make our lives easier and better. They had still, not yet figure out the “double-spend” issue with digital currency.
The year is 2008 the global economic collapse is imminent, a programmer, hacker, cypher-punk, genius, named Satoshi Nakomoto releases the WP October 31, 2008! With the geneisis block just 3 months later SATOSHI signed the initial block with an economic warning to the world! Eleven years later and we are in the same boat again! The debt is overwhelming the markets are being manipulated by the fed and the banks are starting to realize that holding all this customer data and the SWIFT system maybe not be the solutions for the digital age. As we get lectured from the old regime from the likes of Warren Buffet, Charlie Munger, Jamie Dimon, to the infamous conference call from Goldman last week, we are witnessing a changing of the GUARD.
These parties claim that Bitcoin and cryptocurrencies have no value or try to equate it to some MLM scheme which it is CLEARLY NOT. Before we made it here let’s just go back to 2016, just at the basic level, the miners (rewards), the fees(miner fees), and the game I was playing, gave it tree levels of value of which there a many more. In 2017 you could purchase exotic cars, properties, GOLD, or other goods and services!
The year is 2020 we have BTC spot trading, high interest earning accounts; earning anywhere from 3–7% on your BTC 7–10% on “fiat” coins (stable coins), there are BTC futures (CME paper and BAKKT), their are BTC IRA’s, BTC 401k’s, BTC options, BTC leveraged and margin trading, platforms where you can short the traditional markets using BTC! Bitcoin is literally the only asset in the WORLD that can consume any other asset, think about that gold, silver, platinum, land, oil, ETH, LTC, USD etc. etc. Everything in the future WILL BE incentivized from watching streaming content, to playing video games, to even erasing your emails! Yes even right now as I type this I am earning BAT and TFuel at the same time! There is a company called cyber FM that pays you to listen to music or podcasts! TFuel, can be earned by watching and streaming on the THETA network!(EARN here: www.theta.tv/invite/q804yke) Simple has an app called PEPO which is like snapshat where likes are tokenized! Multiple financial products are built on ETH (Defi)! So they are doing it, they are incentivizing everything and they are doing it to make things cheaper and eventually much more secure! Even pictures will be secured on the blockchain, I know that sounds crazy but let me give you a couple examples. Just a week ago JK Rowling got CT in a frenzy, and many people on CT were having a field day! If JK’s photo were on the blockchain all the scammers and jokesters would not have been able to copy and use that particular photo to fool a lot of people! Yesterday Charlie Shrem had commented some one should pick the domain name GoldmanSats.com I went to Unstoppable domains and picked up GoldmanSats.zil it didn’t cost that much and I paid with LTC even though they had my email ad some customer info that transaction info was for a spent LTC UTXO address, that’s it no bank info, or CC, or debit card info, NADA! Much more secure in my opinon! This is where we are at folks! So for these dinosaur investors to say they have no VALUE well they are NOT, paying ATTENTION.
- Cryptocurrency
