Friday Finance 5/20/2022: The Reconstruction Era

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It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

If you live in the US or you know much about our history over here, you have probably heard of the Reconstruction Era. It is the time after the Civil War when the country was picking up the pieces and trying to move forward. There was lots of finger pointing, lots of agendas being pushed, and a lot of shifts in politics and thought.

I'm not saying the current crypto situation is anywhere nearly as significant as the Reconstruction Era, but there could definitely be some parallels if you were to look hard enough.

It looks like we are definitely entering a time of regrouping and rebuilding. Many people think it is the start or middle of crypto winter. I have seen some reference it as a bear market that actually started in November 2021. I don't know about all of that, but what I do know is that $28K to $32K seems to be the new $38K to $42K for BTC that we were bouncing around in for the past couple of months.

Everyone has been collectively holding their breaths waiting to see if BTC is going to drop even further and bring everything down with it. I think I mentioned this the other day, but it is definitely rough seeing alt coins drop to the single cents range when they used to be pushing a dollar.

It's hard to say where we go from here.

Mark Cuban

I've been following Mark Cuban for a while now. While not quite as vocal as that Saylor fella, he often comes out with some good quotes or interviews that gives me some hope about the mainstream media coverage of crypto.

I may have talked about this already, but I think his recent comments about crypto being in a period right now that is like the early days of the Internet is very accurate. He has talked quite openly about how the .com bubble kind of imploded and the companies that we see as tech giants today are the ones that kind of survived that and have moved forward.

Clearly the fall of LUNA could be viewed in the same light. Keeping that in mind we should see some of these alt coins falling to the wayside and the biggest kids taking over the playground. I am not quite sure that is happening yet. Despite the price drop, many of the altcoins are still hanging around. I think with some of them the community is just too strong. Either that, or it just doesn't take as much mainstream success for something to grab hold and thrive like it used to.

I really hope it is the latter. That should give a lot of hope for startup chains and companies that they can still be successful in this environment.

Holding the bag

Normally, the connotation of that phrase is pretty negative. It means you got stuck taking the blame for something or similar. @cryptoandcoffee used to do a post series where he would take common phrases and explore the history of them. My guess on this one is it has to do with bank robbers and getting caught by the police holding the bag of money while your partner gets away scott free.

In my case, holding the bag is a good thing and it is what I plan on doing during this "whatever you want to call it" market. I have worked very hard over the past couple of years to build up some passive income streams. PolyCub, Cub, Splinterlands, Hive, Alien Worlds, RPlanet, Rising Star Game, ListNerds, etc.

It might only be a trickle here or there, but it all adds up over time and by the time we hit the next bull cycle, I will hopefully have a nice stack built up to make some smart moves for my portfolio.

In the mean time I will just be sitting here holding my bag watching it fill up.

Listnerds

You've probably seen me talk about Listnerds (LN) more than a couple of times now. The fact is, it has become a big part of my daily routine. Until I see how it is going to play out fully, I plan on hustling pretty hard on LN. If would like to increase the traffic to your posts and you are interesting in learning more, feel free to use my referral code. If you have specific questions, look for me on Discord. I am usually active in the Leo Finance chat General room. Just ping me and let me know you want to have a DM about LN and I will add you as a friend then walk you through the process.

Sports Talk Social - @bozz.sports

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39 comments
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem

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First of all, this is my first time reading from your series and I must say it has a lot I can learn from. And I'm taking how the resurrection era is kind of related to what's happening in the crypto market today...

As for the holding the bag logic from your own perspective, I think that is what most people in the crypto spaces are doing now except of course, those who have emergency needs or don't trust the system anymore... Too bad.

About the listnerd (Is it nerd as in nerd? 😅) I'm interested in what it is really about... Bringing traffic to my posts how? Would love to know 🙂

I'll come find you on discord I guess

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Yes, I think we are still early and if you have a lot of faith in a token, it is well worth it for you to hold as much as possible. Do your own research of course.

Listnerds allows you to send out targeted emails with your Hive posts linked in them. At highest paid level you can reach 5000 additional contacts who you normally might not have access to.

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Holding a bag is good when you believe what you hold in the bag is worth holding 😊.

Listenerds? Is it another front end for hive or something different

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Listnerds is a mail marketing service attached to your Hive account that many people are using to share their Hive content to increase interaction and following. It allows my posts to reach 5000 additional people who I normally might now.

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🙈🙈🙈

It went above my head how a mail service would help you reach to 5000 more people 🤔

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I will try to write a post about it next week.

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I agree I still feel like we are in the very early stages of crypto. There's going to be a lot of hard lessons and failures but also massive successes on this road and it's still high risk much like the dawn of the interest was.

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Yes, very true. It's kind of hard to believe when you consider many of us have been here for four or more years, but it is still so early!

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Are you talking about the time when tamahawks were buried, and scalps ceased to be a means of payment?)
Very interesting time, I should read more about it, somehow, this US period, passed me by, I lost what became the border between the war of the north and south, and before the start of prohibition, lol, bye. in fog)

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Yeah, probably around that same time. Maybe a little later than that. I think the mass movement of indigenous peoples happened around the time of Andrew Jackson. The Civil War didn't happen until later with Lincoln. I see that you remember the important stuff, so that is all that matters. Silly prohibition!

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I was born and raised in a country that many remember as the USSR, I think you are familiar with the political system of this country and the direction of agitation, the attitude towards Western countries, including the United States.
Much of US history has been omitted and the focus has been on the period of the slave system. The book on which, of course, Soviet schoolchildren wrote essays was Uncle Tom's Cabin by Harriet Beecher Stowe.
I remember how I was in the hospital, my mother brought me this thick book, as required reading, as required at school. But, fortunately, other novels were also available that opened the veil over the history of the United States by Jack London authors, novels by James Fenimore Cooper, O. Henry, I won’t talk about science fiction writers, which I read almost everyone and everything).
Therefore, I am inclined to admit that there are still many blank spots in my knowledge of US history, despite the film The Patriot starring Mel Gibson, who did not want to tell anyone about a certain period of his life, or, about the period of the civil war, as I understand.

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I will be honest and tell you that I grew up in the 80s so just as your learning was clouded about the US, mine was just as clouded about the USSR. I guess that is just a byproduct of living through the cold war. I think it is a pitty that the heart of the eastern European culture was "hidden" from us as I imagine it is rich and vibrant. you mentioned some fantastic authors. I hope you got the chance to read some Asimov, Norton, and Heinlein in your sci Fi explorations.

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That time, for fantasy lovers, should be divided into two stages, before Perestroika and during Gorbachev's Perestroika.
Asimov, Sheckley, Bradbury, something from Garrison. then it was "The Unstoppable Planet", the beginning of the "Moralist", you could find and read. My grandmother was a librarian and I asked her to select literature for me to read. Asimov I attributed to thoughtful reading, Sheckley wrote light, sometimes very funny stories, and Bradbury is prone to psychodialic fiction, lol, sometimes there was a heavy residue after him. Harrison is impossible not to love, during perestroika I read everything he wrote and understood how poor cinema is. I couldn't understand why no one is filming Stainless Steel Rat lol. I visited Barsoom even before the film adaptation, reading Burroughs, Asprin gave vivid impressions of the journey between reflections and the excellent humor of the Shutt company, 9 princes of amber, with each new volume, became more and more like the Three Musketeers, 10 years later, 20 years later and Vicomte de Bragelon, I think the first book is the most action-packed), Norton with worlds similar to the worlds of Tolkien and Highline, with his dislike for bugs), appeared in my library later .. it's hard to tell everything in one comment.

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That is quite the list there! My parents always took me to the library as a kid, but never anything like you were clearly exposed to! I can tell how much you love those books and authors by the way you talk about them.

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Let's just say, these are the books of my childhood and early youth, now I have one, the main book, which is also read in the USA)

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I have been slacking off on Listnerds because it's already 1AM by the time I get done with catching up on LeoFinance lately at night. I do plan on going back through my Listnerds mail eventually but I am just too tired at night lately.

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I hear you! It builds up quite quickly! I'd plan on allocating twice as much time as you think you will need towards getting through it!

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Some good writting there and with the hope that we learn from LUNA and hive becomes what they could not :)

looking forward to the next one

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Yes yes yes on all counts there and a great big thank you as well!

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It is probably still too early for crypto's "dot com bubble" to burst. We will have arrived at that point when new crypto projects, no matter how good, can no longer find funding from venture capital or private equity firms. Then we will be able to see which project has the economics to survive. And then we will also see who is "swimming naked". And I am pretty sure Hive will survive and thrive!

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I hope so otherwise I have wasted the last five years of my life.

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