Cryptocurrency Has To Understand About Building
Success comes from the builders. It is amazing that most builders keep going regardless of the market.
In this video I discuss how Elon Musk has lost a fortune since the price of Tesla went from $1,200 to $700. What do you think he does? Does he worry about market or is he working on building more? I think the answer is self evident.
This is something for us to keep in mind.
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sir,am new to hive Blockchain and the rest don't know much abt them and how they work i only see pumps and drop,i will really need a guidance.
Sup Master Pizza Ape :)
Market is now affected for Luna and I wish everything will be all right soon. I miss having 2021 as it was an awesome year for cryptocurrency but no problem, ups and downs just part of our life. No idea about the builders but I think they are working hard to fix things.
We are builders. And riders. This is a rollercoaster.
That's about right and a very wild statement :D
Yep. That is all we do. Keep showing up each day.
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People are amazed by the idea of independence from the current system of banking. I'd bet that deep down that's such a powerful idea, it's been driving nearly every motion in the space since the inception of the fundamental ideas behind the Bitcoin Whitepaper. Those ideas are so old, they are going back to before the 2000s.
Thinking about Ludwig von Mises, with whom I disagree a lot, he might be right about the fact that there's no global warfare without FIAT money because it's too expensive to keep up in a different money system. The solution might be crypto, but a market price is a form of true information. It's hopeful if it goes up and depressing while it dips down. I'm not foolish enough to ignore the reality of the global financing systems, but I'm hopeful enough to imagine that one day decentralized cryptocurrencies are part of the solution to bring us to the age of abundance. We need the prices to keep going up for that to happen - a lot up, that's very obvious to me. I would set the key moment to when BTC hits 500k, that'll be the dawn of an unstoppable motion.
Right now with the current price levels, the TOP300 Coins are smaller than 50% of APPLE alone. That's bad news absolutely independent of the level of the technology that's out there.
Crypto is most importantly a community project to me. A global community of technologically adverse people started to reinvent the financial fundamentals. But FINTEC is also a booming sector and people have a tendency to become more obedient the more fat they become, which could let modern FINTEC win a lot of battles out there.
We'll see, we'll see, but we need a strong evaluation of our crypto projects as much as we need the tech itself.
The problem with people such as von Mises is that his writings and research was done before the Eurodollar system was really known. Plus most economists are not truly immersed in the study of the entire banking system, including the shadows.
So they miss a lot. FIAT is an easy thing to attack but the reality is private bank money dwarfs what is done in fiat. When you look at the Repo markets and international banking system you realize how large it truly is.
The great thing is that it is a system based upon Ledger technology. Cryptocurrency is tied to blockchain, Distributed Ledger Technology. There is a huge opportunity there.
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The Madness of private transactions inside highly manipulated markets is the real problem. People work all year to earn 100k, which is 50% taxes and other loan costs. While wives of moguls who have access to old wealth turn a single watch on Easter Sunday for the same profit - 50k up the market. If you're not in the club, you won't be allowed to buy it in the first place and you could not afford to do so anyway.
That kind of madness needs to be confronted, banks are not the only players who leverage imbalanced powers. The FIAT system itself is rotten to the core and creates those pockets overtime everywhere it goes. Not overnight, but slowly and not by accident. We need to create the ability to embrace higher instability and build opportunities for parallel economies, competing economic systems which keep each other loyal to the task of providing money to the 'marks' - to the companies and people eventually.
... well at least that is one way to look at it. But what do I know?!
I agree that development needs to be paid attention to more but it looks like people are more interested in chasing after yields. Hive and Elon are both focused on building things and I think that is what we need.
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They build instead of focusing upon price. Elon's net worth got trounced of late. He will be okay I am sure but man, if he truly cared about that, it had to hurt.
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Ha Ha Ha...
I think at a certain point...it doesn't matter to the Guy who can buy Twitter. But I understand your point, he is still working 100 hours a week to achieve his goals and we should too.
:)
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Summary:
In this video, the speaker discusses the concept of builders winning, emphasizing the importance of focusing on development rather than solely on price fluctuations in the cryptocurrency and stock markets. Drawing parallels to Elon Musk's approach with Tesla, the speaker highlights the significance of continuous development and innovation in projects. The speaker questions why the crypto community often fixates on price rather than on the progress and development of projects, underlining the need to shift focus towards building and creating value.
Detailed Article:
The video opens with a reflection on the prevailing mindset during market downturns, where most individuals tend to concentrate on price changes and market fluctuations. The speaker recounts coming across a discussion on technical aspects in the crypto space but notes the absence of conversations around projects like Luna and UST, which serve as examples of builders in the industry. By referencing Tesla's price decline from $1,200 to under $700, the speaker highlights Elon Musk's resilience and focus on building despite facing significant valuation drops.
The speaker delves into Elon Musk's dedicated approach to his ventures, such as Tesla's gigafactories and advancements in rocket technology, portraying him as a prime example of prioritizing development over stock prices. This comparison sets the stage for the speaker's argument on the importance of focusing on project development within the cryptocurrency space. The speaker questions why the community tends to place excessive emphasis on price movements rather than on the progress and innovation occurring within various blockchain projects.
Analogies to the early stages of the internet and the dot-com era are drawn to illustrate the risks of prioritizing market hype over tangible development. Drawing parallels between market values and the marking to market mechanism, the speaker emphasizes that cryptocurrency projects face constant public scrutiny in real-time, unlike traditional startups. Projects like Hive, Leo, Cub, and Ethereum are mentioned as examples of assets frequently subject to market volatility, urging viewers to look beyond price fluctuations and assess actual development achievements.
Further, the speaker advocates for a shift in mindset towards rewarding and supporting projects based on their substantive progress rather than their speculative market valuations. The speaker critiques projects that achieve high market capitalizations without significant development efforts, emphasizing the importance of tangible results over hype. Ultimately, the message conveyed revolves around the idea that successful projects in the cryptocurrency space are those that prioritize continuous innovation and building meaningful solutions.
In conclusion, the video urges viewers to reevaluate their focus on cryptocurrency prices and instead direct their attention towards supporting and investing in projects that demonstrate genuine development and value creation. By highlighting the importance of builders and innovators in the industry, the speaker encourages a shift towards a more development-centric mindset within the cryptocurrency community.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.