So I just got done reading the old man’s plan for a new America. After skimming through it I begin to realize that the writing is truly on the wall. Frankly, it solidifies my assessment that the legacy system has run it’s course. Trillions will be pissed away as usual.
For the politicos and well connected it could prove to be high times however. More fiat for programs that can be siphoned by power brokers and bureaucrats. And 80 billion for the IRS to hunt wealthy tax cheats. Sounds draconian to me.
If you have a chance most should read this plan. It will give merit to 2 notions: We need term limits for all politicians. Politics and money should be separated for all time.
Now the first will be a challenge. Politicians love their comped lifestyle. And telling them to do something else with their lives will not go over well. Yet, it will be necessary in the coming years.
By default the blockchain has separated the legacy and political sphere. Although many will puff out their chests with regulation banter the separation has already occurred. This is good for the people and those who have prepared.
So as the legacy system begins to lose confidence we need to focus on the tokenization of everything. Frankly, if it exists it can be tokenized. Gamification is going to play a huge role in this process. Fun and making money will now go hand and hand.
Life itself will now become a game to be played. Augmented reality may also play a role in the tokenization process. Imagine going into a virtual store and earning tokens just for browsing. And these tokens can be used to purchase merch or Bitcoin!
Or gain tokens for planting trees or plants. An act of kindness for the earth and you get rewarded in plant tokens. And you don’t need a silly climate change tax bill to green the earth. Study human nature and the truth will reveal itself.
People love to be rewarded. It is why people get in their cars and go to the office daily. Or why some people participate in the various reward programs. It is just in our nature.
Blockchain can begin to make life more rewarding for all people. Tokenization is more then just using the old legacy rules. Human action will be the true tokenization. Tokenization of human action will be the true crypto game changer.
I don’t buy into the tokenization of certain asset classes however. Many of these projects mirror private equity dealings. They are slimy and have the legacy economics attached. Basically you need capital to get the divs.
Well not in crypto land. If we want to democratize cryptocurrency people should be able to start the game with zero..and build into substantial gains. And this is one of the reasons for the failing of the legacy system. The little guy has no chance.
Tokenization will give all people an equal opportunity to build wealth and value. No stupid credit applications required. Or begging a banker for a line of credit that will only get you to next month. Real value created with limitless potential.
In future posts I will cover some blockchain ideas for augmented reality. I really believe that VR/AR should see some sizable investments in Q1 2022. Combined with cryptocurrency it will change the way we interact with the real world. And will prove to be very profitable for early adopters.