If you read my stuff you most likely think by now that I hate crypto. In all reality, I hate cheats and scams. Someday I’ll tell you why. But for now, I promise you that is not the case at all. I see REAL cryptocurrencies as hope and think they represent the future of our world and mankind’s next step to a cultural epiphany. I love blockchain companies too. But, I do not however love all the tokens and coins pretending to be cryptocurrencies: how genius.
I explained the difference in prior posts, but the short version is that you might think you are buying into what will be the future money used by billions globally when what you are buying is in fact: nothing. The core of me hates the way that real people who work so hard for their money are losing it, and at the hands of millionaires. Ever-despising those crooked people at the top of blockchain tech and crypto that are making so much money from the ever increasing size of the market that they won’t tell you that their token or coin is not a true cryptocurrency.
While it may, or can be true, that every token or coin was created by a legitimate company that may someday do great things, that greatness or value is not in any way transferable to 99.9% of coins and tokens. Why, because not all coins and tokens are or can ever be cryptocurrency or money in any form.
I take it as my job to help open eyes. That’s why my content will remain free to all here. Jon and the rest of us pay to run this site from our own pockets because we believe. We audit companies for what they can work with, and crusade for Cryptocurrency 2.0. It's to help our neighbors, known and unknown because it’s the right thing to do and also because it’s going to take education to fix crypto. And crypto can fix our world.
Think of a time when 99% of mankind could not read. That was not very long ago. There were geniuses that could not read. They expressed that genius with their hands and deeds. Look at how mankind and our world has changed since the inverse became true and 99% of people became literate?
We have geniuses everywhere now. Some of the people here qualify. But none of us are likely to change the world. It takes more. Most geniuses work for non-geniuses. Bet you did not know that. Something to do with focus and intellectual myopathy. True genius types, the kind that shape our world share a common trait. They can get the rubber to the road and press the pedal to the metal. I can define true genius in two ways. The tool users and the tool makers. Then there are visionaries that are not necessarily geniuses, sometimes they are more, much more. Try to decide from the list below who is what.
TOOL USERS, MAKERS and VISIONARIES
The people below changed our world. Some built on the work of others. Others gave us new products. And still others simply consolidated existing products and services in more efficient delivery. These people are geniuses, tool makers and tool users and sometimes visionaries, or combinations of all of the above. They all created wealth. Millions of every day people became millionaires or billionaires from their work. If you look closely you will see two trends, one obvious and one extremely subtle. In their time each was a pioneer. Many of the people on this list found ways to build and improve on the work of the visionary before them. Bezos took the analog Wall Mart model to the internet. Consolidation.
Geniuses?
Sam Walton - Walmart Founder. In 1962 Sam Walton created big box stores. He was the first to bring the power of retail consolidation to a level that drove all the large retailers of the times to their knees. He changed retail globally.
Home Depot brought the Walmart type model to construction, Lowes founded much earlier in 1946 was forced to copy the Home Depot model.
Mervyn Weich: 1984 BJs Founder. James Sinegal: 1983 Costco Founder, the Waltons: 1983 Sams Club. All envisioned the next great step after big box in consumer interface and created the open box, big box, near wholesale, direct to consumer model.
Jeff Bezos: Amazon book and then Amazon. Bezos brought us on-line book sales and everyone laughed. He closed virtually every brick and mortar book seller nationwide. He then leveraged that into Amazon’s basic online retail and then leveraged the emerging private delivery companies, like Fed X and UPS etc. into the most integrated, direct to consumer sales platform on earth; a digital Walmart model. This is consolidation. What’s truly amazing is that EBAY was years ahead of Bezos. They had created their own payment engine and could have easily been Amazon, but simply lacked the vision to take that next step because EBAY became a bureaucracy.
UPS was founded 1907 to fill the voids of the US mail system. It filled a void, but then floundered for decades until it was forced to evolve or die by FedEx.
FedEx was founded 1971 by Fred Smith. How was Fred Smith able to create FedEx when UPS had a 60 year head start? The UPS of 1971 was an old and tired model. FedEx forced the creation of the UPS and DHL of today. Fred was a visionary. Fred leveraged the use of the airlines and airports to deliver overnight packages to major cities. Then he bought airplanes. He built a mail delivery system in reverse. Fred built air to ground. UPS and the US mail businesses were forced to become ground to air.
Robert Kahn and Vint Cerf, in 1983 they created the internet and made possible the world we live in today. Visionaries like eBTC and TIM used this internet to build basic systems that can be easily adopted and grown upon.
Berners Lee created the World Wide Web in 1989 and built the WWW on the Internet. WWW was an internet passenger that made the .com world possible.
There are certainly a few more men and women who have shaped our modern world. The second trait is this: the world, God, nature, or luck do not bless us with these people in vast numbers. Look closely, there are perhaps only 40 people in this group over the past 50 years. Yes, they and their works created infinite amounts of wealth for everyday real people lucky enough to have been there in the beginning. But, these are extremely rare and special humans. Now look at crypto, compare it to the .com craze. Crypto is following the .com madness because people forgot then and have forgotten now that the world does not conspire to pass out visionaries like discount coupons.
Behind every rags to riches story you ever heard stands one of these very special human beings. In the 90s, people thought it likely that every .com company was founded by the next Bill Gates. Of course they never bothered to look. And people today are investing in crypto as if they believe every person who can say “blockchain” is the next Mark Zuckerberg. I simply want you all to think rationally.
Read. Investigate.The odds are that somewhere in crypto right now the next Bezos is 27-years-old and changing our world. Find him or her and do not settle for less. The world gives us on average one or two Bill Gates' each year. But greed makes millions believe that the world has now changed it’s mind and has gifted us with 5,000 special humans in the past 4 years who all just happen to be starting crypto companies. Yes, it's the future, but the numbers don't add up. It is simply not possible that there is a Bezos, Gates, Jobs or Kalanick in every damned crypto currency/block chain company. And without one, you are extremely unlikely to own coin in a company that is going to change the course of mankind or make you wealthy.
