Jeff Bezos just saw his net worth cross $200 billion; Elon Musk $100 billion. These are sums of money that most of us cannot even begin to comprehend. Yet, they put these individuals at the head of the list as the wealthiest people in the world.
It also makes them some of the most powerful.
In our society, money equals power. Individuals are able to leverage their wealth for even more gain. When we start talking about enormous wealth, the conversation then moves into the area of control.
Our system is a controlled one. It is easy to conclude this simply by looking at the results. Income and wealth inequality keeps spreading. The middle class in the developed countries is being eliminated. Our "elected" leaders pander to the corporations and special interests that are owned and funded by, you guessed it, the wealthy.
The wheels are kept spinning by tightly controlling the narrative and giving out a few bread crumbs here and there.
Both Bezos and Musk are making their fortunes by pushing their companies deeper into automation. While Amazon is praised for its hiring, the truth is the company seeks to be a DAO when it comes to their retail operation. It wants to have an end-to-end process, from order to delivery, without the use of humans. And they are far from the only company looking to do something like this.
Cryptocurrency is a way that this can be countered. While still in its early stages, it provides humanity with a tool to fight back. Ultimately, it this plays out right, we can see cryptocurrency start to lead us towards a post-monetary society. However, before that happens, we will see a battle waged. For most, crypto is the mechanism which this can be done.
Many in the crypto world talk about Lambos and "mooning". The focus is on wealth for the shallow idea of what it can buy. It is a way to feed the ego and an attempt to fill the hole that resides deep within many. That said, wealth for the sake of wealth is not the goal here. Instead, we need to focus upon what can be done with it.
Humanity is in a battle. The forces of tyranny are closing in. This is not a political statement or some nutty idea coming from way out. Just look around at what is taking place. Governments are using COVID-19 to amass more power. Humans are being fined for simply leaving their homes without a mask on. At the same time, mega corporations such as Apple, Amazon, Facebook, and Google only get more powerful. In many ways, they wield more power over people than governments do.
There is little dispute that guys like Bezos and Musk built some powerful entities. They spent decades expanding their operations. Few will claim that it was just "handed" to them. Nevertheless, that does not change the end goal they both have: control. Through their companies, they seek to instill platforms in the lives of millions that controls as many aspects of our lives as they can. Do you think Alexa is really there simply to help? Why do you think Amazon is recording everything that is happening in the homes of people who have those devices? Of course, Siri and Google Home are doing the same thing.
In a system that is based upon scarcity and where money equates to power, those without it are basically powerless. Government leaders, for the most part, are just puppets. We are seeing billionaires behind the scenes manipulating things. They do this through their companies, their foundations, and the "bribes" they pass around.
So how does Hive, Ethereum, or Bitcoin stand up to the enormous numbers that are out there? The truth is they don't. Cryptocurrency talks in terms of hundreds of billions while the existing system is operating in tens of trillions, even hundreds of trillions. This creates quite a gap.
Of course, here is where the power is in the numbers. Not so much the financial numbers but people. There are only a handful of people who control the majority of the wealth. At the same time, they depend upon others for their wealth generation. This is key. If we could start to turn the wealth generate machine away from them towards ourselves, then we are talking a completely different ballgame.
There are presently tens of millions of people involved in cryptocurrency in some form. I will assert that, at this time, most have made money. They are in the green. While many took a bath in the ICO fueled crash, those that remain saw a bounce in their balances. Bitcoin, which makes up the lion's share of the crypto market cap has an enormous amount of wallets in the green based upon when the tokens entered.
We have a couple ways that we can see the numbers explode. The first is what most focus upon, the idea of everyone's holdings doing a 10x. A major bull run akin to 2017 would certainly accomplish that. However, there is another way that would see a similar result. If we 10x the number of offerings and people involved, we will see more value created across the entire spectrum. This is where the continued development and activities of individuals enters the picture. Instead of our efforts feeding into the wealth machine of the elite, we can see it start to benefit the rest of us. Going horizontal is the solution to the vertically integrated system that we presently have to operate under.
We are starting to see a few of the fruits of our labor. Decentralized exchanges are starting to make an impact, at least within the crypto world. There was an article yesterday that mentioned how Uniswap topped Coinbase Pro for the amount of money traded in 24 hours. While this paled in comparison to the amount traded on Binance, it does show a significant portion of the activity is switching.
Tokenization is a means to further push this effort along. The more that comes under this realm, the more wealth that will be generated. Of course, there will be failures as much of what is taking place is experimental. However, those projects that do succeed do have the ability to improve the financial situation of millions of people.
The numbers themselves will vary depending where people are geographically. A few hundreds dollars could be very important and really make a difference in part of Africa or Southeast Asia. Thus, if someone is able to amass a few thousand dollars, for that area, he or she is wealthy. In this realm, that person can serve as an example of what is possible and, hopefully, get others to follow.
Sometimes the most powerful success story is not the person who went from zero to multi-millionaire. Instead, it is the single mother who was able to earn an extra few hundred dollars a month doing something online that others could duplicate. When there are offerings that people can get involved in that put real money in their pockets, then they will be drawn to it.
We are embarking deeper into the digital world. Today, we are still dealing with a 2D reality there, i.e. screens. Down the road, this will take on a different meaning as we see the internet start to operate in 3D. When that happens, we will not be able to distinguish between the "real" world and our virtual one. Thus, opportunities will flow with abundance. After all, what is the difference between a business within a game that nets one real income versus a physical business? In my mind, they both end up at the same place.
This is how we are going to have to see wealth spread. We know the likes of Bezos and Musk aren't going to turn it over to people. The present system is designed to keep funneling more resources into the pockets of the few. This is done at the expense of the many.
Cryptocurrency can change that. If we have an industry that 10 or 20 trillion in wealth spread among hundreds of millions of people, then we are starting to look at the formation of a much different society. We also will begin to counterbalance the enormous wealth impact that the few elite have.
As we can see, this is much bigger than just lambos and mansions.
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