Embracing The Abundance Mindset

We are entering a different era. Some call it "Magic Internet Money". This concept is not so far-fetched. The world is changing before our eyes yet most of us are slow to embrace it.

This is not surprising considering we were reared in a world which still promotes scarcity. The concept of abundance is foreign to us although there are examples of it that we all know intimately.

Over the last 25 years, we got very valuable lessons of what happens when the Internet enters an industry. From a number of examples, we see two things that are common.

They are:

  • Whatever is there gets obliterated if it does not change
  • Abundance is created

These are two factors that took place on numerous occasions. We saw it with information, music, video, communication, and now shopping.

What do newspapers, record companies, video rental locations, and long distance phone divisions have in common? Most of them were wiped out. The Internet seriously altered the landscape. We are also witnessing hundreds of physical retailers going under as the likes of Amazon take over.

Of course, in each of those areas, abundance is before us. Consider all the information we have available to us. It is more than we can consume in 10,000 lifetimes (and growing). The same is said for audio, video, and ways to communicate, as well as people to communicate with.

It is now possible to order most anything we want off the Internet. The choices we have before us are virtually unlimited, certainly outpacing the financial resources we have.

Using this examples, now let us apply this concept to the latest area of Internet entry: money.

Viewed through this lens, we can see how the "Magic Internet Money" is not uncharacteristic. In fact, it is in keeping with a multi-decade trend we watched that occurred over a number of industries. Many are baffled at the idea of money reproducing, creating abundance. Yet it is no different than any of the other industries which experienced digitization.


Abundance means there will be more than all of us can utilize. This sounds outlandish when talking about money yet it is going to follow the same pattern we see firmly in place.

All of this is a given. The powers of the Internet do not suddenly change simply because it entered a new industry. We will see the fate of the banking system mirror that of the record companies and newspapers. Some will survive for the coming decades as they adapt. Many, if not most, will not.

Also, the value of their service will be radically altered. The monopoly they enjoy, thus power, will be radically diminished.

Of course, this all is operating in a much different way than 25 years ago. Back then, the Internet was very immature. Today, while not fully grown up, we are nearing the adolescence stage. We are much further along as compared to the 1990s.

This is going to change all facets of society (and humanity). Shifting from a world of financial scarcity to one of abundance is something we have not seen before. Digitization is operating in more areas of life than at any other time in history.

The question is are we ready for it? Watching the actions of people, it is evident that we are not. The same characteristics that drive us are still in play. This is understandable since this all is so new.


Here is a snapshot of the latest pricing from Coingecko. As we can see the total market cap for these 6,800 coins is roughly $2.1 trillion. It was just a few months back that the total crossed the $1 trillion barrier. Yet, while it took more than a decade to do that, it took less than 120 days to hit the second trillion.

How long will it take to reach the third trillion?

Of course, we tend to focus upon the market cap value. That said, what happens when, instead of 6,800 tokens, we are dealing with 20,000? Or 50,000? Remember, we are in the era of abundance.

Also, it is important to note that none of this deals with NFTs. We know there is a lot of money flowing into that arena right now. How that will unfold is still playing out. What we do know is that digital ownership is going to be vital going forward and NFTs provide that.


All of this is taking place with roughly 100 million people involved. There are now more than 7.5 billion people on the planet. We see more than 5 billion of them already connected to the Internet. This means that we are dealing with just a small fraction of the total population.

The Network Effect here is going to be massive. If these moves can take place with 100 million people, plus a few large institutions, what happens when we are dealing with 2 or 3 billion people being involved? What do the numbers look like then?

Even using a linear multiple, we see how a minimum of a 20x is in order.

Here is where things get very interesting. Money is really nothing more than a tool for collaboration. It allows us to form groups to get things done. Some of those are small while others, such as an entire economy, are rather large.

With the state of financial abundance forthcoming, what will we be able to do with the money? While many focus upon Lambos and McMansions, that is rather primitive. That is akin to using the Internet to join a message board. The Internet far surpassed that.

We will also eclipse the idea of wealth symbols. They will still be there to some degree but much less important. If everyone can afford a Ferrari, what does it really mean?

Instead, the interesting part is what we can do with the money. What can we fund and generate? Are there major problems that we can begin to work upon simply because the financial resources are available?

Embrace this idea and begin to think of ways to radically alter parts of society.

It is the stage we are at.

If you found this article informative, please give an upvote and rehive.

gif by @doze


logo by @st8z

3 columns
2 columns
1 column