Crypto: Bright Future... or a Slowly Closing Noose Around Our Necks?

And so, another month has come to a close, mostly with a whimper.

Well, it's at least a "whimper," if you've invested yourself substantially in Hive, as your path towards the future. If Bitcoin is your primary bag, then you're probably pretty happy.

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Now, I want to make it quite clear that I do not measure the price of Hive against fiat currency, nor do I measure it against Bitcoin... — I purely look at our Hive token's market cap rank vs. other cryptos on Coinmarketcap and Coingecko.

Are we losing ground, or are we gaining ground, relatively speaking, in the world of crypto?

In May, we lost ground, slipping back out of the top 300 by market cap — currently 311th vs. 292nd at the end of April. That is an alarmingly frequent occurrence.

Whether we are "amazing" or anything else — and keep telling ourselves that — it doesn't (ultimately) amount to a hill of beans if we labor in eternal obscurity.

History is littered with "great ideas" and "great inventions" that truly were great, but they ended up going nowhere because only a handful of people ever found out that they actually existed.

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This whole idea that if you create something revolutionary "it will sell itself" is basically patent nonsense, at least based on my own experience.

There always needs to be an "in" somewhere, whether that's a friend with influence in broadcast media or the proverbial "rich uncle." There needs to be a catalyst, of some sort.

As far as I can tell, Hive has not yet had its "rich uncle moment." UNLESS... that moment was when Hive forked away from our legacy chain... and we totally blew it on capitalizing on the attention that got, in the media.

It can be very risky business to grow too myopic and only see a project through our own lens of perception, ignoring how the desired target audience sees it, absent our input and/or hand holding.

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So, what's with the "noose around our necks" bit?

Stepping back from Hive and instead looking at the 50,000 foot overview, I do sometimes wonder how many are obsessively following an idea of crypto as something that is never going to actually happen.

I know there are elements of that in my own mind... the excitement of the whole notion of "alternate decentralized borderless payment systems" that could connect commerce around the world, independent of governments and banks and regulations. My original path to crypto had nothing to do with investing and a lot to do with alternative money.

I sit and look at it, all these years later... and see mostly an obsession with "number go up" and old-fashioned Wall Street Greed driving it all.

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There was a time in my life when I was hoping to use crypto to make money... it wasn't the crypto, itself that was the potential money maker.

Of course, I suppose we can't really fight it... the so-called "open market" is evidently telling us what it wants, and that might not be what crypto — or the idealists behind the early days — ever wanted.

And so, sometimes I can't help but think about that "noose"... pondering whether I am sitting here, waiting for something to happen that's never actually going to happen, because crypto is on the road to just becoming "yet one more exotic investment for the rich and influential."

Onwards!

Feel free to leave a comment — this IS "social" media, after all!

As always, a 10% @commentrewarder bonus is active on this post!

=^..^=

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3 comments

crypto is on the road to just becoming "yet one more exotic investment for the rich and influential."

It was a genius invention to escape centralization but due to the myriad of faucets born out of the invention and their resulting disruption, hence the major deviation from the ideals of the founders, and with different centralized institutions showing more and more interest in the field one isn't sure of a future to expect.

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It was one of the things I feared would happen, 10 years ago when everyone was afraid of regulations killing crypto... instead of fighting it, conventional finance would merely take it over and we'd end up with "Walmart coin" and "Bank of America coin" and so forth... and be right back to square one.

=^..^=

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(edited)

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