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How can we win, when fools can be kings? by edicted

View this thread on: hive.blogpeakd.comecency.com
· @edicted ·
$76.36
How can we win, when fools can be kings?
https://www.youtube.com/watch?v=GjXWtEqs8I4&ab_channel=MrMuseLyrics

#### Don't waste your time, or time will, waste, you. 
Ah well, I've been in Pennsylvania for a year, and I can't help but feel like I have wasted my time a bit.  What I have I accomplished this year?  Not much.  Although I have been keeping up on the blog and the crypto research and the community interactions, in addition to avoiding a drug-induced time-wasting spiral like I have been known to do from time to time.  So that's something. 

I feel like I could be doing more, but I always fall into the trap of trying to take all the shortcuts.  I should be coding more, but coding more aggravates my chronic injury.  The reality of the situation is that I should be doing a lot more upkeep so I can be more productive.  I need to go to the gym and do physical therapy, strength training, and something like yoga.  I need to buy a standing desk setup (and possibly an entirely new computer).  I need to put myself on more of a schedule to make sure I get things done in a timely manner.  

But you know, at the end of the day, it is very easy to just keep doing what I am doing right now, which is wait out the bear market and continue to pay attention to the global economy and geo-politics and crypto.  There really is an infinite amount of things to discuss these days.  How about that Credit Suisse banking collapse?  Wen bail-ins and haircuts?  It's the thing we've been talking about for years, and everyone is getting cold feet. 

![houseofcards.jpeg](https://images.hive.blog/DQmegCDLCbZLAuuAx7e42mV1qzzFqX3ohid4kSniKskzthh/house-of-cards.jpeg)

Imagine being on the brink of a banking collapse, while also simultaneously being bearish on crypto.  Crypto's goal is to replace the banking sector (at least that's the first goal).  The competition is about to implode and everyone is bearish?  My my my, how the spot-price can get inside of our heads.  The greed vampire is not our friend to be sure.  Is this how people would feel if BTC was $40k right now?  How is that a valid perception? 

Is a banking collapse bearish?  I mean... probably... in the short term, but still unclear if this is true.  Many would have to sell all their crypto just to pay off their other debts.  A buddy of mine just sold all his crypto because he had to buy a house and the bank wouldn't give him a loan even though his credit score is in the high 700's.  During times of emergency, people need liquidity, and are willing to take the loss to get it. 

###### https://twitter.com/_BitcoinMatrix/status/1576569531237294080

>Holding money is the greatest form of charity that anonymously increases the purchasing power of those who need to spend.

Everyone should take a moment to reflect on that statement.  While it has flaws, it is also very true in many circumstances.  Diamond hands prop up the markets so that the people who need money the most can still sell the bottom for an emergency expense.  This is why DCA is so important.  If we sell a little during the good times, it should not be thought of as a loss should the price keep going up, but rather a hedge to ensure that someone else can bail if shit hits the fan later. 

This is why our language used to describe certain things in crypto makes zero sense in many contexts.  The term Impermanent Loss implies a loss has occurred, when in reality it is simply DCA buying/selling while also providing liquidity in addition to earning yield.  When crypto whales are accused of being rich or greedy or lucky... is that really the case?  The reason they have that value parked in the network is because they haven't spent it.  If they do spend it... you lose money as a holder.  We see this genre of flawed logic employed often within the space.  Everything is not as it seems. 

https://www.youtube.com/watch?v=xPQUarLEr9A&t=1131s&ab_channel=DougPolkPoker

So not only is there a scandal in chess between Magnus Carlson and another up-and-coming grandmaster over cheating... we are seeing these same types of claims popping up in poker as well.  Hm, I wonder if they are cheating in a similar way?  Would be interesting to know for sure but obviously we never likely will. 

It's events like this that make me realize how important crypto is.  I still imagine the day when a decentralized variant of poker comes out that is basically unhackable and rake-free.   The fact that POW BTC mining creates infinite unhackable random numbers every ten minutes is crazy, but not as crazy as the fact that no one is leveraging this value into a derivative product from that runoff.  Still early.  So so early.  Wen do we enter the midgame?  I do not know. 

https://www.youtube.com/watch?v=Xz9DX_VMXdI&ab_channel=WarnerRecordsVault

#### Where's your crown, King Nothing? 
What's the better outcome? To lord over an Empire of Dirt that has very little value, or to share ownership in a society that has exponentially more value?  If you could go back in time 2000 years, do you think you could get a king, pharaoh, or emperor to come back with you, even though they'd no longer be in charge? 

Of course you would.  They'd load up as much gold as they could get into the time machine and off you'd go.  Imagine that.  "You're telling me gold still has value 2000 years from now?"  Yes!  It sure does! At least for now it does.  Crypto/tech could strip that value eventually, but until then gold is still quite valuable.  On a certain level, it's very impressive that the money from thousands of years ago still has value today.  Fiat won't be able to say the same.  That pyramid scheme will collapse long before then.

#### Crypto is kinda like this. 
Many think that governments and the "DEEP STATE" would sooner shut off the Internet and usher us into the next Dark Age rather than let crypto take over.  Really?  So the king will rule over their pile of dirt rather than increase their wealth by x100 within the new system?  That's simply just not how reality works.  We can always trust that on average people are going to be greedy and act within their own best interest.  Crypto is quite basically too good of a technology to pass up.  Too much value; too much to lose.  CBDC will never happen; it has no value and there are too many conflicts of interest.  Bitcoin will be around for at least another 50 years.  [Probably closer to 100.](https://peakd.com/@edicted/please-welcome-bitcoin-to-puberty) 

![nickfuryworldend.png](https://images.hive.blog/DQmagoVx6GLbJyjqdbJQXumk1b4xntntoCTKkAp2dyghBDw/nick-fury-world-end.png)
 
#### The world spins on. 
And it does feel like we are on the brink these days, doesn't it?  People talking about complete and utter economic collapse.  World War 3.  Nuclear warcrimes. Germany freezing to death. Dollar milkshake theory as the Euro and Quid go belly-up.  Obvious terrorists attacks against critical pipelines.  Food and oil processing centers burning to the ground in record numbers.  Ships blocking/destroying canals when that kind of thing was never reported on before.  Negative consequences of the jab coming to light confirming everything the conspiracy theorists said about them, as if it's some kind of surprise now that "the science" confirms it.  The Clown World is legendary right now.  We can see it all around us.  Less than half the population is paying attention.  Head down, don't make waves.  Don't be an NPC. 

#### Conclusion
Yes, we are obviously in for some pain.  There was no other possible outcome.  The only way out is through.  We've loaded up on unsustainable debt using questionable collateral, and the debt has come due.  The chickens are coming home to roost.  

All I can say is that crypto is obviously the answer to a crippled debt-based economy and the ultimate solution to the question of collateral.  The means of production are being returned to the people, and this awkward transition of power is not going to be a pretty one.  Show me a fool that is king on Hive.  No pain no gain. 










Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@edicted/how-can-we-win-when-fools-can-be-kings)
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@acesontop ·
Isn't this world fun?...
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@bengiles ·
Bro get a pull up bar and chuck it up somewhere in a doorway at home. Just straight out hang for 10 mins cumulative per day. Trust me your shoulder will love you for it.
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@boboman ·
$0.07
Great read! 

But I have to admit it was Muse that brought me here :) Their early music was amazing and they had the best concerts. Are they still releasing new music?
👍  
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@edicted ·
>Are they still releasing new music?

I think so but I wasn't impressed. 
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@boboman ·
Totally agree.....I think I stopped after Black Holes and Revelations.
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@brianphobos ·
$0.05
Great writeup!  I agree, there has been so many strange things happening these days and just yesterday I saw a dude going bazerk on his wife in the Denny's parking lot.  People are stressed out and suddenly they are snapping at each other.   On top of that the bullshit c10t $h0t has been screwing up a lot of people.  I even got rejected to be a substitute teacher and also got rejected for an afterschool program for not being vaccinated.   I went bazerk just like the guy in the Denny's parking lot.   We should not back down on the clot shot.  Throw it back in their face if they try to force that ....... and then the same people turn around and say, "My Body My Choice"  ..... WTF.... Does no one see the hypocrisy? 
The reason I profited this crypto cycle was because I had been through the last two.  I could see the future enough to pick a strategy that went well enough that I can be up in the middle of the night like a man baby because I know I can sleep until I wake up naturally.   
I have seen the last two major economic recessions.  This feels exactly the same but everything is pointing to the fact that it is going to be way worse.   Depression level.   
I do agree, I think in the short term it is going to damage crypto prices worse.  People will continue to get pressed out at this point in a normal year.  This is like the 2014 or the 2018 of previous cycles.  Those were fairly good economic conditions in the overall economy and crypto was still getting pressed into a very painful longtail.   Now we are facing economic Armageddon.  People are losing it and deleting themselves.  Another set of people are randomly dropping dead unnaturally. I feel like crypto is going to have a rough year from this point forward.   When the tide turns and people see light at the end of the tunnel crypto will rise from the ashes and look like the newest member of the Justice League.  People are going to be hand to mouth for a bit, some will lose everything, lives will be ruined.  It is unfortunate.  Maybe future generations will look back on this time and view it the same way we view the sanitation systems from the 1400s in European cities.  Just throw the shit out in the streets and hope for the best.  
Things aren't looking good for our future though.   Kids don't know what gender they are.  Everyone is super confused.  
People are following stuff that makes no logical sense.   
We have hit the peak of our civilization for the time being.
👍  
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@mykos ·
RE: RE: How can we win, when fools can be kings?
Well this economy really hasn't worked for most people for a long time
So it just means the way we do things have to widen and change.

As we move into the robot economy which is a real thing. We need to make needed changes and place the citizens dividend into that.

It just makes no logical sense at all. For us to support economies which clearly don't support the health and we'll being of most citizens

We gotta put money and earning on the back burner. Currencies are an economic tool we suppose to prosper from. In other words we created currencies to prosper. Currencies suppose to brought us easier more abundant lives. If you study the purpose of a currency.

Why are most currencies just a nail in the coffin for most of us. They all find ways somehow to exploit us. These are now manufactured economies we can make work for us. I'm shocked we still choose the worse economic systems. I can only picture people still wanna get over and steal from others. 

Just choose systems that work for the most people, lol. Stop the freedom to choose lie, lol

Listen if I can't find employment or have a healthy breakfast, I don't care what anyone says I'm not free lol

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-brianphobos-6lmdks)
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@hivebuzz ·
Congratulations @edicted! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

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<sub>_You can view your badges on [your board](https://hivebuzz.me/@edicted) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
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**Check out the last post from @hivebuzz:**
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@julianhorack ·
$1.62
RE: How can we win, when fools can be kings?
Awesome I really like that particular Muse track. And you have summed up the situation well. The economy is crashing, crypto is also bearish and leaving us feeling down, and we just have to ride out the stormy weather.

The inner push to do more is natural, I also feel it. And I also don't let it worry me. Besides the materialistic grooming by society for us to do and consume more, ancient wisdom also suggests that we also remember to be in the moment. 

In other words being here now is fine, we don't need to chase results or think that we are losing opportunities and time. Taking time to heal and relax is fine, especially when the current global conditions are apt to stress us out. 

We are still going to profit simply by passively waiting for the bull market to return. Doing less also means spending less and hodling, which in itself is doing a lot, since the benefit will be great. That is the joy of being a crypto investor.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@julianhorack/re-edicted-71if8j)
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@l337m45732 ·
RE: How can we win, when fools can be kings?
it hurts so good

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@l337m45732/re-edicted-3wbkau)
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@malopie ·
RE: RE: How can we win, when fools can be kings?
I'm tempted to say; you mean bad? 

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@l337m45732 ·
RE: RE: How can we win, when fools can be kings?
eh, not really

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@malopie ·
$0.07
RE: How can we win, when fools can be kings?
There's a theory that when people worry about certain things too much the opposite becomes the reality.

Maybe not very practical or extremely accurate, but for what it's worth to note, it does hit a few grounds. Many thought covid was gonna end the world, now many aren't even sure it even happen, quite the state of confusion birthed by tiny fire crackers that we seem to tremble to like a thunder storm with heavy lightnings struck the earth.

Crypto is a fascinating technology, wouldn't be here if I didn't think so, it's only crazy some people don't see how the ecosystem keeps building regardless and prices keeps being everyone's problem?

Money is meant to be spent if not other sectors of the economy would collapse, you can't keep the entire money in the world locked up in a freaking smart contract, you gotta eat and the food market has to pull out to pay for freaking rentals, electricity and shit, that's the normal and peeps just gotta wake the fuck up. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@malopie/re-edicted-68wgrs)
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@mykos ·
RE: How can we win, when fools can be kings?
Yet another time wasting post that does nothing to make the world better

What's interesting though is many of the hive post exactly describe the citizens dividend but of course the cognitive dissonance kicks in and the dots don't get connected

But all roads will always lead back to us

My next post will be about Maga communism lol


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@oasiskp2 ·
Good points #leo
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@poshtoken ·
$0.04
https://twitter.com/taskmaster4450/status/1576694884924526592
<sub> The rewards earned on this comment will go directly to the people( @taskmaster4450le ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@shortsegments ·
RE: How can we win, when fools can be kings?
Indeed well put.

We are in for a bad time, but the only way to survive is to live through it, march on thorugh this period of difficulty and survive until we get to the otherside. Building up our stacks during this time, so we will better prepared to profit from the next bull.

I dislike the term impermanent loss too.
I think it's an un-necessary warnming for all defi investors, since all the defi projects I invested in on Cubfinance not only netted me 100% gains in a year, but I still have my original Cub. So my Cub is worth less then I bought it, but is it really a loss if my profits to date are greater then my original investment? Or is this Cub the ul;timate moon bag?
I think the latter. What do you think @edicted?

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@wrestlingdesires ·
I hope things get better for you soon :( ... I find the best way to get out of a rut is to take the first step. It might not actually be productive at first, but you will quickly get into it. Just tell yourself that you'll do it first, then you can always do the regular things later...

>Crypto/tech could strip that value eventually, but until then gold is still quite valuable. 

I don't think it'll ever go out of style, due to both its unique properties and its aesthetic quality.

This post has been manually curated by the VYB curation project
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