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The redefinition and distribution of wealth by tarazkp

View this thread on: hive.blogpeakd.comecency.com
· @tarazkp ·
$45.32
The redefinition and distribution of wealth
<div class="text-justify">


Four days off!

Sure, I have to work to prep sessions next week and also to do a lot of renovation tasks as we are starting to go hard on the last run before the phase completion deadline - but at least I don't have to do all of the other stuff on top. Oh yeah, some billing too, but also as it is the end of the month, I get to do some invoicing as well, which isn't so bad as that is money coming in. 

![image.png](https://images.hive.blog/DQmZKsKyLqfRhsPGpwTiVos7KtQcibxutkEkXuyXKsg9PPL/image.png)

Speaking of money coming in, it is the Hive Power Up Day and it is going to be interesting what the statistics look like in comparison to other months, as I suspect that a lot of people are *earning less* now that price is increasing. *Less HIVE* that is. 

People are likely earning less HIVE for a couple reasons. Firstly, people are likely adjusting their vote weighting down. Then there is the increase in the number of posts. And, some people would have powered up less and sold their stake on the market in stead. And of course, because HBD is up, rather than selling it for HIVE (which they would get less since price has increased, they are selling the HBD onto the market and capitalizing on it there, unlikely to pull it back into HIVE. This means that people might have less to power up - also, with the increasing prices, they might be *less willing* to lock HIVE into HIVE POWER and more willing to keep it liquid in hopes of a spike, *which seems imminent.*

I powered up a "measly" 500 this month which at the start of the year would have been 55 dollars worth.

![image.png](https://images.hive.blog/DQmcrgKfZzSaVZhome4Gg6wwNYx6Eb6pJdci3fRvMXWz2yT/image.png)

Speaking of spikes, that 500 is 425 dollars worth now.

January 1st - 11.8 cents
February 1st - 13.7 cents
March 1st - 31.0 cents
April 1st - 83.7 cents

A *700% increase* in the space of 90 days.  


The lead up to this last bull cycle has been such an incredible opportunity to build, but I am unsure how many people realized it until now. What I mean is, leading into the last bullrun of 2017 was a better time to buy and get involved, but there was also a lot of risk at that stage, as there was uncertainty as to whether crypto would find use case and mainstream support. However post-bull and while people focused on the deep depression in value, what actually was happening was that the industry had proven itself a survivor through the thick of the bull and the thin of the bear, where people involved kept building, kept developing, kept investing and kept adding new experiences into the mix. Yes, prices were low, but it was only a matter of time. 

Why most people missed the opportunity is that they are looking for some kind of social proofing and se increasing prices as the indicator of adoption, not the activity performed that leads to adoption. While everyone is worried about the value of their tokens, the industry itself was adding the foundational value that gives tokens their support for price. Now, going into the new bull cycle is going to float all boats, but when the cycle ends, many will be left in the troughs, while others are still surfing the waves on the ships they built that can withstand *troubled waters filled with ~~sharks~~ bears.

Hive is going to be one of them. How do I know this? Because we not only survived the bear, we thrived through the bear in the face of adversity and challenge with a stronger community than before, interacting with a far wider range of experiences - ready to explore new seas. Honestly, we are *smashing it* in the crypto space, regardless of what the price of the token is currently doing. This is exciting. 

A lot of people including myself are hoping that this year is going to make all of the investment of the past asymmetrically worth it, as the hope is that held tokens go parabolic, but past that, many want more. Increasingly, people are recognizing that the value of the industry isn't about being part of what is effectively pump and dump scams speculating on token price, it is about building something sustainable that brings support past the peaks and through the troughs. In the last run, it was about "selling at the top" but this year, it is about building all the way up so that the new floor is well above where the last was. It is now about fleshing out the industry and bringing usecase to the market of the masses.

Most people aren't going to buy a Tesla with Bitcoin, but with the likes of Mastercard and Visa getting into the space and rapidly expanding, more and more gateways for crypto usage will come to market, and this will attract increasing investment into the market of generative crypto business. Just imagine when corporate travel flights and hotels are booked through Travala instead of the myriad other fiat gateways - What about when the businesses start putting their crypto earnings into pools instead of banks? 

While this bullrun is going to be a lot of fun, what we are now part of is the evolution of the industry from oddity to economic powerhouse that offers so much in way of value-add and ROI, that the traditional businesses and financial institutions that don't make the change are going to struggle heavily for clientele, which means that not only will they fail to attract new investment, their current stock of investors will leave the sinking ships like rats. 

It really is hard for the average person to visualize the disruption that this kind of economic revolution will cause in the coming years, but I ma quite confident that it is going to decimate some well-established industries that have held power for decades. Not only that, because of the underpinning blockchain technology, it is going to become the standard infrastructure for the economy itself, as well as a lot of operations that are driven by interaction, like government - *more disruption* that is kicking out the legs of the seat of power, while they have a noose around their necks of their own making.

It sounds horrific, if it wasn't all just driven by the way a minority have held the reigns of control over the masses through their manipulated and opaque distribution of economic value. The disruption caused by replacing the economy isn't taking power from them, it is growing power away from them, leaving an economic gap. Growing wealth inequality is one of society's largest problems to face, but it is quite easy to solve. All that needs to happen is to redefine what is considered wealth and then be sure to create a system where it is better distributed with mechanisms in place to make sure value doesn't pool endlessly in the hands of the few - This is what we are creating and in the redefinition of wealth, the current markers of *centralized money* will become meaningless, leaving a tiny fraction on the other side of the divide they designed - holding a bag of useless. 

Power Up. Power Spread. 


Taraz
[ Gen1: Hive ]


</div>

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vote details (346)
@automaton ·
$0.18
Their answer to wealth inequality is to always raise taxes. In essence to redistribute funds to whom they feel are worthy. Yet, changing the legacy system is never in the cards and not discussed. But change is here. Now the people will need to educate themselves on blockchain. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@automaton/re-tarazkp-21mfub)
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vote details (3)
@tarazkp ·
>Their answer to wealth inequality is to always raise taxes. In essence to redistribute funds to whom they feel are worthy.

It just doesn't work even if it could, there is not enough wealth in the realm open to tax. Something like 100 of the fortune 500 paid zero *or less* tax in 2018-19. That was pre-covid. 3/4 of the worlds wealth is in derivatives, a black hole of transparency with most trades OTC. And I get taxed more?

Time to forget and learn again. 

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@bashadow ·
$0.18
I did my little power up for the month, I still want to get the big bee badge, so October or so I'll clear out some of my H-E tokens and hope to have enough by then.

I'm not looking forward to the smaller hive totals but that will not stop me from trying to post and earn some. Some people are beginning to come back, I think they realize that Hive is here to stay, and that we are a community not vaporware like so many other projects.
πŸ‘  ,
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vote details (2)
@tarazkp ·
I have noticed a an increasing number of returnees also, which is a good sign. Though I am guessing most won't stick around in 2022. Hopefully, the new crop will find their place here though. 

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@cryptoandcoffee ·
$0.18
I agree it is not about selling but way beyond that as the value is in the stake. Over the last few months my growth has been spluttering but honestly proud at the stake achieved over the last 3 years. There are many projects that have a proper use case and these will succeed after the bull run. Whatever the price I will be happy as I think we could be in for a pleasant surprise.

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vote details (2)
@tarazkp ·
$0.11
Growth will slow as value increases, but value will increase too. If you look at it from a monetary perspective, you would be getting less HIVE, but making more value, which at some point has to be the goal. For example, your curation value yesterday will get you something like 25% of what you would earn on your posts - that is pretty amazing. If value went 10x your curation would be very significant. Is it better to have more tokens, or higher prices? There is a topping point somewhere.

Higher prices will open up a host of ne possibilities for users, especially the ones with stake :)
πŸ‘  
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@cryptoandcoffee ·
That is very true and see the value in it for sure. I think we just got used to earning decent Hive rewards for so long this will take getting used to. I honestly don't mind either way as it would be great to see a $5 or $10 Hive and will help many of us get back on our feet.

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@empress-eremmy ·
$0.18
You should prepare for a little profit taking. You've been one of the most consistent hive users through thick and thin, I think you deserve a break.  May the prices be kind to you
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vote details (2)
@tarazkp ·
I am always prepared - just not ready ;D

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@hivebuzz ·
Congratulations @tarazkp! You received a personal badge!

<table><tr><td>https://images.hive.blog/70x70/http://hivebuzz.me/badges/pud.s4.png?202104020003</td><td>You powered-up at least 500 HP on Hive Power Up Day! This entitles you to a level 4 badge<br>Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.<br>May the Hive Power be with you!</td></tr></table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@tarazkp) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>


**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/pud-202104"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hivebuzz/@hivebuzz/pud-202104">Hive Power Up Day - April 1st 2021 - Hive Power Delegation</a></td></tr></table>
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@mattclarke ·
$0.51
Maybe we work on power inequality first; wealth inequality might fix itself.
πŸ‘  
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vote details (1)
@natalia-irish ·
> Because we not only survived the bear, we thrived through the bear

I like your reading and your analysis of things

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@papilloncharity ·
$0.18
I love that last parafraph of yours and it would really be a dream come true. Equal distribution to all is so essential, as not only will it prevent anger and hopelessness, but it can also prevent riots and warfare.
Correcting the balances between the ultra rich and the poor is so essential.
πŸ‘  ,
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vote details (2)
@tarazkp ·
Correcting the balance in what currently is just won't work and will never get agreed to, as htose with will never want to be those without. The only way is to make the "with" something different to what they already have. 

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@papilloncharity · (edited)
Yes, I agree and tact will have to play an essential role alongside the "new" sublime change, but mass adoption of crypto could play a big part in this.
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@ryivhnn ·
$0.18
However small your powerups are there's always someone who does smaller ;D

> they are looking for some kind of social proofing

And when they get the social proofing it will be some other excuse XD

Watching shifts is kind of interesting.
πŸ‘  ,
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@tarazkp ·
Yep. It is all relative, as are the gains, which is why I think everyone should get involved at the level they can/ are comfortable. 


I enjoy the dynamics :)
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@shortsegments ·
$0.18
We find ourselves in a difficult situation here again. An apt metaphor might be : β€œThe system makes breaking the gravitation pull of earth hard to achieve, and I see financial stability and freedom as an equally elusive goal. Yet I persevere, perhaps in folly, but perhaps forging my own golden ticket.
Only time will tell...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-tarazkp-4wqwcn)
πŸ‘  ,
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@tarazkp ·
$0.03
The perseverance makes a life, doesn't it? Some people think that working for financial freedom is a base trait - but what they don't consider is the kind of work done, matters.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/re-shortsegments-37mwxr)
πŸ‘  
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@shortsegments ·
This is a good point. Perseverance, the ability to keep getting up when our choices have bad or undesirable outcomes. We need the strength to metaphorically get back up and try again. As the metaphor says you haven’t failed until you stop trying to succeed. Until then your a success or work in progress. :)


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-tarazkp-3r3j2a)
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