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What everyone should know by tarazkp

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· @tarazkp ·
$73.44
What everyone should know
<div class="text-justify">


![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23uQk49UKWdnj2VJy1SSfCt1FWAeVXn1T6eVJXu7zoeq9xky4QcQA7R3gi8trfPQ2wtat.png)


We are now entering into the last day of the Splinterlands season, which is affectionately known as the silly season for rental prices. But, starting in a day, this might be the last of them, as the new rewards mechanisms could flatten the curve at the end, seeing more steady prices for rentals throughout the 16 days instead. It is going to be interesting to watch. 


![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23tS37DwsRu5kGiyReFtxdAjczLLCmr9rm9Muv6WqKsjr3WnMn36WuVyoYBma4ZELg2s4.png)

Yep, I missed the snip...

I like the end of the season shenanigans however, because it is a bit of fun jigging the numbers around and trying to predict what people are going to do to make up their CP. This season, I have gone a bit lower and will likely wait until later in the season before raising them, only because I have a bit more time to play, since I am sick at home from work. The difference in outcome doesn't matter that much, as it is only going to affect by maybe 10% or so, but still - *fun with numbers* is a thing.

>Don't tell my math teacher.

I sucked at math at school. Well, I was really, really good with simple math and cutting up pizza and fruit for fractions and the like, but once it became more theoretical and less practical (meaning I couldn't eat the results), it all went above my head. These days of course, I wish I had learned more and studied harder, as well as did more statistics classes at university than the couple I had to. I sucked at them too, but that information would come in handy now. 

Funny how something that I had very little interest in as a kid, is where I now spend a great deal of my time as an adult. I think this illustrates how poor children are at predicting their needs for the future. This doesn't mean adults are much better at predicting it for them, but at least when it comes to core components, maybe adults with enough experience know relatively well what is likely to be needed. 

I see it as the "building blocks" of skill, where there are things like reading, writing and mathematics that are core to our development, Some I know have argued for example, that with computers and "smart" technologies, these skills are less applicable, but I think that they is the point. The value is in the development of the brain and thought patterns, not necessarily in the need to apply them in every day life. It is similar to the "read them fairytales" argument for developing intelligence, is isn't the fairytales that are important, it is the engagement of the imagination to build a world in the mind's eye that doesn't exist. 

This is the value I see in participating here on Hive or in the crypto scene in general, as it allows for a comprehensive, engaging and very practical look at economics. It is like when I was in primary school cutting up those oranges and pizzas in my imagination to visualize fractions, except I am able to interact directly with them, in a kind of "augmented reality" from the economic perspective. This means that I am able to learn and of course, there is the benefit of earning along the way and understanding the processes with very real skin in the game. 

From my own observations, I have seen many, many people over the years completely change their economic futures through participating here in more than just the sense of earning. Many have fundamentally changed their outlook on finance, the economy and their personal decisions in order to become far more savvy in the way they use their funds. 

What tends to be the largest shift is the lengthening of the viewpoint of what is "long" in terms of an investment return, with the people who have moved from the weeks and months into the multiple years and decade, doing the best. This doesn't mean they are always the ones who buy the low and sell the high, but they are the ones who are consistently staying active and growing their stacks. 

>"Mind on my money, money on my mind"

While money isn't everything, if we are actually going to "be our own bank", we are going to have to start behaving a little bit more like banks, meaning that we have to consider our resources carefully and do far more investing to generate income, than spending to waste potential. While we might be in the pursuit of happiness, every move a bank makes is in the pursuit of money and profit for stakeholder wealth, and what we have to seriously remember is, *we are the stakeholders in our own future.*

If we aren't behaving in ways that support our future happiness, no one else is going to do it for us. Behavior is driven through conditioned habit and intentional action, and it is no surprise that we have been conditioned to be consumers, not investors. This means that the intentional activity has to come from us and externalized, and this requires understanding what we want, how things work and the way we are going to use the resources we have to move in that direction. 

But, in order to do any of these things, we really should start with *why* we are doing it in the first place, as if we do not have a compelling why, we are unlikely to be able to *invest ourselves* to the degree we need to do what we need to do, especially for a prolonged period of time, which is what it is going to take for crypto to build into a fully-fledged industry.

What I like about Hive is the barrier of entry is so incredibly low that anyone can get started on their learning journey to build the knowledge they need about the financial world and how, they can build a home amongst it. 

What should everyone know?

*As much as they can about economics.* 


Taraz
[ Gen1: Hive ]


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@boscohage ·
I'm an example of those that have come here and made a dynamic shift on my finances still trying to do the bit that I could possibly do.

It's incredible how we overlook some core topics in our early lives then they turn out to be one our core focus living our lives now.

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@boscohage ·
$0.24
I had a friend come over in which she collected my phone saying I'm always on the phone.
I didn't complete my replies.

Hope you recuperating fast and I guess you having a wonderful time with your daughter.
This illness has got you home with her.

Get well soon to get on with your usual activity.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@boscohage/re-tarazkp-6huhu6)
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@tarazkp ·
:)

It is good to get off the phone as often as possible. 
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@boscohage ·
Yeah sure it is,.I just found myself in it these days.

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@brando28 ·
I also wasn't good at math but later on, I realized that I'm pretty good with shapes and geometrical puzzles. 

I think that blockchain technology has brought the otherwise boring and unappealing finance world closer to common people in form of GameFi, metaverse and NFT. And this is just the beginning. Great times ahead! 


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@chillyanca ·
$0.25
it is true that what we wanted as a kid is not what we are actually doing today, the kids' mind is designed to see the  fun side of something, but going older you will see that all dose things are not as important as the way we picture it as children,  
     when you grow older you start seeing things in a different perspective  the need for one to take responsibility for everything and anything, the hive is a platform that when you start you need to be consistent  in it to have a good stat, and the beautiful  I love about it is that when you are consistent in it, you will eventually grow, i start hive early this years but with consistent, I can see the growth, *<code>in all consistency is the key</code>*https://ecency.com/hive-190212/@chillyanca/the-power-of-consistency
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@tarazkp ·
How does it feel to be growing your account and, are you learning anything else along the way?
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@chillyanca ·
it is the best decision I have ever taken, but my greatest regret is that I don't have the information on time, but never less am good and hoping to build not just myself but the community as well.
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@cryptoandcoffee ·
$0.25
Funny as I also enjoy numbers and stats now but not the school type ones. The strange thing was I could always get the answers but never show the working out as it was all in the head. Economics are important and understanding the mathematics now could mean earning a fortune or missing out. 
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@boscohage ·
$0.14
I believe it's the way we were taught, many of those who taught those subjects didn't know how valuable they were.

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@tarazkp ·
$0.14
>The strange thing was I could always get the answers but never show the working out as it was all in the head.

:D
I was pretty good at guesstimating back in the day and still do this now, when it comes to percentages and the like. 
šŸ‘  
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@boscohage ·
Obviously, you do sound like one, lol.
I recall sitting for an exam called JAMB, which includes for topics to pass to get into the university.

I hated chemistry in which when I read the first three questions or less with their options, all the options were the answer.
I recall I only held the answer sheet and shaded whatever alphabet came to mind. Guess what? I passed higher grade than those I read.

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@dwayne16 ·
RE: What everyone should know
Consistency is the key and in just like every other endeavors we find ourselves we must be willing to do what is right and that support our future happiness in every way. Hive gives everyone opportunities to earn and whether you are a new member or a old member there is that opportunity for you

Posted using [LeoFinance Mobile](https://leofinance.io)
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@emeka4 ·
$0.24
> While money isn't everything, if we are actually going to "be our own bank", we are going to have to start behaving a little bit more like banks, meaning that we have to consider our resources carefully

I believe that idea is the way forward when deriving such action to take that involves funds In our lives when trying to balance it especially on spendings to avoid unnecessary debts and minimize funds
šŸ‘  , , , , , ,
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@tarazkp ·
Unnecessary spending on consumer "essentials" is what holds most people back from having a decent investment portfolio. 
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@ford.stem ·
$0.25
One thing you said is absolutely true -it is consistent practice of something that leads to futuristic achievements straight forward, even sometimes Time tells more of the things, what we get and what w expect, there is a balance between and most of thw time -- we seem to disregard that. 
šŸ‘  ,
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vote details (2)
@tarazkp ·
Many people have very high expectations and feel entitled to receive, no matter how little they put in.
šŸ‘  
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@fullcoverbetting ·
$0.25
Well a rather strange post! Not a bad one. But moving from the rental market on SP, with a sidestep to math and economics towards being your own bank.
But lots of truth in here.
For example my oldest does follow a STEM education at school and also he doesn’t understand the use of theoretical math. I tried to tell him that this probably will one of the fundamentals of his future but  it is like talking to a deaf person.
He has no clue what he does want to become besides being a professional footballer, which will be hard with his career threatening injury at the age if 13.
Back to the post! Being your own bank will probably only be for the happy few of us. Most people will still need to rely on institutions due being unable to handle it all and understanding the risks of investment.
But yes, Hive when played correctly and not the way I do, could be life changing for some!
šŸ‘  
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vote details (1)
@boscohage ·
Got me with your ending words, hive is life changing especially for me yet still need to do better.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@boscohage/re-fullcoverbetting-5mz3gx)
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@fullcoverbetting ·
Well me it also isn’t life changing. Just like I probably could do better.
I could be more engaged, I could be more persistent and for sure could write more post post about the trending topics.
But decided early on to stay just me. I wrote about what I want and when I want.
If the community likes it great, if they don’t also okay (have to admit not great because we all like juicy upvotes).

But we all also need to take into account that some of the big accounts are here from the start, where they did start their community. We can say that the whales upvote the whales, but they are just upvoting their virtual friends. Just oike we all do!
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@tarazkp ·
A strange post indeed - my head is a little rambly at the moment and likely will last a couple more days til I can shake this flu thing.

If your son ever does become a professional footballer, he is going to want to make sure he really understands finances, otherwise he will end up earning a lot, and having nothing. 

>Being your own bank will probably only be for the happy few of us

As a bank that lends money etc yes, but as people who manage their own transactions, I think we can all do this to a far greater degree and be better off for it.
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@fullcoverbetting ·
Hope you get better soon!
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@ga38jem ·
$0.24
I was always interested in numbers but never in finacnes. This changed with my first job an I became obsessed with it! :D

Very cool article to read! :)
šŸ‘  
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vote details (1)
@tarazkp ·
I think finance is what brings it all together for many people, as there is the "game" of it in the numbers, making it like you say... obsessive. :
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@gmzorn ·
$0.24
My kids are really young but I am finding some of the most appealing maths for them is counting coins, and counting attack and defense and power levels in a card game I designed with my kids. A colorful abacus helps to visualize it.

I used to like maths as a kid and never really understood the it's not useful argument. How are people supposed to design and build all the technology we use without maths?

Abouyt the conditioned consumers part, well, you know what they say, a fool and his money are soon parted, so if you want money, one tactic is to condition people to foolishly give it to you...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gmzorn/re-tarazkp-hynu4)
šŸ‘  
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vote details (1)
@tarazkp ·
That sounds like a great way to teach numbers. 
I play UNO (cards) with my daughter, yahtzee for probabilities and the like - she loves it. Games used well are perfect tools and I love that you designed some with the kids - it makes them part of the creative process - the numbers are "theirs".

>I used to like maths as a kid and never really understood the it's not useful argument. How are people supposed to design and build all the technology we use without maths?

It is a visualization thing. I can't visualize the numbers into something practical (at the higher levels), so regardless of me knowing that it is necessary, there is no mental connection for me. For other people, they can "see" the numbers differently - school favors them. 
šŸ‘  
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@gmzorn · (edited)
I get that people have a hard time connecting with maths, sure. Our societies depend on maths and engineering and possibly even more so in the future though. All the ideas about blockchain being transparent and 'trustless' depends on whether people can understand the code and algorithms and maths behind it all to some degree or other, if not, then you just go from trusting one group of financial and government and legal experts to trusting another group of experts in maths and programming, the people that are designing the blockchain aplicactions...šŸ¤·ā€ā™‚
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@ismaelrd04 ·
Thanks for this. 
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@jfang003 ·
$0.24
I don't mind the numbers and crunching them can annoying sometimes though. Of course, you can't avoid it if you really plan on figuring out how to proceed. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-tarazkp-4wjuia)
šŸ‘  
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@tarazkp ·
I think most people avoid the uncomfortable, so I figure most people avoid numbers, especially when there is the risk of loss involved. 
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@jfang003 ·
Well, people can manipulate numbers but it really puts things into perspective. So I think people should stop avoiding numbers as it will help them more in life. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-tarazkp-k315m)
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@preparedwombat ·
$0.25
>I think this illustrates how poor children are at predicting their needs for the future.

As a kid, I certainly never imagined that I’d spend much of my working life in front of a computer screen.

In elementary school (so 50+ years ago), one of my teachers said to look around the room. And that some day, maybe, just maybe, one of us in the room might get to use a computer. We scoffed at her.
šŸ‘  
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@tarazkp ·
$0.08
There might still be one or two from that class scoffing :D
My father was forced into using computers for the first time in his 60s as a teacher in the early in the early 90s - it was a hard road, but he managed to get something accomplished. Must be very scary to be in that position. 
šŸ‘  
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@ryivhnn ·
Good luck trying to force a kid to care about something irrelevant to them no matter how absolutely essential you think it is xD 

There isn't a lot of stuff that "needs" to be picked when kids are 4 anyway, mine all picked up things quicker (and also actually learned it) when they realised it was essential/important to something they wanted to do, and it definitely wasn't when that kind of stuff "should"/"needed" to have been taught (because somehow magically if they don't learn it in grade 5 that's it for life it will never happen?).

And then having said that, if a brain isn't ready for something, there is literally nothing you can do to force the information in anyway.  When eldest was 6 he was absolutely desperate to be able to read.  He tried and struggled so hard, there were tears and tantrums at the dining table (where they did most of their "formal bookwork" nonsense), but his brain simply refused to grok the concept of blends and rejected every single attempt and method to make him understand.  He turned 8, magically got it in one sitting, started reading novels shortly afterwards and now can't remember not being able to do it.

> every move a bank makes is in the pursuit of money and profit for stakeholder wealth

I get where you're coming from but this sounds exhausting x_x

<sub>and also vaguely infuriating but that's more to do with my own attitude XD</sub>

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@rynow ·
$0.25
I agree, get to know economics and cryptonomics!!
šŸ‘  
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@tarazkp ·
It is the way of the future, and if it fails, we are 99% doomed :)
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@senorcoconut · (edited)
Now all we need to be confident about is where to move our funds for best profit!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@senorcoconut/re-tarazkp-5bcm5h)
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@tobetada ·
$0.25
really excited for the new ranked rewards :))
šŸ‘  
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vote details (1)
@tarazkp ·
$0.06
What do you think will happen in general?
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@tobetada ·
hmm, well like you said I also think that rental prices will flatten and I also think that the prices of cards will generally increase. But couldn't say by how much as it is dependent on so many factors. What gets me excited that this will also fix a lot of the drained value from the Splinterlands ecosystem as bot operators will have to put in value rather than being able to just extract it. I guess we will just have to wait and see :)

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@videoaddiction · (edited)
$0.24
RE: What everyone should know
>... maybe adults with enough experience know relatively well what is likely to be needed.

When I was a child, of course I was not able to know all the things I needed, but my parents. Through years with experience, I saw that what they knew was not sufficent. Today, I will raise my kids according to this, however it also might not be sufficent for my children. Everything changes...
šŸ‘  
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vote details (1)