Early AM Musings 😸
Chris Kacher aka Dr K [528% in 2018] KPMG verified investor, [10.09.19 05:16]
Chris Kacher aka Dr K [528% in 2018] KPMG verified investor, [10.09.19 05:16]
5 AM thoughts: The distant future is small free cities where govt services are auctioned (each individual chooses what they need- the highest form of govt efficiency), police and military drone armies are funded by the total of each individual’s CPU power*, skill-based immigration policies are based on that city’s specific needs with special consideration to immediate family members, all the while surrounded by a sea of failed socialist/leftist states. 😸**
*The easiest way to achieve this is through virtual ‘taxation’. Services will tax your CPU (mobile device, laptop, etc) and use it to mine crypto, which will be redistributed to creators based on the duration you engage with their content. This removes any friction so you don’t have to do a thing. Blockchain is the revolution that will enable this. Crypto is what will enable you to be paid.
To elaborate, companies will emerge that enable the consumption of content without the necessity for users to pay creators or service providers directly. For low CPU usage tasks which is almost every task you perform online: real-time collaborations, watching video, listening to music, reading articles, social networking, photo sharing, etc, these services will tax you a % of your CPU usage and use that to mine crypto which will be distributed to the creator according to how long you spent watching, reading or using what they made. The creator will increasingly take the shape of a decentralized platform such as a DAPP that is self-sufficient in this form of taxation. It will therefore be self-sustaining. As I type, decentralized self-driving vehicle platforms which I spoke of back in 2013 in meetings in London, some with Vitalik, are finally becoming a reality which will co-exist with centralised companies such as Uber and Lyft much as p2p file sharing co-exists with Netflix and iTunes. Creators, in time, whether owned or self-sustaining, will be paid in this manner of virtual taxation from their contributions.
It’s many dots to connect, especially back in 2013 and even today. But at least the light at the end of the distant tunnel is finally visible.
**A brave new world awaits. Buckle up! 😹😹😹
Chris Kacher aka Dr K [528% in 2018] KPMG verified investor, [10.09.19 05:51]
6 AM thoughts 🙀: In this age of QEndless which recently had a QExplosion, the worst asset to hold is a sovereign bond with a negative yield. $3 trillion in the month of August alone went negative bringing the total to over $17 trillion. While fiat currency by definition has zero yield, it too has a theoretically infinite supply thus I stand by my “race to zero” argument.
The best assets cannot be printed thus would include real estate, bitcoin, precious metals, collectibles, and even stocks. Rest assured, major fiat devaluations are increasingly likely which will further accelerate the appreciation of the aforementioned. This in turn will drive the Gini coefficient to all-time highs which in turn will fuel populist politics which will fuel progressive social(ist) unrest (excuse the pun 😹).