Chapter 8: CRYPTO HITS ROCK BOTTOM — BUT IS IT REALLY THAT BAD?

The future is bright. But there still might be some heavy clouds ahead. Photo by Pop & Zebra on Unsplash

“Experts insisted that the nearly 500 billion that had been erased in value since New Year’s Eve was only the beginning, and that we would see a ‘race to the bottom’.”

In line with that principle, we saw a strong crypto dip of 10 to 20 percent in every bitcoin and altcoin market. Casual investors dropped their high-risk investments, of which crypto remains considered as such. The fall was strong enough to even be noted by traditional mainstream media. And, in a state of shock, investors registered that crypto continued to fall. Experts insisted that the nearly 500 billion that had been erased in value since New Year’s Eve was only the beginning, and that we would see a ”race to the bottom”. Every cryptocurrency was expected to lose almost all of its value. For us martial artists, that was already a given: ”The higher they are, the harder they fall”.

”There may still be an ‘armageddon’ in between. In that case, what we have seen now are just the first tremors.”

Meanwhile, a second wave is underway, with focus on substance and results, rather than hype and aimless talk.

“The community became more important than your children. More important than your fellow man. More important than animals and nature.”

Our initial state, where ”organizations”, ”nations”, ”institutions” and ”societies” were summarily invented out of centralized structures and social contracts. They all eventually grew to such proportions that they appeared, not just to utilitarians, as being considerably more important than you as an average person.

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Rufus Lidman

Rufus Lidman

Data disruptor with 50,000 followers. 300 lectures, assignments on 4 continents, 6 ventures with 2–3 ok exits, 4 books, 15 million app downloads.