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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: TobagoJack who wrote (170241)4/6/2021 6:56:29 PM
From: sense  Read Replies (2) of 217561
 
I do think crypto has some of those features...

When they are able to make it more efficient than what we have now... without intermediaries... ? ...for which post--crash innovations I will still not hold my breath... then it has interesting possibilities... of the sort we'd already all have now if they didn't intervene to prevent computer tech changing banking 20 years ago...

But, the bigger impacts I see now aren't really coming from the direct digitization or tokenization of money... as much as they are from the tech liberating the function of choice... which is far more what they acted to obstruct 20 years ago in the wake of Springstreet Brewing doing the first and only direct public offering as an internet IPO... preventing it gutting a generation of innovation... not just in the beer business ?

The two sets of controls and impacts are similar... 1.) in "money" flows the interference slows velocity... the more interference you have the less functional economy you will have... with impacts that aggregate over time... due to lesser velocity. The advocates of deflation fostered wealth transfer WANT less velocity... which is why that is what we have now ? 2.) in "choice" the interference is more complete... Springstreet the last of its type... meant a generation of lost opportunity you can't get back. Rather than lose control to direct public action, and lose the ability to charge tolls on capital raised... they clamped down and RAISED the tolls... cutting off financing to half or more of the companies in the pipeline... and took enough to kill the rest... which worked well... if the goal was to prevent change that threatens existing monopolies... as the goal has been.

What I find more interesting... was the pent up frustration of people shut out of capital markets... unable to support the changes they wanted. So the transition from innovators seeking IPOs to donors "gifts" of money to those fostering change they wanted... upended the capture and subversion of the market obstructions. So, now, after 20 years of suppression... we have gotten half way back to direct IPO's only with gross excess in SEC oversight still... and the growth of "gifting" to enable change has not ended...

There is untapped potential, still... that might be realized only IF the crypto crowd finish the job of enabling disintermediation... but, better to not talk about that... until after its happened ?
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