The Gold Rush

By CryptoBrush | Crypto Brush | 20 Oct 2022


If you are in a Rush then read only Bold text.

Back in the 19th century. Starting from 1897 until 1899, masses of people gradually migrated to Klondike Yukon upon hearing news that local miners have found Gold the previous year ! Newspapers reported: some early prospectors brought home the equivalent of $700.000 in Gold nuggets! - Gold traded at $20 back in 1896, today's price is $1625.

Seattle Post Intelligencer newspaper front page for July 17, 1897

Seattle newspaper announcing the arrival of gold from Klondike, July 17, 1897

    Near to 100.000 Prospectors tried to reach the recently found heaven. On their route a full economy sprung. Ships were built and boosted to respond to the high demand on transport, the trading business was at its best, towns popped all along the road to the goldfields, reporters, writers, and photographers all had some hot content to spread, even politicians...

 

Steamer EXCELSIOR leaving San Francisco for the Klondike, July 28, 1897

The S/S Excelsior leaves San Francisco on July 28, 1897, for the Klondike

 From the 100 thousand people, only 30 to 40 thousand has actually made it to the mines, amongst them only few have actually found gold and become wealthy, the remaining majority lost their time and resources in vain!

Although many people weren't in this rush to mine gold at all, they've been running businesses providing supplies and various services to miners. Many of them had made good money, and some made crazy money out of this!

Dawson City during the Klondike Gold Rush. Interior view of grocery store.

Dawson City during the Klondike Gold Rush. Interior view of grocery store

 It pops to the mind that the Klondike Gold Rush isn't too different from the current "Cryptocurrency Rush", where people are no more panning for gold nuggets but seeking the next hidden crypto gem or the next pump; Trying to get rich after hearing that early prospectors (adopters) made insane fortunes buying Bitcoin and other coins, or even meme tokens at the right time.

 

man panning for gold on the Mokelumne, 1860.

Man panning for gold on the Mokelumne

 Probably some of the readers here are amongst the few successful in this quest! So if you are one of them, yes You, please tap on your shoulder as you have achieved what the majority of cryptonauts can only fantasize about! (and make a generous tip worth 0.1% of your portfolio while you are there so I can retire early 😅)

For the remaining majority, me equally. All of us who are not making it, yet! and I know we are not few, let us not be consumed by the frustration we are causing to ourselves by seeing cryptos and the Blockchain technology from the narrow angle of fast enrichment! And let us not get blurred by our hopes to magically resolve our financial issues with a simple click , as this is crucial to be able to see this great technology as it really is: its the technology creating tools that can make our everyday life easier, in so many aspects.

 

Dilbert Comics Mock Blockchain Mania - CoinDesk

Dilbert Comics Mock Blockchain Mania - CoinDesk

 Actually, following the analogy to the gold rush, the rising blockchain tech has created plenty of opportunities other than just buying coins and tokens.. Web, mobile and smart contract developers, community building personnel , marketers, content creators , artists, lead generators, management tools providers, are some of the highly profitable parties in this blockchain revolution..

And at the end more jobs can be created when people will start to focus on the blockchains use cases rather than charts, even if it doesn't appear as much exciting! It's a whole new universe that is being created for humanity and it is needing real and honest users who can see the value of the services created, and find ways to use them profitably.

Proper usage is the only way a blockchain service can be successful, As an example this tool here: UHive (ref link) which is a Social Media Metaverse, if used properly can bring more exposure to your business, more tokens shares, or more fun, whichever your focus is on.

That is the route to take for more realistic and guaranteed benefits.*
*well I know I wont quit buying tokens too lol

 

  • Thank you for reading my first article on Publish0x, I hope you enjoyed it.
  • Use the comment section and make me know if I should do better next time.
  • thumbs and tips are the signs of your greatness 😀
  • Try The Uhive Social Metaverse where I am volunteering as a "Decentralized Moderator" : Try UHive

How do you rate this article?

29


CryptoBrush
CryptoBrush

The blockchain is a tool to change the world


Crypto Brush
Crypto Brush

Some thoughts on the blockchain technology and beyond.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?