IJCH - Inside JaiChai's Head

(Meaning: My Warped, Personal Opinions and Musings)

From the Author:

Salutations.

I am JaiChai.

And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.

I invite you to interact with everyone, learn, and have as much fun as possible!

For my returning online friends, "It's always great to see you again!

Imagine This: "The Tourist Mindset and Recentralization"  

Until the global mindset values a monetary system based on transparency, decentralization and a proven limited supply (cryptocurrency) over an opaque, debt-based, centralized and unlimited supply (fractional reserve banking, aka money printing at will) - our current monetary monopoly - institutional investors and the general public will remain "tourists" in the crypto space.

That is, much like vacationers in a foreign land, they will always "think" in USD when spending crypto. And more value will be siphoned out of the crypto space and replaced with ever-devaluing fiat.

Or Big Money will continue to hedge their bets and hoard crypto by offering customers fake wallets (a la Robinhood and PayPal).

Why are they doing this? To recentralize a future where crypto is just a digitized version of the current fiat fiasco.

So how can we ensure this doesn't happen?

Simple.

Don't treat your time in crypto like a tourist on vacation. Start "thinking" and spending with a mindset on value based on your choice of top crypto.

Think. Think hard!

Are you falling prey to greed (or false hopes of quick riches) and getting into and promoting shitcoin scams left and right?

If so, that is polluting the space . That's basically printing worthless crypto out of thin air just like the fiat printing press.

Supporting shitcoins that you have no idea why they exist, but solely because you happened to be an early adopter (aka early sucker) dilutes the value of crypto projects that actually have real world use cases.

In short, you are supporting recentralization, not decentralization.

Again I say, think. Think hard!

Are you clearing the way, or impeding the fair transfer of wealth into, not out of, the crypto space?

Submitted for you to ponder during some quiet moments.

In lak'ech, JaiChai

"Really Appreciate You Stopping By. Truly hope to see you again!"

And if you liked my post, kindly Upvote, Comment and Follow.

This is YOUR TORUM INVITATION!

About the Author:

Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.

In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.

(image source)

After 24 years of active duty, he retired in Asia.

Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).

He lives on an island paradise with his girlfriend, teenage daughter and three dogs.

(image source)

(JaiChai 8-24-2021. Simultaneous multi-site submissions posted. All rights reserved.)