The Economy of Self is Prone to Hyperinflation
Self-Reflection

The Economy of Self is Prone to Hyperinflation

By Skyfries | Skyfries Report | 14 Jul 2021


For me to be a saint means to be myself.  Therefore the problem of sanctity and salvation is in fact the problem of finding out who I am and of discovering my true self.

-Thomas Merton

There is a finite amount of resources on this planet, and for the stargazing among us, in this galaxy.  In all systems short of command economy there is a hidden battle for resources and thereby capital acquisition.  Many cryptocurrencies are finding an identity crisis in that their use case does not adequately vie for the attention of capital acquisition, and are failing to be themselves rebranding over and over to the tyranny of the market.  Much like websites moving mobile and becoming a litany of dashboards for video clips burying the printed text I am seeing cryptos bend to the hidden whims of controllers. 

Chainlink, was the lone oracle json parser for years, as it climbed up the charts in market cap other tokens decided they needed to solve the Oracle problem for Web 3.0.  Bitcoin pivoted from payments to a store of value.  PAXG pivoted from a store of value to a way to attain interest in precious metals.  BNB pivoted from an exchange fee token to an ecosystem.  ETH pivoted from inflationary to deflationary since, like half life 3, will (never) release a layer 2 solution to the fees that scales. 

The crisis of identity makes investors excited with each new change and hard fork, but there is a foreboding music building in the background.  If there is a convergence of identity, coding the same things but in Haskell instead of C#, we lose creativity in the space and thusly the many become the few whether they intended to or not.  Thanks for reading my blog.  I know there isn't much insight here but I was feeling a little jaded about the way things are going lately on development roadmaps.

 

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Skyfries
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Musings from a late 20s Nashville Cryptocurrency investor

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