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Crypto, Business & The Truth of Lies

By Thomas Wolf | Thomas Wolf's Den | 3 Oct 2022


I am not in the business of doom & gloom, I save that for others, however, I do wish for my readers to be awake; not standing in line blindly hopeful like hungry sheep headed for slaughter.

“Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.” ―Oscar Wilde


We can’t all win all the time.  Many people shill to survive, some do it for followers with the sole ambition of continuing to grow their portfolio, not yours.  If someone is invested in something, how likely are they to tell you the truth about the downfalls of their investments?

Profit and winning are an addiction, a play on the human mind.  Casinos and advertisers use many techniques which are relentless to keep people playing.  Don’t you love that feeling when you watch your portfolio grow, or you are selected in a contest for a prize?

Hope sells.  Doom & gloom has no place in crypto advertising, even in a bear market.  The problem, it seems, falls on the way business is conducted from the ground up.  In practice, if someone isn’t marketing a product, they are useless.  However, in business, as Robert Kiyosaki recently said on The Rich Dad Channel, “The product is not the most important part of a business.”

It’s hilarious how someone can be right in business but wrong in practice.  Projects promise the moon but fail to deliver on a product a lot of the time.  This gets us nowhere, except with cyclical investments and that money almost always goes to the people shilling ideas with no product that has any function to aid mankind.

What I wish to see is people waking up to basic facts, such as, we are in a recession even if the government isn’t yet officially announcing it.  We are headed into World War III, and both sides have been preparing for it since World War II.  Markets cannot be bullish when the world is at war while resources are scarce, and inflation is getting so bad even the wealthy are panicking about where to put their money; most opt for gold.

Every time I find a good project I can’t wait to write about it.  Sadly, there are not that many of them out of the thousands of projects in crypto.  Most are copies of someone else’s idea or are scams.  Where are the original thinkers?

Another quote worth mentioning is, “The best ideas can be explained in 60 seconds.  A great idea with someone who cannot execute it is useless.” -Kevin O’Leary

It’s my goal to deliver the truth to the best of my ability, in a format that can be digested and respected.  I think from a scientific perspective, in which a hypothesis must be under rigorous challenges in order to even qualify as a theory.  As Voltaire said, “Common sense is not so common.”

When I point out flaws in a crypto project such as the fact Bitcoin cannot scale, or gas fees with Ethereum, it is not meant to be a stab at Ethereum developers or Bitcoin investors.  In order to make changes for the better, we have to identify these trues and confront them or we will not make progress.

I can still support a project such as Bitcoin Cash (BCH) while knowing its faults, and pointing them out opens up a window for project governance to solve them.  Some say the truth hurts, I say no pain, no gain.

The economy is in the toilet, and all data suggests that it’s going to get worse.  Worse than that, the environment is devastated as a result of the heat and pollution we continue to put out in the world.  With nearly 8 billion people on the planet, only a small few operate carbon neutral and it’s physically impossible not to produce emissions as human beings on a smaller scale.

While people pump their projects they turn a blind eye to our existential issues and are not providing the world with any insight or concepts for progress.  Everyone wants to throw a party that never ends, but most are waking up to watch reality set in at their expense.

Sometimes it pays to bet against the market, which still means you are an investor.  If you watch people jump off a cliff, fall, and die, would you follow them to their death because they said it was a good idea?  No - I'd sure hope not.

The same principle applies to holding assets that continue to fall with only the hope of resilience to reinforce your investment.  That’s foolish at best and it is quite amazing how many fall for it, it has become the status quo.

I hope to motivate you to think critically, there are many cliffs ahead of us.  However, there is an upside to down.  That’s when the real money is made, the problem with investing is not knowing the true bottom, but to those that invest when it hits, they and their families are set up for life.

The bottom is coming, would you rather be a sheep that took a hard fall, or invest at the right moments and bounce back harder than all?  Don’t look to influencers for advice, that is not their purpose.  Would you ask a car salesman the best way to invest in a car and expect an honest answer?

Find the truth, do your own research, and maybe you’ll catch the true bottoms in life and win in ways you never imagined.  Don’t contribute to the problem of lies for someone else's pocket change - be the change by following the truth all the way to success.

As always, comments & suggestions are highly encouraged.

Stay smart & Stay safe.

-Thomas Wolf

Pronouns: He/Him/His

DISCLAIMER

I am not a certified financial, tax, or legal advisor, analyst, or planner.  The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes.  I am not responsible for any losses or damages incurred due to misinterpreting my personal opinions for professional advice.


Follow Me:

Twitter - Read.cash - Noise.cash - LeoFinance - Steemit - Hive


Honeygain - Passive earner, P2E, offerwalls - pays in JMPT via BSC or BTC
Cointiply - My Longest used Crypto earning & faucet site
Rollercoin - Mining simulator P2E game, pays in BTC; 1,000 Sat Ref Bonus
FireFaucet - An earning site that pays better for some than Cointiply
Pipeflare - Faucet that pays in ZCash and MATIC, Games pay in DAI
Sandbox - Metaverse P2E, now listed by Binance and Coinbase
Womplay - Mobile dApp Gaming Platform that Rewards in EOS & NFTs
Upland – Metaverse Monopoly, Real Estate Passive Earner
GlobalHive - ZCash (ZEC) Faucet
FreeBitcoinCash - Faucet and Offerwall App, 20,000 Satoshi Min. W/D
LitecoinGiveaway - Faucet and Offerwall App, 100,000 Litoshi Min. W/D
ADBTC - Easy PTC for Satoshi’s, Works in Mozilla Firefox!
FaucetCrypto - A lesser known earning site, pays in a variety of cryptos
FreeCAKE - A CAKE (PancakeSwap) hourly faucet


 

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