Tales from the Crypto

5-10 years ago I used to hear Youtube conspiracy theorists and online citizen journalists rail against the idea of a "cashless society." Now they're all talking about "buying the dip" and I don't mean chewing tobacco. What tf do you think the crypto craze is a step towards? Having said that, I will buy the dip because I think it's a good long term play to increase your digital assets or (inter)net worth. I'm choosing my words carefully here. I know each generation believes they are the first to experience sh!t and that's why they are so easily taken advantage of. If you can't hold/touch it, you don't own it. That was true in the past and it still is. I once posted a pic of a phonebook size volume my retirement company sent dealing with quarterly reports, projected earnings, etc. It was filled to the brim with legalese. Maybe 1 in 10 million people could read that and extract the real meaning from it as it was written. I take it to mean the following:

You are the proud owner of this book that details the performance of your account., but you don't actually own the account itself or the stock shares therein. If it comes time to liquidate your account and we give you what these type of documents say you are entitled to, then congratulations. If we don't, then you're fucked and we told you as much in a very unclear, meandering way on page 237 sub section 4, sub paragraph 2, sentences 3-30.

Maybe I have a friend who is that one in 10 million who can tell me if I got that right. Bottom line is you don't own much of anything. And the further you are removed from the tangible, the further you are removed from actual ownership. Also, all markets are subject to manipulation. Don't let these a$$h*les run game on you."Well, you see, with block chain technology..." Stfu! They'll turn off your app to stop you. And just like you can old gold shares that aren't attached to any gold, you would be insane if you didn't think they were doing the same thing with bit coin and the like. Is that app really letting you purchase and own what you think you're purchasing or is there a phone book of legalese undergirding every transaction?

In any case, that is where we are headed so if you can position yourself to benefit slightly from the transition, you might as well. Just understand that the economics of such a transition have already been considered and planned out. I mentioned before that the reason why the gov't doesn't make DNA testing mandatory is because it's more profitable to do what they're doing which is grab the closest man to her and name him father by default. If they could more effectively monetize DNA and its testing to where it was more profitable than the current system, then they would do it. You would start hearing more stories of men getting f#cked over. They would start backing candidates that would push for change. Maybe a major healthcare provider or two starts offering it in their plan. And you would start seeing it rolled out. But the money has to be right first. F#ck doing the right thing for the right reason. Similarly, when you see crypto currency mainstreamed i.e. back by the gov't, they've already run the numbers.

"We'll start them off with a teaser tax rate to get them on board. And we'll actually make more money because all the hookers and cash and carry hustlers can now be taxed. And with a tax code as clear as the phonebook report retirement account holders get, we'll need more IRS agents because we are going to have a lot more, d!cks, t!ts and cl!ts in vice grips."

In any case, position yourself to be in the best position as possible, but make sure you always have something you can touch because anything digital can be seized, confiscated, turned off, etc. and that includes this blog.