“We Need a Painter”
By TJ Connolly
Strategy, the corporation, may have defined a new framework for allocating capital. The advantages they describe appear meaningful but it requires faith in the currency/asset that is backing their capital structure.
In this case, the faith in Bitcoin as a source of security and comfort as a reliable representation of secure wealth is an amazing leap in psychology for the world’s population to digest and find acceptance of.
At the moment, the early adopters, the retail FOMO crowd, and the financial wizards of creating money out of thin air all smell huge opportunity, amazing risk, and the struggle to be steady or greedy as the best strategy.
Money is culture. Culture does not change in a year or a decade. Changing culture is a change in how we do things. It is hard and slow. It must be slow if it is to build trust from the ground up.
Right now, we have trust or an evolving trust at the top of the tree. That trust is permeating down, albeit slowly, to those with available capital or access to available capital. This is the building from the top down of the framework for the future that society does not yet accept. It is foreign to many, misunderstood by most, and embraced by those who realized before the general population that they could buy a digital song vs a physical album/CD. We have such a long way to go.
But this foundation must be built for the evolution of the human race to get to its next chapter of what is possible. We will need a global network of seamless cross-border commerce if we are to maximize the benefits of wealth for all the world’s people. We need a cross-border currency that has no allegiance to geography or political ideology if we are to ever have the greatest benefit from global commerce for all.
Now, Bitcoin is the currency. Will it be replaced by some other means of acceptable global currency to support global commerce? Time will tell, but the days of a reserve fiat currency and the usage of that moniker as a weapon are numbered. The world wants a global neutral currency for global commerce. Right now, Bitcoin is that currency.
The challenge? How do we teach the young about the tomorrow that we envision but which is not here now? This is probably what many of us do not appreciate about our own history. We have been here many times in the past.
Our ancestors, at some point, sought a new world of promise. They had little when they embarked, but they had dreams that they spoke of to their partner, their children and their friends. They painted a picture of a new world. Right now, we could use a good painter.