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Wednesday, May 04, 2022 12:46:48 PM
As much as possible OUR World will be moving into the Digital environment in every business & facet possible which only gets further reinforced in a Capitalistic Country as ways to further reduce costs are continually sought, reviewed, & implemented. Innovation as a management tool for inflation has long been a key tenet in American historical success. Where we are now in time allows us to replace old analog solutions (which tend to breakdown more often) with software/digital solutions that can even be fixed remotely and in scale for much cheaper than we could do in the analog world.
Thom's statement of today mentioning a blend of chemistry into the mix is very exciting.
As a CEO of a public company, I can’t get into details until an official announcement, but I can say that we are working on the blending of chemistry and technology that I believe will have a profound effect on helping large segments of people suffering from varying degrees of mental health issues. An estimated 26% of Americans
Chemistry preforms new and better functions when using digital technology. Such is the same for Bitcoin. Security costs much less than analog stores of value like gold, can be traced and the people responsible caught (see link below). Gold can be melted down and the cost of security is much greater in the analog world on physical assets.
https://www.forbes.com/sites/jonathanponciano/2022/02/08/feds-seize-36-billion-in-stolen-bitcoin-arrest-couple-five-years-after-massive-crypto-exchange-hack/?sh=3b61b53b7c95
There are many tools in the inflation protection toolkit. Not all work as well as each other and some have lost favor as new better tools are created, implemented, and adopted en masse.
In the Financial community, Gold has proved that it has not been a good store of value and has held up poorly when measured against the velocity of M2. Gold should be much much higher than it's current price yet it struggles. Look at the trillions of dollars printed during Covid... Gold should have followed in lock step if it was a good store of value. Now, compare Bitcoin's rise vs Gold.
It's unfortunate that many still believe Gold & Diamonds are a good store of value. Gold is inflationary by the very fact that more gets mined every year and most gold mined is still in circulation. Feel free to look up the very definition of inflation should you disagree. As for Diamonds... well, they are made in labs now which are very difficult to distinguish so... massive supply that most consumers would never be able to tell the difference on. Bitcoin has a ledger which tracks it forever.
Thom is about to make NFTs (where every one is unique and has a certificate of pedigree that follows it) with WDDD.... something diamonds can't do in the analog world nor can gold or any other precious mineral or metal.
Yesteryear: https://www.history.com/topics/westward-expansion/gold-rush-of-1849
Today: https://www.cnbc.com/2022/05/04/california-governor-signs-executive-order-on-cryptocurrencies.html
Recent WDDD News
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