Cryptomaniac (Part 2)

The Evolution

After the era of 8-tracks and albums, some of us can probably remember rewinding cassette tapes to get to a song we actually wanted to hear. After cursing out the walkman for a while, the CD-player seemed to be a Godsend. We enjoyed that device until we realized how sensitive it was and how easy it was to scratch our favorite discs and cringe through the part of the song where the disc was defected. In 2001 Steve Jobs introduced us to iTunes and the iPod, which allowed us to carry around “1000 songs in our pocket.” Steve Jobs and Steve Wozniak knew there was a better way to experience this form of entertainment.

Today, the act of purchasing music is now easier thanks to our ability to stream music through subscription service providers. The product of music has evolved into the experience of music. We are beginning to realize how the evolution of ownership quickly becomes antiquated when there is a more efficient way to have the ownership experience without the burden of maintaining the asset. Sometimes evolution is imminent because environmental conditions simply require improvements to the quality of human life.

Cryptocurrency provides users the value of participating in an alternative pecuniary experience. Crypto allows users to identify as investors as well as consumers at any given moment. Crypto provides an experience to users who enjoy investing, spending, and saving (in one place/ platform) without the burden of maintaining the physical asset.

Own Nothing, Control Everything

I read an interesting post the other day that described the business models and ownership positions of the top companies in the world.

Facebook: The most popular media company in the world creates no content

Amazon: The largest global supplier has no storefront

AirBnB: The largest accommodation provider owns no real estate

Uber: The worlds largest taxi company owns no vehicles

Bitcoin: The worlds biggest bank, with no actual cash

Innovative Disruption

Every industry will eventually experience some sort of innovative disruption. Corporations appear to be taking back the reigns from government and individuals are creating corporations. Technology will act as a tool for corporations. As it relates to currency, technology has met the demand of the people and those who are open-minded stand to benefit from these upcoming opportunities. Those who resist will only widen the wealth gap between the digitally wealthy and those who failed to take advantage of the revolution.

The Primer

In 2020 America announced US Coin Shortage which required people to use exact change while shopping. How is it possible to know the exact dollar amount you’ll need to have before you go somewhere and make a purchases? Though debit and credit cards are commercially accepted, crypto cuts out the middleman, the financial institution. Crypto goes from consumer through blockchain to recipient. When you pay debit and credit, your money is passing through financial intermediaries: the merchant, the acquirer, issuer, and cardholder. An unnecessary process that may become obsolete in the near future if financial institutions don’t wake up and find a way to market the safety-benefits associated with traditional banking to the public before it is too late. Unless “they” want us to go to cryptoville…. Hmmm..

To date, the most universally accepted currency is the US Dollar, which accounts for over 60% of central bank foreign exchange reserves. You know what will soon hit 100%... You guessed it, Crypto MF Currency! Although bitcoin is the official currency of Liberland, there are some countries such as Ecuador, Bangledesh, and Iceland, that have banned Bitcoin. On the flipside of the coin, entrepreneurs like Akon, have decided to invent their own version of the currency called Akoin, which Akon projects will be the main source of currency in Senegal, Africa, and beyond. In an attempt to continue the marathon of generational wealth, financially savvy businessman, Nipey Hussle invested in Bitcoin back in 2013, and owns a stake in the company Follow Coin. Don't you just love the smell of optimism!

If you are interested in grabbing some Bitcoin, Dogecoin, or whatever other crypto you’re into, head over the investment page and choose a platform to sign up with. Tell them Michael Scott McCain sent you.