RE: Bitcoin’s Original Sin

I look at economies that have devolved, or have not yet evolved. The resourceful survive. The flexible. Can't be set in a 'profession' but have to respond to the dynamic of the economy. Something as basic as knowing how to fix things becomes important. People create opportunities in microeconomies--selling to each other. Almost everybody is an entrepreneur, neighbors selling and buying from each other.

My husband and I are living on pensions and Social Security. That model won't be here in the future, I think.

Owning assets...a piece of land, a home, tangibles such as gold and other metals. That's the only security I see. Translates from one economic model to another.

Does this sound post-apocalyptic? I don't see good things coming. There isn't a lot of hope in the young, and I think they are right.

Oh for sure! It's incredible important to be able to trade things with our neighbors, the local people around us. I do it all the time, and people have done it for millenia. We trade favors. I know how to fix X, Y and Z and I tell my neighbor about it if they have a problem they talk about. We then figure out minor ways to help each other out.

I think the days of working in a single spot on a factory floor are gone. Specialization is okay in some categories but being siloed is detrimental to society as a whole, in my opinion!

It sounds a little apocalyptic but it's a cycle, unfortunately. Hard times create hard men. Hard men create good times. Good times create weak men. Weak men create hard times. If we look at history with this lens, it lines up pretty accurately every half century or so!