Bitcoin. A Serious Look at Red Pill and Nations Going Their Own Way
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Hello everyone. My name is B, your host for this weekend on Sobuka radio. For those of you new to this show, we have re-branded this series to “Weekend With B,” where I will go deep into a specific country or general topic every weekend and perform an analysis.
First off, I’d like to say... Thank you to current subscribers for hitting that Like/Upvote button, and for folks interested in finding more information relating to foreign Bitcoin and cryptocurrency news in Eastern and Southern parts of the globe, you can subscribe to the Sobuka YouTube Channel or follow us on Steemit.
You also have political news pundits on strong and opposite sides of the coin, hence far-right, Alex Jones vs far-left Rachel Maddow with their own particular audience. Altogether, the US is becoming strongly polarized as most Americans have noticed. You do not even have to look that far past North Carolina. This concept is nothing new and most of you folks would probably agree with me.
I have yet to think what or who is leading the middle ground in all this confusion. Since this is an international cryptocurrency channel, let me stick to the subject of my title. First, let’s define what a red pill is. I understand more than half you guys in the crypto space already know “Red Pill.” And no, I won’t get into Sandman, MGTOW, MRM, or the Men’s Right Movement. That’s a special type of Red Pill in itself, but nonetheless in the same awkward bubble. I will talk about the original definition of what the Red Pill is from the 1999 film, "The Matrix." In this movie, Morpheus offers Neo two pills. The red pill will answer the question “what is the Matrix” and the blue pill, “simply for life to carry on as before.”
You have a decentralized system where people still have the option of transacting goods and services anonymously off the blue pill grid without a bank or centralized agency acting as an intermediary. An asset like Bitcoin, would fit the Red Pill community made up widely of conservatives, libertarians, constitutionalist, “true” free-market capitalists, and NGTOW, which I like to call “Nations Going Their Own Way” as an example. And yes, I just made up that last expression to represent the interesting sub communities out there.
What will this Red Pill society finally look like? Will we be transacting a fraction of a Bitcoin for a bucket of milk? We must almost step back in time towards post American Revolution. This does not mean we lose our technological focus at all. But it might mean we give up some “comfort” at least in the short-term until a structured, decentralized society and foundation has been set up. What will that look like among technology is a futurist dream for early adopters who currently today live off-grid or who transact exclusively with Bitcoin at this moment. These two groups of people and hybrids in between are good visionaries to start out with.
But let’s reflect with what is going on in other countries outside the US. I’d like to coin this group as the “early red pill Bitcoin adopters.” For example, just recently, we have already heard about people in Venezuela surviving off Bitcoin.[1] We heard about a company in Argentina by the name of Profile installing 250 hybrid ATMs meant to support both Bitcoin transactions and cash withdrawals.[2] We even heard about new Bitcoin exchanges opening in third world areas in Africa and India.[3]
Over in South Africa, there are communities transacting in crypto currencies already. And to the right of South Africa, even Australia is getting primary students between the ages of 5 to 13 years of age to get familiar around the concept of blockchain technology, so that their kids, which is their future, can be prepared with voting, identity verification, and remittances.[3]
As for what the Blue Pill would represent these days, that would obviously be the US dollar, and I will not elaborate further on that based on prior statements.
The next interesting pill is the Purple Pill. This can be represented by a mixture of Blue and Red. I actually find people in this category just hedging between both sides of the spectrum given the sensitivity of the US economy, and realizing that when the switch comes, we can either be in a Red or Blue society indefinitely. To address a scenario like this requires some assortment of financial diversification, which can be defined as not “putting all your eggs in one basket.”
We all know that certain type of “hopes” dissipate or fly away eventually. There was the Hope for stocks during the .COM days to rise higher. There was also the Hope that the 2007 housing market would keep on rising. And thirdly, there was also Hope for “Change” in 2008 and maybe change did happen, but in the wrong direction for most folks living in flyover America. So, can you guess where I am going with this? I am getting to the fact that the next Hope crisis could be in cryptos if Hope does not prove worthy on delivering something.
In summary, right now I think the best bet here is to take the Purple Pill. Be agile, ready, diversify, don’t be greedy, and take sensible profits while the crypto trend is up for people and nations. And tying into many poor nations, even they have started to diversify by adding cryptocurrencies like Litecoin and Ethereum in addition to Bitcoin.[4]
So lastly, everyone must remember to hedge, hedge, hedge by diversifying. Gold/Silver, stocks, cryptos, cash, and whatever thing is meaningful that you can find. Just simply ask the Venezuelans how they are doing with the last part.
I’d like to end this radio broadcast with a quote by Barry Ritholtz, an American Author and CIO of a wealth management company. He says, “Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.”
Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find myself, B, and Sarah here from time to time.
Alright ladies and gentlemen out there…You can check out references to all this information on Steemit. Thank you for either watching or reading this info. Lastly, you can subscribe/like on YouTube or Follow the team on Steemit for more information like this.
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Relevant Sources
[1] "1 Bitcoin = 2.60 oz of Gold. Australia Venezuela Mexico South Africa India and Kenya." By Sobuka. 8/7/2017. https://steemit.com/gold/@sobuka/1-bitcoin-2-60-oz-of-gold-australia-venezuela-mexico-south-africa-india-and-kenya
[2] "Bitcoin. A Serious Look Into Argentina. Past, Present and Future." By Sobuka. 8/12/2017. https://steemit.com/bitcoin/@sobuka/bitcoin-a-serious-look-into-argentina-past-present-and-future
[3] "US Affecting Bitcoin Adoption, Innovation and Technology." By Sobuka. 8/14/2017. https://steemit.com/bitcoin/@sobuka/us-affecting-bitcoin-adoption-innovation-and-technology
[4] "Bitcoin News on Peru Israel Palestine South America InkaPay ICE3X Palestinian pound." By Sobuka. 7/14/2017. https://steemit.com/bitcoin/@sobuka/bitcoin-news-on-peru-israel-palestine-south-america-inkapay-ice3x-palestinian-pound
thanks for the sharing
sorry. this is an old post. trying to set up vids in DTube, the new Steemit video platform.