Investing into scarcity and the weight of Blockchain

Pretty much, I have my 2.5 year old daughter to thank for being on Steem as if it wasn't for the challenges she faced, I would never have been pushed into a position of such desperation I would try anything, including fake internet money. Of course, I have learned a great deal about blockchain and crypto in the last two years like, we can make the fake money real, if we can get enough people to believe it isn't fake. Just like real money.

Most of what I do on Steem stems from my family and my will to do right by them, provide for them and hopefully deliver enough space that they are able to do more than have a life of subsistence. Along the way, I hope I can help many others do similarly for themselves and their own family too.

A few months ago @acidyo mentioned a ledger Nano S on sale through his reference and I decided to pick one up. Up until now I have kept my various coins in other ways but figure it was time to get a bit more serious about it. I haven't opened it yet, but I am going to > SOON

Nearly all of my coin holdings are in Steem I think that I will take the little I have of other coins and move them into one location for storage and, forget about them. I am also going to start buying in but I am going to diversify a little as while I believe in Steem very heavily, there are going to be uses for many other cryptos too and having a little put away of other coins mitigates a bit of the risk. There is still risk.

However, something I heard stuck with me the other day and that was that there is not enough Bitcoin in the world for everyone to even have 0.01 BTC. I did the math.

0.01 x 7,000,000,000 people = 70,000,000 Bitcoin needed but as we are aware, there will only be 21,000,000 available. So that means there is only really enough for everyone to have ~0.0033 Bitcoin. At the moment, that is worth about 12 dollars.

While not a talented numbers person, I do find numbers fascinating and wish that I could understand and play around with them much more than my feeble skills allow. No matter what the precision is though, it would appear that if mass adoption of crypto happens, the value of many coins has to explode and, more than Bitcoin will be included in that run. Yes, I think Steem is going to be among them and no matter what people think, it can have a much, much, much higher value than current price. As said, 30 billion market cap puts Steem in the 100 dollar range and while 30 billion sounds like a lot, it really isn't very much at all in the grand scheme of things and, there are some grand schemes going on in this world, as we are fully aware.

When I can start (after clearing some debts), I am going to start laddering further into crypto and make sure that some part of the meager savings I manage to squirrel away for my daughter is going to go into crypto also. While my wife is not fully on board yet with all the things I do on and for Steem and where I think it is going, she is definitely not on board with me using our daughters savings on it. So, I am going to tighten my belt a little further (I can comfortably skip a meal) and cut a few personal expenditures from my own spending. I don't actually spend very much on anything at all but, I can definitely find a way to get a few extra euros together and make a small purchase on payday each month.

I have never done this before but my new plan is to make a very strict habit of buying something each month rather than trying to save up and buy a larger amount occasionally. Even if it is 12 dollars a month, at current prices that would be 0.036 Bitcoin a year and in 15.5 years when my daughter turns 18, that may have some significant value attached to it. If not, it has cost me a few coffees and some donuts over my lifetime. A small price to pay for a chance at my daughter's financial well-being.

Making a habit out of it when the money comes in means that it is gone before I have a chance to use it and it has an out of sight, out of mind effect on me. This is also why I am going to start using the ledger as even while I do like playing around trading, once I have most of it out of sight, I ma far less likely to make stupid trades, as I have done many times before.

While I cannot guarantee that this will ever amount to anything, there are people who collect beanie Babies in the hope that one day they are going to be worth something to a collector due to scarcity. For many of the coins now including Steem, there is going to be scarcity.

In my last post I spoke that if 10 million accounts were holding equal numbers when the inflation hits 1%, each would have 65 Steem. What if there were 1 billion that wanted a piece? that would be, 0.65 Steem. Obviously, that isn't going to work now is it? There are about 100 million Ethereum currently (an uncapped supply also I think) Which means if 1 billion wanted a piece they can have 0.1 Ether each. 18.4 million Monero with 0.3 added every minute puts it in a similar position as Bitcoin... Hmmmm....

Not much crypto going around once you start bringing in mass adoption really is there. While buying into the volatility of crypto is risky, long term I don't see many alternatives (other than complete death of the tech) than a curve upward that will continue as more and more value piles onto the chains. @theycallmedan mentioned in his latest video about chains absorbing billion dollar companies and, it is just a matter of time.

I spoke to the strategy VP of my company a few weeks ago and he was highly surprised that there are blockchains that could buy the company many, many times over with their market cap. The only thing that really stops the blockchains doing it is that the people aren't organised enough to do so at this point. However, at some point the communities including on Steem will start organizing themselves and investing into real world and, real world will invest into Steem.

Again like @theycallmedan used the analogy of blockchains being islands and soon, the businesses will discover the value of being on them. As this value weight starts to mount on the blockchains, the blockchains become extremely powerful tools and offer a whole range of value that people are not yet recognizing.

Yes, many believe corporations are evil but that is not true, some may be. All of the small businesses however are run by people like me, a one person company and a husband and father that wants the best for his family without harming others in the process. For small businesses, blockchains can be a vital lifeline in a business world that is being swallowed by mega corporations. Those mega corporations however need us as consumers, we don't need them to consume.

A bit at a time, the world is going to change enormously.
It starts with us, ends with us.

Taraz
[ a Steem original ]

BTW, sorry @theycallmedan for the tags but, I would like more people to think a little more like you do on where the future is potentially headed as getting the view could better help them understand the why.