Are you taking part in the biggest transfer of wealth ever? Why Gaming saves lifes

in #anarchy4 months ago (edited)

There are still lots of long-positions ~60:40

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When the stock market crashes further, those get triggered! So don´t look for price levels. Prices are not predictable but possible direction can be modeled!

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Everytime the stockmarkets opens there is a jump in positive correlation with Bitcoin and it gets crushed a bit further. Far over a Billion in long positions is set in place for a detonation.

In the long run it becomes better

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imagine the long/short ratio flips and there are lots of shorts ready to blow up. In the case that the stock-market goes up, this would be a massive jump in BTC. So stay calm and be cautious.


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Imagine how fast the reaction of goverments would be under a prediction market

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[I have no problem with these politicians in particular. I have a problem with politics for important decision making]

You think you are an expert? Fine deposit 10k, 100k, ... and make your proposal

"policy xyz (closing the border immediately,...) reduces the infection rate at around 50%"
Deadline in 7 days

Now, all the other experts see your proposal and the intelligence of the market will decide whether your proposal is going through. Only informed people will bet. They are through a long selection process of decision making. This is why they hold lots of the decision-token. You can transfer the token because you cant transfer expertise. You can only exit the market by burning it for Fiat.

With a system like this, the virus would be slowed down within a few weeks. Probably even with the first attempt, because the threshold to get something through which is of that high priority, --> would require lots of other experts betting on your proposal.

THIS <-- is a collusion resistant mechanism, where the best decision will ALWAYS win. Politics kills.

Lets be realistic

Intellectual yet idiot Systems like politics will always be around. Idiots will stay in power with brutality and cruelty or like in the western world, because they usually do their jobs "OK", while failing in a humanitarian crisis. But I hope, that at least in the future we will see expert systems in crypto-ecosystems like Steem. Right now, the Influence of the Ninja-stake is still to strong. But freedom will come from unexpected sources of social interaction...


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Crypto Gaming one of the winners? - When fictional currency beats Fiat!

Some Industries are very well adapted to the new economies and the new world we see these days. One of them is gaming. Gaming is still a centralized market, but increasingly social.

  • ~2,4 Billion Gamers
  • Streamers like Ninja earn 500k per month only with streaming
  • new creative possibilities
    (Kevin Chou talk at a16z 2020)

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The EDM musician Marshmallow gave a virtual concert in the online game Fortnight. 10.7 Million people watched it! He made a 300% jump in album sales and 24k% jump in earnings from streaming.

making money with games and in-game items is still very hard. And you (like me before) probably think, that this is just some first-world luxury phenomenon. Well NO! While the national currencies of certain countries are in the free fall, people in regimes like Venezuela go online and earn in-game money - FICTIONAL currency. Like some World-of-Warcraft gold. They work in a computer game and cut wood or dig for gold (in a f**king game) and sell the in-game money on ebay or other markets. The game is able to provide them income while the central-government cant!

The virtual gold in "World of Warcraft," the online role-playing game, is now almost seven times more valuable than real cash from Venezuela, whose economy is in shambles. (CNN 2018)

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When a 2001 online game is feeding people

Venezuelan ‘Gold Farmers’ Are Selling Runescape Items for Bitcoin

Gold farming is the practice of playing a massively multiplayer online game (MMO) to acquire in-game currency later selling it for real-world money.[1][2]

People who hold full-time employment as gold farmers often reside in developing nations.[3]
(Wikipedia Gold farming)


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My personal research...

is still going on. There is some time left before I re-posses my crypto positions. I dont care about the dollar value, I want to use the market movements to accumulate more and more digitally scarce assets like ETH and Bitcoin.

While my friends and family talk about toilet-paper, the biggest transfer in wealth happens right before our eyes. In my opinion, right now (except for your and your families/friends health) nothing, NOTHING should be more important than to be awake. It is not about getting "super rich", it is about not getting rect. Young people will be disproportional more affected by sleeping right now than older folks. Every "crisis" brings a lot of growth. Older folks participated in the aftermath of the biggest crisis in modern day history (WW2), they acquired lots of wealth in the 70s,80s,90s. When you are 20-40 right now, you probably better don´t bet on a world war. Imagine we keep operating in the status quo modus operandi. Chances are good, that you will have literally no future --> comparable to someone growing up in the golden years. Yes you are probably more safe against total poverty but you will have no family, no children, no free time. You will be an over-qualified wage-i all your damn life. Work or else somebody else will took your job. Just my opinion.

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[Acceptance]

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Interesting ideas but im not sure if i really understand.

Only informed people will bet.

Are you sure? What about informed people who spread misinformation to lead the masses to be part of the betting. They could create other informations to make profit and predict a scenario that wouldnt happen without these manipulations. I think there is always a way to trick this market.

Maybe you can explain this all with more details and a Post with german translation would be great too.

Das ist ein wichtiger Punkt!

Wettmärkte basieren auf evolutionärer Selektion, es würde niemand Token halten der sie nicht verdient hat. Es gibt also keine demokratische Kollusion wo viele Idioten gebündelt Schaden anrichten. Das Problem welches du beschreibst haebn wir ja massiv in unserem aktuellen System. Die Entscheidungstoken wie USD und EUR verdienst du mit deiner Arbeit und irgendwelche Mediaoutlets versprechen die die nächste heiße Sache.

In sein Artikel "on Collusion" beschreibt Buterin solche Kollusions resistenten Mechnismen die es tatsächlich gibt. Deren Kollusions Resistenz man auch mathematisch beweisen kann!

Ein Problem ist natürlich Assassination Markets. Hinrichtungs-Märkte wurden darmals von den Cypherpunks erfunden, hier wettest du auf den Todestag einer Person aus dem öffentlichen Leben (was vollkommen legal ist), wenn du recht hast, dann wirst du und jeder der darauf setzte entlohnt. Indirekt bezahlst du also jeden der die Sache in die Hand nimmt. Meines Wissens nach wurde soetwas nie ernsthaft genutzt (im Gegensatz zu echten Börsen: 911 oder zuletzt der Anschlag auf den BVB) aber diese Probleme lassen sich dadurch lösen welche Wetten man zu lässt. Die normalen Nutzer könnten mit Veto immer noch Wächter über die Moral sein, was bei Börsen nicht geht.

Jetzt verstehe ich es besser. Danke! 😅👍

My train of thoughts exactly. Instead of getting scared and liquidating all my coins, I'm seeing this as once in a green-moon kinda opportunity.

Stacking more of BTC and my favourite altcoin, Chromias $CHR ( Diversified blockchain platform, delving in blockchain gaming, deventralized applications, and real estate).

I think to myself, its likened to the idea of buying a mansion for half the price, or purchasing undervalued gold, set aside the temporary price, its still quality nonetheless!