The Monetary Paradox: Inside The World Of South Korea's "Bitcoin Zombies" & Why "Money Cannot Buy Happiness"
The immutable problem with money -- and materialism -- as a whole is that everything starts with/in the Mind... the Principle Of Mentalism, which makes value subjective, hence the impossibility to have a stable currency... the bigger the mania, the bigger the bust... cryptomarkets have fallen prey to a mania, like many others, regardless of the complexity of blockchain in this case.
Because of the fluctuation of value, materialistic pursuits cannot bring about happiness but exactly the opposite. What is deemed "valuable" changes over time and depends on social trends. Once upon a time, plastic was deemed a very valuable material, which today is polluting the entire planet. We have even managed to pollute space. Incredible? Will space junk end our modern way of life? It works the same way with so many other material speculations on Human Lives and Nature.
BREAKING DOWN THE CONUNDRUM
We only have 2 choices: understanding the illusion of value and accept that money cannot be speculated on, zero-economic sum game (nobody can hoard money)... or going currency-free , with passion for what one does and voluntaryism become the only currency... which one is the simplest? Why Is Thinking Not Recognized As The 6th Sense?
A Stunning Look Inside The World Of South Korea's "Bitcoin Zombies" | zerohedge | The country's crypto-trading craze is so pervasive that the country has developed the term “bitcoin zombie” referring to people who check the cryptocurrency’s price around the clock. Even the country’s prime minister Lee Nak-yeon expressed concerns over Korea’s bitcoin craze, warning that “young people and students are rushing into virtual currency trading to earn huge profits in just a short period of time,” and that “it is time for the government to take action as it could lead to serious pathological phenomena if left unchecked" forcing young people into illegal activities like drug dealing..... As an example, as Reuters details in its just released deep dive in South Korea's crypto-community, on a recent weeknight at Sungkyunkwan University in Seoul, more than a dozen students crammed into a classroom not to study, but to share tips on investing in so-called cryptocurrencies, which have driven tales of fantastic returns for savvy investors.... But some in South Korea’s financial establishment say those hopes may be unfounded. Kim Yong-beom, vice chairman of the Financial Services Commission, said Monday that the only reason prices were going up was because each investor expected the next buyer down the line to pay a higher price. “That really is a Ponzi scheme,” he said. (MORE AT THE LINK)
WHY IS THE WORLD GOING INTO THE WRONG DIRECTION
Our day of reckoning isn't that far ahead anymore. There is no "if" but "when". All great spiritualists have warned populations against materialism in their own words. The Earth Custodians endorse them all.
The Fascinating Scientific Reason Why "Money Doesn't Buy Happiness" | alternet.org | According to the research, in modern America the average income required to be happy day-to-day, to experience “emotional well being” is about $75,000 a year. According to the researchers, past that point adding more to your income “does nothing for happiness, enjoyment, sadness, or stress.” A person who makes, on average, $250,000 a year has no greater emotional well-being, no extra day-to-day happiness, than a person making $75,000 a year. In Mississippi it is a bit less, in Chicago a bit more, but the point is there is evidence for the existence of a financiohappiness ceiling. The super-wealthy may believe they are happier, and you may agree, but you both share a delusion. (MORE AT THE LINK)
Money Spent On Life Experiences, Not Material Things, Brings Happiness | medicaldaily.com | In the pursuit of happiness, life experiences matter more than the acquisition of material objects. Scientists living in one of America’s most expensive cities — San Francisco — have come to the conclusion that money can’t buy happiness.But most people already know that. They just refuse to believe it. Rather than investing more to enjoy life experiences, many spend time and money to acquire material objects they believe to be tangible indicators of happiness, though always fleeting....... "There were just huge underestimates in how much value people expected to get from their purchase," Howell said. "It's almost like people feel they will get no economic value from their life experiences and therefore they feel this tension in spending money on them." (MORE AT THE LINK)
SOME BLOGS YOU MAY HAVE MISSED
Crypto Not Bulletproof, No Antidote To Knowledge And The Challenge of Voluntaryism
The Monetary Paradox: Voluntaryism Is Always Hard To Sell... Unlike Armageddon
The Monetary Paradox: The Too Big To Fail Mantra Taking The Planet Down
The Matrix Paradox: The Crusaders Of The Innerverse And Artilect War Coming Faster Than Predicted
The metaphysics of the Earth Custodians Movement is The Spiritual Science Of Vibration. It is a Movement for people willing to protect Life on Earth. More than ever, a movement for Humans who want to remain Humans -- and in control of their own thoughts -- has come. A paradigm shift is on the horizon. Become familiar with the Earth Custodians' axioms: http://www.earthcustodians.net/blueprint.html. Join the EC forum to discuss this extremely important topic and prepare for mindset transitioning and a currency-free society! No-sugar coated realities! The EC blog always strikes at the root and it is not always pleasant to read how bad it is out there. But it is necessary so that Humans can come back to their senses. Thank you in advance for following, upvoting, resteeming, help spread the aims of the Earth Custodians and don't forget to continue your own research! http://www.earthcustodians.net
lol, I love that a "money free" advocate is on this money based platform begging for money. Its like she is admitting that money is a pretty damn good tool to use to reach your goals.
"Voluntaryism" falls apart because it cannot work with bad actors. It assumes everyone is good. This is obviously not true. It is also extremely inefficient, it seems to be no better than barter. And we all see barter economies dominating the world. /s
Earthcustodians tries to set up a false dicotomy, either an evil zero sum money society, or wonderful sparkly sky money free society. Money is not evil, it is a tool to be used for good or evil, same as every other tool man has created. The free market is also not a zero sum game. Every trade freely made benefits both parties.
A money free society cannot work at scale. The communists tried to implement money free and failed miserably. The real world is more than just black or white, and black or white solutions will fail.
The free market pricing system is the best system we have to efficiently use our limited resources.