WHAT DEFINES MONEY AND ABUNDANCE?

The Great Flippening

When I was a young girl growing up in a small town in South Africa, we used to use the slang ''Oh Flip'' when something was going wrong.   So I find the use of the term ''flippening" to describe the possible overtake of Ethereum of Bitcoin in terms of market cap rather amusing.

However. the debate around this momentous event in cryptocurrency has also raised issues around what defines ''money'' or ''currency''. 

As Gyft co-founder Vinny Lingham said on Twitter:

"Bitcoin is better money, deflationary & scarce. Ether is not really money, inflationary & abundant. The Flippening makes no sense."

In other words, Lingham argues that Bitcoin has been designed as a currency with a limited amount of coins, while ether is designed as fuel to power Ethereum's so-called ''smart contracts'' platform. It is really a token, not a currency.

But even Bitcoin has its' critics for acting as a currency.  Brad Bechtel, a currency strategist at Jefferies LLC said of Bitcoin: 

"You can't really come up with a valuation for it and it doesn't yield anything yet people perceive it as a safe place just in case everything else goes completely nuts." 

Hardforks and Steemit Value

Who defines the value of anything? Be it the printed dollar bill in your hand or the unseen digital Steem Dollars in your Steem account.  Money used to be aligned to the amount of gold that a country had in stock, but that has long since gone....now money is effectively just "printed".  Okay, okay, before you shout at me... I do know that there is a lot more complex economics behind it (more complex than my brain can process), but if you really boil it down to the basics...that is the gist of it. 

The hardfork of yesterday had many on Steem celebrating because the ''value'' of their post payouts had tripled.  However others were worried that the value of Steem would decline because of this new Hardfork.  'Only time will tell.

What Does this Mean for Me and How I perceive Abundance?

I think the basic takeaway I have from all of this is that we need to completely change the way we think about earning money and abundance.  Some people work their whole lives in extremely difficult, labour-intensive jobs and earn pitiful salaries that barely keep them alive.  Others write simple posts on Steem and earn thousands of Dollars.   

There is no fairness in the system. Instead, we have to open ourselves to abundance by thinking differently, seeing abundant opportunities in challenging circumstances, being open to radically different approaches and valuing people for who they are, not how hard they work.