An Exodus
Fiat to Crypto
We’re witnessing an exodus in the storage of human-value.
Human-Value
The effort, ingenuity, creativity, positivity, and all the expressions that make us who we are — humans. It’s the energy that keeps all of our infrastructure going and going— the linesmen that makes repairs when the power goes out the firefighter that rescues an entire family from their burning house — the writer that entertains his thousands of readers.
Whether it’s fiat or crypto, society needs a technology that stores and exchanges this human-value…
We need it as an infrastructure, like running water and paved highways. With this infrastructure we can trade our human-value for things like food, shelter, and entertainment. Or we can choose to invest, determining which industries will development and progress — building a better future for our children.
When this infrastructure is running smoothly — we thrive. When it breaks, we suffer.
Hate it or love it, there already exists a vast framework for the handling of human-value in the fiat system. In reality, crypto can only hope to offer stiff competition in the store-of-value marketplace — working it’s way to the ideal environment of collaboration and gamesmanship between these 2 systems.
Truth to be told, cryptocurrencies have a very long way to go before they can replace all those massive fiat institutions, run by thousands of powerful people — establishments ingrained in our culture. It would be like trying to replace all the plumbing in a city. It probably won’t happen.
Post-fiat will simply mean post-fiat-dominance.
Post-fiat
But it never gets old — there’s still profundity in trading fiat for a token native to some sort of crypto-infrastructure — transferring human-value from an antiquated system to a high-tech system. Feeling like I’m in some sort of sci-fi novel.
And then, perhaps the most amazing part, watching that value hold and persist through time and space. Watching it behave like money.
The average crypto investor might feel like he’s just buying anything, like he so often does on Amazon or on the stock market. More than that, he purchased entry into a system that changes what it means to buy or sell. On a fundamental level.
There are vast differences between these 2 systems of storing and transferring human-value: They are so different, yet functionally do the same thing for us. Like how a horse is so unlike a car yet, as far as we are concerned, they have one functional purpose — they can get us from point A to point B.
On one hand, the fiat system — bureaucracies that have adopted technological assistances in it’s functions. Simply, a bank uses computers and other communication technology to expediate it’s protocols — protocols that are traditionally performed by humans to store, preserve, and transfer human-value…
On the other hand, more than just a system that uses technology to assist in it’s daily droning bureaucratic tasks, we are getting a preview of some sort of sci-fi idealistic future where human-value is 100% technologically stored in a tamper-proof ledger of value — fully digital, decentralized, and simply verified.
More than ever, we have a technological infrastructure for storage, exchange, and accountability of human-value —an infrastructure like the internet itself — available for all to use.
Web3.0 is full of these well oiled-machines that run on the internet. Human-value stored and transferred with just the internet — without the inefficiencies of human-meddling.
Economic stability and prosperity
At the end of the day, we get excited about ideas that will benefit us in the future — it’s a matter of coming to terms with these ideas that separates those who reap the benefits from those that never quite seem to seize opportunities.
For many people, it’s plain as day, a more efficient monetary system means less value is lost in translation — which means more value for us to use to live the lifestyle that we want.
The class of those orange-pilled grows — those awakening to the fact that this more efficient monetary system is cryptocurrency.
