Has the Ethereum Boom Returned Economic Optimism? – Trustnodes

Has the Ethereum Boom Returned Economic Optimism?


“Many Europeans, Japanese and Americans feel better today about their economies than they did before the financial crisis,” says the Pew Research Centre based on a new survey.

Impressive. Suddenly everyone is feeling more optimistic than even during the early 2,000s, but the Economist, that old dinosaur of a gone by time, seems to think this optimism has more to do with political partisanship than the economy.

“Rising spirits partly stem from the return of durable growth,” they say. To then argue that an increase from 39% to 58% of Americans who describe the state of the economy as “good”, somehow has something to do with the Republicans being in power – even though the majority of Americans voted Democrat.

Economic optimism returns.

But, that’s the Economist for you. A relic of the industrial age, completely out of touch with the digital revolution. As we content the return of optimism is in part because of the boom this space is experiencing.

Technology is once more cool again and grabbing our imagination. People are looking to see what Elon Musk is doing with his Mars rockets, what Toyota is doing with their self-driving cars. They are trying to keep an eye on who might break those Facebook walls, where is the next Google.

The recent technological advances have now made it possible to envision a very new future that benefits everyone. Artificial intelligence, long promised, is becoming a reality, although in a very primitive and crude manner since it is merely the beginning.

Money, long held under lock and key by some unaccountable central bankers, is now being given to the people by computers, sparking a race to mint all the bitcoins and eth.

People are rushing everywhere. In ICOs and GPUs, in altcoins, in ethereum, in bitcoin. It is this boom, which has risen to a market cap of $100 billion, created from nothing, freely given to the people, that has made American’s  optimistic again.

It is the promise by some of the best of this generation that technological advances can now allow for new forms of organizing, making work fairer and more fun, replacing menial tasks with acting machines, while Musk tells them we will colonize Mars, that has brought back optimism.

It is the hope that by code we can solve many problems and give back freedom to the people, give them prosperity and even unity, that has made people hope again.

It is the code of Nakamoto, extended by Buterin, that inspires this generation and people across the world, from China, Russia, Arabia, Germany, Britain and America.

For it offers a dream. A dream of new opportunities in a flat world where anyone can join from any corner of the world. A dream of a people’s money, minted not by banks, but by everyone. A dream of new projects we, the market, judge and fund, with no middle men, no gatekeepers, no barriers.

A dream of a world with no borders in the digital space, where the human kind can unite and become one, judged not by race, gender, religion, nationality, but by intellectual capability and the morality of their character.

We dream of improving the world not through geopolitical annexing of countries or occupation, but through technological advancements, by employing the highest level of intellect to improve everyone’s life.

In this space alone we stand united with a focus on a dream long promised that is now within grasps. A dream that was lost in the past two decades as the internet became walled and human kind turned against each other.

A dream that has now been revived, with the promise of a flat world bringing once more a surge of creativity, a surge of innovation, a surge of inspiration, a boom that has not been seen for decades.

It is that boom that is bringing optimism. That promise of a new generation that we might even replace Facebook or Google, Hollywood or the current Artists gatekeepers.

That we might form new methods of organizing online, of how we work, of how we freelance, getting rid of the CEOs that get paid $30 million for nothing, our millions.

That our money will truly be our money. Not inflated away at the stroke of a pen, sending countries, like Venezuela, down collapsing. Not just given to banks or taken by banks. No, our money.

Against the tide of pessimism we rise with optimism. Against the drums of war we rise with the code of peace. Against division we stand united. Against hate we stand with hope.

Hope that the geopolitics of the last century, which gave us two world wars, is sent to the history books. Hope that the rights of liberty, equality, and the pursuit of happiness, become a reality in all forms.

Hope that the people of the world unite in one vision of colonizing Mars, of making flying cars, of getting rid of menial labor, of raising man’s intellect by extending thinking itself through code.

Comments (2)

  1. Yes, it is entirely likely the average person is more confident in the economy because of the blockchain (when 9 out of 10 people asked give you a blank stare if you mention “Bitcoin”) than with recent political results (which everyone is aware of, with partisanship at records high).

    Despite billions of globalist money behind her, Hillary lost. Get over it. Bitcoin is closer in spirit to libertarian ideology than authoritarian worldwide communism. As you push for more “diversity” in white and only in white countries, hiding away in your fancy upper middle class communities, thinking you will escape the consequences of your actions (you won’t), some of us see the immutable ledger as a technology with great potential to stop short the many manipulations that led cultural marxists to power. No more bankrupting a nation like Soros did in the 90s, no more American money funding European press pushing globalist candidates, no more terrorists smuggled with fake papers in Europe.

    1. Wow flat world twice trustnodes dropping flat earth theory bombs oh and to shameful the people thst know about bitcoin awake and excitied bout its potential the asleep see dow 21000 so either way

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