I cannot think of any way out, except to be depressed about the whole matter.
The only way out is to scrap the whole fucking system and design a new one.
I recommend it being based on time as the commodity and that time can then be ratioed for everything of value.
The world no doesn't work like that.
We are likely going to have several systems operating at once, and there will be violence and volatility along the way, and the most valuable (sound money based) of systems are likely going to continue to gravitate money (value) into them.
I think that we would be totally fucked in the event that some current systems were to be totally overthrown and abandoned - while at the same time some of the current systems are going to die through attrition and/or have to adapt to systems that are likely going to be tied to the King.
Furthermore, shitcoins are likely going to continue to exist and persist for at least an additional 50 years, and more likely more than 100 years because overall people are too dumb (or maybe too smart) in their various ongoing innovative ways to scam and get scammed by various kinds of vapourware (reminds me of vapourminer to some extent.. hahahaha)...
I am not even proclaiming to have much if any kind of clues regarding how a lot of this is going to play out because, even if the violence that we experience is not always physically revolutionary in nature with physical/literal blood in the streets, there is likely going to be ongoing figurative blood from the so many dumb (or is it smart) fucks who think that they know better because it is always going to be "too late" to get into bitcoin, and I should have gotten in back when it was only "$1million" or whatever other number that seems out of reach on the downside.
Those of us who ongoingly attempt to mostly HODL our bitcoins will likely be fine to the extent that we are not tricked out of our own coins in terms of our own tendencies to sometimes lose our humility and think that we can take too many risks with our coins.. in terms of finding various balances to make sure that we attempt to keep feet in both worlds in order to attempt to NOT cause our lil selfies to become targets, but also at the same time attempting to figure out that we have systems in place in which we are not going to end up losing all of our coin.. including but not limited to leaving too many coins with third parties and/or perhaps creating our own security systems that either are too complicated for our own good or leave too many coins in one place as well... it continues to NOT be easy to be your own bank and also to attempt to figure out if there may well be some ways to tweak your own systems of storage of BTC and/or how you may well talk to others about your security of their security, and even if you may well want to be helpful to others, there are also needs to have systems in place that don't make it easy to get to your coins without permission.. .. it is scary too in terms of figuring out how to pass coins down as well, because we cannot have all of this information in our heads (about how to get to our coins).. so maybe trusting some people or trusting some instructions to be found in the event that some of us might bump our heads a wee bit too hard.. and do we really want to donate all of our coins (even if it might only be 0.63BTC or so) to the whole space.. rather than being able to pass such wealth to people of our own choosing, even if they might not actually deserve receipt of such wealth.
Do we write the instructions down somewhere? has anything changed since we wrote out the instructions (need to update?)?, are the instructions sufficiently non-comprehensive as to NOT cause coins to become accessible to the wandering maid, .. if you leave fragments of keys with others, are they treating them sufficiently seriously to have any clues about what to do with such fragments of keys? do you have redundant systems? but not too redundant? I don't fucking know.. ? On a personal level I had some systems, but then recent revealed information really puts my previous systems into question, and I am not exactly sure about a solution that is sufficiently comfortable for me.. even if the system that I have in place may well still end up working if I got hit by an astroid today... James Webb, are you out there? Can you see anything coming my way?
Maybe we aren't in a bear market but just in a temporary summer correction...
I realize that you are likely joking.. but this is a serious matter.... so gotta speak sternly to uie pooie... think of this "little talk" as grandma lecturing you about getting cookie crumbs all over your new pajama top.. and treating you like a little slob from the street.. it does not feel good but it is necessary for grandma to do it Sorry to rain on your lil bulltard parade.
#nohomoThe reality is that we are in a bear market.
(I hate to present my lil selfie with such seeming certainty - since it's somewhat out of character for me)It's been confirmed since about early to mid-May when the BTC price dropped below $35k and failed to easily and quickly get back above that price point.
#juststating the obvious.Bonus point... it's not really clear at what point we would be out of this particular bearmarket that we happen to be in.. but perhaps getting above $30k would be a good start.. even though getting close to $30k might also make some of us start to feel like saying we are out of the bearmarket, even though getting close to $30k would likely not be enough, either.
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