Regen Library #3 - What It Means To Win - Minimal Gravitas

Transcript

hello all JT here this is Edition number three of the Region Library and our first installment written by user minimal gravitas from eat finance a subreddit focused on all things ethereum as well as being a contributor within the EV Mavericks Dow today's entry into the Region Library is titled what it means to win winning as you'll listen to isn't all about the money as we all know in crypto winning is so much more than that always has been as always regen Library content does not necessarily reflect the exact views of green pill but the content is a pretty

good conversation primer enjoy a lot of people think on much too small of a scale this isn't just another investment it has a very real possibility to completely replace the current Financial system if we play our cards right investing in and educating people on projects that are based on values like true decentralization rather than just chasing short-term profits then maybe we've got a chance to avoid the ridiculous wealth disparity and environmental collapse that the Legacy economy is barreling us towards if you

want to see how it could play out there's a great novel by Kim Stanley Robinson called Ministry for the future in it one of the key components in Saving the biosphere from global warming is a complete overhaul of the financial world through a cryptocurrency called carbon coin it basically replaces the Legacy Financial world through just being a more reliable investment than anything else money flows into it and the central banks despite years of resistance eventually have pretty much no option but to adopt it by far the biggest segment of the global economy is referred to Under the Umbrella of

derivatives and is estimated to be worth in the order of 550 trillion dollars globally everything else from money in your pocket invested in bank accounts real estate debt everything amounts to about 350 trillion but disregard all that for a minute and let's just look at derivatives the crypto equivalent to this Market sector is D5 liquidity pools on uniswap yield farming on Sushi swap put and call options on open perpetuals on dydx synthetic assets on synthetic etc

etc the total value of defy has grown to about 200 billion dollars today if its growth continues it will be worth more than all tangible currency coins and notes in the entire world in a year or two if its increases continue then by 2030 it could be worth more than the everything except derivatives section of the current global economy and in the same order of magnitude as Fiat World derivatives while I don't think that time scale is necessarily realistic I do think that if investors see the returns that are possible in defy the Innovative products available and the

permissionless frictionless way value can move around it's in no way implausible to see really huge amounts of bunny flow into the system once governments and tax authorities realize that every transaction can be tracked across the blockchain I think a lot of their strongest objections will fade away especially once they also realize that there's no real way to stop d-apps running on a truly decentralized blockchain at some point in the movement of wealth from the Legacy Financial world will cross a threshold whereby crypto has more economic power than the Fiat system if we've built it well

enough to resist control by Banks and governments I can Envision steps whereby public goods funding from the blockchain based Dows fund more infrastructure than taxes quadratic voting on issues you care about replaces representative democracy with a more direct version blockchain-based IDs replace passports for travel supply chain verification and running on Roll-Ups coordinates global trade etc etc and then as if by Magic The Legacy Powers will just slowly be rendered obsolete back to the novel though because carbon coin runs on a blockchain

it kills the concept of tax Havens allows the tracking of wealth and leads to social pressure for companies to decrease the gap between lowest and highest earners to something resembling the U.S Navy where Admirals only earn eight times that of new recruits with money now all blockchain based many countries use the tech to instigate Universal basic income something that people are slowly starting to realize is going to be a necessity in a world where we need to shut down huge Industries like fossil fuel extraction not everywhere we'll be able to afford to

provide you bi and even among those receiving it presumably a lot of people will still want to do something productive luckily the whole basis of the carbon coin is carbon capture so one way anyone on the planet can earn it is by planting trees meaning even the poorest people can earn some and there is so much incentive to capture more carbon that we avert the worst case scenario of climate change it's basically my ideal what it means if we win scenario I'm not really in crypto to get rich I'm here because that's the future I want I want a decentralized economy and a

society that is capable of coordinating sufficiently to survive the global threat we're facing because without that then everything else you might want to acquire is going to be worthless there is a long way to go before we get there and there's plenty of hurdles on the road ahead but I believe there's at least a possibility of bringing it about well if you want to keep going down the rabbit hole I also recommend the bankless and greenpilled podcast episodes on moloch Kevin owaki and others are currently focused on this with this green pill project there's lots of other interesting people in the

community building towards this bigger goal Carl Flores of optimism is worth listening to on the green pill podcast their roll-up is planning to use the transaction fees and Mev generated as a method of funding public goods roon from maker is advocating that they move their project D5 llama towards clean money and the proof of humanity team are already operating a Ubi scheme as well as the Civil resistance tool they have developed climadow has recently passed 16 million tons worth of carbon credits locked and of course git coin is building the quadratic tools that this solar Punk

future will need this is the real promise of crypto it's a real chance to change the way civilization functions giving us at least a shot at avoiding the great filter thank you minimal gravitas indeed this is what winning looks like you know what else winning looks like sharing this and other content from greenpill to the regen world we are building follow us on Twitter at greenpill net and find all our socials and more at greenpill.network on behalf of green pill my name is JT cheers and big hugs from Kansas City