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JC Collins

@HigherManas

23 Apr

1/8 Someone needs to hear this right now. Especially if you’re new to crypto. No one knows what this market will do. Least of all anonymous online personalities. Crypto is a new asset class and is going through dramatic birth pains. There will be more. But understand that there

2/8 are varying levels of crypto. Some are designed for institutional use, while others are for pure speculation and fun. All want to be taken serious. Not all will be. And there is everything in between. We are moving through the total speculation phase of the market and into a

3/8 utility based consumer and institutional based market. This will change the market. Dramatically. The Wild West days of crypto will come to an end. So position yourself wisely for the future. But have some fun along the way. After all, it is crypto. But temper the get rich

Read 8 tweets

JC Collins

@HigherManas

19 Apr

1/9 Why did the German mark in the Weimar Republic hyper-inflate? Why hasn’t the USD hyper-inflated? The obvious reason is the USD is used globally. The mark wasn’t. But it’s not that simple and those seemingly opposing facts tell us something very important about the developing

2/9 relationship between fiat currency and cryptocurrency. A money supply can grow and it will have an organic supply and demand influence on the value of that currency. But value compared to what? Herein lays the answer. The German mark didn’t hyper-inflate because so much was

3/9 printed. Though that seems like the logical outcome. It hyper-inflated because the exchange peg arrangements with foreign currency were adjusted to accommodate that printing. This change meant it costed more for Germany to import goods and their exports collected less.

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JC Collins

@HigherManas

18 Mar

1/10 John Searle in his seminal work The Construction of Social Reality posited the idea that there was no objectionable reality within human social constructs but only institutional reality, such as money as a human institution. Money has value, or is an institutional construct,

2/10 because we all collectively agree that it does, and is. The institutional construct of money has always changed. Narratives that move mass institutional awareness are often weaved years and decades in advance of institutional acceptance. This is an organic process which

3/10 seldom requires direct human orchestration, though such orchestration can exist. Under the umbrella of money, there are competing value propositions that feed the higher construct. But there is always a dominant value proposition that serves the overarching institutional

Read 10 tweets

JC Collins

@HigherManas

1 Aug 19

@IotReevolution

@IotReevolution @Crypto_Bastiat @Radiog3nic @KennedyPattiso1 @BakkupBradley @digitalassetbuy @DigitalNomadInv 1/10
Excellent question which doesn't have a simple answer. Deflation is a decrease in the price of goods and services, which is in turn an increase in the value of currency. Opposite holds true for inflation. When looked at as a financial asset, XRP has a decreasing supply

@IotReevolution

@IotReevolution @Crypto_Bastiat @Radiog3nic @KennedyPattiso1 @BakkupBradley @digitalassetbuy @DigitalNomadInv 2/10
and presumably an increasing rate of adoption. Through basic supply and demand principles this will lead to increased valuations for XRP. As a straight bridge asset exchanging value between other currencies and assets, the increasing valuations, and subsequent

@IotReevolution

@IotReevolution @Crypto_Bastiat @Radiog3nic @KennedyPattiso1 @BakkupBradley @digitalassetbuy @DigitalNomadInv 3/10
liquidity expansion, wouldn’t have a deflationary effect upon the price of goods and services as those goods and services would still be measured in domestic currency, which would still be managed through interest rates and inflation. XRP is not subjected to an interest rate

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