I’ve had an opinion on this and it goes before crypto. I was born in 86 so I feel confident calling it from that vantage point.
The Greater subject would be called Economic Nationalism.
In 1999 “practical” U.S Jobs went overseas. *Before then also but in the masses at that time of 1999.
My favorite example is Nike .They want to sell “us” Michael Jordan the image but they don’t want “us” to make the shoe.
Imagine an African American Guy making a Nike Shoe, Getting off, Going to a local bar and watching the game. Watching his favorite player wearing the shoe he just made
The butterfly effect of this is Colin Kaepernick kneeling during the Anthem.
*I’m from North Carolina. There was a senate race between Harvey Gant and Jesse Helms earlier in the 90’s. The race featured an ad from Jesse Helms that goes something like " You needed that job but they had to give it to a minority" to fill a racial quota. Jesse Helms won.
But back to the African American Guy making the Nike shoe. Now 20 something years later I’m reading Spain is looking to be heavily invested in Africa, China is Heavily invested in Africa.
It could of been the African American guy who went with Nike to Africa to open a factory in Africa.
A really Awesome feeling for everyone in the U.S also. No donate to a person in need but Job creation.
I blame it on the subconscious of American Society.
Too many people like Joe Biden held hands with people like Jesse Helms and walked them into the 21st century. And we’re all human, I don’t want to be malicious but just being honest. Obviously Joe Biden has done good stuff. But it’s these kind of compromises that are layered on top of true righteousness that have created our distorted reality.
I don’t want to completely break the space time continuum and say what if Slavery didn’t happen or if Jim crow didn’t happen? I’m going by my life and the events that took place in it since 1986.
If we kept jobs at the 1999 point arguably we would of be on the frontier of what China is doing. Going and building in Africa. we would be experiencing less social inequalities in the U.S. Jeff Bezos would still be successful but not as rich. And that would apply to the whole spectrum. Less Super billionaire, billionaire, multi millionaire but we would have many more millionaire, hundred thousandaire, and thousandaires.
It might seem like i left the topic of cryptocurrencies but to bring it back in we would also have a lot of respect for the National Economic system and the American dollar where the technology of cryptocurrencies would be within a narrative of “the new technology to strengthen our financial system” rather than “Can bitcoin reach 300k?”
Food for thought.
Once upon a time Pepsi dropped Atlanta Rapper Ludacris from an endorsement deal because of his lyrics and persona. I believe there was a polarization of “thug/gangster” that was used. The Boycott was driven by Bill Oreilly and Fox News. Beyonce ran with Her Pepsi Deal (50 million). A Few Years later during the Zimmerman trial Trayvon Martin was also polarized by the same news network as a “gangster, thug,” even something about he listened to rap music.
A few years later after that Beyonce does a Pepsi sponsored Superbowl halftime performance of “Formation”.
This year we have Kendrick Lamar and company doing the Pepsi Superbowl Half time show. Imagine after all the protest and rioting from yester year That Kendrick Lamar got dropped by pepsi because his persona and lyrics.
This thing with Beyoncé. It’s a greater subject. But a very blatant example of what’s happening to people conforming to a system. What would of happened if she didn’t take the deal 20 years ago?
One could argue the movement would have stared then. Instead it took a few high profile cases and videos of black people being killed and recorded for the masses to react.
I read Jack Dorsey was invested in Bitcoin and that he has a relationship with Jay z. Jay Z is a board member of Block (formally known as square").
If I cant call it?
A day or two before Cardi B asked Jack dorsey on twitter " will bitcoin replace the dollar?"
A day or two before I posted here on The Cardano Forum " The N Word as it Pertains to Crypto Currency". I knew this guy wanted to sell bitcoin to Black people.
as other cultures also but I believe commercial Hip Hop centric people love “what it would of been like to invest $10 in bitcoin in 2011 type feeling”
All the while these crazy bitcoin mining machines are up and up in Kazakhstan. In a decentralized concept who is going to stop the bitcoin mining company in Kazakhstan from burning coal?
I can be humbled by technology and its contributions. Bitcoin has not done it.
I don’t feel comfortable buying a Frappuccino from a Starbucks while the equivalent of 6 weeks of an American household’s energy use and the equivalent to 1.5 iphones of ewaste to be discarded for that transaction.
I think without the hardware bitcoin is genius. But everything has a catch and that is a very heavy catch.
The kid in Kazakhstan that is growing up in smog with the internet access he didn’t have yesterday is going to look at us as a whole and hate us more than osama bin laden.
After it’s said and done: How to kill a revolution? How to put out the flame of the torch that black people have been carrying?
Turn them into worse people.
I don’t think it’s a conscious decision. Many of the intellects of today are carrying the emotional baggage of their fathers and grandfathers. We are getting smarter at stupid decisions in the pursuit of becoming rich.