What if I told you that we, as a society, have been hoodwinked?

Not in the logical sense, no, for logic involves evaluating decisions based on conditional rationality. The manner in which we have been fed fallacies is much more dubious than that. It calls into question our acquiescence to the failing monetary system formed some 51 years ago.

Fact

Humans have existed much longer than that, having operated free market trade and commerce throughout most of history. Alas, it is our judgment of value that has changed. Value used to be derived from a coincidence of wants, and for the longest time, these wants have been something tangible, for if I offered you a spyglass for trade, and you offered me an option of gold or an intangible “promise", I will always opt for the gold.

The reality is, there are few metals that have had such an influential impact on human history as gold. From as far back as 4, 200 BC, to as recent as the end of the gold standard in 1971, it is gold that has summoned sparkles in the eyes of humans. There is one simple and ambiguous reason for this: war.

If there is one constant we can draw from the ever-oscillating cycle that is human history, it is that life has a tendency to trend toward turbulence. The saying “you can never have too much of a good thing” is ironically true, for when things seem good, one can confidently assume major disruption is just around the corner. The motif for this is not a question of existence, but rather, a matter of genetics, the very fiber that conforms to the human condition; greed.

Fallacy

Greed begets war, war begets disruption, and disruption burgeons change. These simple truths are omnipresent. The transgression that anything in this life is constant is simply a conditional fallacy. For a currency is only as palpable as the state in which it was born, x relies on y, so how substantial is a currency of a collapsed state? How valuable is x in the absence of y?

Early Vikings privy to this simple truth exploited it accordingly. Subsequently plundering much of the states they could impregnate, preferring gold above all else. For if a bounty did not inherit the tangibility that is gold, the endeavor was labeled perfunctory.

The history of gold goes much further than the Vikings, with Varna Gold appropriating itself as one of the most significant archeological findings of the modern world. Gold’s value and relevance throughout history are proven. Its tangibility and distinction remain steadfast in the face of war, disruption, and chaos. The same cannot be said about state currencies, so what deceives us so?

The fallacy of constant growth.

Ambition

The year 2021 was rife with ambition, the ambition for wealth, growth, and prosperity. This phenomenon was most apparent in the world of cryptocurrency. The fallacy of constant growth was disguised and sold mercilessly as a reality to you, the retail investor. If we only looked behind the curtain, one would witness a reality fueled by avarice, value extraction, and liquidity crunches; amalgamating motifs contingent on your misfortune.

The dominant currency of 2021 was not that of intangible meme coins, inflationary assets, or jpegs, no, the true dominant currency was drawn on a firm’s ability to sell narratives, to hoodwink you into believing a different reality, in spite of history.

Value

At this juncture, you would be forgiven for concluding I am quite crypto averse when the opposite is the truth. Cryptocurrency, (subsequent to the early motifs that spawned its existence), is a good thing. Yet we must not be so ignorant to assume that it is anything but transitory, just as correlated to the oscillations that plague the free markets, only with amplified risk.

I am an advocate for realizing a profit, but how does one realize anything given the realities I presented above? If we take profits into fiat, who is to say that the state’s currency will hold any value in the future?

I propose a new system for realizing material gain, one that goes against the fabric of fallacies we have so innocently accepted as truth over the last 51 years.

Pieces of Eight

I propose a new mechanism for evaluating worth and value. One that applies logic in the face of deception. Such a mechanism lends credence to the lessons of history, objecting to the denomination of any “singular” currency, favoring instead a system of realizing material gains in the most proven method to date, a mixture of gold and good stock.

The pretense I have laid here hints at a tool for value appraisal never before seen in decentralized finance. This is only the tip of the UpisDAO iceberg, a small but powerful facet of what is to come. Its existence can only manifest in the absence of motifs formed from avarice. If you are an innovator with which this resonates, consider subscribing for more details on how to contribute.

Up is now Down, Down is now Up, where will you draw the trend line?

Yours aye,
Capt. H