• Traders are moving their trading activity to decentralized finance (DeFi) inline with SEC crackdown on binance and Coinbase over 444% trading volume have been seen on DeFi exchange in the past two day.

    #awesme #somee #crypto #sec #proofofbrain

    [Image source](https://www.instagram.com/p/CtRorrgICGK/?igshid=MzRlODBiNWFlZA==)
    Traders are moving their trading activity to decentralized finance (DeFi) inline with SEC crackdown on binance and Coinbase over 444% trading volume have been seen on DeFi exchange in the past two day.

    #awesme #somee #crypto #sec #proofofbrain

    [Image source](https://www.instagram.com/p/CtRorrgICGK/?igshid=MzRlODBiNWFlZA==)
    Like
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  • Image Source
    The Gold Rush refers to a period of intense migration and exploration that occurred in the mid-1800s, primarily in California, United States, but also in other parts of the world such as Australia, Canada, and South Africa. It was characterized by a frenzy of individuals seeking to find gold and strike it rich.
    The California Gold Rush, which began in 1848, was sparked by the discovery of gold at Sutter's Mill in Coloma, California. News of the gold discovery spread rapidly, attracting people from all walks of life to the region in hopes of finding their fortune. These individuals, known as "forty-niners," included miners, entrepreneurs, and even families, who left behind their homes and traveled long distances to join the gold rush.
    The allure of quick riches and the promise of a better life led to a massive influx of people into California. The population of the state exploded, with tens of thousands of fortune seekers arriving by land and sea. The journey was often treacherous and challenging, with many facing arduous travel conditions and hardships along the way.
    Once in California, miners used various methods to extract gold from the rivers and streams. Initially, they relied on basic tools such as pans, picks, and shovels to manually search for gold nuggets and flakes in the riverbeds. As the gold rush progressed, more sophisticated techniques were employed, including hydraulic mining, which involved using powerful water cannons to wash away hillsides and extract gold-bearing gravel.
    The gold rush had a significant impact on California's economy and society. Towns sprang up overnight, turning remote areas into bustling communities. San Francisco, in particular, experienced rapid growth as it served as a major supply hub and gateway to the gold fields. Businesses catering to the needs of the miners flourished, including merchants, saloons, hotels, and transportation services.
    The gold rush also brought significant social and cultural changes. People from diverse backgrounds and countries flocked to California, creating a multicultural and cosmopolitan society. Chinese immigrants played a crucial role in the gold rush, contributing to mining operations and establishing their communities.
    While the gold rush did bring wealth to some fortunate individuals, the reality was that the majority of prospectors did not strike it rich. The competition for gold was fierce, and the easily accessible deposits were quickly exhausted. Many miners faced disappointment and financial hardships, while others turned to other industries, such as agriculture, trade, and manufacturing, to make a living.
    Despite the challenges and uncertainties, the gold rush left a lasting legacy. It played a significant role in the development and settlement of California and other regions. It spurred infrastructure projects, such as the construction of roads, bridges, and railroads, and contributed to the growth of commerce and industry.
    Moreover, the gold rush sparked technological advancements in mining techniques and equipment. It also fueled the development of financial institutions and investment practices, as people sought ways to finance their mining ventures and handle the newfound wealth.
    The gold rush remains an iconic event in history, symbolizing the pursuit of dreams, the spirit of adventure, and the allure of untapped riches. It continues to capture the imagination and serves as a reminder of the human drive for exploration and discovery. #someeofficial #gold #silver #cine #neoxian #oneup

    Image Source
    The Gold Rush refers to a period of intense migration and exploration that occurred in the mid-1800s, primarily in California, United States, but also in other parts of the world such as Australia, Canada, and South Africa. It was characterized by a frenzy of individuals seeking to find gold and strike it rich.
    The California Gold Rush, which began in 1848, was sparked by the discovery of gold at Sutter's Mill in Coloma, California. News of the gold discovery spread rapidly, attracting people from all walks of life to the region in hopes of finding their fortune. These individuals, known as "forty-niners," included miners, entrepreneurs, and even families, who left behind their homes and traveled long distances to join the gold rush.
    The allure of quick riches and the promise of a better life led to a massive influx of people into California. The population of the state exploded, with tens of thousands of fortune seekers arriving by land and sea. The journey was often treacherous and challenging, with many facing arduous travel conditions and hardships along the way.
    Once in California, miners used various methods to extract gold from the rivers and streams. Initially, they relied on basic tools such as pans, picks, and shovels to manually search for gold nuggets and flakes in the riverbeds. As the gold rush progressed, more sophisticated techniques were employed, including hydraulic mining, which involved using powerful water cannons to wash away hillsides and extract gold-bearing gravel.
    The gold rush had a significant impact on California's economy and society. Towns sprang up overnight, turning remote areas into bustling communities. San Francisco, in particular, experienced rapid growth as it served as a major supply hub and gateway to the gold fields. Businesses catering to the needs of the miners flourished, including merchants, saloons, hotels, and transportation services.
    The gold rush also brought significant social and cultural changes. People from diverse backgrounds and countries flocked to California, creating a multicultural and cosmopolitan society. Chinese immigrants played a crucial role in the gold rush, contributing to mining operations and establishing their communities.
    While the gold rush did bring wealth to some fortunate individuals, the reality was that the majority of prospectors did not strike it rich. The competition for gold was fierce, and the easily accessible deposits were quickly exhausted. Many miners faced disappointment and financial hardships, while others turned to other industries, such as agriculture, trade, and manufacturing, to make a living.
    Despite the challenges and uncertainties, the gold rush left a lasting legacy. It played a significant role in the development and settlement of California and other regions. It spurred infrastructure projects, such as the construction of roads, bridges, and railroads, and contributed to the growth of commerce and industry.
    Moreover, the gold rush sparked technological advancements in mining techniques and equipment. It also fueled the development of financial institutions and investment practices, as people sought ways to finance their mining ventures and handle the newfound wealth.
    The gold rush remains an iconic event in history, symbolizing the pursuit of dreams, the spirit of adventure, and the allure of untapped riches. It continues to capture the imagination and serves as a reminder of the human drive for exploration and discovery. #someeofficial #gold #silver #cine #neoxian #oneup
    Like
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  • ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23z7UyAa43YeQLWMWWkcFmXmz6G9kw7hZoxDmeL5SshWp2CWsM48ZFeo4L7w9T3QD9MoP.png)
    [Photo Credit](https://www.pexels.com/photo/person-raising-hands-mid-air-sidewards-while-standing-on-gray-steel-railings-680257/)
    Happy 125th Independence Day!
    This blogging contest for June initiated by @hiveph reminds me of my years of stay in South Korea, from 2012 to 2016. During my four years of stay there, I remember a day when I participated in a lecture in Seoul sponsored by the Friedrich Naumann Foundation. That was on 26 May 2014.
    The topic in that lecture was Freedom Barometer in Asia. The speaker emphasized that political freedom, the rule of law, and economic freedom are the three aspects of freedom that are discussed in contemporary discourse. I learned then that there are ten variables utilized to assess the freedom status of countries in Asia. At that time, the Philippines ranked eighth out of seventeen countries.
    Preparing this piece, I visited the site where I got that information before, but the links are all dead. I am curious to know the current freedom status of the country after nine years. This is an inescapable reality in the cyber world. What you think about content that will stay on the web will soon disappear without you knowing it. And this is what I like about blockchain technology. Whatever you put on the chain will be there no matter what. Such a stable feature of this cutting-edge technology is somehow comforting, but at the same should make us extra cautious in creating content. You cannot remove it; it will stay there even after decades that you’re no longer here on this side of life.
    Among the ten variables, access to sound money is a key component of economic freedom. This caught my attention. I was a gold bug then. I saw that sound money as defined by Jorg Guido Hulsman and Thorstein Polleit of the Mises Institute is a vital aspect of economic freedom.
    However, my view changed after encountering blockchain and cryptocurrency in August of 2021. For so long, since the 2008 crash of the housing market, I have been looking for an alternative monetary system, and I thought that the return to The Gold Standard is the only way.
    Just two months ago, that was 09 April this year, Milan Stanojevic published his opinion on bitcoinmagazine.com about the possibility that the move of the BRICS nations to return to The Gold Standard can usher into the hyperbitcoinization of the world. I am not sure if you agree with his opinion or not, but that’s how he sees the current trend in geopolitics and macroeconomics.
    Returning to my independence topic, I think it is not inappropriate for us Filipinos to be reminded by none other than our national hero himself saying that economic freedom is essential for complete independence. In other words, political and cultural freedom are not enough. They could be illusory and can give us a shadow of independence.
    In commemorating the 125th Independence Day of the Philippines, I hope and pray that an increasing number of the younger generation in the country will come to realize the correlation between freedom and an alternative monetary system. If returning to the Gold Standard is not the way to achieve it, then how about the option provided by blockchain and cryptocurrency? We have been learning here on Hive that the platform can provide what we badly need that can give substance to our understanding of economic freedom.
    Responding to the question about the importance of independence, yes, I do believe that independence is very important. However, in the digital world where the reality of globalization is at anyone’s fingertip, I think we are not far from the truth if we will begin to embrace this idea of a digital nation. And the number one threat to this new kind of freedom and independence is no longer a powerful nation, but those who posture themselves that they know better than us what we are supposed to do not only in our social media interaction but also in our financial transactions. This to me is the new battlefield in our time.
    Grace and peace!
    What is Hive?
    What is LeoFinance?
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23z7UyAa43YeQLWMWWkcFmXmz6G9kw7hZoxDmeL5SshWp2CWsM48ZFeo4L7w9T3QD9MoP.png)
    [Photo Credit](https://www.pexels.com/photo/person-raising-hands-mid-air-sidewards-while-standing-on-gray-steel-railings-680257/)
    Happy 125th Independence Day!
    This blogging contest for June initiated by @hiveph reminds me of my years of stay in South Korea, from 2012 to 2016. During my four years of stay there, I remember a day when I participated in a lecture in Seoul sponsored by the Friedrich Naumann Foundation. That was on 26 May 2014.
    The topic in that lecture was Freedom Barometer in Asia. The speaker emphasized that political freedom, the rule of law, and economic freedom are the three aspects of freedom that are discussed in contemporary discourse. I learned then that there are ten variables utilized to assess the freedom status of countries in Asia. At that time, the Philippines ranked eighth out of seventeen countries.
    Preparing this piece, I visited the site where I got that information before, but the links are all dead. I am curious to know the current freedom status of the country after nine years. This is an inescapable reality in the cyber world. What you think about content that will stay on the web will soon disappear without you knowing it. And this is what I like about blockchain technology. Whatever you put on the chain will be there no matter what. Such a stable feature of this cutting-edge technology is somehow comforting, but at the same should make us extra cautious in creating content. You cannot remove it; it will stay there even after decades that you’re no longer here on this side of life.
    Among the ten variables, access to sound money is a key component of economic freedom. This caught my attention. I was a gold bug then. I saw that sound money as defined by Jorg Guido Hulsman and Thorstein Polleit of the Mises Institute is a vital aspect of economic freedom.
    However, my view changed after encountering blockchain and cryptocurrency in August of 2021. For so long, since the 2008 crash of the housing market, I have been looking for an alternative monetary system, and I thought that the return to The Gold Standard is the only way.
    Just two months ago, that was 09 April this year, Milan Stanojevic published his opinion on bitcoinmagazine.com about the possibility that the move of the BRICS nations to return to The Gold Standard can usher into the hyperbitcoinization of the world. I am not sure if you agree with his opinion or not, but that’s how he sees the current trend in geopolitics and macroeconomics.
    Returning to my independence topic, I think it is not inappropriate for us Filipinos to be reminded by none other than our national hero himself saying that economic freedom is essential for complete independence. In other words, political and cultural freedom are not enough. They could be illusory and can give us a shadow of independence.
    In commemorating the 125th Independence Day of the Philippines, I hope and pray that an increasing number of the younger generation in the country will come to realize the correlation between freedom and an alternative monetary system. If returning to the Gold Standard is not the way to achieve it, then how about the option provided by blockchain and cryptocurrency? We have been learning here on Hive that the platform can provide what we badly need that can give substance to our understanding of economic freedom.
    Responding to the question about the importance of independence, yes, I do believe that independence is very important. However, in the digital world where the reality of globalization is at anyone’s fingertip, I think we are not far from the truth if we will begin to embrace this idea of a digital nation. And the number one threat to this new kind of freedom and independence is no longer a powerful nation, but those who posture themselves that they know better than us what we are supposed to do not only in our social media interaction but also in our financial transactions. This to me is the new battlefield in our time.
    Grace and peace!
    What is Hive?
    What is LeoFinance?
    Like
    2
    $12.04
    0 0 339
  • ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/243MG3i7PDRBEoouVkrJTNtoRio6Mqt1GhLjWutqgG5kHh8D1ZRYczH4QCRDk2tUEToqE.png)
    [Photo Credit](https://www.pexels.com/photo/stone-communist-monument-with-crowd-of-people-13430559/)
    I am writing this post as an entry to the LeoFinance Zealy campaign. I hope that this piece will be accepted in the Politics Writer Quest under CYOA Finance Bro.
    In this post, I just want to share with you a conversation on Quora that happened sometime in September 2020. I was asking a question regarding the nature of central banks and their relationship to socialism or capitalism. Unfortunately, the initial respondent didn’t like my post and bombarded me with the typical caricature charged against those who defend the free market economy.
    Among the five arguments he raised, I just want to limit myself to three of them. Here, we touch on relevant topics about sources of economic information, Fascism, and socialism.
    Your Mind is Polluted
    Yes, that is the first charge thrown at me. The guy postures to be an authority when it comes to socialism. He accused me of misinformation. That’s the lighter version. What he exactly said is that my mind is polluted because I get my information from Mises’ institute and he added that is my big problem.
    I responded to him by saying why getting my information from Mises Institute is my problem. Could I say the same thing to him that his problem is that he is listening to all socialist intellectuals except Mises? Would I be correct in saying that?
    No one can decide which of us is right in the absence of a set of standards. Perhaps a more realistic statement that he should say would be, "My problem with you is that you are getting your information from the Mises Institute." That is his issue, not mine since I don't consider acquiring information from the Mises Institute as being an issue for me.
    Ludwig von Mises is a Fascist
    And then he made a popular remark about Ludwig von Mises being a fascist, and even quoted a passage from Mises’ 1927 book to prove his point:

    It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

    To this follow-up response, I then replied that I am not sure if he believes in Moral Law. The rule of giving a false account of another person is one of the laws in Moral Law. If you notice someone doing it, correct them and refrain from aiding in the propagation of such accusations. Before repeating such a thing if you are unsure of it, you should do your research. Not unless you are certain that the false charge is true, in which case you have every right to repeat it.
    Unfortunately, there is no way for him to hear the other side of the issue because he has already decided that the material from the Mises Institute is harmful. He has no idea that the quote he used was misinterpreted and does not prove that Mises supported fascism. Nobody would ever guess that Mises was merely confirming the widely held belief that many people in his time saw Fascism as a savior. Recognizing a widely held opinion does not equate to having fascist sympathies. Furthermore, he would never guess that Mises opposed fascism in his heavier works like Human Action and Socialism: An Economic and Sociological Analysis.
    In the booklet Planned Chaos, Mises explained the reason for the popularity of the idea that Fascism is related to capitalism. This is the idea that the above respondent wants to parrot and spread without doing his homework first.
    Due to the unpopularity of Fascism, both capitalism and socialism disown her as their offspring. However, the prevailing idea is that Fascism is a product of capitalism. This is in agreement with Mises’ statement that such an accusation is a result of semantic innovation on the part of communist intellectuals. Together with Nazism, Fascism was described as "the highest and last and most depraved stage of capitalism" (Mises, Planned Chaos, 1951, p. 29).
    To understand the background of Fascism, one must look back to what happened in Italy in 1914 during the prominence of Benito Mussolini. Mises said that at that time, Mussolini who initially played a significant role in Italian socialism displayed strong adherence to Marxist principles.
    However, Mussolini encountered a problem. Italian intellectuals were nationalists. Though at first, he attacked this ideology, due to the pressure of Italian academics, Mussolini switched sides, which resulted in the creation of a Fascist party.
    Though Mussolini claimed that he protected Italy from the menace of communism, Mises disputes this assertion, asserting that Fascism was not the cause but the consequence of the communist failure.
    And so, if we will give Mises a fair hearing, we can see that the way he articulated the traits of Fascism showed that its origin is not in capitalism, but in socialism. He called it “vehemently anti-capitalistic” (p.31) though “it did not suppress the industrial and financial corporations” (p.32). What makes Fascism very dangerous is that it also affirms freedom of speech, the press, and public assembly, but all of these are just lip service. Moreover, even though Fascism was buried in history, Mises asserted that the forces behind it are still active and issued a grave warning to his readers about the likelihood of its resurgence under a different guise.
    Socialism is All About the Government Doing Stuff
    And for his third argument, he put words into my mouth about his understanding of socialism by saying:

    . . . socialism isn’t when the government does stuff okay? Until you get that, no one can reason with you.

    He then added a series of memes and concluded with a 21-second YouTube video from Richard Wolff repeating the same meme.
    How did I respond to this guy?
    The gist of his argument is that anyone who thinks that socialism is all about the government doing more stuff is irrational and therefore no one can reason with him.
    I told him to try a better response than that. He appears to assume that his comical way of defining socialism is my understanding of the term. That to me is a huge assumption difficult to prove.
    Nevertheless, I still think that he is aware that diverse notions of socialism exist, and therefore defining the term isn’t just that easy.
    In my search for socialism’s definition, simply confining my reference to Wikipedia is already complicated. Two things are clear about socialism given in this online encyclopedia:

    That “Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy.”

    In this definition, we need to further clarify the meaning of “social ownership” and “cooperative management”. In continuing the definition given by Wikipedia, it appears that “social ownership” and “cooperative management” are closely connected. And under the umbrella of “social ownership”, “cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these” are included. This definition is not easy to grasp and if this is what we understand by socialism, no wonder, the question is difficult to answer.

    Wikipedia also identified that “varieties’ of socialism exist “and there is no single definition encapsulating all of them.” Then Wikipedia mentioned “markets” and “productive institutions” and I think this is the reason why some people believe that under socialism, a free market can exist. Moreover, I consider that the most important insight Wikipedia pointed out is about the “role of the state in constructing socialism.”

    Summarizing and paraphrasing what I wrote here and here:
    By examining four references, namely Planned Chaos, Omnipotent Government, A Theory of Socialism and Capitalism, and Socialism: An Economic and Sociological Analysis, it is possible to identify at least seven variations of socialism. These variations include communism, interventionism (also referred to as Nazism or national socialism), social democracy, social engineering, military socialism, Christian socialism, and guild socialism. Additionally, there are three pseudo-socialist systems: solidarism, profit-sharing, and syndicalism.
    While I identified seven types of socialism above, it is important to note that this categorization may not encompass the full breadth of socialist ideologies. Wikipedia, a comprehensive online encyclopedia, provides a broader framework. It distinguishes between two general categories of socialism: economic and political.
    From an economic standpoint, socialism can be classified into four forms: planned economy, self-managed economy, state-directed economy, and market socialism. These categories focus on different approaches to economic organization within a socialist system.
    From a political perspective, socialism can be further divided into five versions. Anarchism, which was removed from this discussion, is recognized separately due to its distinct roots. The remaining versions include libertarian socialism (synonymous with left anarchism), democratic socialism, religious socialism (such as Christian socialism, Islamic socialism, and Buddhist socialism), social democracy, and syndicalism.
    Therefore, considering both the economic and political perspectives, it is possible to identify nine or ten distinct versions of socialism within this framework.
    That's my recollection of such an unfortunate conversation on Quora that happened three years ago. Since then, I got tired of political topics. They are heading nowhere but hatred and hostility. Since the pandemic and after stumbling upon the potential offered by blockchain and cryptocurrency, I stopped engaging in those kinds of topics both on Facebook and Quora. Instead of wasting my time on such unhealthy discussions, I would rather focus my energy on something productive just like what we're doing here on Hive, LeoFinance, and other tribes.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/243MG3i7PDRBEoouVkrJTNtoRio6Mqt1GhLjWutqgG5kHh8D1ZRYczH4QCRDk2tUEToqE.png)
    [Photo Credit](https://www.pexels.com/photo/stone-communist-monument-with-crowd-of-people-13430559/)
    I am writing this post as an entry to the LeoFinance Zealy campaign. I hope that this piece will be accepted in the Politics Writer Quest under CYOA Finance Bro.
    In this post, I just want to share with you a conversation on Quora that happened sometime in September 2020. I was asking a question regarding the nature of central banks and their relationship to socialism or capitalism. Unfortunately, the initial respondent didn’t like my post and bombarded me with the typical caricature charged against those who defend the free market economy.
    Among the five arguments he raised, I just want to limit myself to three of them. Here, we touch on relevant topics about sources of economic information, Fascism, and socialism.
    Your Mind is Polluted
    Yes, that is the first charge thrown at me. The guy postures to be an authority when it comes to socialism. He accused me of misinformation. That’s the lighter version. What he exactly said is that my mind is polluted because I get my information from Mises’ institute and he added that is my big problem.
    I responded to him by saying why getting my information from Mises Institute is my problem. Could I say the same thing to him that his problem is that he is listening to all socialist intellectuals except Mises? Would I be correct in saying that?
    No one can decide which of us is right in the absence of a set of standards. Perhaps a more realistic statement that he should say would be, "My problem with you is that you are getting your information from the Mises Institute." That is his issue, not mine since I don't consider acquiring information from the Mises Institute as being an issue for me.
    Ludwig von Mises is a Fascist
    And then he made a popular remark about Ludwig von Mises being a fascist, and even quoted a passage from Mises’ 1927 book to prove his point:

    It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

    To this follow-up response, I then replied that I am not sure if he believes in Moral Law. The rule of giving a false account of another person is one of the laws in Moral Law. If you notice someone doing it, correct them and refrain from aiding in the propagation of such accusations. Before repeating such a thing if you are unsure of it, you should do your research. Not unless you are certain that the false charge is true, in which case you have every right to repeat it.
    Unfortunately, there is no way for him to hear the other side of the issue because he has already decided that the material from the Mises Institute is harmful. He has no idea that the quote he used was misinterpreted and does not prove that Mises supported fascism. Nobody would ever guess that Mises was merely confirming the widely held belief that many people in his time saw Fascism as a savior. Recognizing a widely held opinion does not equate to having fascist sympathies. Furthermore, he would never guess that Mises opposed fascism in his heavier works like Human Action and Socialism: An Economic and Sociological Analysis.
    In the booklet Planned Chaos, Mises explained the reason for the popularity of the idea that Fascism is related to capitalism. This is the idea that the above respondent wants to parrot and spread without doing his homework first.
    Due to the unpopularity of Fascism, both capitalism and socialism disown her as their offspring. However, the prevailing idea is that Fascism is a product of capitalism. This is in agreement with Mises’ statement that such an accusation is a result of semantic innovation on the part of communist intellectuals. Together with Nazism, Fascism was described as "the highest and last and most depraved stage of capitalism" (Mises, Planned Chaos, 1951, p. 29).
    To understand the background of Fascism, one must look back to what happened in Italy in 1914 during the prominence of Benito Mussolini. Mises said that at that time, Mussolini who initially played a significant role in Italian socialism displayed strong adherence to Marxist principles.
    However, Mussolini encountered a problem. Italian intellectuals were nationalists. Though at first, he attacked this ideology, due to the pressure of Italian academics, Mussolini switched sides, which resulted in the creation of a Fascist party.
    Though Mussolini claimed that he protected Italy from the menace of communism, Mises disputes this assertion, asserting that Fascism was not the cause but the consequence of the communist failure.
    And so, if we will give Mises a fair hearing, we can see that the way he articulated the traits of Fascism showed that its origin is not in capitalism, but in socialism. He called it “vehemently anti-capitalistic” (p.31) though “it did not suppress the industrial and financial corporations” (p.32). What makes Fascism very dangerous is that it also affirms freedom of speech, the press, and public assembly, but all of these are just lip service. Moreover, even though Fascism was buried in history, Mises asserted that the forces behind it are still active and issued a grave warning to his readers about the likelihood of its resurgence under a different guise.
    Socialism is All About the Government Doing Stuff
    And for his third argument, he put words into my mouth about his understanding of socialism by saying:

    . . . socialism isn’t when the government does stuff okay? Until you get that, no one can reason with you.

    He then added a series of memes and concluded with a 21-second YouTube video from Richard Wolff repeating the same meme.
    How did I respond to this guy?
    The gist of his argument is that anyone who thinks that socialism is all about the government doing more stuff is irrational and therefore no one can reason with him.
    I told him to try a better response than that. He appears to assume that his comical way of defining socialism is my understanding of the term. That to me is a huge assumption difficult to prove.
    Nevertheless, I still think that he is aware that diverse notions of socialism exist, and therefore defining the term isn’t just that easy.
    In my search for socialism’s definition, simply confining my reference to Wikipedia is already complicated. Two things are clear about socialism given in this online encyclopedia:

    That “Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy.”

    In this definition, we need to further clarify the meaning of “social ownership” and “cooperative management”. In continuing the definition given by Wikipedia, it appears that “social ownership” and “cooperative management” are closely connected. And under the umbrella of “social ownership”, “cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these” are included. This definition is not easy to grasp and if this is what we understand by socialism, no wonder, the question is difficult to answer.

    Wikipedia also identified that “varieties’ of socialism exist “and there is no single definition encapsulating all of them.” Then Wikipedia mentioned “markets” and “productive institutions” and I think this is the reason why some people believe that under socialism, a free market can exist. Moreover, I consider that the most important insight Wikipedia pointed out is about the “role of the state in constructing socialism.”

    Summarizing and paraphrasing what I wrote here and here:
    By examining four references, namely Planned Chaos, Omnipotent Government, A Theory of Socialism and Capitalism, and Socialism: An Economic and Sociological Analysis, it is possible to identify at least seven variations of socialism. These variations include communism, interventionism (also referred to as Nazism or national socialism), social democracy, social engineering, military socialism, Christian socialism, and guild socialism. Additionally, there are three pseudo-socialist systems: solidarism, profit-sharing, and syndicalism.
    While I identified seven types of socialism above, it is important to note that this categorization may not encompass the full breadth of socialist ideologies. Wikipedia, a comprehensive online encyclopedia, provides a broader framework. It distinguishes between two general categories of socialism: economic and political.
    From an economic standpoint, socialism can be classified into four forms: planned economy, self-managed economy, state-directed economy, and market socialism. These categories focus on different approaches to economic organization within a socialist system.
    From a political perspective, socialism can be further divided into five versions. Anarchism, which was removed from this discussion, is recognized separately due to its distinct roots. The remaining versions include libertarian socialism (synonymous with left anarchism), democratic socialism, religious socialism (such as Christian socialism, Islamic socialism, and Buddhist socialism), social democracy, and syndicalism.
    Therefore, considering both the economic and political perspectives, it is possible to identify nine or ten distinct versions of socialism within this framework.
    That's my recollection of such an unfortunate conversation on Quora that happened three years ago. Since then, I got tired of political topics. They are heading nowhere but hatred and hostility. Since the pandemic and after stumbling upon the potential offered by blockchain and cryptocurrency, I stopped engaging in those kinds of topics both on Facebook and Quora. Instead of wasting my time on such unhealthy discussions, I would rather focus my energy on something productive just like what we're doing here on Hive, LeoFinance, and other tribes.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    Like
    4
    $8.76
    0 0 750
  • https://www.naturalnews.com/2023-06-04-apple-savings-holding-customer-cash-hostage.html #apple #savings #finance #leo #somee #cent #neoxian
    https://www.naturalnews.com/2023-06-04-apple-savings-holding-customer-cash-hostage.html #apple #savings #finance #leo #somee #cent #neoxian
    WWW.NATURALNEWS.COM
    Apple's new savings bank refusing to let customers withdraw cash: "You're keeping our life savings hostage!"
    It has been one month since Apple launched its new savings account service with Goldman Sachs, and customers everywhere are reporting that they are having trouble accessing their cash. After attracting more than $1 billion worth of deposits in the first four days of launch, Apple has apparently r
    Like
    1
    $0.02
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  • ![pexels-pixabay-259027-Cash Flow.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23xyWzpARtQkUwhA8RLUg1JWrSiN1XNAbyGvFF7ZuWH2cGEvhVbWB93TcWa2iUzMGZQpg.jpg)
    [Photo Credit](https://www.pexels.com/photo/hard-cash-on-a-briefcase-259027/)
    In my previous essay, The Way to Financial Freedom Part 3, I indicated that understanding what is going on in the financial and technological worlds can help you better grasp our current predicament and how to escape it. The first article to discuss finance is the one you're reading right now.
    The Importance of Understanding Cash Flow
    Cash flow is the key phrase in the financial world. Blockchain is currently the most significant development in technology. If you have the prior preparation I described as a hypothetical situation in my first post on this series along with the willingness to take the risk, then understanding these two and how they work together to offer an alternative to our existing system can show you the path out of financial jail.
    Let us start with cash flow.
    The person who enlightened me about the importance of cash flow is the least that you will expect for he is not a theological educator. Instead, he is a Japanese American businessman who co-authored a book with the then-president of the United States, Donald Trump sometime in 2009. His name is Robert Kiyosaki. What I admire about this man is that though he is known as a financial educator, he acknowledges his limitation when it comes to technology.
    For Robert Kiyosaki, cash flow is the most important word in business. For us to understand cash flow, we need to make three necessary distinctions.
    First, the cash flow of an individual is different from the cash flow of a corporation.
    For any aspirant investor in a specific company or a trader in a specific stock, studying the cash flow statement of the company is very important. This is part of due diligence in the world of investment and stock trading for by doing this, you will determine the financial soundness of a company.
    Any aspiring investor or trader must study three important financial statements of the company he is planning to invest in or trade with. These are the Income Statement, Balance Sheet, and Cash Flow Statement. In the Cash Flow Statement, you will see the amount of cash generated by the company in operation, cash earned or spent on financing, and cash used in investing. Such corporate idea of cash flow is defined as:

    the total amount of money being transferred into and out of a business, especially as affecting liquidity.

    Second, what I mean by cash flow in this article is not the corporate kind, but personal cash flow, which includes understanding both Income Statement and Balance Sheet. (See Figure 1).
    Understanding the relationship between these two financial statements is the key to sound management of personal finance to achieve financial freedom. Interpreting cash flow from this perspective refers to the direction of money, the inflow, and outflow, or the pattern of earning and spending. From the point of view of personal finance, this kind of cash flow has three patterns depending on people’s socio-economic class.
    Figure 1 – Income Statement and Balance Sheet
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/EonqK6XzXmjG6W3oYLYXEpVE3xCZXc6njuo8Le9b7QCPHVtmgqKtbu7YAsX7ioVr9pu.png)
    Most poor do not see the importance of a Balance Sheet. Their cash flow is defined by their Income Statement, that is, they simply spend what they earn.
    Figure 2 – Cash Flow of the Poor
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wMuaVX46u8mKyZqp655ZNWefvYiB1dRYZY5Q2sxYBcd2neQUiWYBYDtHnVHRfz3Cqx6.png)
    Since the middle class is typically known as a social class, which income is gradually increasing due to success in small business or job promotion, they usually use their income by buying a lot, building a house, and purchasing furniture and other luxuries. Applying such cash flow to the mentioned financial statements would mean that they used their income buying liabilities and so their expenses increased together with their salary.
    Figure 3 – Cash Flow of the Middle Class
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wggyx7VkJgj8FZUQgDYeMJwYSakzQDHGxFAcVqEE41Rvavs3JwtXWo18vbnDdtTET5Z.png)
    In the case of financially educated rich, their cash flow is characterized by a focus on buying assets. As they continually use their income to add more assets to their Balance Sheet, their income grows. And when their income is big enough, that’s the time they use their money to spend for their liabilities.
    Figure 4 – Cash Flow of the Rich
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wMujeH6tQbU6LvxhyARPNFM3L2yAW3LGMbnSn4cq2qo1vTSK5SnHNH4ed5KczUJ7Hj3.png)
    The above paragraph that explains the three types of cash flow gives us also three definitions of cash flow, which are different from the corporate cash flow statement:


    the direction of money from income to expenses,


    the direction of money from income to liabilities to expenses, and


    the direction of money from income to assets to income to liabilities to expenses.


    The third way to understand cash flow is through the board game created by Robert Kiyosaki.
    For Robert Kiyosaki, understanding cash flow is very important and that is why he gave his board game this name. Making this board game is his way to teach financial education to prepare people for the world of business and investment. Doing this, he made financial education his business. In this board game, cash flow is defined as income minus expenses. So, all in all, we have at least three concepts of cash flow:


    corporate cash flow statements


    cash flows of three socio-economic classes, and


    cash flow as used in a board game


    In the introduction of Kiyosaki’s book, Rich Dad Poor Dad, he mentioned a story of the different reactions of people as they played the board game: the accountant, the businessman, the computer programmer, and the banker.
    The accountant finds Cash Flow a very interesting game making accounting and investing fun and exciting. While playing the game, she was disturbed with the fact about the ignorance of most adults about the basics of simple accounting and investing. She realized that ignorance of this subject was the primary reason why most people struggle financially.
    The businessman on the other hand said that he does not need the game for he could hire professionals such as accountants, bankers, and lawyers to do the work for him.
    And then we have the computer programmer. He was also not impressed for he believes that all he needs is software to teach him how to invest.
    And then finally, the banker. He was moved while playing the game. He realized that he studied all this stuff in school but he does not know how to apply his knowledge in the actual world of business and investment. With that realization, he saw the need for him to get out of the Rat Race.
    The rat race is a financial condition of a person where the cycle consists in working, receiving a salary, and spending. Such a cycle is repeated for years until the person reached the peak of his working years and in old age will rely on his relatives or friends for his hospital bills. This is how Robert Kiyosaki describes the rat race:

    If you look at the life of the average educated, hardworking person, there is a similar path. The child is born and goes to school. The proud parents are excited because the child excels, gets fair to good grades, and is accepted into a college. The child graduates maybe goes on to graduate school and then does exactly as programmed: looks for a safe, secure job or career. The child finds that job, maybe as a doctor or a lawyer. . . Generally, the child begins to make money, credit cards start. . . and the shopping begins . . .
    Having money to burn, the child goes to places where other young people just like they hang out, and they meet people, they date, and sometimes they get married. Life is wonderful now, because today, both men and women work. Two incomes are bliss. They feel successful, their future is bright, and they decide to buy a house, and a car…and have children…The happy couple decides that their careers are vitally important and begin to work harder, seeking promotions and raises. The raises come, and so does another child and the need for a bigger house. They work harder, become better employees, and even more dedicated. They go back to school to get more specialized skills so they can earn more money . . . Their incomes go up . . .They get their large paycheck and wonder where all the money went . . . The children reach 5 or 6 years of age, and the need to save for college increases as well as the need for their retirement.
    That happy couple, born 35 years ago, is now trapped in the Rat Race for the rest of their working days. They work for the owners of their companies, for the government paying taxes, and for the bank paying off a mortgage and credit cards.
    Then they advise their children to ‘study hard, get good grades, and find a safe job or career.’ They learn nothing about money . . . and work hard all their lives. The process repeats into another hard-working generation. This is the ‘Rat Race.’ (Source: Robert T. Kiyosaki, Rich Dad, Poor Dad).

    From the above description of the rate race, I see it as a kind of prison though different in degree compared to the kind of economic and financial jail based on the existing monetary system. Understanding both cash flow and the rat race, I hope that you will explore the path to achieve such a vision of financial freedom.
    In the next article, I will be giving an overview of my current understanding of blockchain technology.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    ![pexels-pixabay-259027-Cash Flow.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23xyWzpARtQkUwhA8RLUg1JWrSiN1XNAbyGvFF7ZuWH2cGEvhVbWB93TcWa2iUzMGZQpg.jpg)
    [Photo Credit](https://www.pexels.com/photo/hard-cash-on-a-briefcase-259027/)
    In my previous essay, The Way to Financial Freedom Part 3, I indicated that understanding what is going on in the financial and technological worlds can help you better grasp our current predicament and how to escape it. The first article to discuss finance is the one you're reading right now.
    The Importance of Understanding Cash Flow
    Cash flow is the key phrase in the financial world. Blockchain is currently the most significant development in technology. If you have the prior preparation I described as a hypothetical situation in my first post on this series along with the willingness to take the risk, then understanding these two and how they work together to offer an alternative to our existing system can show you the path out of financial jail.
    Let us start with cash flow.
    The person who enlightened me about the importance of cash flow is the least that you will expect for he is not a theological educator. Instead, he is a Japanese American businessman who co-authored a book with the then-president of the United States, Donald Trump sometime in 2009. His name is Robert Kiyosaki. What I admire about this man is that though he is known as a financial educator, he acknowledges his limitation when it comes to technology.
    For Robert Kiyosaki, cash flow is the most important word in business. For us to understand cash flow, we need to make three necessary distinctions.
    First, the cash flow of an individual is different from the cash flow of a corporation.
    For any aspirant investor in a specific company or a trader in a specific stock, studying the cash flow statement of the company is very important. This is part of due diligence in the world of investment and stock trading for by doing this, you will determine the financial soundness of a company.
    Any aspiring investor or trader must study three important financial statements of the company he is planning to invest in or trade with. These are the Income Statement, Balance Sheet, and Cash Flow Statement. In the Cash Flow Statement, you will see the amount of cash generated by the company in operation, cash earned or spent on financing, and cash used in investing. Such corporate idea of cash flow is defined as:

    the total amount of money being transferred into and out of a business, especially as affecting liquidity.

    Second, what I mean by cash flow in this article is not the corporate kind, but personal cash flow, which includes understanding both Income Statement and Balance Sheet. (See Figure 1).
    Understanding the relationship between these two financial statements is the key to sound management of personal finance to achieve financial freedom. Interpreting cash flow from this perspective refers to the direction of money, the inflow, and outflow, or the pattern of earning and spending. From the point of view of personal finance, this kind of cash flow has three patterns depending on people’s socio-economic class.
    Figure 1 – Income Statement and Balance Sheet
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/EonqK6XzXmjG6W3oYLYXEpVE3xCZXc6njuo8Le9b7QCPHVtmgqKtbu7YAsX7ioVr9pu.png)
    Most poor do not see the importance of a Balance Sheet. Their cash flow is defined by their Income Statement, that is, they simply spend what they earn.
    Figure 2 – Cash Flow of the Poor
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wMuaVX46u8mKyZqp655ZNWefvYiB1dRYZY5Q2sxYBcd2neQUiWYBYDtHnVHRfz3Cqx6.png)
    Since the middle class is typically known as a social class, which income is gradually increasing due to success in small business or job promotion, they usually use their income by buying a lot, building a house, and purchasing furniture and other luxuries. Applying such cash flow to the mentioned financial statements would mean that they used their income buying liabilities and so their expenses increased together with their salary.
    Figure 3 – Cash Flow of the Middle Class
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wggyx7VkJgj8FZUQgDYeMJwYSakzQDHGxFAcVqEE41Rvavs3JwtXWo18vbnDdtTET5Z.png)
    In the case of financially educated rich, their cash flow is characterized by a focus on buying assets. As they continually use their income to add more assets to their Balance Sheet, their income grows. And when their income is big enough, that’s the time they use their money to spend for their liabilities.
    Figure 4 – Cash Flow of the Rich
    ![image.png](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wMujeH6tQbU6LvxhyARPNFM3L2yAW3LGMbnSn4cq2qo1vTSK5SnHNH4ed5KczUJ7Hj3.png)
    The above paragraph that explains the three types of cash flow gives us also three definitions of cash flow, which are different from the corporate cash flow statement:


    the direction of money from income to expenses,


    the direction of money from income to liabilities to expenses, and


    the direction of money from income to assets to income to liabilities to expenses.


    The third way to understand cash flow is through the board game created by Robert Kiyosaki.
    For Robert Kiyosaki, understanding cash flow is very important and that is why he gave his board game this name. Making this board game is his way to teach financial education to prepare people for the world of business and investment. Doing this, he made financial education his business. In this board game, cash flow is defined as income minus expenses. So, all in all, we have at least three concepts of cash flow:


    corporate cash flow statements


    cash flows of three socio-economic classes, and


    cash flow as used in a board game


    In the introduction of Kiyosaki’s book, Rich Dad Poor Dad, he mentioned a story of the different reactions of people as they played the board game: the accountant, the businessman, the computer programmer, and the banker.
    The accountant finds Cash Flow a very interesting game making accounting and investing fun and exciting. While playing the game, she was disturbed with the fact about the ignorance of most adults about the basics of simple accounting and investing. She realized that ignorance of this subject was the primary reason why most people struggle financially.
    The businessman on the other hand said that he does not need the game for he could hire professionals such as accountants, bankers, and lawyers to do the work for him.
    And then we have the computer programmer. He was also not impressed for he believes that all he needs is software to teach him how to invest.
    And then finally, the banker. He was moved while playing the game. He realized that he studied all this stuff in school but he does not know how to apply his knowledge in the actual world of business and investment. With that realization, he saw the need for him to get out of the Rat Race.
    The rat race is a financial condition of a person where the cycle consists in working, receiving a salary, and spending. Such a cycle is repeated for years until the person reached the peak of his working years and in old age will rely on his relatives or friends for his hospital bills. This is how Robert Kiyosaki describes the rat race:

    If you look at the life of the average educated, hardworking person, there is a similar path. The child is born and goes to school. The proud parents are excited because the child excels, gets fair to good grades, and is accepted into a college. The child graduates maybe goes on to graduate school and then does exactly as programmed: looks for a safe, secure job or career. The child finds that job, maybe as a doctor or a lawyer. . . Generally, the child begins to make money, credit cards start. . . and the shopping begins . . .
    Having money to burn, the child goes to places where other young people just like they hang out, and they meet people, they date, and sometimes they get married. Life is wonderful now, because today, both men and women work. Two incomes are bliss. They feel successful, their future is bright, and they decide to buy a house, and a car…and have children…The happy couple decides that their careers are vitally important and begin to work harder, seeking promotions and raises. The raises come, and so does another child and the need for a bigger house. They work harder, become better employees, and even more dedicated. They go back to school to get more specialized skills so they can earn more money . . . Their incomes go up . . .They get their large paycheck and wonder where all the money went . . . The children reach 5 or 6 years of age, and the need to save for college increases as well as the need for their retirement.
    That happy couple, born 35 years ago, is now trapped in the Rat Race for the rest of their working days. They work for the owners of their companies, for the government paying taxes, and for the bank paying off a mortgage and credit cards.
    Then they advise their children to ‘study hard, get good grades, and find a safe job or career.’ They learn nothing about money . . . and work hard all their lives. The process repeats into another hard-working generation. This is the ‘Rat Race.’ (Source: Robert T. Kiyosaki, Rich Dad, Poor Dad).

    From the above description of the rate race, I see it as a kind of prison though different in degree compared to the kind of economic and financial jail based on the existing monetary system. Understanding both cash flow and the rat race, I hope that you will explore the path to achieve such a vision of financial freedom.
    In the next article, I will be giving an overview of my current understanding of blockchain technology.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    Like
    6
    $9.10
    0 0 674
  • Massive airdrop complete taks get tokens :
    https://accounts.metatime.com/register?refCode=EAXJL2ZB
    #airdrop #somee #free #leofinance
    Massive airdrop complete taks get tokens :
    https://accounts.metatime.com/register?refCode=EAXJL2ZB
    #airdrop #somee #free #leofinance
    ACCOUNTS.METATIME.COM
    MetatimeAccounts
    Metatime is coming to update the blockchain world. The Metatime network was designed from the ground up to be the fastest and most secure in the world.
    Like
    2
    0 0 151
  • Since the day I joined Hive, I've learned a lot of new stuff. That was in August 2021. I was startled to read taskmaster4450's article about the exponential age because I had never seen such a viewpoint before. It appears as though the author is from another planet.
    Then, from August 2021 to February 2022, I wandered around Hive without realizing the fantastic possibility that this emerging blockchain was offering. Things didn't start making sense until March 2022.
    Beginning that month, my learning process on Hive has increased significantly. You know learning and applying new ideas isn’t easy, especially for an aging man like me. They say it’s really difficult to teach an old dog new tricks.
    Nevertheless, I had several first-time experiences since that month. I think that’s the first and major transition that shaped the way how I grew in my understanding of Hive.
    Participating in LEO Power Up Day (LPUD), buying CUB, joining listnerds.com and @bradleyarrow’s curation trail, and writing about CENT are the new things I learned since that month. That was one year and three months ago.
    The LeoThreads widespread adoption effort launched on May 1 is at a different stage of development from the growth I mentioned above. The image that comes to mind is a price increase brought on by a significant trend.
    ![pexels-anna-nekrashevich-6802042-Price Spike.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/EqdA2yMujkK1KVPcJdt4Bu4X5UWZsMVvL1bQgbM7oFKpNTnwBj8FJN2f1J3Wyk7cBSV.jpg)
    [Photo Credit
    ](https://www.pexels.com/photo/photo-of-person-holding-smartphone-6802042/)
    My Hive activity has undergone a significant transformation after the release of LeoThreads on https://leofinance.io/ version 2 (Note: I am at a loss for words to characterize the current condition of LeoFinance). The first thing I now do every day is check the threads. Before, it wasn't like this. Naturally, there are drawbacks to this, such as a tendency to overlook important Hive events like HIVE Power Up Day and writing lengthy content.
    Before the launch of LeoThreads, I have been describing myself as a “treader” though I didn’t make an official announcement about it on social media. My definition of a treader is inspired by a combination of three ideas: walking cautiously, trading, and reading. For non-native English speakers, these two words: “treader” and “threader” might sound the same.
    The latter refers to microblogging and I love it because its content is not confined to a single category; it is open to all types of content. As such, threads make engagement spontaneous and online learning more easily digestible.
    Reasons Why I am Bullish on LEO
    Serving as an alternative to a centralized microblogging platform like Twitter is a good start but not enough.
    The 10,000 USD prize pool that will be distributed within five days from now somehow made the Leo community excited. However, such excitement is short-term if not matched with a long-term vision of the growth and sustainability of the Leo projects.
    Except for the above reasons I mentioned such as microblogging providing an avenue for instant conversation and digestible content, as a Web3 alternative, and the 10,000 USD incentive, the additional reasons why I am bullish on LEO are as follows:
    Last 05 May, I wrote what I believe to be the benefits of making threads. I mentioned there how I agreed with this idea that the bigger transactions on the chain work to the advantage of the Hive network, the Leo tribe, and our tokens.
    Another reason is related to ad revenue. If the income from advertising will be returned to the LEO token, in such a scenario, all LEO holders win.
    A third reason would be LeoThreads operating as a communication hub for all the tribes within the Hive network. As such, threads can be an avenue for your content to find a wider audience.
    Still, another reason is the potential for micro-earnings. We cannot underestimate the power of small things. All big changes in one way or another started with small steps.
    Closely connected to crypto earning, I think if the recent idea suggested by @taskmaster4450 about the collateralization of the LEO assets will be considered for implementation, we have a solid reason to be exceedingly excited about the future of our platform. Given the fact that the world is in bad need of quality collateral as TM repeatedly argues, I think the LeoFinance can enter that space to fill up such a demand.
    Above all, I enjoy the fun of threading in connecting to other Hivers, lions, and other tribes. To conclude this post, I agree with @meitanteikudo’s poetical description of threads:

    a joyful playground, a joyous meeting where everyone’s voice is heard, a friendly tour guide, a vibrant marketplace of perspectives, and even radiant stars that shine brightly in the LeoFinance galaxy.

    Grace and peace!
    What is LeoFinance?
    What is Hive?
    Since the day I joined Hive, I've learned a lot of new stuff. That was in August 2021. I was startled to read taskmaster4450's article about the exponential age because I had never seen such a viewpoint before. It appears as though the author is from another planet.
    Then, from August 2021 to February 2022, I wandered around Hive without realizing the fantastic possibility that this emerging blockchain was offering. Things didn't start making sense until March 2022.
    Beginning that month, my learning process on Hive has increased significantly. You know learning and applying new ideas isn’t easy, especially for an aging man like me. They say it’s really difficult to teach an old dog new tricks.
    Nevertheless, I had several first-time experiences since that month. I think that’s the first and major transition that shaped the way how I grew in my understanding of Hive.
    Participating in LEO Power Up Day (LPUD), buying CUB, joining listnerds.com and @bradleyarrow’s curation trail, and writing about CENT are the new things I learned since that month. That was one year and three months ago.
    The LeoThreads widespread adoption effort launched on May 1 is at a different stage of development from the growth I mentioned above. The image that comes to mind is a price increase brought on by a significant trend.
    ![pexels-anna-nekrashevich-6802042-Price Spike.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/EqdA2yMujkK1KVPcJdt4Bu4X5UWZsMVvL1bQgbM7oFKpNTnwBj8FJN2f1J3Wyk7cBSV.jpg)
    [Photo Credit
    ](https://www.pexels.com/photo/photo-of-person-holding-smartphone-6802042/)
    My Hive activity has undergone a significant transformation after the release of LeoThreads on https://leofinance.io/ version 2 (Note: I am at a loss for words to characterize the current condition of LeoFinance). The first thing I now do every day is check the threads. Before, it wasn't like this. Naturally, there are drawbacks to this, such as a tendency to overlook important Hive events like HIVE Power Up Day and writing lengthy content.
    Before the launch of LeoThreads, I have been describing myself as a “treader” though I didn’t make an official announcement about it on social media. My definition of a treader is inspired by a combination of three ideas: walking cautiously, trading, and reading. For non-native English speakers, these two words: “treader” and “threader” might sound the same.
    The latter refers to microblogging and I love it because its content is not confined to a single category; it is open to all types of content. As such, threads make engagement spontaneous and online learning more easily digestible.
    Reasons Why I am Bullish on LEO
    Serving as an alternative to a centralized microblogging platform like Twitter is a good start but not enough.
    The 10,000 USD prize pool that will be distributed within five days from now somehow made the Leo community excited. However, such excitement is short-term if not matched with a long-term vision of the growth and sustainability of the Leo projects.
    Except for the above reasons I mentioned such as microblogging providing an avenue for instant conversation and digestible content, as a Web3 alternative, and the 10,000 USD incentive, the additional reasons why I am bullish on LEO are as follows:
    Last 05 May, I wrote what I believe to be the benefits of making threads. I mentioned there how I agreed with this idea that the bigger transactions on the chain work to the advantage of the Hive network, the Leo tribe, and our tokens.
    Another reason is related to ad revenue. If the income from advertising will be returned to the LEO token, in such a scenario, all LEO holders win.
    A third reason would be LeoThreads operating as a communication hub for all the tribes within the Hive network. As such, threads can be an avenue for your content to find a wider audience.
    Still, another reason is the potential for micro-earnings. We cannot underestimate the power of small things. All big changes in one way or another started with small steps.
    Closely connected to crypto earning, I think if the recent idea suggested by @taskmaster4450 about the collateralization of the LEO assets will be considered for implementation, we have a solid reason to be exceedingly excited about the future of our platform. Given the fact that the world is in bad need of quality collateral as TM repeatedly argues, I think the LeoFinance can enter that space to fill up such a demand.
    Above all, I enjoy the fun of threading in connecting to other Hivers, lions, and other tribes. To conclude this post, I agree with @meitanteikudo’s poetical description of threads:

    a joyful playground, a joyous meeting where everyone’s voice is heard, a friendly tour guide, a vibrant marketplace of perspectives, and even radiant stars that shine brightly in the LeoFinance galaxy.

    Grace and peace!
    What is LeoFinance?
    What is Hive?
    Like
    3
    $8.35
    0 0 762


  • Greetings great bosses and welcome to my blog.

    Hope you know what day it is yeah?

    Yep, you correct... It's Sunday and do you know what we do on Sundays in this noble community?

    We do THE CREATIVE-SUNDAY my boss.. we bring out our creativity on Sundays. So here's a piece of mine.

    *You wanna see it?*

    *Relax with a loving drink cause' I'm about to take you through a ride of popping parties" so let's begin shall we?*

    *Let's do some Merlin*
    In the land of parties at a time of need, the destiny of a great party rest on the shoulders of a young author, his name: Nwothini

    Party poppers are really fun to use in parties as it makes the party more lively by bringing out the colors of the party.

    ![Bored Brown Dog GIF](https://media3.giphy.com/media/KwXltA63AO8mXuGz7G/200.gif)
    kaboom

    At times, due to tight budget and inadequate finance, some people cannot afford a party popper and as such, their parties will not beauty of a party popper.

    *Too sad*

    BUT

    What if I tell you that there's a solution? Will you take it? If yes,

    *LETS DIVE INNNNNNNN*

    There's really a solution to that and it's really am amazing one.. you could independently make your own party popper from the comfort of your home and make your party lively. I made one myself and I will show you the steps I took to make myself a beautiful party popper.

    ![](https://images.ecency.com/DQmdm78wPwWVNcdFd9WqCip2cePHsAEgL9eXNE9bogefd81/img_20230604_081530_325.jpg)
    To begin with, I got a tissue paper, then I removed the center.

    ![](https://images.ecency.com/DQmdmWtiueScNHTDtGa8togGV7RcoWUwtuSsiKWbsTCcQJY/img_20230604_082802_806.jpg)
    In the next step, I gathered everything I will use to make this party popper and they include:

    1. A pair of scissors

    2. The center of a tissue paper: I'll name this "hollow circle."

    3. A balloon

    4. Colored papers

    5. The nylon of biscuits

    6. A gumming tape

    That's all.. everything you need for your awesome party popper

    ![](https://images.ecency.com/DQmPHn27dFxTr1vQKmvpHHaAnPk5QQ4QYR5fzNzKz8sp8yF/img_20230604_083145_579.jpg)
    In the next step, I cut the balloon as shown in the image above, then

    ![](https://images.ecency.com/DQmTtaBGwQ93WwSAeB4arpZkRtZ73KegVBNYNMTo4QeiZh2/img_20230604_083305_428.jpg)
    I wrapped it on the "hollow circle"

    ![](https://images.ecency.com/DQmSyAyVm8EeY1ex7q4eXyJ4VaM9ku26cyi1uUiaL5BDoLP/img_20230604_083402_193.jpg)
    Next, I used a tape to hold the balloon and the hollow circle in place so that the balloon wouldn't pull out when popping.

    ![](https://images.ecency.com/DQmVQFQ5e5CQ9mBqTY9Eqjvu2TBedHXWYC2AoHsK7hibsPU/img_20230604_083706_416.jpg)
    Next, I covered the "hollow circle" with a green paper and I held it in place using a tape. The reason for the green paper is to cover the taped balloon.
    The paper was longer than the hollow circle, so I used my scissors to reduce it to a good length.
    ![](https://images.ecency.com/DQmcZ3EZfRrWKk6PbCPQTdadQDN6kjvjHLYUBUbfxH7CJwk/img_20230604_084023_679.jpg)

    ![](https://images.ecency.com/DQmUG9kdJKYXvyEkKMWpJc7uUKn3oRshio3FB2YYSc4DStc/img_20230604_083710_680.jpg)
    How I covered the bottom. NEXT

    ![](https://images.ecency.com/DQmcPaXqhanJzMnjTAcf3zP2G6SqDFemmPrtUmS4jTdrda7/img_20230604_084517_178.jpg)

    ![](https://images.ecency.com/DQmXtvNz5dF5UEDnfFq4S6GPmY7itHQVKCUVj8oHvUp8UPU/img_20230604_084434_735.jpg)

    Next, I decided to run the tape vertically on the paper that covered the hollow circle. I did this for beautification, to give it a stripe-like appearance, after which I sealed the top to avoid the paper from popping out.

    ![](https://images.ecency.com/DQmbW3Up6JyZZ2p9CZkn1U1gsPAN5WBXFvE3fX8q9CfVjUS/img_20230604_084551_204.jpg)
    Next. Looking into the popper, there was a hole in it, so I came to the rescue

    ![](https://images.ecency.com/DQmcMKETZiQ48bHkiSAWqBzqz6GZbNsMK42UuhUGAJLPgZi/img_20230604_084849_206.jpg)

    ![](https://images.ecency.com/DQmaowzoHYbYqYTvwGiPsMMSrdtszg9rszMRPiWCBxigdDB/img_20230604_084727_753.jpg)
    I used a tape to seal the bottom of the balloon so that anything I put inside the popper will not fall off..
    ![](https://images.ecency.com/DQmULvVAD7KBh2gJLS7yqbDDGHSXUidGpzGYkGYgUit5df3/img_20230604_084906_881.jpg)
    Hole closed

    *Hope you're learning something new?*

    *Let's continue*

    ![](https://images.ecency.com/DQmRM8mATQJ71baT7xg9k7pWL5FLJLqS8z4J3gGtMnR9Qzg/img_20230604_085632_419.jpg)
    Next, I used the scissors to
    to cut the biscuits nylon into smaller pieces. I cut it until it was enough as I needed.
    ![](https://images.ecency.com/DQmTcfmyT9RY4mGTpidBVL3aTrSyyEdxggzxzgsxkHgoZiR/img_20230604_090242_474.jpg)
    When I'm done, I set the popper ad the pieces of biscuit nylon for a cool photograph.

    ![](https://images.ecency.com/DQmeRAURqJ5G6Gr7dVKuQKhe9htByJ48MSTY4LhjdzGRcmd/img_20230604_090326_081.jpgllea)
    Next, I loaded the biscuit nylon into the popper and then........

    You know what was next

    ![](https://images.ecency.com/DQmTjoBoyZ3KbCnjQGUwDdngJ1EEk2ppWWmqqmxszjHufUF/img_20230604_090413_484.jpg)
    A fully loaded party popper
    I don't really know how to paste a video here on hive, so please check out how the Popping through the link below.
    https://m.youtube.com/shorts/XlnCQvRX1lo

    Thank you for reading right to the end .. I really appreciate.

    I hope to see you next time..


    Greetings great bosses and welcome to my blog.

    Hope you know what day it is yeah?

    Yep, you correct... It's Sunday and do you know what we do on Sundays in this noble community?

    We do THE CREATIVE-SUNDAY my boss.. we bring out our creativity on Sundays. So here's a piece of mine.

    *You wanna see it?*

    *Relax with a loving drink cause' I'm about to take you through a ride of popping parties" so let's begin shall we?*

    *Let's do some Merlin*
    In the land of parties at a time of need, the destiny of a great party rest on the shoulders of a young author, his name: Nwothini

    Party poppers are really fun to use in parties as it makes the party more lively by bringing out the colors of the party.

    ![Bored Brown Dog GIF](https://media3.giphy.com/media/KwXltA63AO8mXuGz7G/200.gif)
    kaboom

    At times, due to tight budget and inadequate finance, some people cannot afford a party popper and as such, their parties will not beauty of a party popper.

    *Too sad*

    BUT

    What if I tell you that there's a solution? Will you take it? If yes,

    *LETS DIVE INNNNNNNN*

    There's really a solution to that and it's really am amazing one.. you could independently make your own party popper from the comfort of your home and make your party lively. I made one myself and I will show you the steps I took to make myself a beautiful party popper.

    ![](https://images.ecency.com/DQmdm78wPwWVNcdFd9WqCip2cePHsAEgL9eXNE9bogefd81/img_20230604_081530_325.jpg)
    To begin with, I got a tissue paper, then I removed the center.

    ![](https://images.ecency.com/DQmdmWtiueScNHTDtGa8togGV7RcoWUwtuSsiKWbsTCcQJY/img_20230604_082802_806.jpg)
    In the next step, I gathered everything I will use to make this party popper and they include:

    1. A pair of scissors

    2. The center of a tissue paper: I'll name this "hollow circle."

    3. A balloon

    4. Colored papers

    5. The nylon of biscuits

    6. A gumming tape

    That's all.. everything you need for your awesome party popper

    ![](https://images.ecency.com/DQmPHn27dFxTr1vQKmvpHHaAnPk5QQ4QYR5fzNzKz8sp8yF/img_20230604_083145_579.jpg)
    In the next step, I cut the balloon as shown in the image above, then

    ![](https://images.ecency.com/DQmTtaBGwQ93WwSAeB4arpZkRtZ73KegVBNYNMTo4QeiZh2/img_20230604_083305_428.jpg)
    I wrapped it on the "hollow circle"

    ![](https://images.ecency.com/DQmSyAyVm8EeY1ex7q4eXyJ4VaM9ku26cyi1uUiaL5BDoLP/img_20230604_083402_193.jpg)
    Next, I used a tape to hold the balloon and the hollow circle in place so that the balloon wouldn't pull out when popping.

    ![](https://images.ecency.com/DQmVQFQ5e5CQ9mBqTY9Eqjvu2TBedHXWYC2AoHsK7hibsPU/img_20230604_083706_416.jpg)
    Next, I covered the "hollow circle" with a green paper and I held it in place using a tape. The reason for the green paper is to cover the taped balloon.
    The paper was longer than the hollow circle, so I used my scissors to reduce it to a good length.
    ![](https://images.ecency.com/DQmcZ3EZfRrWKk6PbCPQTdadQDN6kjvjHLYUBUbfxH7CJwk/img_20230604_084023_679.jpg)

    ![](https://images.ecency.com/DQmUG9kdJKYXvyEkKMWpJc7uUKn3oRshio3FB2YYSc4DStc/img_20230604_083710_680.jpg)
    How I covered the bottom. NEXT

    ![](https://images.ecency.com/DQmcPaXqhanJzMnjTAcf3zP2G6SqDFemmPrtUmS4jTdrda7/img_20230604_084517_178.jpg)

    ![](https://images.ecency.com/DQmXtvNz5dF5UEDnfFq4S6GPmY7itHQVKCUVj8oHvUp8UPU/img_20230604_084434_735.jpg)

    Next, I decided to run the tape vertically on the paper that covered the hollow circle. I did this for beautification, to give it a stripe-like appearance, after which I sealed the top to avoid the paper from popping out.

    ![](https://images.ecency.com/DQmbW3Up6JyZZ2p9CZkn1U1gsPAN5WBXFvE3fX8q9CfVjUS/img_20230604_084551_204.jpg)
    Next. Looking into the popper, there was a hole in it, so I came to the rescue

    ![](https://images.ecency.com/DQmcMKETZiQ48bHkiSAWqBzqz6GZbNsMK42UuhUGAJLPgZi/img_20230604_084849_206.jpg)

    ![](https://images.ecency.com/DQmaowzoHYbYqYTvwGiPsMMSrdtszg9rszMRPiWCBxigdDB/img_20230604_084727_753.jpg)
    I used a tape to seal the bottom of the balloon so that anything I put inside the popper will not fall off..
    ![](https://images.ecency.com/DQmULvVAD7KBh2gJLS7yqbDDGHSXUidGpzGYkGYgUit5df3/img_20230604_084906_881.jpg)
    Hole closed

    *Hope you're learning something new?*

    *Let's continue*

    ![](https://images.ecency.com/DQmRM8mATQJ71baT7xg9k7pWL5FLJLqS8z4J3gGtMnR9Qzg/img_20230604_085632_419.jpg)
    Next, I used the scissors to
    to cut the biscuits nylon into smaller pieces. I cut it until it was enough as I needed.
    ![](https://images.ecency.com/DQmTcfmyT9RY4mGTpidBVL3aTrSyyEdxggzxzgsxkHgoZiR/img_20230604_090242_474.jpg)
    When I'm done, I set the popper ad the pieces of biscuit nylon for a cool photograph.

    ![](https://images.ecency.com/DQmeRAURqJ5G6Gr7dVKuQKhe9htByJ48MSTY4LhjdzGRcmd/img_20230604_090326_081.jpgllea)
    Next, I loaded the biscuit nylon into the popper and then........

    You know what was next

    ![](https://images.ecency.com/DQmTjoBoyZ3KbCnjQGUwDdngJ1EEk2ppWWmqqmxszjHufUF/img_20230604_090413_484.jpg)
    A fully loaded party popper
    I don't really know how to paste a video here on hive, so please check out how the Popping through the link below.
    https://m.youtube.com/shorts/XlnCQvRX1lo

    Thank you for reading right to the end .. I really appreciate.

    I hope to see you next time..
    Like
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  • Raise a formal request for financial funding using this fully editable project funding request PowerPoint template. You can also use this PPT template to help an organization or individual ask for finances from investors. Download Now: https://bit.ly/3IWAVCi
    #ProjectFunding #powerpointtemplates #PowerPointPresentations #powerpointdesign #PowerPointslides #slides #ppt #projectmanagement #project
    Raise a formal request for financial funding using this fully editable project funding request PowerPoint template. You can also use this PPT template to help an organization or individual ask for finances from investors. Download Now: https://bit.ly/3IWAVCi
    #ProjectFunding #powerpointtemplates #PowerPointPresentations #powerpointdesign #PowerPointslides #slides #ppt #projectmanagement #project
    BIT.LY
    Project Funding Request PowerPoint Template | Financial PPT
    Features: Widescreen 16:9 Replace texts as per your need "Theme" based colors Replace icons and image as per the need
    Like
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  • We all work from Monday to Saturday and on Sunday we dedicate it to God by going to church to worship him. I am of roman catholic denomination and we usually have priests anchor the Holy mass.
    Today waking up to the beautiful weather, I woke up got ready for Sunday mass. Getting to church the priest preached about the Trinity which houses three God in one person. God the Son, God the father and God the Holy Spirit.
    Being in the presence of God really felt good and I was spirit-filled. I felt like not going home. I thank God for life and good health.


    #hivehustlers #waiv #someeofficial #meme #leofinance #photography #actifit #poliac #movetoearn #move2earn #sportstalk #hive-engine #neoxian #creativecoin #aliveandthriving #alive #actifit #lolz #macfit #pob #leo #gems #gaming #ocd
    We all work from Monday to Saturday and on Sunday we dedicate it to God by going to church to worship him. I am of roman catholic denomination and we usually have priests anchor the Holy mass.
    Today waking up to the beautiful weather, I woke up got ready for Sunday mass. Getting to church the priest preached about the Trinity which houses three God in one person. God the Son, God the father and God the Holy Spirit.
    Being in the presence of God really felt good and I was spirit-filled. I felt like not going home. I thank God for life and good health.


    #hivehustlers #waiv #someeofficial #meme #leofinance #photography #actifit #poliac #movetoearn #move2earn #sportstalk #hive-engine #neoxian #creativecoin #aliveandthriving #alive #actifit #lolz #macfit #pob #leo #gems #gaming #ocd
    Like
    1
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  • Source
    As I woke up this morning, what crept into my heart is the present shift of government that just happened in my lovely country Nigeria. The new regime began on 29th May, 2023 with a handing out proceedings which led to the emergence of the new government.
    Immediately the new president came on board, in his first speech the issue of fuel subsidy removal was included which really shook the books and crannies of the nation. The next day, the fuel price per litre increased to 530 naira which really distorted lots of things presently.
    In my dear nation, the price of fuel virtually determines the price of every other products in the market.
    Yesterday, I embarked on a journey to a new by local government Area hmmm the transport fare was increased almost by 100% I had to pay like that. How would one cope with this? In a country where the economic status remains the same with no increase in salary/welfare package how would one survive this sudden change? Is there hope for us again?
    I will like to share some practical ways that would help you stay relevant and empowered even amidst of the present predicament.

    Kindly diverse or diversify your income source instead of depending on one. I realised that one of the stable income source is hive blockchain. It's high time for people to delve into hive and explore all the possibilities that had been dormant there. Since my journey in hive, I have really improved my writing skills and passion towards other communities.
    Your hobby can also determine your choice of a community where you can be engaged with activities.
    Patience is another virtue that I would those of us from this country to implore. Let's give the new government time to settle down in order to start fixing the things they can.
    Since there's no reasonable increase in the income, one must try to shrink some things that might not be of urgent need. Scale of preference is cardinal in the present situation. What you can't afford just be calmed .
    Time management is also very important. Don't waste much time on unproductive events.

    FINALLY
    Don't compete with anyone because all fingers aren't equal neither are they same. Persevere, pay the price and keep striving towards improving your finances by securing more opportunities to better your life and family.
    thanks for visiting my blog.

    Source
    As I woke up this morning, what crept into my heart is the present shift of government that just happened in my lovely country Nigeria. The new regime began on 29th May, 2023 with a handing out proceedings which led to the emergence of the new government.
    Immediately the new president came on board, in his first speech the issue of fuel subsidy removal was included which really shook the books and crannies of the nation. The next day, the fuel price per litre increased to 530 naira which really distorted lots of things presently.
    In my dear nation, the price of fuel virtually determines the price of every other products in the market.
    Yesterday, I embarked on a journey to a new by local government Area hmmm the transport fare was increased almost by 100% I had to pay like that. How would one cope with this? In a country where the economic status remains the same with no increase in salary/welfare package how would one survive this sudden change? Is there hope for us again?
    I will like to share some practical ways that would help you stay relevant and empowered even amidst of the present predicament.

    Kindly diverse or diversify your income source instead of depending on one. I realised that one of the stable income source is hive blockchain. It's high time for people to delve into hive and explore all the possibilities that had been dormant there. Since my journey in hive, I have really improved my writing skills and passion towards other communities.
    Your hobby can also determine your choice of a community where you can be engaged with activities.
    Patience is another virtue that I would those of us from this country to implore. Let's give the new government time to settle down in order to start fixing the things they can.
    Since there's no reasonable increase in the income, one must try to shrink some things that might not be of urgent need. Scale of preference is cardinal in the present situation. What you can't afford just be calmed .
    Time management is also very important. Don't waste much time on unproductive events.

    FINALLY
    Don't compete with anyone because all fingers aren't equal neither are they same. Persevere, pay the price and keep striving towards improving your finances by securing more opportunities to better your life and family.
    thanks for visiting my blog.
    Like
    0
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  • Okaaaay. That PinkSale project actually looks pretty cool. Huge community already https://www.pinksale.finance/launchpad/0xaeeb6dfff2a9766673b75bae0f32d98f70930332?chain=BSC&refId=0x39706768d3d62D57EAcc4DeBD4dCF05755837730
    Okaaaay. That PinkSale project actually looks pretty cool. Huge community already https://www.pinksale.finance/launchpad/0xaeeb6dfff2a9766673b75bae0f32d98f70930332?chain=BSC&refId=0x39706768d3d62D57EAcc4DeBD4dCF05755837730
    WWW.PINKSALE.FINANCE
    PinkSale - The Launchpad Protocol for Everyone!
    PinkSale helps everyone to create their own tokens and token sales in few seconds. Tokens created on PinkSale will be verified and published on explorer websites.
    Like
    13
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  • ![pexels-brokenadmiral-16012186-tyranny and oppression.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23ynQgZc7LuDeZbLkc28jY75PPVWsmy3MZuGXGYARnsoqVqTdCoLfvYZAKpFiDHiVZ1kU.jpg)
    [Photo Credit](https://www.pexels.com/photo/photography-travel-church-monument-16012186/)
    Waking up this Saturday morning, I didn’t expect that my Bible story about financial freedom will be upvoted by the curators on Hive, LeoFinance, and other front ends, and particularly @leo.voter. Consequently, I got motivated to continue this morning with the third part of this series on The Way to Financial Freedom. I also intend to submit this present article to the Zealy campaign to complete The Writer Quest under Weekly Side Quests.
    Before I proceed, let me just share with you the first two articles I published in this series to provide a sense of continuity. I consider this important to consider the specific context I have in mind to avoid possible misconceptions:


    The Way to Financial Freedom Part 1


    The Way to Financial Freedom Part 2


    After providing the links above to my previous article, I now feel at ease to resume the second part of our content in this story taken from the Old Testament. This time, I want to share an overview of three basic principles taken from Exodus Chapter 1 about the evil of tyranny and oppression.
    Three Basic Principles
    Political oppression is a result of ignorance, vs. 1 -8.
    To apply this insight to our time is unthinkable for our generation prides itself on living in The Information Age. But the kind of ignorance I am referring to based on our story is not the lack of technical or professional information, but the absence of historical knowledge. As the popular saying goes, “Ignorance of the past is bound to repeat its mistake.” And this is the kind of ignorance that we see here.
    For your information, there is a long time gap between the closing of the first book of the Bible, Genesis, and the opening of the second book, Exodus. During that interval, Joseph and all his brothers and all that generation died. And at the same time, Genesis concluded with a moderate size of Israel prospering in Egypt while Exodus starts with a nation-sized Israel suffering slavery in Egypt. And the primary cause of this slavery was ignorance of the past. Particularly, it was ignorance of Joseph and how his God saved Egypt and made its name great. Such ignorance resulted in a risky decision that would endanger the future of the nation. Pharaoh committed not only an erroneous economic decision by enslaving productive people but also placed Egypt in great danger by challenging the God of Israel.
    Notice here is the difference between the Pharaoh of Joseph's time and the Pharaoh of Moses' time. Both were kings, but their response to the God of Israel was different. In the case of the Pharaoh of Joseph's day, he acknowledged Joseph's access to accurate secret knowledge, and he honored him and his family, granting Joseph power and authority over Egypt. That Pharaoh bowed down to God's sovereignty and God's word. As a result, God blessed his kingdom.
    In contrast, the Pharaoh of Moses' time was ignorant of Joseph and his deeds and oppressed the Israelites with forced labor. Such a mistake was both an economic disaster and a direct challenge to the God of Israel.
    We see in this story that ignorance of the past is a very dangerous thing. Many people, particularly policymakers, ignore not only the lessons of the past but also the applicability of God's law in our time. As a result of this kind of ignorance, the world now is in a serious crisis. And instead of returning to God and his law and sound economic practice, civil governments continue to despise either knowing or unknowingly the law of God in their destructive monetary and public policies.
    Take for instance the zero-interest rate policy (ZIRP) and negative interest rate policy (NIRP). Such policies were not only punishing the savers but robbing the people of their savings. These policies discourage saving and promote borrowing. As King Solomon said, "The borrower is a slave to the lender" (Proverbs 22:7). And so, debt is a form of slavery and it is very popular in our time. Today, the entire global economy is operating based on debt. Nations, corporations, and families are immersed in debt. Debt is the modern version of ancient oppression and slavery.
    I think not until our generation will return to the serious study of God's law and apply it to our time, we cannot escape the present crisis. I also believe that the study and application of God's law must first start with Christian families and Christian churches. Through the witness of the Christian Church, society will be changed.
    Oppression is promoted through popular political speech, vs. 9-14.
    Pharaoh said, "Look, the Israelites have become much too numerous for us. Come, we must deal shrewdly with them or they will become even more numerous and, if war breaks out, will join our enemies, fight against us and leave the country." Something is wrong with this political speech. The King didn't like the Israelites, particularly their growing number. The King was afraid that the Jews might join their enemies and leave the country. And so, to prevent the dangers caused by population growth, war threat, and massive exodus, Pharaoh came up with a solution: slavery.
    This is wrong because the Israelites came to Egypt a generation ago as free people. Egypt has been blessed economically through the productivity of the Jews. By making them slaves, Pharaoh was depriving them of their basic human right, to live free. And not only that, Pharaoh expected the Jews to remain productive to contribute to the national economy under tyrannical rule. Pharaoh wanted economic growth despite his violation of God's law. Such public policy would certainly end in disaster.
    All the human capital of the Jews was focused to serve Pharaoh's end. It was such a great waste of human capital. Like Pharaoh, many socialists in the past such as Hitler, Mao Zedong, Lenin, and Stalin committed great mistakes by wasting both the lives and the resources of their people under tyrannical rule. Many central planners these days ignore the lessons of the past and they keep repeating the mistakes of the past. These modern versions of tyranny are wasteful and ultimately self-destructive.
    Again, as God's people, we must know what the law of God says about these things. Without such knowledge, we will unknowingly embrace ideas that are in reality disastrous not only to us and the society at large but also to the next generation. Only the law of God can give us the wisdom to discern whether a political speech is consistent with the teachings of the Bible or not.
    Oppression is justified through unjust laws, vs. 15 – 22.
    Pharaoh thought that by oppressing the Jews, their number would decrease. But the Bible said, "The more they were oppressed, the more they multiplied and spread; so, the Egyptians came to dread the Israelites." Realizing that his original plan failed, Pharaoh came up with another evil plan: to kill the Jewish boy infants. However, the midwives feared God and did not obey what the King told them. This is an example of civil disobedience against a tyrannical law. And so, Pharaoh made a wicked law: throw every boy that is born into the Nile. The law has been weaponized to kill infants. Yes, legislators no longer make laws with the outright intent of killing people, but they are done nevertheless in a more subtle way. A scrutiny of many laws in our time, and you will see how destructive they are to life, freedom, and property.
    Here, political leaders make laws to justify their tyranny and oppression. The order of Pharaoh was legal as far as Egyptian law is concerned. Without the law of God, there is no way we can say whether such a law is just or not. Nations' laws are under God's law. If political leaders are making laws against the law of God, we as Christians should follow what the Hebrew midwives did. In the New Testament, Peter said, "We must obey God rather than men!" Many politicians these days think that the law of God has nothing to say about public policy, and so they make laws and policies, which are contrary to God's law. Popular examples of these include abortion, same-sex marriage, and the current monetary system. In the eyes of God, these are murder, immorality, and theft. By making these kinds of laws, civil governments have made sins legal.
    And so, we see that Exodus chapter 1 teaches us that ignorance of the past results in oppression, popular political speech promotes oppression, and unjust laws justify oppression. This type of oppression did not stop in Moses' time. The spirit of the Pharaoh of Moses’ time still lives especially in a time of crisis where we live right now.
    When governments and politicians ignore the law of God and make humanistic laws and economic decisions, nations suffer from a new kind of slavery. Yes, by knowing the truth that is in Jesus, we are now set free from the power of sin, including legal plunder. And one of its most subtle forms is the existing monetary system of fiat currency. To explain the character and nature of fiat currency would require longer elaboration, which is impossible for us to achieve in this short article. What I intend to do is to offer you a way to understand our current situation for you to find a way out of financial slavery. And there is no better way to do that than to understand what is currently happening in the world of finance and technology. And that will be the topic for the next three articles.
    Grace and peace!
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    Waking up this Saturday morning, I didn’t expect that my Bible story about financial freedom will be upvoted by the curators on Hive, LeoFinance, and other front ends, and particularly @leo.voter. Consequently, I got motivated to continue this morning with the third part of this series on The Way to Financial Freedom. I also intend to submit this present article to the Zealy campaign to complete The Writer Quest under Weekly Side Quests.
    Before I proceed, let me just share with you the first two articles I published in this series to provide a sense of continuity. I consider this important to consider the specific context I have in mind to avoid possible misconceptions:


    The Way to Financial Freedom Part 1


    The Way to Financial Freedom Part 2


    After providing the links above to my previous article, I now feel at ease to resume the second part of our content in this story taken from the Old Testament. This time, I want to share an overview of three basic principles taken from Exodus Chapter 1 about the evil of tyranny and oppression.
    Three Basic Principles
    Political oppression is a result of ignorance, vs. 1 -8.
    To apply this insight to our time is unthinkable for our generation prides itself on living in The Information Age. But the kind of ignorance I am referring to based on our story is not the lack of technical or professional information, but the absence of historical knowledge. As the popular saying goes, “Ignorance of the past is bound to repeat its mistake.” And this is the kind of ignorance that we see here.
    For your information, there is a long time gap between the closing of the first book of the Bible, Genesis, and the opening of the second book, Exodus. During that interval, Joseph and all his brothers and all that generation died. And at the same time, Genesis concluded with a moderate size of Israel prospering in Egypt while Exodus starts with a nation-sized Israel suffering slavery in Egypt. And the primary cause of this slavery was ignorance of the past. Particularly, it was ignorance of Joseph and how his God saved Egypt and made its name great. Such ignorance resulted in a risky decision that would endanger the future of the nation. Pharaoh committed not only an erroneous economic decision by enslaving productive people but also placed Egypt in great danger by challenging the God of Israel.
    Notice here is the difference between the Pharaoh of Joseph's time and the Pharaoh of Moses' time. Both were kings, but their response to the God of Israel was different. In the case of the Pharaoh of Joseph's day, he acknowledged Joseph's access to accurate secret knowledge, and he honored him and his family, granting Joseph power and authority over Egypt. That Pharaoh bowed down to God's sovereignty and God's word. As a result, God blessed his kingdom.
    In contrast, the Pharaoh of Moses' time was ignorant of Joseph and his deeds and oppressed the Israelites with forced labor. Such a mistake was both an economic disaster and a direct challenge to the God of Israel.
    We see in this story that ignorance of the past is a very dangerous thing. Many people, particularly policymakers, ignore not only the lessons of the past but also the applicability of God's law in our time. As a result of this kind of ignorance, the world now is in a serious crisis. And instead of returning to God and his law and sound economic practice, civil governments continue to despise either knowing or unknowingly the law of God in their destructive monetary and public policies.
    Take for instance the zero-interest rate policy (ZIRP) and negative interest rate policy (NIRP). Such policies were not only punishing the savers but robbing the people of their savings. These policies discourage saving and promote borrowing. As King Solomon said, "The borrower is a slave to the lender" (Proverbs 22:7). And so, debt is a form of slavery and it is very popular in our time. Today, the entire global economy is operating based on debt. Nations, corporations, and families are immersed in debt. Debt is the modern version of ancient oppression and slavery.
    I think not until our generation will return to the serious study of God's law and apply it to our time, we cannot escape the present crisis. I also believe that the study and application of God's law must first start with Christian families and Christian churches. Through the witness of the Christian Church, society will be changed.
    Oppression is promoted through popular political speech, vs. 9-14.
    Pharaoh said, "Look, the Israelites have become much too numerous for us. Come, we must deal shrewdly with them or they will become even more numerous and, if war breaks out, will join our enemies, fight against us and leave the country." Something is wrong with this political speech. The King didn't like the Israelites, particularly their growing number. The King was afraid that the Jews might join their enemies and leave the country. And so, to prevent the dangers caused by population growth, war threat, and massive exodus, Pharaoh came up with a solution: slavery.
    This is wrong because the Israelites came to Egypt a generation ago as free people. Egypt has been blessed economically through the productivity of the Jews. By making them slaves, Pharaoh was depriving them of their basic human right, to live free. And not only that, Pharaoh expected the Jews to remain productive to contribute to the national economy under tyrannical rule. Pharaoh wanted economic growth despite his violation of God's law. Such public policy would certainly end in disaster.
    All the human capital of the Jews was focused to serve Pharaoh's end. It was such a great waste of human capital. Like Pharaoh, many socialists in the past such as Hitler, Mao Zedong, Lenin, and Stalin committed great mistakes by wasting both the lives and the resources of their people under tyrannical rule. Many central planners these days ignore the lessons of the past and they keep repeating the mistakes of the past. These modern versions of tyranny are wasteful and ultimately self-destructive.
    Again, as God's people, we must know what the law of God says about these things. Without such knowledge, we will unknowingly embrace ideas that are in reality disastrous not only to us and the society at large but also to the next generation. Only the law of God can give us the wisdom to discern whether a political speech is consistent with the teachings of the Bible or not.
    Oppression is justified through unjust laws, vs. 15 – 22.
    Pharaoh thought that by oppressing the Jews, their number would decrease. But the Bible said, "The more they were oppressed, the more they multiplied and spread; so, the Egyptians came to dread the Israelites." Realizing that his original plan failed, Pharaoh came up with another evil plan: to kill the Jewish boy infants. However, the midwives feared God and did not obey what the King told them. This is an example of civil disobedience against a tyrannical law. And so, Pharaoh made a wicked law: throw every boy that is born into the Nile. The law has been weaponized to kill infants. Yes, legislators no longer make laws with the outright intent of killing people, but they are done nevertheless in a more subtle way. A scrutiny of many laws in our time, and you will see how destructive they are to life, freedom, and property.
    Here, political leaders make laws to justify their tyranny and oppression. The order of Pharaoh was legal as far as Egyptian law is concerned. Without the law of God, there is no way we can say whether such a law is just or not. Nations' laws are under God's law. If political leaders are making laws against the law of God, we as Christians should follow what the Hebrew midwives did. In the New Testament, Peter said, "We must obey God rather than men!" Many politicians these days think that the law of God has nothing to say about public policy, and so they make laws and policies, which are contrary to God's law. Popular examples of these include abortion, same-sex marriage, and the current monetary system. In the eyes of God, these are murder, immorality, and theft. By making these kinds of laws, civil governments have made sins legal.
    And so, we see that Exodus chapter 1 teaches us that ignorance of the past results in oppression, popular political speech promotes oppression, and unjust laws justify oppression. This type of oppression did not stop in Moses' time. The spirit of the Pharaoh of Moses’ time still lives especially in a time of crisis where we live right now.
    When governments and politicians ignore the law of God and make humanistic laws and economic decisions, nations suffer from a new kind of slavery. Yes, by knowing the truth that is in Jesus, we are now set free from the power of sin, including legal plunder. And one of its most subtle forms is the existing monetary system of fiat currency. To explain the character and nature of fiat currency would require longer elaboration, which is impossible for us to achieve in this short article. What I intend to do is to offer you a way to understand our current situation for you to find a way out of financial slavery. And there is no better way to do that than to understand what is currently happening in the world of finance and technology. And that will be the topic for the next three articles.
    Grace and peace!
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    Today is Friday and my free day. After nine days, now I think I have the time to continue the second part of what I started about The Way to Financial Freedom, and as I mentioned in my first post, what I will do this time is share a story taken from the Bible that will somehow provide us with lessons to give us guidance on how to achieve this vision of financial freedom.
    In sharing this story, I would like to divide my content into two parts:


    A general background of the book where we get our story


    And the three basic principles about the evil of tyranny and oppression.


    In this article, I just want to share the first part and we will continue the second part in the next article. The second part by the way will be further subdivided into three sub-topics. However, for now, let me go straight to the general background of the book of Exodus, the second book in the Old Testament.
    General Background of Exodus
    At this point, I am going to start with a story taken from Exodus about the experience of the Israelites during the time of the man of God known in biblical history as Moses. After sharing this story, I would like to relate this to our current situation and to the kind of education that we need to achieve financial freedom that only a few have the privilege to achieve.
    In exploring the book of Exodus, we find relevant insights from its first chapter. Chapter 1 tells us the story of the threat to people’s personal and economic freedom by an abusive civil government. But before I share with you the details of this story, I would like first to provide a general background of the book.
    The transliteration of the Hebrew title for the book of Exodus is "w’ elleh semot," which means "And these are the names." That's how the Jews gave titles to Old Testament books. They used the first couple of words and that would be the title of the book.
    As for its theological message, it is all about the presence of God with Israel as Savior and King. This message is developed throughout the forty chapters of the book.
    We see the presence of God in Israel as Savior and King from 1:1-18:27 displayed in the historical act of exodus out of Egypt. There we see God as Divine Warrior.
    In 19:1-24:18, we see the presence of God in Israel as Savior and King by the giving of the Law. In that Law, the holiness of God as Israel’s Savior and King is highlighted.
    Exodus 25:1-40:30 shows us the institution of the Tabernacle. In modern times, it’s like a place where people go for public worship. This institution shows the abiding presence of God in Israel as their Savior and King.
    The book’s first section is all about God's act of setting His people free from the power of an abusive government, the government of Egypt. Many liberation theologians appeal to this theme to justify a socio-political and economic ideology that considers the free market social order as their enemy. This to me is a misuse of the book. Their model does not fit the story of Exodus. The kind of bondage that the Jews suffered was not the bondage under a free market social order, but under the tyranny of a civil government, the state of Egypt.
    The story of Exodus 1 is all about the themes of slavery and freedom. These themes are also related to tyranny and oppression.
    I think that's it for now for our general introduction of the book where we will be basing our story. In the next article, I am going to touch on three basic principles about the evil of tyranny and oppression.
    Grace and peace!
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    What is Hive?
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    [Photo Credit](https://www.pexels.com/photo/writing-typography-blur-bokeh-5124915/)
    Today is Friday and my free day. After nine days, now I think I have the time to continue the second part of what I started about The Way to Financial Freedom, and as I mentioned in my first post, what I will do this time is share a story taken from the Bible that will somehow provide us with lessons to give us guidance on how to achieve this vision of financial freedom.
    In sharing this story, I would like to divide my content into two parts:


    A general background of the book where we get our story


    And the three basic principles about the evil of tyranny and oppression.


    In this article, I just want to share the first part and we will continue the second part in the next article. The second part by the way will be further subdivided into three sub-topics. However, for now, let me go straight to the general background of the book of Exodus, the second book in the Old Testament.
    General Background of Exodus
    At this point, I am going to start with a story taken from Exodus about the experience of the Israelites during the time of the man of God known in biblical history as Moses. After sharing this story, I would like to relate this to our current situation and to the kind of education that we need to achieve financial freedom that only a few have the privilege to achieve.
    In exploring the book of Exodus, we find relevant insights from its first chapter. Chapter 1 tells us the story of the threat to people’s personal and economic freedom by an abusive civil government. But before I share with you the details of this story, I would like first to provide a general background of the book.
    The transliteration of the Hebrew title for the book of Exodus is "w’ elleh semot," which means "And these are the names." That's how the Jews gave titles to Old Testament books. They used the first couple of words and that would be the title of the book.
    As for its theological message, it is all about the presence of God with Israel as Savior and King. This message is developed throughout the forty chapters of the book.
    We see the presence of God in Israel as Savior and King from 1:1-18:27 displayed in the historical act of exodus out of Egypt. There we see God as Divine Warrior.
    In 19:1-24:18, we see the presence of God in Israel as Savior and King by the giving of the Law. In that Law, the holiness of God as Israel’s Savior and King is highlighted.
    Exodus 25:1-40:30 shows us the institution of the Tabernacle. In modern times, it’s like a place where people go for public worship. This institution shows the abiding presence of God in Israel as their Savior and King.
    The book’s first section is all about God's act of setting His people free from the power of an abusive government, the government of Egypt. Many liberation theologians appeal to this theme to justify a socio-political and economic ideology that considers the free market social order as their enemy. This to me is a misuse of the book. Their model does not fit the story of Exodus. The kind of bondage that the Jews suffered was not the bondage under a free market social order, but under the tyranny of a civil government, the state of Egypt.
    The story of Exodus 1 is all about the themes of slavery and freedom. These themes are also related to tyranny and oppression.
    I think that's it for now for our general introduction of the book where we will be basing our story. In the next article, I am going to touch on three basic principles about the evil of tyranny and oppression.
    Grace and peace!
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    What is Hive?
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