This entry is part 3 of 16 in the series The Psychology of Crypto Success

Here is the first lesson in our video series on “The Psychology of Crypto-Success”

This series of short, fun lessons will teach you how to have the right mindset to be able to trade successfully… More than that, though, many of the same lessons which make you a good crypto trader can be applied to many areas of your life.

See the Introduction for a complete table of contents, or watch the first lesson below.

We will be releasing all the videos over the next few days – so check back here on Trybe TV for more 🙂

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  1. TRUTH(@i-am)

    We live in a controlled economic system of Fractional Reserve money creation utilizing notes and bonds of personal and National debt (IOU’s) to create bank deposits and circulating Federal Reserve Notes. The beneficiary of this activity is primarily the Federal Reserve and the Bank of International Settlements.

    We all recognize that this system is a form of slavery using a Keynesian economic model and is in serious need of change. Along comes Bitcoin and people feel in their hearts that the change is near, but yet we fall into our old habits and instead of rethinking the situation, we do the same old things, uncreative “DigitalGold” or just a plain currency.

    “We can’t defeat the existing system; we must build a better one instead” – David McElroy

    “Build a New Model That Makes the Existing Model Obsolete” – Buckminster Fuller

    So we started using Cryptos like we already used fiat money in the existing inflationary/deflationary monetary system. We speculate and hope for gains and don’t institute new paradigms of lending or baking of the money and behavioral motivations towards common goals can be designed in instead of the current design that promotes only self interest. We have this wonderful seemingly full of limitless possibilities new tool and we go and use it like a hammer, like the least intelligent tool in the box. All one hears is “Lambo” and “To the Moon”.

    What we need is a whole new economic system where the creation of money goes to the creator of the real wealth (retain-able recyclable content and added value) and not to the bank or some central entity like government. A brand new way of monetary creation that is used to encouraged social benefit and prosperity via stimulating ease of entry into both business and markets for entrepreneurs and intelligent design of products to maximize recycle-ability and reuse-ability. An intelligently designed Economic System that includes all aspects of the economy from Natural Resource extraction and Commodities Exchanges to Design and Recycling, with OpenMarketPlaces to exchange goods freely and arbitration and governance systems for continued smooth operation (Real Estate and Housing and some other topics are not covered in this Executive Summary) with a money backed by physical recyclable content in the economy.

    TRMS – Transitional Resource Monetary System
    1. It is the intention of this economic system to provide a stable currency backed by recyclable materials both in storage and in products within the economy.
    2. to promote the usage of recyclable materials and modular technologies as well as reusable products.
    3. to lessen the burden of labor costs on producers.
    4. to lessen the costs for natural resource extractors.
    5. to lessen the costs for building a home.
    6. to create such abundance that the perceived cost of things becomes insignificant.
    7. the elimination of corporations and Admiralty Law on the Land

    Please read and learn more at the GitHub site above. And JOIN and help SPREAD the WORD !!!