The Crypto Piggy Bank

Can just anyone make a Crytocurrency piggy bank? Answer: YES!

Greedy Piggybank - Compliments of Whisk AI

Crypto is confusing to many of us so let’s just call it a piggy bank that might gain value … or might be leaky and drain away what you put into it. Sometimes, losing money is secondary to the possible side benefits. (Side benefits? … call them subplots.)

While most of us expect our investments to make money, others are more interested in the subplots.

Backyard example: Let’s say a friend of yours owns one of these technology piggy banks and, while you’re grilling burgers in the back yard, your friend tells you about what a good deal his piggy bank is. He’s a good guy and you trust him, so, even though you know he will earn some commissions from your deposit, you decide to do it. Your friendship grows stronger, you make some money, and you get invited to more backyard BBQs. Subplot 101.

Now, kick it up a notch. You’ve been doing well and have more money to work with. You meet someone with a much bigger piggy bank and the owner knows you have a lot of money just sitting around that could be in his piggy bank. Over a prime rib dinner, he tells you that he has box seats at the World Series and he’s inviting a special group of piggy bank friends to attend with him. You love baseball and decide to deposit the minimum required to be part of this special group … plus (subplot) they’re all potential clients for your consulting services. Maybe someday you’ll have your own box seats.

Or, you might even want to trump the system. Your consulting company has run afoul of some petty regulations that a piggy bank friend just happens to have some influence with. It would save you a lot of time and money to find a way around those regulations, so when your friend invites all his piggy bank mega-accounts to an island trip on his mega yacht, you go all in, knowing you’ll have a chance to talk further about those pesky regulations when you’re onboard.

You have a great time, meet more potential clients, and he tells you not to worry about those pesky regulations. (Bigger subplots are available only to the wealthy wanting to get wealthier)

That’s life in a transactional world: I give you this … you give me that … we all get richer. If you invest in a piggy bank and your money just leaks away, you may be unhappy … unless you’re in it for the subplots, in which case, you may just think of it as money well spent … plus, you’ve got a lot of it now ‘cause you’re in the Billionaire’s Club.

These people are not talking about solving world hunger. (Photo: AI)

When a leader decides to create a Billionaire’s Club, he sometimes has to break a few eggs. But, eggs and Barbies are for the little people so who cares?

Want to make your own Cryptocurrency piggy bank?

Investopedia says: ANYONE can create a cryptocurrency, even just for fun.

But launching a cryptocurrency that is successful and gains value generally requires commitments of time, money, marketing, programming skills, and other resources. (Ed: “other resources” like power to fire regulators?)

Making a cryptocurrency is the easy part if you choose a service that does it for you. However, maintaining and growing it over time is usually much more challenging.

(Aside: it might help to have a position of prominence to aid in the marketing of such a piggy bank, especially if your piggy bank and subplots are big enough to buy yourself and others immunity from pesky regulations and laws.)

Autocracy 101: Keep your money-friends close and bewilder the masses.

NPR: These dictators are different. 'Autocracy, Inc.' explains how

“In her new book, the Atlantic’s Anne Applebaum takes a different, more sweeping view. We are not in Cold War 2.0, she argues, but a battle for the future world order against what she calls “Autocracy, Inc., The Dictators Who Want to Rule the World.”

“Autocracy, Inc., is not a club. There are no meetings like SPECTRE in a James Bond movie, where villains give progress reports on their kleptocratic gains and attacks on democracy. Instead, Applebaum writes, it is a very loosely knit mix of regimes, ranging from theocracies to monarchies, that operate more like companies.

What unites these dictators isn’t an ideology, but something simpler and more prosaic: a laser-focus on preserving their wealth, repressing their people and maintaining power at all costs.” (emphasis added)