I don’t trust our leaders, the Fed, the Treasury, or the stock market.
The 20th century was a critical moment for human business to reach its peak. In the 100 years from 1900 to 2000, human beings used war to end the global war in the first 50 years, and perfected the foundation of the global economy in the next 50 years. The establishment and collapse of the Bretton Woods system easily tied the lifeblood of the global economy to the dollar. Global commerce is dominated by the US dollar, forming the basic structure of global finance, stock market, and capital, and this structure has continued to operate for 70 years. Regardless of whether the dollar system is fair and reasonable, or whether the United States is facing a crisis of dollar hegemony, the basic theory of global business will still not be able to completely get rid of the business logic dominated by Western thinking until 2021.
Throughout the second half of the 20th century, there were countless best-selling books on the fundamentals and theories of global business, of which the Rich Dad Poor Dad series is considered one of the best-selling books. The author of this series of books, Robert Kiyosaki, is also considered to be one of the most influential business book authors in the second half of the 20th century. However, the author who once elaborated on Western business theories for readers around the world has repeatedly mentioned in recent years that he Believe in centralized institutions again, and repeatedly said that only decentralized Bitcoin has a “bright future”.
Is this “millionaire godfather”‘s transformation of business thinking “whimsical”, or did he “discover something” in the study of business logic?
01 Robert Kiyosaki – a failed winner
Robert Kiyosaki was born in Hawaii in 1947. He is a fourth-generation Japanese-American. His father worked as a teacher in the Hawaii State Department of Education and came from a privileged family. After high school in Hawaii, Robert Kiyosaki went to New York to attend college. After graduating from college, he joined the U.S. Marine Corps and participated in the U.S. War in Vietnam.
After leaving the military, Robert Kiyosaki joined Xeros to learn sales skills. However, the dull character Robert Kiyosaki obviously did not recover from the state of post-war traumatic stress. He was not good at words, and could not adapt to the working state of sales, which made him almost despair. Later, with the encouragement of his teacher’s father, Robert Kiyosaki participated in the telephone fundraising activities of charity organizations in his spare time. Over time, his sales skills improved by leaps and bounds and earned the first pot of gold in his life.
In 1977, Robert Kiyosaki started his business career full-time after leaving Xerox and founding a company that produced “surfer” wallets. With great salesmanship, Robert Kiyosaki’s business quickly made millions. However, because his partner became slack after the success of the product, Kiyosaki decided to leave, and then joined again at the request of his partner to save the endangered company. Finally, due to the continuous sale of counterfeit products in China, Taiwan and other places, the Nicolon business was hit. , the company is also unable to escape the fate of bankruptcy.
Around 1985, Robert Kiyosaki, who had gone through several bankruptcy and became a millionaire again, thought he had made enough money for the rest of his life to achieve “wealth freedom”. So 37-year-old Robert Kiyosaki began to switch from the business field to the investment field, and invented a game called “Cash Flow” with the concept of investment, teaching people how to adapt and understand the rules of the capital game.
In 1999, Robert Kiyosaki’s book series “Rich Dad Poor Dad” was released in the United States, and it took only half a year to record millions of sales. After 2000, “Rich Dad Poor Dad” was translated into dozens of language versions. , sold worldwide, and in 2002, the series topped Amazon’s bestseller list.
At this point, Robert Kiyosaki has officially become the “Godfather of Millionaires”, and many later business tycoons have been inspired and influenced by his writings in the early days of business.
In October 2012, a company under the name of Robert Kiyosaki filed for bankruptcy, and this bankruptcy made Robert Kiyosaki no longer able to firmly believe that business logic and business knowledge are the only criteria for people’s “wealth freedom”. Under the centralized structure, the so-called business rules are actually just the hidden grasp of capital, and the real capital power is not rules.
Although Robert Kiyosaki has revealed in an interview that the 2012 bankruptcy did not damage his “fundamental wealth”, he still has more than $80 million in assets. However, it can be seen from Robert Kiyosaki’s comprehensive turn to Bitcoin and other decentralized assets after that, his traditional business values have been gradually disintegrating.
In terms of wealth accumulation, Robert Kiyosaki is undoubtedly successful, and he has become one of the richest people in the world. But for the exploration and thinking of business logic, he failed, because all his business logic and economic concepts can be proved to be “wrong” by centralized institutions.
02 Obsession with Decentralized Finance
Although we don’t know exactly when Robert Kiyosaki started investing in Bitcoin, judging from the content of his Twitter, the “millionaire godfather” may agree with the idea of decentralization earlier than most people. . After Bitcoin rose above $50,000, Robert Kiyosaki tweeted: “Bitcoin to $50,000. Good news for Bitcoin holders. Bad news for moms and pops. The main reason I invest in bitcoin, gold, and silver is because I don’t trust our leaders, the Fed, the Treasury, and the stock market. Unfortunately, money-saving moms and dads do.”
In his article on investment, Robert Kiyosaki believes that the current global business and finance are stagnant, emerging countries and mature economies are becoming more wary of capital, and gold, which represents traditional business value investment, is also growing. In a very abnormal situation, Robert Kiyosaki believes: “Bitcoin has the greatest advantage. With the devaluation of the dollar, Bitcoin and silver are the best investments.”
In June of this year, when the United States was revelling in the upsurge of issuing “relief funds”, Robert Kiyosaki had already seen that the Federal Reserve was already “fishing out”. Excessive issuance of US dollars is causing US dollar inflation and will appear in a more violent state in the future. Robert Kiyosaki has repeatedly stated that “the value of Bitcoin may be more stable than the US dollar”, and has repeatedly advised people to store Bitcoin, emphasizing the US dollar value is collapsing.
In August, Buffett sold airline stocks and bank stocks. Regarding the behavior of the “stock god”, Robert Kiyosaki unceremoniously tweeted that “Buffett broke his word.” Rumor has it that the real reason Buffett is selling a lot of stocks is to store dollars in bitcoin. This tweet by Robert Kiyosaki sparked a lot of buzz, if the “stubbornness” who always said “gold can’t produce anything and bitcoin is rat poison” has changed his mind. So what can’t be changed?
According to my investigation, Buffett’s Berkshire Hathaway sold its 26% stake in Wells Fargo and a certain stake in JPMorgan Chase, buying nearly 21 million shares of Barrick Gold. And Barrick Gold is about to enter the bitcoin mining industry, and has already purchased a large number of digital currencies, including bitcoin, before.
We don’t know where Robert Kiyosaki’s enthusiasm for Bitcoin came from, but his sensitivity as a traditional business logic and wealth management master just shows an indisputable fact that the logic of traditional centralized business is being decentralized business logic Say alternative. Robert Kiyosaki’s distrust of the Federal Reserve, leaders, banks, and stocks is precisely the problem that the logic of decentralized business needs to solve, that is: how to complete business layout without trust.
03 Centralized business to decentralized business
It takes a long process for any kind of commercial behavior to develop from the emergence to the recognition. In the 17th century, the “Tulip Conspiracy” in Western Europe was called an important moment in economics. The whole “tulip scam” was used as a “reverse teaching” for investing for decades.
However, the “tulip scam” eventually became the foundation of the birth of the stock market. When the stock market was just born, a large number of people thought that the stock was another “tulip scam”. worthless. In the 20th century, the new order under the need of economic development mentioned at the beginning of the article was established. The stock market boomed and quickly played a key role in the dollar-based economic model.
With stocks as the core, more than a dozen capital operation methods such as futures and funds have emerged in the past few decades, and formed the center of today’s global economy – Wall Street.
When we look at “blockchain” and its “decentralized structure” from the perspective of the development of “tulip scam” to “modern financial system”, we will find that the process from emergence to recognition to development is so similar. From when the blockchain appeared in the form of the Bitcoin network, it was scorned as “digital garbage”, to the distributed ledger structure being adopted by the legal digital currency (CBDC) studied by major central banks around the world, and then to El Salvador’s use of Bitcoin as legal tender One, then to the recent Bitcoin ETF listing in the US.
From disorderly chaos, to orderly governance, to vigorous application. Blockchain technology and its decentralized structure have found their place in business forms and most of people’s life-related industries. The transformation from centralized commerce with “modern economic theory” as the core to decentralized commerce with “distributed structure” has also become inevitable.
04 Decentralized business generation
Human sociologist Kevin Kelly has profound insights into the trends of economic and social development in his book Necessity. Among them, he believes that “the most direct reason for decentralization is the development of long-distance communication technology”. Twenty years ago, his book “Out of Control” had foreseen concepts such as the Internet of Things, cloud computing, virtual reality, online community, public wisdom, and iteration. This time, Kevin Kelly mentioned 12 inevitable trends in the next 20 years in his new book “Inevitable”.
If we look at it from Kevin Kelly’s point of view, human modern business is indeed built on the limitations of communication technology. For example, in the ancient business model, due to the underdeveloped communication, people can complete the business in a relatively small area and earn profits. Goods from Dongshan can be profitably sold to Xishan. In modern times, with the development of people’s communication technology, the information gap is getting smaller and smaller, and in order to obtain ancient commercial profits, it is necessary to conduct trade between countries.
(Please note that here we are only talking about the category of business information, not supply and demand.)
In the future, after 5G, 6G, Internet of Things, artificial intelligence and other technologies gradually mature, when the information gap between all industries, between people, and between goods and goods is reduced to a very small, the business system established by centralized institutions And the collective of work built on this business system will fall apart, people no longer need the dispatcher (merchant) of the goods, and there is no reason to need a centralized business.
From a broader financial perspective, with the development of blockchain, a large number of production factors will be able to access the Internet (chain) in the future, allowing people to conduct direct peer-to-peer transactions on the Internet (chain), making subsequent business steps also All can go through the network (chain). When most of the process of peer-to-peer transactions can be carried out on the network (chain), the centralized financial system based on the monetization of assets, the flow of funds, and the operation of capital will also lose the soil for its survival.
On-chain business execution, business rules are contracted and coded, benefit distribution is transparent, and business reputation is completely guaranteed by smart contracts. This is the basic form of a typical decentralized business in the future.
Although in our opinion, the future of decentralized commerce and decentralized finance is still far away, and there is no need for one’s own assets and information to be on the chain. But when business has become decentralized, our lives have begun to change quietly. A “decentralized society” is taking shape, and decentralized commerce is just one of the appearances. Perhaps after seeing this, we can understand why Robert Kiyosaki has changed from a successful traditional businessman to a fanatical supporter of decentralized business. The real reason for his distrust of centralized institutions is that he has no confidence in decentralized business. Coming sure.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/the-godfather-of-millionaires-robert-kiyosaki-decentralized-commerce-is-coming/
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