Ed-vise Episode 251

A come on Dodgers GOOD MORNING!!! to you all! Yup, Dodgers hanging in there to try and advance to the division championships! Come on Dodgers!!!

Talkin Thursday Ed-vise today. Cause it’s THURSDAY! Time for some talkin’.

Listened in on a talk last night by Professor Rohen Grey out of Willamette University College of Law.

The conversation was about digital currency and the future of money. Crypto stuff for those paying attention.

Last week I made the point that “anyone can create money.” And that holds true and is supported by an analogy from Prof. Grey. That analogy comes in the form of Chuck E. Cheese.

You all remember this place. The nightmarish 10 foot tall mouse singing and dancing with his buddies. Pizza everywhere; screaming kids; pissed off parents and haunting songs ringing out in the overhead speakers.

If you also remember, there were a ton of video games and little kiddie rides. Those rides and games all operate on tokens. Tokens stamped with the face of Chuck E. Cheese. You put that token in a game. You win the game you get a bunch of tickets. You accumulate enough tickets to fill up a yard waste plastic bag and you take that bag to the prize redemption table. Plop that bag in front of the uninterested kid behind the counter and say “what can I get for 50 million tickets!?”

With an uninterested look on their face, the kid will say “you can have the Sponge Bob Eraser; the Spider Man Pencil; or the Mood Ring.”

You said “those suck! What does it take for the skateboard?”

The prizes high up on the wall (which included the skateboard) usually took over 1 billion tickets. A life size dump truck of tickets.

All that aside, Chuck E. Cheese created money.

And, I think that there is an extremely close similarity between that and crypto currency.

Disney Dollars worked the same way. A dollar for dollar exchange that you could only spend at Disneyland and Disneyworld.

Crypto, you hand over your dollar for the coin. Currently, only certain vendors take the coin. However, the amount of money someone will pay for the coin goes up or down based on ideas around collectibles…I think. How much is a Van Gogh painting worth? Depends on what a person wants to pay for it.

Interesting…

I’m just saying

That’s it for today. Take care of yourselves. Check in on each other and remember you can make any salad into a Caesar Salad…by STABBING it! HAHAHAHAHAHAA (tear)

Peace

Published by edhlaw

Son, husband, father, uncle, nephew, cousin

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