Resonance Cascade The II on Nostr: Want to know how humans eventually fractionalize something over time? 25 years ago I ...
Want to know how humans eventually fractionalize something over time?
25 years ago I worked as a shift manager at a fast food company. We kept a safe float of 4,650. This remained that way for some time.
Then sometime later the safe float became 4,400. I left that job shortly after but that was the last figure I remember it being.
A couple of years after this I caught up with some people for drinks, Only to hear the safe float was now at 3,850. One of the OG's who was there from the beginning who had also left before me, piped up with surprise that the float amount should be 5,000. As that was what it was when he started.
Shortly after this, there was an audit by owners looking to sell the business. Each of the current managers were investigated about where was the missing money from the float. What they were able to ascertain is there wasn't any direct theft that they could be attributed to the current management. Rather it was a series of crisises over a number of years that necessitated borrowing from the safe float to prop up maybe a bank deposit here or there. I bet there was always the intention to pay that back at some point. Just that point never arrived
The point of this is, it was normalized from the beginning. I've only ever known the safe to be 4,650, then later 4,400. I never even thought it was ever 5,000
Over a long enough time horizon, without audits and checks in place, is what will happen to your #Bitcoin if left with a custodian.
We are also seeing over an even longer time horizon it now happening with gold, and to a worse extent some government departments that are about to be exposed. We will call it theft, they will call it how it's always been done...
25 years ago I worked as a shift manager at a fast food company. We kept a safe float of 4,650. This remained that way for some time.
Then sometime later the safe float became 4,400. I left that job shortly after but that was the last figure I remember it being.
A couple of years after this I caught up with some people for drinks, Only to hear the safe float was now at 3,850. One of the OG's who was there from the beginning who had also left before me, piped up with surprise that the float amount should be 5,000. As that was what it was when he started.
Shortly after this, there was an audit by owners looking to sell the business. Each of the current managers were investigated about where was the missing money from the float. What they were able to ascertain is there wasn't any direct theft that they could be attributed to the current management. Rather it was a series of crisises over a number of years that necessitated borrowing from the safe float to prop up maybe a bank deposit here or there. I bet there was always the intention to pay that back at some point. Just that point never arrived
The point of this is, it was normalized from the beginning. I've only ever known the safe to be 4,650, then later 4,400. I never even thought it was ever 5,000
Over a long enough time horizon, without audits and checks in place, is what will happen to your #Bitcoin if left with a custodian.
We are also seeing over an even longer time horizon it now happening with gold, and to a worse extent some government departments that are about to be exposed. We will call it theft, they will call it how it's always been done...