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Mikaboshi: A New Renaissance Begins
"What starts as a whisper grows."
(This article is written for the community by the community)
Reflecting on the past, it’s evident that history tends to repeat itself — so let’s connect the dots. If you recall, in 2008, it marked one of the greatest recessions in history. While we saw prominent banks go out of business, there were others deemed as too big to fail and received bail outs from the government. Unemployment rates were at its highest, people took out home loans they couldn’t afford and the number of suicides surged drastically. Many were left with nothing and struggled by an means necessary to provide not only for themselves but their loved ones too.
Well here we are again 14 years later and having lived through a pandemic and recession, we thought the worst was over — however, this is not the case. We are now confronted by another incoming tragedy, one we all must be prepared for.
Here’s the reality, global markets are extremely volatile right now and investments are being made in areas that have been considered to be historically unhealthy. This trend along with a rising dollar will cause the Fed to head into a new direction — quantitative tightening or “QT.” This involves the Federal Reserve reducing it’s balance sheet, which hit close to $9 trillion earlier this year due to its asset buying in order to boost the economy during the pandemic. If you recall, this substantial amount of liquidity caused a massive surge in the global markets i.e. stocks, bonds, housing, etc.
Another reality is the current increase of the US Dollar leading to destabilization in other areas or countries as a result of inflationary pressure. At some point, perhaps by the end of 2023, we will experience a recession which will cause many to look for a new financial ecosystem. This ecosystem will be one not governed by a central authority or country — however, one that is governed by the people.
Mikaboshi DAO’s Revolutionary Financial Ecosystem
Behold, Mikaboshi DAO. A financial ecosystem governed by the people with a focus on bringing as many people into its ecosystem as a way of protecting them from the traditional financial system which has caused so much misery. With backing from the original investor of both Shib & Leash, within a short amount, this shining gem has proven itself to be the new leader of themed financial ecosystems due to its creative super-deflationary economics; which will ultimately revolutionize the cryptocurrency space and bring forth a new renaissance that will mark its place in history.
With the possible incoming recession, its important for people to realize that change is coming. The possibility of incurred losses by those who haven’t been educated will be devastating, however “what starts as a whisper grows.” For those who do have knowledge, you will have made the best choice for yourself and family for generations to come. The choice is yours — failure is not an option.
While we know Mikaboshi will become a multi-billion dollar Decentralized Organization, it’s important to realize the necessity of education around DAO’s and the overall community as a whole. If anyone has questions related to the ecosystem or DeFi in general then stop by Mikaboshi’s Telegram (link below). It’s full of people who are more than willing to help you grow your bags and overall understanding of investing in cryptocurrency.
Viva la revolucion