"Millionaire Godfather" Robert Kiyosaki: Centralized institutions are not trustworthy Decentralized business is coming

I don't trust our leaders, the Fed, the Treasury, or the stock market. —Robert Kiyosaki

The 20th century is a critical moment for human business to reach its peak. In the 100 years from 1900 to 2000, human beings used wars to end global wars 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 markets, and capital, and this structure has continued to operate for 70 years. Regardless of whether the U.S. dollar system is fair and reasonable, and whether or not the U.S. is facing a crisis of U.S. dollar hegemony, the basic theory of global commerce will still not be completely free from the business logic dominated by Western thinking until 2021.

Throughout the second half of the 20th century, there were countless best-selling books on global business foundations and business theories, among which the "Rich Dad Poor Dad" series is considered to be 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 authors of business books in the second half of the 20th century. Believe in centralized institutions again, and have repeatedly stated that only decentralized Bitcoin has a "bright future".

Is the change of business thinking of the "Millionaire Godfather" "whimsical", or did he "discover something" in the research of business logic?

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 his family was well off. After finishing high school in Hawaii, Robert Kiyosaki went to college in New York, USA. After graduating from college, he joined the U.S. Marine Corps and participated in the U.S. war against Vietnam.
After retiring from the army, Robert Kiyosaki joined Xeros to learn sales skills. However, Robert Kiyosaki, who has a dull personality, obviously has not recovered from the state of post-war traumatic stress. He is not good at speaking, and he cannot adapt to the working state of sales, which makes him almost despair.
Later, with the encouragement of his teacher’s father, Robert Kiyosaki participated in phone fundraising activities for charities after work. Over time, his sales skills improved by leaps and bounds and he earned his first pot of gold in life.

In 1977, Robert Kiyosaki left Xerox and founded the company that produced the "Surfer" wallet, and devoted himself to the business full-time, starting his business career. With superb sales skills, Robert Kiyosaki started a business that quickly earned him millions of dollars. However, because the partner became lax after the success of the product, Kiyosaki decided to leave, and then joined again at the request of the partner to save the endangered company. Finally, due to the continuous sale of counterfeit products in China, Taiwan and other places, the nylon business was hit , the company could not escape the fate of bankruptcy.

Around 1985, Robert Kiyosaki, who had gone through several bankruptcies and became a millionaire again, believed that he had earned enough wealth to live on for the rest of his life and achieved "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" based on the concept of investment, teaching people how to adapt and understand the rules of the game of capital.

In 1999, Robert Kiyosaki's "Poor Dad, Rich Dad" series of books was released in the United States, and it took only half a year to achieve a million sales volume. After 2000, "Poor Dad, Rich Dad" was translated into dozens of versions , sold worldwide, in 2002, the series topped the bestseller list on Amazon.

So far, Robert Kiyosaki has officially become the "Godfather of Millionaires" in people's mouth. Many later business tycoons were inspired and influenced by his works in the early stage of business start-up.

In October 2012, a company under the name of Robert Kiyosaki filed for bankruptcy, and this bankruptcy made Robert Kiyosaki no longer 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 handle of capital, and the real capital power does not respect rules.

Although Robert Kiyosaki once revealed in an interview that the 2012 bankruptcy did not damage his "fundamental wealth", he still has assets of more than 80 million US dollars. However, it can be seen from Robert Kiyosaki's comprehensive switch to decentralized assets such as Bitcoin that his traditional business values have gradually disintegrated.

From the perspective of wealth accumulation, Robert Kiyosaki is undoubtedly successful, and he has become the richest group of people in the world. As for the exploration and thinking of business logic, he failed, because all his business logic and economic concepts can be proved "wrong" by centralized institutions.

Although we have no way of knowing exactly when Robert Kiyosaki started investing in Bitcoin, judging from the content of his Twitter, this "Millionaire Godfather" may have recognized the concept of decentralization earlier than most people . After Bitcoin price rose above $50,000, Robert Kiyosaki tweeted: "Bitcoin to $50,000. Good news for Bitcoin holders. Bad news for moms and pops. 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 also becoming wary of capital, and gold, which represents traditional commercial value investment, is also on the rise. In an extremely abnormal situation, Robert Kiyosaki believes: "Bitcoin has the greatest advantage. As the dollar depreciates, Bitcoin and silver are the best investments."

In June of this year, when the United States was reveling in the upsurge of issuing "bailout funds", Robert Kiyosaki had already seen that the Federal Reserve was already "fishing for money". The excessive issuance of U.S. dollars is causing U.S. dollar inflation and will appear in a more violent state in the future. Robert Kiyosaki has repeatedly stated that "compared with the U.S. dollar, the value of Bitcoin may be more stable", and has repeatedly suggested that people store Bitcoin, emphasizing the U.S. dollar The value of is collapsing.

In August, Buffett sold airline stocks and bank stocks. Regarding the behavior of this "stock god", Robert Kiyosaki unceremoniously tweeted that "Buffett broke his promise." Rumor has it that the real reason Buffett dumped so much stock was to store dollars into Bitcoin. This tweet by Robert Kiyosaki sparked widespread debate, if the "stubborn" who always said "gold doesn't produce anything, bitcoin is rat poison" changed their minds. So what else can't be changed?

According to the author's investigation, Buffett's Berkshire Hathaway sold its 26% stake in Wells Fargo and certain shares in JPMorgan Chase, and purchased nearly 21 million shares of Barrick Gold. Barrick Gold is about to enter the Bitcoin mining industry, and has already purchased a large number of digital currencies including Bitcoin.

We don't know where Robert Kiyosaki's enthusiasm for Bitcoin comes from, but his sensitivity as a traditional business logic and financial master just illustrates an indisputable fact that the logic of traditional centralized business is being decentralized. Say alternative. Robert Kiyosaki's distrust of the Federal Reserve, leaders, banks, and stocks is precisely the problem that the decentralized business logic needs to solve, namely: how to complete the business layout without trust.

It takes a long time for any kind of commercial behavior to emerge, be recognized, and develop. In the 17th century, the "tulip scam" in Western Europe was called an important moment in economics. The entire "tulip scam" has been regarded as a "negative teaching material" for investment for decades to come.

However, the "tulip scam" eventually became the foundation of the birth of the stock market. When the stock was just born, a large number of people thought that the stock was another "tulip scam". Worthless. And in the 20th century, when the new order under the economic development demand mentioned at the beginning of the article was established. The stock market boomed and quickly took on a pivotal role in the dollar-based economic model.

With stocks as the core, more than ten capital operation methods such as futures and funds have appeared in the past few decades, and formed the center of the global economy today-Wall Street.

When we look at the "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 blockchain being scorned as "digital garbage" when it appeared in the form of Bitcoin network, to distributed ledger structure being adopted by the legal digital currency (CBDC) researched by major central banks around the world, to El Salvador using Bitcoin as legal tender One, and then to the recent Bitcoin ETF listed in the United States.

From disorder and 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 business with "modern economic theory" as the core to decentralized business with "distributed structure" has become inevitable.

Human sociologist Kevin Kelly has profound insights into the trends of economic and social development in his book "Inevitable". Among them, he believes that "the most direct cause of 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 communities, 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 based on the limitations of communication technology. For example, in the ancient business model, due to the underdeveloped communication, people can complete business and earn profits in a relatively small area. Goods from Dongshan can be sold to Xishan to make a profit. But in modern times, with the development of people's communication technology, the information gap is getting smaller and smaller. If you want to obtain ancient commercial profits, you need to trade between countries.
(Please note that here we are only talking about the information category of business, 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, people and people, and goods and goods is reduced to a minimum, the business system established by the centralized organization will And the work collective built on this commercial system will fall apart, and people no longer need goods dispatchers (merchant), so there is no reason to need centralized business.

From a broader financial point of view, with the development of blockchain, a large number of production factors will be able to go online (chain) in the future, so that people can conduct direct point-to-point transactions on the network (chain), so that subsequent business steps will also be They can all go through the network (chain). When most of the process of point-to-point transactions can go through the network (chain), the centralized financial system based on asset monetization, capital flow, and capital operation will also lose its soil for survival.

Business execution on the chain, business rules are contracted and coded, profit 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.

epilogue

Although in our view now, the future of decentralized commerce and decentralized finance is still far away, and there is no need for our 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 seeing this, we understand why Robert Kiyosaki has changed from a traditional business success to a fanatical supporter of decentralized business. The real reason for his distrust of centralized institutions is his distrust of decentralized business The coming certainty.