THIS!! The Left is so retarded they think “cancel culture” will work on a Country
(media.patriots.win)
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Putin plans to use gold backed crypto.
My god that is my wet dream. Gold backed crypto and cash. No banking as we know today. Everything decentralized.
If you all don't know what crypto is, how it works, and the projects being started on it. I highly encourage you to investigate deeper. Bitcoin is only one type of crytpo! The future is exciting to see what pops up.
The timeline we are on with blockchain technology is essentially where the internet was at in the mid 90's. Most projects will fail, just like the dot com crash. But the ones that survive will change society in ways we can't even imagine yet, because it's still so early.
Excellent reply with some quality questions!
Pure decentralization and mass adoption is what is needed to overcome bank slavery. Right now, it can be regulated because many people keep their money on centralized exchanges. The easiest way most people convert their crypto to fiat is sending to a centralized exchange like Coinbase, then sending to bank account. If it becomes mass adopted, people can keep their money in decentralized wallets and simply send peer to peer. Of course, this will take mass adoption to occur.
We have no idea. We had no idea how the internet would change society as we know it, but it came and changed. We have no idea how blockchain will evolve and change society.
I've asked myself this question many times. I feel stocks and the Foreign Exchange market will still be around. I don't see cash going away, I see it living side by side with blockchain currency. How it will change exactly, though.. nobody knows.
It's already starting. Just a few years ago, JP Morgan said crypto is a fad, it's a scam, it's going no where. They just bought digital property in the Metaverse and offer crypto in portfolios for high end clients. They realized they can't beat it, so they are joining it. They are already buying lots of crypto. They will try to become the whales in the crypto markets just like they are now in every other market. But DeFi (decentralized banking) will become more prevalent. You can make crazy percent APR storing coins. Even stable coins like USDT, USDC, and UST. Banks can't compete with that. Right now though, DeFi is too complicated for the average person and doesn't have the trust banks have (haha I know). But once it becomes more user friendly and obtains the trust of the public, banks will slowly fade.
Banks will lobby and bribe and try to enforce policy to regulate crypto out of existence, but it is impossible to regulate it away completely. But when we win this silent war and our policy makers begin acting in the best interest of its citizens, I see a Constitutional Amendment coming that will prevent banks from acting how they are now and eventually, they will pivot to what society demands (especially because DeFi will be their competitor... and able to do what they do better).
All I know is that this is still very early and it's one giant mystery how it will play out in the future!