EDIT: Thank you so much for your comments and questions everyone. There are so many people around me who don't get the magnitude of this situation. Seeing the number of you discussing this on here gives me spirit and strength! All it takes is for people to Question what is happening. Discuss it with your family and friends. Plan and act accordingly.
https://files.catbox.moe/le9u1j.mp4
WWG1WGA!
The Fed Is Getting Ready For The Next Crisis | Uneducated Economist
https://www.youtube.com/watch?v=deNbya8rpEg
https://files.catbox.moe/0urb6v.mp4
The Federal Reserve Will issue their CBDC with the introduction of FedNow expected to rollout the middle of 2023.
Technology, Innovation, and Financial Services By Governor Michelle W. Bowman
https://www.federalreserve.gov/newsevents/speech/bowman20220817a.htm
https://archive.ph/NrLay#selection-5023.444-5023.544
About the FedNowSM Service
You need to understand what CBDCs are and how they are different from crypto and decide which one you will allow.
CBDCs Vs. Cryptocurrencies: Side-by-Side Comparison!! | Coin Bureau
https://www.youtube.com/watch?v=Vb1Y760Sazc
https://files.catbox.moe/rryjup.mp4
This Is How They’ll Convince America to Adopt a CBDC | Heresy Financial
https://www.youtube.com/watch?v=EtNxyQMN76Y
https://files.catbox.moe/hxxmuj.mp4
Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!! | Coin Bureau
https://www.youtube.com/watch?v=To5ek8F7zIQ
https://files.catbox.moe/zwgmb0.mp4
It won't be. Hoskinson did a pretty damn good job swooning congress on the Crypto Regulation meeting earlier this year.
Watch the Crypto Regulation Congressional Hearing in 11 Minutes
https://www.youtube.com/watch?v=W4EncsKqHe4
Also Bitcoin doesn't add value to the economy, it just protects the value thats already there.
Cardano actually adds value to the Economy with smart contracts allowing new businesses to flourish as well as adding security as good as Bitcoin. Cardano uses the same UTXO model as Bitcoin but adds an extended version of transactions being able to take place over time (EUTXO model).
Cardano can also upgrade fairly fast and come to consensus with a fair Governance model using Project Catalyst. Bitcoin has one of the worst Governance models of all cryptocurrencies. It is not set up well for many bitcoin holders to participate nor is it very well set up for change.
Cardano uses functional programming for its ledger programming, Bitcoin uses an esoteric functional programming language as well in part of its codebase. However, Cardano uses the most widely known and used functional programming language Haskell while Bitcoin uses an esoteric functional programming language that hardly anybody uses, has almost no development, and has a huge wall of difficulty in improving Bitcoin in almost any sense of the word.
Now you'll say Bitcoin doesn't need to be improved and you're wrong. For the most obvious Bitcoin will need to update its encryption algorithm to be quantum resistant in the coming years. Good luck trying to get that proposal through and actually developed though!
Bitcoin will also be losing out on all the new wealth created through smart contract DeFi/dApps businesses that will revolutionize our world much like the internet did. They will be a place to store money but not to make money.
Bitcoins decade was the 2010s and they've improved very little since the beginning, this is part of the mystiique of Bitcoin. It will become a hindrance to them in the coming years, Bitcoins tech is heavily outdated and unable to improve in time.
Lex Fridman: The problem with Bitcoin
https://youtu.be/FKh8hjJNhWc&t=5507
What can't Bitcoin upgrade?
https://youtu.be/U43ewK1tyv0&t=468
Bitcoins biggest flaw
https://youtu.be/U43ewK1tyv0&t=3962