The dollar is crashing and people aren't going to want to go into the new CBDC (central bank digital currency) system.
I believe many powerful people are building new financial systems in the hopes of being able to control the money supply.
I have done a lot of research this. I think the most likely scenario is that the dollar will crash to $0 over the next 2 years. Trump's name will be the most trustworthy brand in the world and he won't have a system he controls, instead he will offer a decentralized system where either nobody controls it, like Bitcoin, or every has power to affect it.
It also makes sense to back the currency with precious metals.
This has been on my mind a lot. I wanted to share it to see if this smart crowed finds my theory plausible or not.
If you disagree I would love to hear your theory about the future of the financial system!
Well, all I have to say is, whatever system they choose better be easy enough for grandma and grandpa to use, else they're going to disenfranchise an entire generation.
I don't see how it would be "built in Truth Social," nor do I think it should be. If it is connected to any particular business, it won't be "Power to the People." It must be truly decentralized.
The rest I think is likely, i.e. I think we will get a decentralized crypto that is backed by real assets.
Having it be "backed by silver" isn't the way either. When there is only one real asset that is the universal intermediary for barter, then real barter becomes effectively impossible, and the ability to horde that asset creates the ability to horde power. That is exactly what has happened numerous times in history.
If we have a crypto system that can be backed by any asset that it reasonably can be then it will be a much more robust system. Things that can be reasonably made into cryptos and exchanged on a market are things like art, land, real estate, all metals (or any asset that is not perishable), and all stocks. I'm sure there are others that I am not thinking of.
Already been done. www.kinesis.money
Digital gold and silver is usually a scam or a bad idea.
I think the future is the current homeostasis... (I own 1k+ DWAC so please shoot elsewhere...)
Ftx has entered the chat.
Backing a crypto with gold doesn't make any sense to me.
Crypto is digital currency. The Russian ruble is backed by gold. It makes perfect sense.
The point of backing a currency is to ensure scarcity. Crypto does that mathematically.
The best blockchain out there is Luna Classic, LUNC. The Deep State crashed it and is has been resurrected by we the people.
Not so sure about Gold — too much hidden hold out there to be reliable in my opinion.
how about anything but Federal Reserve Notes :)
I did after researching the Crypto Space. The Deep State crashed it and it now is being revived by we the people.