I love crypto and definitely is the future, there’s no doubt there to anyone who understand blockchain technology, but I think there’s gonna be a massive collapse before mass adoption. Hedge funds and institutions manipulate it like crazy and pump it for collateral. Hope I’m wrong though!
there’s no doubt there to anyone who understand blockchain technology
I don't really have any doubt that there will be currencies tied to blockchain tech that are the future. They will not be currencies that aren't tied to real assets however. Once people see how our monetary system really works, what our concept of non-asset money really is, and where it comes from, any non-asset system will fail completely and never recover. They are based on faith. Once faith is gone (upon revelation of how they really work), they are based on nothing.
No one wants to save or store up nothing when they can save and store up something.
In other words, there will be blockchains tied to real assets (NFTs tied to stocks, or metals, e. g.) and there will be blockchains tied to unicorn farts (like Bitcoin et al). The unicorn farts will inevitably dissipate in the wind once people realize what real money means, and the real asset linked currencies will be snagged up to become the de facto intermediary of exchange for barter.
The flaw with thinking Btc et al "is the future" is in not appreciating that the same "blockchain tech" can be tied to real assets, which will automatically win if people are offered a choice between the two.
lol.
I love crypto and definitely is the future, there’s no doubt there to anyone who understand blockchain technology, but I think there’s gonna be a massive collapse before mass adoption. Hedge funds and institutions manipulate it like crazy and pump it for collateral. Hope I’m wrong though!
I don't really have any doubt that there will be currencies tied to blockchain tech that are the future. They will not be currencies that aren't tied to real assets however. Once people see how our monetary system really works, what our concept of non-asset money really is, and where it comes from, any non-asset system will fail completely and never recover. They are based on faith. Once faith is gone (upon revelation of how they really work), they are based on nothing.
No one wants to save or store up nothing when they can save and store up something.
In other words, there will be blockchains tied to real assets (NFTs tied to stocks, or metals, e. g.) and there will be blockchains tied to unicorn farts (like Bitcoin et al). The unicorn farts will inevitably dissipate in the wind once people realize what real money means, and the real asset linked currencies will be snagged up to become the de facto intermediary of exchange for barter.
The flaw with thinking Btc et al "is the future" is in not appreciating that the same "blockchain tech" can be tied to real assets, which will automatically win if people are offered a choice between the two.
Totally agree slyver, well put
https://youtu.be/-SaYH72QmNY?si=rXB4c7Z-yuZv3WKG.....everything is
This distasteful meme has been removed for the second time today.
UPDATED WED, DEC 6 20233:25 PM EST; "Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’ ": https://www.cnbc.com/2023/12/06/jamie-dimon-lashes-out-on-crypto-if-i-was-the-government-id-close-it-down.html
-Jamie Dimon
He should know since that's all the stuff he uses it for. And oh yeah, you left out the human trafficking you did with Jeffrey Epstein, Jamie.
Original 2006 COIN manual: https://archive.org/details/usarmymarinecorp0000unit_i9n6
Bet you anything, Jamie is transferring all his savings into crypto.