Maybe we will just end up with tons of various currencies. I think most people would prefer that.
What they might do is a hybrid crypto/fiat/metals system, where they all represent one master "coin" to simplify it for the plebs, and if one of those currency systems goes down, there are still two others alive to uphold the master "coin" and its value. Similar to Tether (USDT) but universal and without the scamming.
I prefer entheogens as the currency, but that is a system we're not prepared for.
That is just it. What happens when electricity is disrupted. How can you buy the resources you need.
Look at Burma. Look at Kashmir. No internet.
What happens the very first minute COVID is gone. Mass protest. It will be everywhere sooner.
Let us add some extreme weather like hurricane Katrina. Where is your money. Bitcoin is not a credit card.
Bitcoin is worthless. It is unreliable. It is an instore creditcard to a cloud. A prepaid top up voucher. Why doesn't everybody have it. We all use electricity. Give me bitcoin. No. Some other server farm exploits its demand. Which is nonexistent except for the gimmicks selling it as a means to invest. Invest into an offshore shop in cyberspace. Where you get robbed on the highly volatile exchange rates and transaction times, but you can give a finger to your national currency and buy some digital goods and services like black market porn or other moody goods you don't want a receipt for. Hell maybe you wanted a receipt for the digital lootboxes of the technocrat. Although it is not ground into reality. Because it is a gimmick.
Maybe one day you say. I should think not because it is no longer attractive. That means regulation and a taxman. Not a scam hacker selling you Nigerian porn.
The future is digital credits in a society which scans your brain. It is worth as much as the programming.
Good points there.
Maybe we will just end up with tons of various currencies. I think most people would prefer that.
What they might do is a hybrid crypto/fiat/metals system, where they all represent one master "coin" to simplify it for the plebs, and if one of those currency systems goes down, there are still two others alive to uphold the master "coin" and its value. Similar to Tether (USDT) but universal and without the scamming.
I prefer entheogens as the currency, but that is a system we're not prepared for.
That is just it. What happens when electricity is disrupted. How can you buy the resources you need.
Look at Burma. Look at Kashmir. No internet.
What happens the very first minute COVID is gone. Mass protest. It will be everywhere sooner.
Let us add some extreme weather like hurricane Katrina. Where is your money. Bitcoin is not a credit card.
Bitcoin is worthless. It is unreliable. It is an instore creditcard to a cloud. A prepaid top up voucher. Why doesn't everybody have it. We all use electricity. Give me bitcoin. No. Some other server farm exploits its demand. Which is nonexistent except for the gimmicks selling it as a means to invest. Invest into an offshore shop in cyberspace. Where you get robbed on the highly volatile exchange rates and transaction times, but you can give a finger to your national currency and buy some digital goods and services like black market porn or other moody goods you don't want a receipt for. Hell maybe you wanted a receipt for the digital lootboxes of the technocrat. Although it is not ground into reality. Because it is a gimmick.
Maybe one day you say. I should think not because it is no longer attractive. That means regulation and a taxman. Not a scam hacker selling you Nigerian porn.
The future is digital credits in a society which scans your brain. It is worth as much as the programming.