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Reason: None provided.

Yeah next step might be international corporations coming together to start their own private bank. Economy tanks, so this private bank steps in to issue currency (let's call it "Cabal Coin"). May need to disincentivize existing crypto though, so their currency is the only practical solution (eg: businesses and government accept Cabal coins but no other crypto).

Then people may need to sell their assets to this consortium to obtain Cabal Coins to buy food (currency is too devalued a la Weimar Republic). Basically they get your assets and you get money they created out of thin air (same as Fiat, but at least you still have alternative assets).

Final outcome: We move closer to you own nothing and are happy.

308 days ago
1 score
Reason: None provided.

Yeah next step might be international corporations coming together to start their own private bank. Economy tanks, so this private bank steps in to issue currency (let's call it "Cabal Coin"). May need to disincentivize existing crypto though, so their currency is the only practical solution (eg: businesses and government accept Cabal coins but no other crypto).

Then people may need to sell their assets to this consortium to obtain Cabal Coins to buy food (currency is too devalued a la Weimar Republic). Basically they get your assets and you get money they created out of thin air (same as Fiat, but at least you still have alternative assets).

Final outcome: We move closer to you own nothing and are happy.

308 days ago
1 score
Reason: None provided.

Yeah next step might be international corporations coming together to start their own private bank. Economy tanks, so this private bank steps in to issue currency (let's call it "Cabal Coin"). May need to disincentivize existing crypto though, so their currency is the only practical solution (eg: businesses and government accept Cabal coins but no other crypto).

Then people may need to sell their assets to this consortium to obtain Cabal Coins to buy food (currency is too devalued a la Weimar Republic). Basically they get your assets and you get money they created out of thin air (same as Fiat, but at least you still have alternative assets). May slap a big tax or paperwork on purchasing real world assets, so keeping cash is the only convenient store of value (other than metaverse assets).

Final outcome: We move closer to you own nothing and are happy.

308 days ago
1 score
Reason: Original

Yeah next step might be international corporations coming together to start their own private bank. Economy tanks, so this private bank steps in to issue currency (let's call it "Cabal Coin"). May need to disincentivize existing crypto though, so their currency is the only practical solution (eg: businesses and government accept Cabal coins but no other crypto).

Then people may need to sell their assets to this consortium to obtain Cabal Coins to buy food (currency is too devalued a la Weimar Republic). Basically they get your assets and you get money they created out of thin air (same as Fiat, but at least you still have alternative assets).

308 days ago
1 score