This is the very beginning of institutional FOMO. After that comes nation state FOMO. The end game a few years from now will be a world full of CBDC's backed by a handful of the leading crypto's - similar to how CBPC's used to be backed by precious metals. The only transactions happening on Bitcoin then will be central bank / treasury sized, and they will all be visible for everyone to track.
I realize this sounds unlikely, but the game theory is sound. Because most crypto is deflationary, it plays right into the globalist agenda of discouraging spending growth and encouraging saving. Once there's a critical mass of corporate investment in crypto, central banks will race to buy up the rest, inflating the price astronomically. That will be the global monetary "great reset."
>The future will involve hash wars between nation states
Can't wait desu
Anthony Nguyen
I really think it will lead to a better world. Especially for people who were early enough to be able to afford "real crypto" rather than the central bank currencies, backed by crypto, that most are going to have to settle for - along with all of the social controls that will go along with that.
Gabriel Young
The reset will be when we have a large number of middle class already invested and the rich are forced to pump their bags to stay relevant. Then the middle class keeps inventing new shitcoins that do X forcing the rich to buy those yet again to stay relevant. Eventually so many new shitcoins emerge and so many people keep inventing them that it becomes very difficult to have extreme wealth inequality.
Start making your NFTs and create a new shitcoin for every new business you setup.
I agree though. The reset is crypto.
Christian Taylor
does the great reset include privacy coins or this just another turn to more government control? let me know, I want to understand how much EPIC that is needed for the suicide bag
>Especially for people who were early enough to be able to afford "real crypto" rather than the central bank currencies
They will try to do this and they will fail because nobody will want to hold a bank create shitcoin. People will dump their bags of this shit the moment its convenient. I don't know how the establishment is really going to have to change to stay relevant.
Prepare yourselves, things are about to get real interesting.
Oliver Diaz
I don't think there's going to be much of a middle class, user. Nothing is going 'back to normal' and small businesses are going to be destroyed. By the time normies wake up to what's happening in crypto, Bitcoin will be at 100k and heading for 500k with corporations driving the bid. Once central banks enter the game, a Satoshi may cost 1 cent.
Andrew Rogers
>I don't think there's going to be much of a middle class, user. Nothing is going 'back to normal' and small businesses are going to be destroyed. By the time normies wake up to what's happening in crypto, Bitcoin will be at 100k and heading for 500k with corporations driving the bid. Once central banks enter the game, a Satoshi may cost 1 cent.
This.
Eli Jones
Can someone explain to me why Zig Forums is so focused on cryptocurrency? Why not real tangible wealth? When Israel activates its big ol haccin device known as Intel cpus what you going to do when it all goes away?
Even Benajmin Nehantyahu has his big jewish hands on the cyberspace, you lot think you're safe but I personally hold the belief that 99% of this board is fucked.
Cooper Sanders
>does the great reset include privacy coins I expect that privacy functions will be built into CBDC's, but only for government use. Governments will hold BTC, ETH, and precious metals to back their shit coins, but they will still try to play games in private with them to gain competitive advantage against each other.
As for personal privacy coins, they will absolutely exist, but holding them may become illegal to force as many people as possible onto the CBDC's that are tied to social scores and carbon footprints.
Nolan Wright
Hence UBI. In CBDCs.
Connor Sullivan
>Hence UBI. In CBDCs. Bingo.
Brandon Wood
>I think most normies would actually prefer a bank shitcoin, unfortunately
Normies wont be lead by the MSM in the coming years and they will just go with whatever Zig Forums tells them to do
>I don't think there's going to be much of a middle class, user.
Yeah ever since the lock downs fucking the middle class this hard has begun I am not sure how this will pan out either. We are going to see a lot of rich people get killed in the next 5 years. Especially the famous ones.
>In america, usd stable coins will need a special banking license.
If we end up in a fully crypto based economy. Nobody will be in stable coins. Everyone will be staking, holding nfts or playing crypto video games. Stable coins will be in constant danger is based on random shit nobody is capable of figuring out. There will be a black market so insanely huge and uncontrollable that the establishment will just be another face in the crowd.
>Why not real tangible wealth?
Crypto is tangible wealth. Its an open source contract that everyone who holds the coin agrees to. Do you value contracts? Almost all wealth on earth is from some kind of contract. The only difference is that crypto is automated based on game theory.
Carson Lee
>Hence UBI. In CBDCs.
Anything they can do with a crypto random joe can do as well. Lets say they want to enforce you keeping your wealth inside of CBDC in order to be eligible for UBI. Congrats. DAI coin or any other number of random shitcoins can do the same thing. But since the random shitcoins are doing this via the open market they will event even more insane systems that work way better and accomplish more.
meanwhile the CBDC will be a relic of the 1990s attempting to larp as a new concept.
Leo Martin
>Crypto is tangible wealth. This. What we are seeing right now is the digital equivalent of the invention of fractional reserve banking during the Renaissance. Satoshi, like the Medici, built a better financial mousetrap.
Aaron Peterson
All these fucking autists were right. started on /b in 2012, coomer years on /gif and ended up on /biz in 2015 but were to busy fucking and drinking than buying in. Surreal, thanks moot
Due to the fact that crypto is based on game theory its very easy to read the future events. As long as people are capable of playing the game then these are the following things you can expect.
Nobody will follow what the big banks or governments want, both out of self interest and being lazy as fuck. Its super easy and clear as day that due to the way this stuff works and how hard it is to control then all control will be lost over the population.
If I can gain and store half of my wealth in the latest call of duty simply for being decent at the game. Why in the fuck would I ever even be thinking about putting my money in some bank account? People are going to get dopamine addled brain fucked by literally everything from gambling to god knows what else. The normie follows the path of least resistance, thus having a bank account is utterly out of scope.
Just look from the perspective of a corporation. They dont want you putting your money in some CBDC either. They want you balls deep in their coin.
Logan Lee
>Decentralization brought to you by the world economic forum.
Jace Edwards
So you're saying sell all your stablecoins?
Dominic Anderson
>>Decentralization brought to you by the world economic forum.
These guys will maybe kind of be able to pull off getting people into some central bank coin for maybe one generation. Just imagine the next generation growing up into a crypto based world. Every video game, every anime, every movie, every corporation, every tuber, every possible thing will be calling for your teenager to go all in on random shit. An entire generation will simply forget what a bank account even is and its all driven out of pure and natural degeneracy.
Attempts to regulate the crypto market is going to be hilarious.
>So you're saying sell all your stablecoins?
you should only be in 10% anyway. And that's only so you can buy the dip.
Asher Turner
>you should only be in 10% anyway. And that's only so you can buy the dip. I only cared for stablecoins as a reliable means to convert to other coin and because of high APY% rates that I was gonna try to milk on platforms like crypto.com
Andrew Ross
Yep, stable coins have a place. But its not going to be a place where you mindlessly toss your life savings. Nobody is going to fucking do that. Just think about a CBDC right, these boomers are from the ye old age where banks need to make money to stay afloat. So they do lending and all of that shit the old way. This means they will be forced to make it so you cant simply pull all of your money out in one transaction if you see fit. If your money is in a bank account its not REALLY your money in the same way its not your money when its on an exchange. Once that settles in then the CBDC will be eternally fucked as people will avoid it entirely just because of this one fact alone.
I will want to have full access to my shit no matter what I do.
Adrian Wright
Not only that but a lot of you probably didn't realize that the algorithms used to make stable coins can apply to any coin. You can make bitcoin act like a stablecoin. Or in other words you can stabilize your wealth by holding it in a specific type of wallet that uses various methods to hold the value contained. When you take it out it wont be the same amount of Bitcoin but the value will have been maintained. Traders who are skilled also can use leveraged trading techniques to hold their value regardless of the direction the market goes.
I guess we will have to have license to hold Bitcoin as well am I right guys?
Tyler Davis
>I guess we will have to have license to hold Bitcoin as well am I right guys?
I mean, they might try. But these legislators are going to become increasingly irrelevant as people realize they're not needed and are just snapping at the heels of things greater than themselves.
James Hall
And the vaccine? How do we evade that? I dont want to become paraplegic due to a rushed vaccine. But if I dont take it, they will restrict my movement. I might not even be able to sign contracts.
Noah Allen
The next logical step will be decentralizing government functions via smart contracts. You'll still pay nation state taxes for legit nation state needs like defense, but over time those functions should melt into a network of overlapping voluntary contracts. Code will then literally be the law.
Cooper Cox
>And the vaccine? How do we evade that? Wealth. Elon Musk won't ever need to take a covid test to fly because he owns his own plane.
Eli Clark
>But these legislators are going to become increasingly irrelevant
Not only are they becoming irrelevant but game theory indicates that over time they will be forced to play the same game. That means they will do everything they can to pump their own bags the more invested they are. They will end up playing the same game as everyone else.
>Code will then literally be the law.
Decentralized technocracy. All of the wealth and growth with zero of the bullshit.
Kayden Price
Fucking bitcoin maxis always come up with the least plausible and most retarded ideas fucking kek XRP has been saying exactly all of this for years
