Crypto and The Future of National Currencies
While I was bathing this morning, my mind went back to a request from my friend Olaitan Ojo to contribute to the subject of Bitcoin: A Sign of the Mark of The Beast And It’s Tendency To Reduce Or Lead To Sack of Bank Staff
One of the major events to occur just before The Return of Jesus Christ as Conquering King is the appearance of an ”individual” called The Antichrist who will introduce a One World Government & One World Currency
Most people who have studied the personality and deeds of this “individual” have totally misunderstood the essential factors associated with this person. Many view ”the Antichrist, The Image, The Mark of the Beast, and the Beast's” alliance of nations as things that will be easily recognized as evil and sinister. But the reality is that the Antichrist and his system of government will look like the greatest and most wonderful religious, political, and economic system the world has ever seen. The leader of this alliance of nations will appear as a ”dynamic” and charismatic “individual” who will lead his alliance of nations and the world into a time of unparalleled peace and prosperity.
Jesus said that the deception surrounding the Antichrist will be so clever that only the elect of God will recognize him and understand his true intent and purpose:
The Anti-Christ is too smart to say, “this is the one world currency, you must use it.” If he says so, he will be resisted. So having critically looked at it, I think the *“One World Currency will be something like:
A Blockchain Based Currency, similar to the Ethereum Blockchain which will allows dApps to be built on top of it. This Cloud Based Super Computer will have an Ethereum ERC20 kind of Standard which will allow and make it compulsory for every nation in the world to issue a cryptocurrency version of their national currencies on top of this blockchain without which they will face severe sanctions.
This means that, the Nigerian Naira, Kenyan Shilling, South African Rand, American Dollar etc,may all retain their name and value, but every holder of these new currencies issued in the form of “tokens” in the world can be traced because; as part of the process of issuing and switching over to the new cryptocurrencies/token, there will be a thorough KYC. I mean a thorough KYC where the government will gather every information about each and every one of us and encode these information on the super blockchain.
Since money won’t be in a physical form, it will be near for anyone to buy or sell without passing that KYC. And that means, there might be no physical mark on anyone. KYC might be that Mark of the Beast
As a pointer to what’s coming… In Nigeria, the government has introduced compulsory Bank Verification Number (BVN) which gives the government a one-click access to anyone’s account data in any bank in Nigeria. The United States Internal Revenue Service has made it compulsory to file Tax Returns on Bitcoin which is now a criminal office if you don’t. The exchanges are now taking KYC and AML very serious. Governments are investigating top exchanges and regulation is on the way. And many countries are now planning to launch their own crypto. Eventually, these government issued cryptocurrencies will be swapped with tokens issued on the one world super blockchain
With regards to bank staffs losing their job, well, crypto is not the only culprit. Everything is getting automated. Driverless cars, industrial robots, etc are will replace of manual labour.