So What if Government Taxes Our Cryptos?
Of course people are going to switch over to FedCoin. It's automatically taxed instead of us having to do it manually with the crypto markets upon every trade. It'll be easier to spend because every business will be on it.
Post-Collapse Near-Term
I say yeah, the banks will fall apart, we won't know what to use as a currency for a time. It'll be either trash cash, precious metals, and other barter stuff, but there likely won't be enough trust in crypto yet, especially if they go on full demonization mode (the east has already established this, simply outlawing Bitcoin use).
The markets will crash (cash goes up), then the metals will moon and anyone on board the fiat boat will sink. Maybe the blockchain will help us out in the meantime with proving transactions and keeping the metals in vaults for the richer side, but I think the poor will be just bartering and defending their stuff.
Remember that this is the same time that AI takes over a bunch of our jobs. So we'll have a really tough time everywhere. What comes out on the other side could be a futuristic, technocratic system with the rulers of the world on top. Fed Coin will bring us online. Auto-taxed and easy to use and spend. 100% tracked, their law rules all. It expands from the east so the west takes a little longer to recover.
Also, if we have a food crisis like the @iceagefarmer has been talking about, paired with weather manipulation (or global warming), police state civil wars, and the 5G radiation grid, millions will die. Only the rich, the smart and the blessed will have the greatest chance of survival.
FedCoin will very likely be the mark of the beast system. So we individuals would have the choice (if we survive the tribulation) to join the beast system and therefore the economic system (and eat), or continue living on our own at the expense of being jailed or eliminated.
Post your thoughts below.
Which Government?
Since it's a worldwide phenomena and we're more connected than ever before, it'll probably converge to be a single world government. Think about who/what controls the world right now.
I don't exactly know what you wanna say with this post.
But to be honest if you know how banks and the WHOLE economic is intertwined: the bank sector won't fall apart. If this happens yet, cryptos can't help us anymore, cause the world as we know it well be completly different....no more internet access if banks fall apart, that's what I'll promise you ;) At least in the next 50 years....they are way to powerfull my dear :)
Exactly, they are too powerful. We put a lot of hope into this crypto thing, both as a money making opportunity and as the salvation of humanity. The current banks, I'm saying, will likely fall due to the debt-based system, but central banking, those at the very top, and government as a whole will probably elevate to a single controlling entity.
As for the internet, a decentralized internet would be great -- however will we reach that development in time? I doubt.