You are viewing a single comment's thread from:
RE: A Quick Monday Morning Reminder: Every Time Someone SELLS in Despair... There's a BUYER!
On the other hand, every unbacked fiat currency absolutely will go to zero. As close to mathematical certainty as death and taxes :-)
The eternal cycle of birth, life, decay, death... I don't see the world going 100% crypto, though, at least not for a very long time. But I can see the return of a limited gold-silver-bronze-copper coin/token system.
A dystopian future where a tiny chip implant, with all your medical, work, school, and bank records, is required of every person wanting to join the world socialist system offered to replace the collapsing national fiat currencies - it's so close I can smell it. Each month your basic income stipend is renewed and you spend it simply by swiping your implant past a reader. Unless, of course, your social credit score is too low because of anti-social activity, thoughts or deeds (in which case your chip is switched off by the central computer). Then you can no longer purchase anything or enter any building or transport.
That is why I hope some decentralized crypto survives and thrives. I don't want to live in a (human) zoo,
I guess we are being subtly "prepped" for that dystopian future through the entertainment industry, with all those rather bleak future sci-fi series and movies where people live in complete "safety" but everything is monotone and colorless.
Thousands of people in Sweden are embedding microchips under their skin to replace ID cards
https://www.businessinsider.com/swedish-people-embed-microchips-under-skin-to-replace-id-cards-2018-5
China has started ranking citizens with a creepy 'social credit' system
The program is due to be fully operational nationwide by 2020, but is being piloted for millions of people across the country already. The scheme will be mandatory.
https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4
Yup @onceuponatime, the smell is closer than you may think. It's so close that it actually stinks. };)