The New World Order with Crypto and Blockchain Technology

[Abiky]

If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential? Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.

Nonetheless, what are your thoughts?

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[exstasie]

If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential?

What exactly do you mean by "New World Order?" A one-world government?

Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

Why bother with mining in such a centralized system? There's no need. The consensus is determined by trusted authorities. And sure, this sounds like a dream come true for governments until you realize all governments are competing against one another. They won't agree to give up their sovereign currencies.

I think the world would sooner return to gold-backed money than a one-world currency.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide.

I do think governments are pursuing this on a national level. It's perfect for surveillance. I just don't buy into the whole one-world conspiracy theory.

[BitHodler]

I don't see why the blockchain is being overhyped to this extent, especially with how databases offer more efficiency and scalability, and for governments very important, more control and less transparency.

I personally never liked the idea of one world currency that's supported by governments around the world. I like the fact that I can own a basket of different fiat currencies depending on how each country performs economically.

Technically speaking, Bitcoin is already that, but then without governments controlling it. The people are in control, that's what makes it so powerful. It's an escape from a system that doesn't intend to change.

[lobat999]

Having only one digital currency sounds ideal but it could be difficult to implement since I believe that there is no such thing as a one stop - all purpose crypto capable of satisfying the individual needs of others and we need to encourage more blockchain innovation along the way.

Also, I think there has to be a compromise between the preferences of the people (e.g. - privacy) and the resolve of Governments (e.g. - regulations) in order for blockchain technology to flourish and gain massive adoption worldwide since these two entities have mutual interest with it.

[Abiky]

What exactly do you mean by "New World Order?" A one-world government?

By mentioning "New World Order", I'm referring to a one-world government. It may seem impossible to achieve nowadays, but the mere fact that Blockchain technology unites everything, there might be a possibility that worldwide governments may reach a common agreement. We'll just have to wait and see what will happen with the development of this revolutionary technology within the future.

Why bother with mining in such a centralized system? There's no need. The consensus is determined by trusted authorities. And sure, this sounds like a dream come true for governments until you realize all governments are competing against one another. They won't agree to give up their sovereign currencies.

Of course there's no need for mining in a centralized system. But if you look at the way how central banks print their own money nowadays, you could see the same thing in the digital realm. By acting as miners, they could issue newly minted coins to the public in the same way they are printing physical cash right now. Governments may be competing against each other now, but they could reach an unanimous decision to make the world a better place by implementing a system which keeps track of the world's transactions in order to gain greater control over the people in an easier way than usual.

I do think governments are pursuing this on a national level. It's perfect for surveillance. I just don't buy into the whole one-world conspiracy theory.

Exactly. Blockchain technology's transparency proves to be extremely beneficial for mass surveillance. With physical cash, it's nearly impossible to keep track of where and how it's been spent with precision. By implementing a digital currency, it becomes easier to keep track of every transaction made on the ledger in order to reduce criminal activity as much as possible. Only time will tell us whenever people will adapt to this new system, or not.

[avikz]

If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential? Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.

Nonetheless, what are your thoughts?

Highly impossible to happen! One world currency is never going to happen because it will make stronger countries like US, China, Russia or Germany to lose their dominance over financial prowess and global level. Do you think these countries will let go their dominance for the welfare of the world? Your statement of blockchain based currency will become a reality at country level while every country will slowly move to the digital economy and adopt centralized blockchain for their own currency. For example, India has already published a draft bill which recommends banning of bitcoin and other cryptos and at the same time, opens up the possibility to create a centralized crypto called "Digital rupee" which will be a replacement of physical money in India in phased manner! So country specific crypto is very much possible, but not at global level.     

[hatshepsut93]

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.

You don't need blockchain to do any of that, and if we are talking about centralized entities, blockchain doesn't make any difference at all. Imagine if you stored files on your computer on a private blockchain, what would it give to you? You could use it to notice that some files are missing, but there a lot of other and more efficient ways to do it. Same with governments, the real reason why they show interest is because the got caught in hype just like retail investors do - government officials aren't some brilliant people who are experts in everything, and they can be misled too.

[Kakmakr]

I have my doubt if we will ever see a single Crypto currency or "GovCoin" being used by all countries. Every country has it's own sovereignty and their own local currency now, so I predict a future scenario where these countries will develop their own "digital" version of their local reserve currency and where they will compete with other countries for world dominance.

Can you imagine Iran and China and the USA using the same global currency and sharing the responsibility to have control over the mining and the decision making? 

[mu_enrico]

Even if we only have one single global currency (e.g., Bitcoin), doesn't mean that there will be a one-world government. Different governments could use the same money (like EUR) since wealth and profit is uniform.

Furthermore, people like to form a group based on their social identity and preference. Hence, it's impossible to create a one-world government across various race, religion, culture, etc., without coercion.

[leavolnhals]

Technology is really important to us, especially in today's modern world. As long as blockchain technology is widely taught and applied by a number of developed countries such as the US, Japan, England, and China. And then, the chain effect will spread and the world will use Blockchain technology soon. It saves people a lot of time and I appreciate blockchain technology very much.

[carter34]

To your question on the new world order, I see that bitcoin will be adapted soon because of the use case of blockchain. Blockchain will be a top priority since the world is going to be more technologically driven. Blockchain will definitely not be left out as it is already being used at the moment.

[Kez1817]

"New World Order" ,you mean one world government,one world currency......i think it is impossible to happen to have one currency to be use by all country. We both all know that every country has it's own government, own currency,own rules and regulations to follow. Maybe using blockchain technology is possible to the whole world because of the development brought by this in every country if ever soon that all countries allow their community to use cryptocurrency and legalized it.

[bitbunnny]

We live in new modern era where technologies play very important role and with time nothing will be possible without them anymore. Blockchain and cryptocurrencies have become some new revolution, I would say, especialy in the world of finances. Still new world order sounds exaggerated to me. They don't have such a big power.

[sana54210]

It has its good things and it has its bad things together, you are giving up your right to stay anon if you are giving too much trackable technology at the hands of the government, so blockchain could be risky at the hands of bad people, you may live in a very modern society that respects peoples privacy but there are many dictatorship around the world that would use this to find weakness' in their opponents and use it like a weapon against them.

Hence, I would say the best case scenario is the one we have right now, having anything bigger or more central would result with a lot worse situations. I would love to have a world where blockchain is integrated with everything but the good parts doesn't outweight the bad parts of it right now if you ask me.

[exstasie]

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.

You don't need blockchain to do any of that, and if we are talking about centralized entities, blockchain doesn't make any difference at all.

It really does. Public/open blockchains are much more transparent than legacy banks. There is all sorts of legal red tape for government agencies to surveil citizens (at least in western countries). If governments could get people to use KYC-linked blockchains, people would be offering them all their financial activities on a silver platter. No need for court orders or grand juries or subpoenas.

[1Referee]

I would love to have a world where blockchain is integrated with everything but the good parts doesn't outweight the bad parts of it right now if you ask me.

Bitcoin is the good part. Libra is the bad part. I'm sure that we'll be seeing a whole lot more of Libra-like networks where every major company is going to issue its own token and network. Eventually, interoperability is what will merge all these sub networks into one giant network where everything is linked to each other. It will be a cesspool of digitalized slavery.

We don't need anything new because we have Bitcoin already. It has served us for nearly a whole decade and it keeps adding billions to its ecosystem every year. Every billion that enters means a billion less inside a system a lot of people despise. Bitcoin going from worthless to being worth $175 billion right now. That's a damn solid achievement. $1 trillion is the next milestone.

[kaya11]

If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential?

What exactly do you mean by "New World Order?" A one-world government?

Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

Why bother with mining in such a centralized system? There's no need. The consensus is determined by trusted authorities. And sure, this sounds like a dream come true for governments until you realize all governments are competing against one another. They won't agree to give up their sovereign currencies.

I think the world would sooner return to gold-backed money than a one-world currency.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide.

I do think governments are pursuing this on a national level. It's perfect for surveillance. I just don't buy into the whole one-world conspiracy theory.

Well since we are all living on the same world we have to do what they wanted us to do, regulations and laws, if you are planning a revolt then you would be named as a terrorist and that's a bad thing to happen. As of now OP's words are still distant. We still have  balance in the earth, Chinese and the Russians are there, add North Korea, if somehow those world powers are defeated then we can say somehow that the New-World-Order is possible were a single group of people with the same laws and beliefs will control us through blockchain. The order is this: Destruction then Construction,Go to war and build again, the  same people who are in control exist and their so called rules will be implemented with upgraded countermeasures.

[ayoubouni95]

The idea of digital currency using blockchain technology was never intended for a central authority to gain control of. Centralization would in fact defeat the purpose why Bitcoin was invented in the first place.

[Tylev]

If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential? Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide. Those transactions will not only involve money, but also transfer of ownership, certificates of birth, driver's license, and other services within the global Blockchain system. This may sound crazy, but if you look at the current situation where many Banks and governments have become interested in the technology, it shows us that it will be implemented in every area worldwide within the not-so-distant future.

Nonetheless, what are your thoughts?

I would not want to live in a society where a single digital currency, completely controlled by the World Government, would go, the transactions of which would be fully traceable. This means that the world's population will be completely controlled by a handful of certain people who, most likely, will not be known to society. I don’t know who might like such a dictate. I want to have the right to choose means of payment and I want at least some of them to be untraceable for the government. Therefore, I am quite satisfied with cash along with electronic money and cryptocurrency.

[TheUltraElite]

The first thing is that NWO is a wrong concept borne by conspiracy theorists who are paranoid and need treatment just like many others. If you try to create a one world government you will get attacked by all sorts of "factions" who are willing to take power over. Dont want to turn this to a P&S opinion post, but blockchain technology has been a groundbreaking thing for this generation. Bitcoin though has not seem that much acceptance except so specific places.

Think about this hypothesized NWO - if they would be composed of people who are anti-bitcoin then the whole thing could become illegal, which would not be good for anyone. Both sides of the coin need to be evaluated, acceptance and rejection. Making it only one government makes it a one shot decision too. But like I said, NWO will not happen anytime soon as long out lifespan extends.