What Role Will Crypto Play During ‘The Great Reset?’

[ActAshton]

"The global economic transformation now faces the main question: What to choose — centralization or decentralization?" What is 'The Great Reset' you might ask?

This topic can be very sensitive, but it's something that needs to be thrown at your face sometimes. We are still and will continue to be in an economic recession for god knows how long. Will crypto be the solution? Maybe for part of it...

Raoul Milhado produced a hell of an article that outlines what the world can look like in the coming months. He takes note of the WEF (World Economic Forum) making an impartial statement about a need for urgency for "global stakeholders" aka one-percenters to manage the outcomes of what is called "The Great Lockdown" <-- (SERIOUSLY READ THIS) His article can be found here: https://cointelegraph.com/news/what-role-will-crypto-play-during-the-great-reset

This 'lockdown' we have entered could be known as a cover to remake the world. The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen. We've seen industries shift 90 degrees and take a bullet to the head but we have also seen industries flourish from the ground up, resulting in a new wave of entrepreneurs and people finally looking out for themselves. Don't forget to mention the current curriculum is dying as they aren't teaching what is hot like "How to Tik-Tok" or "OnlyFans 101." Even though it may be frowned upon, we're all adults and need to be faced with the truth behind reality whether it sucks or not.

Either way, it's nice to see crypto have a resurgence in the past months as an alternative to traditional finance and business. My dad, a blue-collar worker that will rely on his retirement is FINALLY reaching back out to explore investment opportunities in Bitcoin...

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

Don't forget to smash that poll button with your vote because it's important to me and it's provocative; it gets the people going!!!

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[ArcheAdvertising]

"The global economic transformation now faces the main question: What to choose — centralization or decentralization?" What is 'The Great Reset' you might ask?

This topic can be very sensitive, but it's something that needs to be thrown at your face sometimes. We are still and will continue to be in an economic recession for god knows how long. Will crypto be the solution? Maybe for part of it...

Raoul Milhado produced a hell of an article that outlines what the world can look like in the coming months. He takes note of the WEF (World Economic Forum) making an impartial statement about a need for urgency for "global stakeholders" aka one-percenters to manage the outcomes of what is called "The Great Lockdown" <-- (SERIOUSLY READ THIS) His article can be found here: https://cointelegraph.com/news/what-role-will-crypto-play-during-the-great-reset

This 'lockdown' we have entered could be known as a cover to remake the world. The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen. We've seen industries shift 90 degrees and take a bullet to the head but we have also seen industries flourish from the ground up, resulting in a new wave of entrepreneurs and people finally looking out for themselves. Don't forget to mention the current curriculum is dying as they aren't teaching what is hot like "How to Tik-Tok" or "OnlyFans 101." Even though it may be frowned upon, we're all adults and need to be faced with the truth behind reality whether it sucks or not.

Either way, it's nice to see crypto have a resurgence in the past months as an alternative to traditional finance and business. My dad, a blue-collar worker that will rely on his retirement is FINALLY reaching back out to explore investment opportunities in Bitcoin...

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

Don't forget to smash that poll button with your vote because it's important to me and it's provocative; it gets the people going!!!

Bitcoin along with other cryptocurrencies will not play an important role in the future of the world economy, but they are already playing it. If you look at the news, the USA approved the custody of Cryptos in all the banks of the nation, China obtained the majority of at least 5 Altcoins. The actions of these powers only mean 1 thing, sooner or later cryptos will be the epicenter of the economy or at least play a very important factor.

[Wind_FURY]

OP, after prrrinting trillions in fiat to keep the economy working? I believe it will start to be a big part of people's savings/portfolios, OR it SHOULD BE. The people should be HODLing a currency that is not subject under the whims of politicians who put their own self-interests first before the people.

[abhiseshakana]

The opinion of the WEF founder is a wake-up call and invites the international community to reflect on how to carry out development in new ways, namely development that is not only for the advancement of the human economy but at the same time maintaining sustainable nature. So a new or different paradigm of economic development is needed from what has been implemented so far. One of the middle way options to unravel the conflict between economic growth and natural sustainability is a circular economy (CE), which offers opportunities for post-use products to be recycled, repaired or reused instead of being thrown away and waste from one process becomes an input for other processes. We must ensure that new technologies in the digital, biological, and physical world remain human-centered and serve society as a whole, giving everyone fair access.

The enthusiasm to always increase economic growth starts from the passion for human consumption. Even though the pandemic created momentum for a great reset in the world of cryptocurrency, the world economic system will be stuck in the previous system even though its cover has changed from conventional, digital, and cryptocurrency. The market will never be able to reset because the market is not what creates the global economic system. What is happening now is that fiat is adapting to the industrial revolution 4.0 which cannot be avoided.

[Ucy]

This is one of the biggest reasons everyone should be busy developing a truely decentralized & safe systems/networks.
It's actually heart breaking to see some true enthusiasts not focusing on exactly what should be focused on. They tend not to be stable and focused, probably due to deceit (or what people call brainwashing). What they support or promote don't always show they understand the true situation of things or why we need truely decentralized and safe Crypto now than ever.
The only reason why things aren't collapsing now is that a MIGHTY HAND is preventing the collapse to allow us to talk to lots of people who are sleeping and to allow this decentralized things to be properly built to save lives.

They are trying to get centralized corporations and others unpleasant things to rule the world.
But many people will be kept safe from the coming tyranny.

[davis196]

Whatever happens to the global economy two things are certain:
1.The elites will stay as rich and powerful as they were before the crisis.They might become even more rich and powerful.
2.The working class will remain a working class.The number of unemployed poor people will rise,but their survival will be their own problem.
If you think that the crypto industry/decentralization(and technological progress in general) could possibly change all this inequality,then you are pretty naive.
Centralization or Decentralization,it doesn't matter that much.The rich elites might take control over the process of decentralization and create a "pseudo-decentralized" economy.
 

[stompix]

The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen.

Oh, people are looking at some numbers and saying man how bad this is...
There were no stocks in 1348, but almost half of the population of Europe has died, how can someone even dare to compare that to the consequences of the covid pandemic.
Not even unemployment has reached 50%, but those were deaths!!!!!

This 'lockdown' we have entered could be known as a cover to remake the world. The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen. We've seen industries shift 90 degrees and take a bullet to the head but we have also seen industries flourish from the ground up, resulting in a new wave of entrepreneurs and people finally looking out for themselves.

Authors like him should take a break before publishing something and walk for a day or two around town.
Here almost everything is back to normal, traffic is again a nightmare, construction is going again full pace, people go to work, people go to parks and drink and eat out till midnight, yeah you need to put a mask I public transport and in stores but besides that, nothing has changed.
There is no reset there is no dystopia, nothing.

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

First, as I said, there will be no reset!
Second, "hunger games?", "mad max?", common that's child talk.

[mu_enrico]

I don't believe in this "great reset" thing because, in my years' experience of being an entrepreneur, this world is continuously changing. Luckily, humans are very adaptable and can survive many things that way worse than SARS-COV-2. In the worst-case scenario of a depression (economics), sure many people will suffer, but everything will bounce back, and the boom-bust cycle repeats.

As I said that crypto adoption and economic stability are not mutually exclusive, I'd rather think that the next boom cycle will bring more crypto adoption, usage, etc.

[Hydrogen]

What Role Will Crypto Play During ‘The Great Reset?’

If there is a Great Reset.

The european union, international monetary fund, world health organization, united nations, china. All groups and organizations funded by banks, and their left wing allies, will push for something resembling a centralized one world government.

On the opposition side, we might see #brexit, catalan independence. All major independence, populist, movements occurring around the world in opposition to centralized authority figures like the european union would likely prefer decentralization.

Bitcoin and cryptocurrencies would likely be utilized to push cashless society and financial engineering MMT ventures IMO. It may also be utilized to help banks and other financial institutions improve the efficiency of their financial networks as well as hold crypto as intrinsic value collateral aka gold 2.0.

[Lucius]

Either way, it's nice to see crypto have a resurgence in the past months as an alternative to traditional finance and business. My dad, a blue-collar worker that will rely on his retirement is FINALLY reaching back out to explore investment opportunities in Bitcoin...

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

All indicators show that we are sure to face one of the biggest recessions in the last 100 years, and the virus has only accelerated it and will make it even bigger than it should have been. All of this is really just a part of what rolled back in 2008, and the intelligent ones have long since begun to prepare for everything that has followed and for what is yet to come. However, I do not think that an apocalyptic scenario awaits us, the world is already adapting to new circumstances - and it will certainly be difficult, but people are very resourceful in the most difficult moments.

I do not see how cryptocurrencies would be a global solution to the problem, if we take into account that according to all research, less than 1% of the world's population invest or trade crypto. Not to mention that more than 40% of people in the world do not have internet access at all.

I hope your father knows what risks he faces if he wants to invest in BTC, it's not some magical way money can be multiplied just like that without doing anything.

[Febo]

What Role Will Crypto Play During ‘The Great Reset?’

The role of calm people down. People will not trust anyone anymore since all money they ill lend to others will be lost. They will need something to trust. And best thing to trust is math.

[webtricks]

As I was searching through the website, I wasn't able to understand the motive behind, `The Great Reset` completely until I stumbled upon the following lines:

“The Great Reset” is a commitment to jointly and urgently build the foundations of our economic and social system for a more fair, sustainable and resilient future.
It requires a new social contract centred on human dignity, social justice and where societal progress does not fall behind economic development.

So the main focus of `The Great Reset` initiative is not just bringing the global economy back on its feet but doing so by taking necessary steps so that measures remain just and fair from societal point of view. Giving away subsidy and cheap loans to business houses, printing more currency, etc etc; these steps are good from economical point-of-view but what about labors and workers? Will the benefits of these steps reach the end worker? I doubt that.
 
Cryptocurrencies have potential to play a big role in this since their value can't be negatively manipulated by issuing new units. However, in past 10 years cryptocurrencies have failed significantly in one thing: rather than bringing existing economy on blockchain, cryptocurrencies are creating new economy which is parallel to our traditional economy. I don't see two mingling each other in near future which in my opinion is making cryptocurrencies useless for solving real-life economical problems arose in traditional economy based on fiat money.

[ActAshton]

What Role Will Crypto Play During ‘The Great Reset?’

The role of calm people down. People will not trust anyone anymore since all money they ill lend to others will be lost. They will need something to trust. And best thing to trust is math.

Yes, trust in stats and numbers but also find the value in people providing insightful information to your benefit. A huge value proposition people need nowadays is a reliable source of information versus a new economic system. Mass media is congesting the transparency of what's happening and it's becoming far too saturated with BS articles. As we see many "WHY ISN'T THIS BEING COVERED" lasting 20 mins on social media, it goes back to the drawing board.

I think opinion pieces from thought leaders will push for people to engage in further discussions as you can share your thoughts and provide feedback to those seeking it. As you said, trust in math, but also trust in certain people that are providing transparency, as the blockchain does

[BrewMaster]

will there even be any "great reset"?
i think not.

there has been multiple times where there was room for such reset and rebuilding of the economy and society free of corruption but the world didn't go that route. instead they stuck to the same corruption, bailed the worst of them out and let them continue scamming people and people don't seem to mind or even remember all this.

so no, there won't be any great reset for bitcoin to play any role in it. and bitcoin will remain the exit option that only the enlighten will take.

[ActAshton]

will there even be any "great reset"?
i think not.

there has been multiple times where there was room for such reset and rebuilding of the economy and society free of corruption but the world didn't go that route. instead they stuck to the same corruption, bailed the worst of them out and let them continue scamming people and people don't seem to mind or even remember all this.

so no, there won't be any great reset for bitcoin to play any role in it. and bitcoin will remain the exit option that only the enlighten will take.

You serious? That is exactly what's happening. Check out the second citation in the article. It's focused on a big capitalist movement but this is the time where people who can find opportunity in this can flourish. Those people are in CRYPTO!!!

[ActAshton]

I love the 50/50 divide in the poll. If you're a part of option 3, please read the links I published lol

[enhu]

Don't you think the article will lead to concluding that Bitcoin is created by the government for the purpose of this Great Reset you are talking about?
I haven't really thought that far enough that there will be reset and new format and a new nation will be dominant but whatever this reset is. The future will be bright for those who have crypto assets on their wallets.

[oHnK]

Currently, the movement of crypto prices are very promising. It means that there are many people in the world think that crypto will be an alternative investment during "The Great Reset". They can't invest their wealty in Dollar and Stock. In "The Great Reset" era, almost everysides of world economy are affected by Covid-19 cost but Bitcoin and others still shows us the positive thing. People believe crypto can be good investment for future and will survive until the world recovery although in the worst position.

[wxa7115]

What Role Will Crypto Play During ‘The Great Reset?’

If there is a Great Reset.

The european union, international monetary fund, world health organization, united nations, china. All groups and organizations funded by banks, and their left wing allies, will push for something resembling a centralized one world government.

On the opposition side, we might see #brexit, catalan independence. All major independence, populist, movements occurring around the world in opposition to centralized authority figures like the european union would likely prefer decentralization.

Bitcoin and cryptocurrencies would likely be utilized to push cashless society and financial engineering MMT ventures IMO. It may also be utilized to help banks and other financial institutions improve the efficiency of their financial networks as well as hold crypto as intrinsic value collateral aka gold 2.0.

Agreed, we are already seeing the crash between two different ideologies of how the economic system should work, and in the case of a huge economic crisis this battle is only going to intensify, it is obvious governments are going to push for centralization, this is what they always do however the people after seeing that it was the corrupt politicians and bankers that brought this situation will try to bring decentralization to the table.

Which one will win? It will depend on how profound the crisis is, if the crisis is bigger than the one we saw in 2008 but smaller than the great depression then centralization may win, but if the next crisis is even bigger than the great depression, and I mean really bigger and not what the lying economists say about the current crisis, then we may see decentralization winning.

[el kaka22]

The new world that we are facing is not that further away from the one we used to have neither. Even from 90's to today there are not that many changes, the thing is those "changes" are the changes that always happened. There was a 2000+ year old tablet about someone talking regarding the youth not acting properly and the new generation being disrespectful. Even 2000+ years old each generation their own culture.

So, obviously the finance world has to face the fact that if they continue exactly the same way as they have so far, they will lose all those generation Z and so forth. Which is why I feel like all these changes to financial world even if not as a company but as a general market thing, is all due to the fact that people would be willing to do their own way instead of working for someone else.