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.

[rodskee]

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.

If there is really a great reset. People will always find alternatives and we seen so far that there are many
people who are involve inside this market.
With something like this to happen but probably I'm doubting, but ho knows. I guess people will continue
to invest to this new alternative investment currency.
They will see the big benefits and the potentials that it can help them surviving into this new kind of setup.

[Wexnident]

Ehhh? A Great Reset? Tbh, right now? Even with the quarantine period and lockdowns that happened, most people are still going about their lives normally. Heck, even students are going on about e-commerce right now, mostly those that have the opportunity to start one anyway. Why would I even be ready for something pretty much non-existent? People call it the new norms, but really, it's just a matter of time imo for such changes to happen, especially since this "new normal" is just basically us being reliant on technology to achieve what we normally do.

Even if there was a Great Reset, people wouldn't remove themselves from a centralized organization. qol improvements are what centralization offers afterall imo. Decentralization is great, but it's only used in specific situations, and as such, doesn't really warrant the complete overhaul of the centralized government we have right now.

[ActAshton]

For those of you at option 3, ZeroHedge just picked up the article for you to FINALLY understand

https://www.zerohedge.com/crypto/what-role-will-crypto-play-during-great-reset

[mikeauerbach]

I agree that digital finances will be the solution, but the crypto won't. While Bitcoin isn't legal in some countries, it isn't possible.

[sunsilk]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

[ActAshton]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

[elitium.io]

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.
 

I understand where you are coming from and I agree that the elite will try to take control again... But only until a certain point, they are only powerful as long as the masses perceive them as powerful and keep playing the victim role.

Like Elon Musk said in Joe Rogan interview:
Corona showed us, "if nobody is producing shit, there is no shit".

Unification and self empowerment is key. They will play that game until it reaches a point where people have to wake up and dont tolerate this anymore.

The shift is happening anyway, the only thing we can decide is if we want to watch it or start taking action and realize this unique opportunity of wealth creation. Resourcefulness is the first step to have an impact!

What is your take on this?

[AicecreaME]

I think bitcoin will play a great factor during the great reset. Bitcoin has been acknowledged by different countries now, although not totally in the form of currency, but i know someday in the future, it would have a big role when systematic change would be imposed and economies would be revamped.

I think bitcoin would be the escape of the people since it has a decentralize nature and offers cross-border transactions which is very convenient unlike those of the banks with high exchange rates. This could be a nice investment because of the said nature since if ever great reset would happen, people can't invest their money in dollars or whatsoever since it would be monitored.

The great reset has been pushed by different leaders, investors, and enterpreneurs from WEF. Earlier this June they proposed a reset to the system's economy, globally. Their objective is to be more approachable to the working class and to be more on socialism side than capitalism.

It's a great aim somehow since this would reduce the disparity when it comes to wealth and would invest more to people and the environment. However, it's also risky since the one who's going to control is the government which has so many imperfections in the first place. Tyranny could happen and corruption as well. We don't really know. They actually took advantage of the current pandemic crisis to push this and centralize things out.

[The Sceptical Chymist]

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.

And that's the part of bitcoin I love the most, that it's not a product of governments or banks.

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

[kryptqnick]

The global economic crisis is always unpleasant, but this one will be particularly hard because of the pandemic. My husband and I were supposed to spend the next semester in Finland and spend all our savings on this trip which could be important for my career. We could not get our visas in time, so we aren't going, but the idea of spending savings remained (because they can lose their value or the bank could announce bankruptcy any time). So we're going to buy something costly (Valve Index), and then keep some money is local fiat, USD, EUR and BTC to minimise the risk of losing it all. I don't expect the next year to be easy, but I think we'll be able to get through it.

[Ozero]

The economies of almost all countries are now falling very strongly and therefore the onset of a severe global economic crisis seems inevitable. In this case, a decentralized cryptocurrency, as many hope, should become a reliable safe haven to protect people's savings from inflation of common currencies of states.
 It so happened that the cryptocurrency appeared after the last economic crisis in 2008. This will be the first global economic crisis in which a decentralized cryptocurrency will exist. Therefore, it will be a good exam for cryptocurrency. It looks like she can handle it successfully. We can already observe certain signs of this.

[Sanugarid]

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

common reaction of people when a global catastrophe strikes lol they always think of the worst case scenario. Indeed that the world is crumbling facing this pandemic but every country's economy is built to withstand a huge problem like this, and wealthy countries are supporting any one whose having hard time dealing with it. I just laugh when I see people concluding that there will be zombie apocalypse this year lol, just like this an overly reaction from what is happening. The great reset should be taken literally, as in literal reset, we go back in time, and push the man who ate the bat soup and reset the year 

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

But I don't think the fiat system will fall apart, when it starts to be not effective the government will just change it to a new modernize system and that is what we are having right now, the CBDCs.

[ecnalubma]

Economy is so fragile, if the past generations overcome the past pandemics I’m pretty sure with all the resources we have at the present day we can conquer this or maybe not if someone so powerful really intended this to happen. But at the moment we need to adopt and apply changes in our lives, become resilient and more prepared in future unexpected crisis.

[goldade]

The pandemic has opened the eyes of so many people. Many now see that there is need for a decentralized system of money as so many countries economy are failing drastically.
Bitcoin and cryptocurrencies at large will help save a lot of people who have their money in crypto as it's not affected by a country's economy.
There is need for more people to adopt crypto as this is the future.

[sunsilk]

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

Good luck with that, pretty sure that your pops gonna love those cards if you'll tell him that it contains some crypto in it. I wish my pops is also into this technology but it seems that he's not although I'm eager to share him and give him some from my holdings.

I haven't taken any of those but I've heard of Wirex. You can also gift him a hardware wallet which will make him more into it.

[bitgolden]

The thing about elite and rich is that the people might change, the idea will not because humanity has that "7 deadly sins" that religions talk about and that is why there will always be people who will want to live a better life than other people.

Let's assume the whole world is so rich that every human has their own lambo, their own mansion, their own private pool, they can travel anywhere they want, they can eat anywhere they want, they can basically do whatever the hell they want, would you think everyone in the world would agree to this?

Obviously not, some people will want butlers, waiters, valets and whatever else you can think of, it is not enough that you are rich, others should also be poor enough to be serving under you for your pleasure, that is the wrong thing about humanity and that is why even if we remove all possessions from all humans today and equally distribute them, in 10 years there will be rich people and poor people once again.

[wiss19]

I don’t know what you’re talking about by economic reset, how is the economy going to be reset? Like things will go back to zero or what? And as for decentralization, that depends, I don’t think the world is going to adopt Bitcoin, in fact let’s be true to ourselves, Bitcoin is just a payment method and the whole world are not going to adopt it as their main currency, same as other cryptocurrencies.

Another thing you have to know is that as long as there is government, there will be nothing as decentralization, things are still going to be centralized (majority of everything). Bitcoin is just going to be as it was described by Satoshi, a peer-to-peer transaction and apart from that, there is nothing else.

[Salauddin1994]

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin. the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

[elitium.io]

Thanks for the amazing feedback on the article everyone!

Obviously this is a polarizing topic with different opinions which is totally fine but for those who are interested please take the time and invest 4 minutes in this personal message of Raoul, referring to the article!

I think you can tell that this message comes straight from the heart and we are thanking everyone for the support!

https://youtu.be/IMqxsm3u2m4

[Mauser]

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.

For me personally not much really changed during the pandemic in terms of investing and cryptos. I am still holding the same portfolio of stocks and funds as last year, I only added a little bit of commodities. For my cryptos I also only added a little bit because I don't have so much spare money at the moment. But if I would really believe in the great reset I should sell all my holding and just go into cash. Inflation would likely drop further and the prices in 6 month should be much lower than today. However, I am still hoping for a good ending of the pandemic. So far the prices where pretty stable. I don't think it's time yet for panic selling.

[ActAshton]

The results are in! Thank you everyone for voting. I do believe we should keep this thread open for a while as it covers a very interesting topic that is continuously spoke about.

Thank you everyone who participated!

[stompix]

For those of you at option 3, ZeroHedge just picked up the article for you to FINALLY understand
https://www.zerohedge.com/crypto/what-role-will-crypto-play-during-great-reset

Hahaha, that is the nail in the coffin for this "great reset", if Zerohedge says so, then it will definitely not happen, reminds me of this quote for gentlemand

Zerohedge, the site that predicted 200 of the last 2 recessions.

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!!!

What reset is happening and where can we observe this, do I need to climb the Eiffel tower to see it?
What big capitalist movement you see, any serious proof other than a guy hearing from the friends of the cousin's of his sister's in-law brother?

Every single time there is a major there are people who will see "grand reset"
I remember how after 9/11 there were "analysts" who claimed that air travel is dead, that we will see a revolution in travel and tourism, here we are, almost 20 years and no revolution.
After the last crisis, it was the same, the economy will change, the world powers will end up being poor, people will starve, the stock markets will die, we will see a revolution, and 10 years later there is no revolution and it's the same as before.

[go1lo2va3]

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin. the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

Well, crypto affected economy anyway, the market itself is almost as big as some smallest countries and a lot of fiat holdings now flood into crypto.
And your second point - a person wouldn't be able to easily overcome current crysis just by investing in crypto, especially long-term.
Lets take a look at average person that has ~$2k of crypto investments + added $1,2k of support payed to most US citizens. So since may total crypto investment portfolio would be now like $5-6k, if we're talking about early april-may investment.
AND a person shouldn't take any of it 'til this day. Thus being said you have to have at least spare $3k in the spring + available money to live through past half of the year.
This isn't realistic, you have to be wealthy for this to work out

[Finestream]

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin.

What do you mean? bitcoin will never be centralized as it's design as a decentralized asset, no one could change that system we are using now.

the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

I would like to see crypto to be regulated so more investment will come, this is a great for the market as when the economy struggle, we have crypto which is not controlled by anyone, although we have some big investors we called whales but when more people are treating it as an investment, they would be so happy to hold their bitcoin as they can ensure great profitability in the long run.

I'm not ready yet for the great reset to be honest, but if that would happen, there's nothing we can do but to accept it, and let's see how things work out.

[Rengga Jati]

If we totally choose the great reset, what is the better then? Centralized or decentralized? Has all countries in this world ready for the decentralized systems? I think no, decentralized and centralized should be implemented conforming to how the system in each country ready for it.
If it is talking again about the use of cryptocurrency after this pandemic over, we can see it right now. So far, many more people are interested in doing some great things on crypto, many projects still exist and many more people reveal the world of cryptocurrency.
So, the crypto will never end and will probably give a big influence on it.

[Twinkledoe]

Bitcoin will take a long time to become centralized Many countries do not yet support Bitcoin.

What do you mean? bitcoin will never be centralized as it's design as a decentralized asset, no one could change that system we are using now.

the demand for crypto has increased a lot during the epidemic crisis. Crypto is not under the control of the government but the economy is in crisis due to the epidemic but crypto has no effect. Many people have been able to overcome this crisis very easily by working in crypto investing as a method of payment is also holding for the future.

I would like to see crypto to be regulated so more investment will come, this is a great for the market as when the economy struggle, we have crypto which is not controlled by anyone, although we have some big investors we called whales but when more people are treating it as an investment, they would be so happy to hold their bitcoin as they can ensure great profitability in the long run.

I'm not ready yet for the great reset to be honest, but if that would happen, there's nothing we can do but to accept it, and let's see how things work out.

I think Salauddin has different perspective on bitcoin identifying btc as centralized when many entities are supporting it. And that is kinda wrong as bitcoin is a decentralized one. No one is in full control of it. But I agree that because of this pandemic, the crypto adoption may increase because people are looking at it as new payment and trying to understand it as potential investment. I guess most of them will treat btc as form of investment as most of us still do.

[Xanxus024]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

[kotajikikox]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

While others wanted to see the brightness inside crypto yet they have no money to start investing because the prices are too Huge now(Not including shitcoins of course)
but i believe that this pandemic turns people to check crypto and how does it works and when time comes that they are able to have money?surely investing inside will be their other option.How many may invest we don't know but at least they will set some amount to put inside.

[elitium.io]

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.

And that's the part of bitcoin I love the most, that it's not a product of governments or banks.

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

Interesting.. But I personally see most crypto's, Bitcoin included more as a store of value than a currency.

When you are buying EUM or any other altcoin, you also look at the company, the team, their use case/business model etc., in our case you even earn yearly rewards of up to 6.5%.

Even tough we are going to launch a card as well, I would still say the investors mindset in more like "buying a stock" of the company, rather than seeing and using us as a currency.

If I believe in BTC and that it's value increases, I would never use it as a currency/sell it, because I rather keep it right?

Or how do you see that?

[elitium.io]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

Yes I agree... Also people start loosing trust in governments and the financial system.

Historical times...

[beerlover]

Bitcoin could actually become such a huge adopted thing if it could be, there is really a chance for it but unfortunately it is not easy. Think about it, could it be possible for bitcoin to be accepted worldwide everywhere in the whole world? Of course it is, obviously it is, we are talking about bitcoin here, you could remove all the fiat in the world and just use bitcoin only. Don't get me wrong, I am talking about just the technical part of it, I am just saying it is technically possible.

Obviously it is not going to be like that, and the adoption will take decades because people with power do not want it to succeed, however at the end of the day the bitcoin people will want it and when most people use it, the powerful can't do anything to stop it.

[Yamifoud]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

It is a business war that we never think at the start. Billionaire taking advantage of this and gets millions also out from the people who suffered. If we call this an "Economic Reset", no one will believe this because it is likely we are just harassed by some political leaders wanting to control others and be their followers.

Maybe we can say that crypto has of a great time this pandemic and many stockholders are shifting into crypto. But, could we think that this is the start of fiat transitions to digital currencies? Because almost seeing that people are now using it and many had to risk their money in buying crypto for investment. Its something to look that we are making pandemic as a way to move forward and adopt the new normal which crypto is much applicable and appreciated at this time.

[jaysabi]

"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!!!

This is a bunch of fluff.  There's no solution crypto offers for the pandemic.  The problem is a lack of economic activity caused by the need to stop or slow the spread of a the virus.  Economic activity itself spreads the virus because the movement of people is what spreads the infection.  Until there's a vaccine, the world will have reduced economic activity as people seek to limit their exposure.  There's absolutely nothing crypto can do to solve or alleviate that.

[Latviand]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

These cryptocurrencies will be our backup and financial source during this pandemic and I know that this investments are really worth it.

Although some people are still doubting bitcoin, I believe that it can change and help a lot of lives. I'm really not a type of people who are always doing digital transaction in a common way like buying goods and etc, but this is one of the advantages of crypto, to do a cashless transaction during this crisis.

Crypto has the modern Gold that is being used in the market with the application of advance technology, it is called bitcoin, which we use as an asset.

[AniviaBtc]

Crypto can be our hope towards sustainability of our necessities to survive. It is not that easy to earn cryptocurrency if you are scared and ignorant about it but this is the way for you to become still during the Great Reset. This crypto can be our aspiration during dark times, so trust crypto on what can it do to your life especially during struggles. It is really beneficial if you know how to utilize, control, and store it. As long as you're doing your best to manipulate it properly you will probably have some funds while you are staying at home following the rules and regulation during this pandemic. Just do a research and then invest.

[pixie85]

If the reset will happen it will not be due to covid.

This "dangerous" virus is infecting thousands of people in Europe every day and there's no panic. They will develop a vaccine sooner than this virus can cause any serious damage and I'd like to remind you that it's mostly old people who are dying. If there's a reset it will be in the politics where old farts who still support communism will no longer be there to vote.

[wiss19]

If we totally choose the great reset, what is the better then? Centralized or decentralized? Has all countries in this world ready for the decentralized systems? I think no, decentralized and centralized should be implemented conforming to how the system in each country ready for it.
If it is talking again about the use of cryptocurrency after this pandemic over, we can see it right now. So far, many more people are interested in doing some great things on crypto, many projects still exist and many more people reveal the world of cryptocurrency.
So, the crypto will never end and will probably give a big influence on it.

Decentralization is quite a good idea, but I don’t think it is something that will be put fully in place. We have governments, and one of the areas that the government never jokes with is the finance, because our finance is the main thing when we are talking about the economy.

So, as long there is government, it’s all going to be centralized. Decentralization will only be to a certain extent, like we have it now, and I really don’t think it will pass that level so much. If you look at the way things are going, the government are already looking into cryptocurrency and trying to gain control over it.

[Sanitough]

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.
 

There's one way of saying which is easy to understand and that is we have a corrupt government which are driven by their self interest. Businessmen owns the world, they have politicians which are their puppet that serve their personal interest. I do know exactly what crypto is capable of but even if it's decentralized but the world is manage by corrupt government, it would still be useless as we are all subject to the law of our land.

[elitium.io]

Bitcoin could actually become such a huge adopted thing if it could be, there is really a chance for it but unfortunately it is not easy. Think about it, could it be possible for bitcoin to be accepted worldwide everywhere in the whole world? Of course it is, obviously it is, we are talking about bitcoin here, you could remove all the fiat in the world and just use bitcoin only. Don't get me wrong, I am talking about just the technical part of it, I am just saying it is technically possible.

Obviously it is not going to be like that, and the adoption will take decades because people with power do not want it to succeed, however at the end of the day the bitcoin people will want it and when most people use it, the powerful can't do anything to stop it.

Yes, I think it's almost impossible to predict timelines... Who would have thought that you are not allowed to enter a bank without a mask in january?

One thing we know for sure... The technology will succeed because it is solving real world problems and especially since we are facing major issues in many countries already with their local currencies and probably soon have similar experiences with the dominant western currencies, people will start looking for alternatives.

Digitization and globalisation is an unstoppable trend and crypto + blockchain is comparable to 1994 of the internet...

[elitium.io]

If we totally choose the great reset, what is the better then? Centralized or decentralized? Has all countries in this world ready for the decentralized systems? I think no, decentralized and centralized should be implemented conforming to how the system in each country ready for it.
If it is talking again about the use of cryptocurrency after this pandemic over, we can see it right now. So far, many more people are interested in doing some great things on crypto, many projects still exist and many more people reveal the world of cryptocurrency.
So, the crypto will never end and will probably give a big influence on it.

Decentralization is quite a good idea, but I don’t think it is something that will be put fully in place. We have governments, and one of the areas that the government never jokes with is the finance, because our finance is the main thing when we are talking about the economy.

So, as long there is government, it’s all going to be centralized. Decentralization will only be to a certain extent, like we have it now, and I really don’t think it will pass that level so much. If you look at the way things are going, the government are already looking into cryptocurrency and trying to gain control over it.

Especially if you look at the masses who are not in crypto yet they are also often scared that there is no centralized institution or regulation in the market because they are afraid of loosing their coins to hackers or argue about a lack of transparency.

Well, we dont have to go into that discussion now since we know better, but I agree with you that there will be some kind of "Hybrid" between centralized and decentralized, which can also be very good for mass adoption.

The question is just if the centralized institution has the best interest of all in mind or is driven by ego & power....

[justdimin]

When the system keeps failing with every single problem, maybe that system needs to be fixed? I mean we are talking about people getting screwed over and over again in their lifetime, one person who was born in 1980 would be 40 year old today and has seen 3 major and 1 minor crisis with 1987, 2001, 2008 and now in 2020.

Maybe if the whole world worked towards making the poorest people a bit richer so that even the poorest people in the entire world could get the best education and best healhtcare, that way we could make sure that nobody would ever be over 50-100 billion dollars worth but also at the same time nobody would die of starvation or they had to ration their insulin or anything so simple that it could be prevented. I agree that governments would take your tax and maybe "buy" stuff for government 100x more expensive from their friends and steal public's money, but that is also another topic.

[wxa7115]

As far as I can see this pandemic gives a lot of trouble in many peoples lives and most of businesses are shutdown and it affects  many peoples. Now most of the workers are working at home through internet and the system of transaction is cashless that's why the role of crypto during this pandemic has a big role, hopefully more people will see the brightside of it.

While others wanted to see the brightness inside crypto yet they have no money to start investing because the prices are too Huge now(Not including shitcoins of course)
but i believe that this pandemic turns people to check crypto and how does it works and when time comes that they are able to have money?surely investing inside will be their other option.How many may invest we don't know but at least they will set some amount to put inside.

The truth is most people simply do not have any money to invest, in fact most of them are living above their means and they are spending more money than what they earn, this is the reason the pandemic has hit so many small businesses and families so hard, and I do not need to look very far away I just need to take a look at my friends to know this, I have always been very careful with my money because I know that an economic crisis can happen at any moment and as such I avoid debt as much as possible, but my friends are not like that and they were heavily indebted and then they lost their jobs and as you may guess they got desperate because of the situation they were facing.

So people like that are not really thinking about investing in anything and that includes cryptocurrencies, they are thinking on where are they going to get enough money just to survive and the problem is that the economic crisis came with a pandemic and each one of those crises are reinforcing each other and making each one of them worse than what they will be on their own.

[cryptoboss2020]

btc was made to test out the system its not a final product i belive so.

the real crypto must be more easy ...how you would explain to your grand mother who is 80 years old to use bitcoin lol??
its impossible and to discrimnate people becouse they dont have skills or maybe even internet access ....

the crypto as its now its not ready to go the masses the world rulers got to have some better currency for us easy to use and secured.

[arwin100]

On my own opinion still nothing since its not been adopted by the government yet and so many people doesn't know or doesn't trust this since this is new to their knowledge. Maybe we can agree with it that it changes something once government agrees to pick it and they will start collecting tax on it and also certain regulation ruled to make the life of crypto users easier.

[exstasie]

the real crypto must be more easy ...how you would explain to your grand mother who is 80 years old to use bitcoin lol??
its impossible and to discrimnate people becouse they dont have skills or maybe even internet access ....

Those are practical problems today, but they won't be decades from now. The dinosaurs who are incapable of understanding Bitcoin won't be alive all that much longer, so that problem will just fix itself over time. To a certain degree, the same can be said about internet infrastructure. Just look at how quickly internet access is growing:



Protocol and software maturation will improve ease of use and build on existing network effects over the same time. Basically, Rome wasn't built in a day. This stuff takes time. Decades.

[elitium.io]

When the system keeps failing with every single problem, maybe that system needs to be fixed? I mean we are talking about people getting screwed over and over again in their lifetime, one person who was born in 1980 would be 40 year old today and has seen 3 major and 1 minor crisis with 1987, 2001, 2008 and now in 2020.

Maybe if the whole world worked towards making the poorest people a bit richer so that even the poorest people in the entire world could get the best education and best healhtcare, that way we could make sure that nobody would ever be over 50-100 billion dollars worth but also at the same time nobody would die of starvation or they had to ration their insulin or anything so simple that it could be prevented. I agree that governments would take your tax and maybe "buy" stuff for government 100x more expensive from their friends and steal public's money, but that is also another topic.

You are hitting the nail on the head with education.

Instead of gifting somebody a fish, teach him how to fish himself.

[wxa7115]

btc was made to test out the system its not a final product i belive so.

the real crypto must be more easy ...how you would explain to your grand mother who is 80 years old to use bitcoin lol??
its impossible and to discrimnate people becouse they dont have skills or maybe even internet access ....

the crypto as its now its not ready to go the masses the world rulers got to have some better currency for us easy to use and secured.

Just a question what it's so difficult about bitcoin that you think people cannot understand? People use cars all the time even if they do not know how they work, the important thing is that they can drive safely and for that we have classes and the same can be done about bitcoin.

The first step is to download a bitcoin wallet, that is not difficult at all that people have been doing this for a very long time, the next step is to verify your download, I know that people don't do this normally but if they are using bitcoin or any other application that is related to money then they need to verify their download, then the next thing is to create a wallet and write down their seed words, this is not difficult either, finally the only thing that they need to do is to buy some bitcoin and there are many reputable exchanges where you can do that, finally if you want to receive or to send bitcoin you only need to copy and paste an address and that's it, so tell me in all of that process what part is so difficult that people cannot do and that needs to be easier?

[finaleshot2016]

On my own opinion still nothing since its not been adopted by the government yet and so many people doesn't know or doesn't trust this since this is new to their knowledge. Maybe we can agree with it that it changes something once government agrees to pick it and they will start collecting tax on it and also certain regulation ruled to make the life of crypto users easier.

The ways of our earning profit in cryptocurrency doesn't depend on the government so it can benefit us even they're against it. As long as the government doesn't implement any restrictions on using cryptocurrency, we can freely use it and I guess that's enough. But I agree with you that adaptation to cryptocurrency will make people believe in its potential and features. I guess the key to stopping the scam accusations on bitcoin is the government's initiative to use it. The only possible way of collecting tax is through local wallets, so I guess it'll be an advantage for them that the government will gain more growth for the economy.

My opinion about this great reset, cryptocurrency will be very beneficial especially now where it will reach 12k$ mark even there's a current pandemic. What more if a great reset happens, the users of cryptocurrency will grow and the possibilities of BTC price pump will become high.

[elitium.io]

Happy to see that the mainstream media picked up our article and pushed the discussion:
https://www.investing.com/news/cryptocurrency-news/what-role-will-crypto-play-during-the-great-reset-2272327
https://www.newsbreak.com/news/2043616017443/what-role-will-crypto-play-during-the-great-reset

Open discussion is what we need... When do you think bigger newspapers and TV will start reporting and deliver answers?

[cryptoboss2020]

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.

the only things are chaning are some get poor some get rich or richer few laws few rules chainging but the world is not going to end.

[magneto]

The "reset" that you're talking about will inevitably come. No doubt about it.

And I do believe that crypto, probably BTC in particular, will at the very least be seen as a bridging currency if fiat systems around the world do collapse. Keep in mind that is the worst scenario, as Bitcoin and other blockchains are more than capable of handling day-to-day transactions as a permanent medium of exchange as well.

It's difficult to time when this transition will come though. I remember Mike Maloney and a lot of other goldbugs predicting within the 2010 decade, which obviously did not materialise. Instead of trying to precisely conjure up a date for when this transition occurs, I think it's far better to continue to dollar cost average and diversify out of assets that are dependent on the fiat system - this includes cash, cash equivalents (e.g. Treasuries, bonds), preferred/common stock etc.

[atjiat]

At least for the entire time of my use of cryptocurrency, I have not changed my views regarding the cryptocurrency market, which means that all investors who have decided to invest in cryptocurrency during the pandemic will remain with cryptocurrencies forever. And if this trend continues, then after the big reboot, that period will in any case be the most beneficial for the entire community and the cryptocurrency market.