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

[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!

[1714642999]

1714642999

[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....