The Way I see how the World is Going and crypto

[cryptoboss2020]

Looks like government all over the world lose trust and credibility together with central bankers.
Even those who are in government can see this.
Soecially the financial collapse is coming becouse you can't just keep printing.

But somehow the people need to exchange for goods and services.
And until there is something better I think all over the World the all crypto will be accepted as payment methods

The bankers and government officials can sense this and they might collecting crypto right now.
We might have a situation all over the world like when everybody will be on their own. ( you pay Zero taxes only pay for military and Police for Protection and health care and thats it)

Government will provide only Police and Military services just for the people that they dont kill over food and another things each other.

But any other support from government not Coming to people.

This is what I belive and Even they keep close the economy to prevent the luqutity run out and super hyperinflation I belive this time they can't control anymore and they can't keep up with the time to create CBDC currency as fast its needed.

And they know that so I guess all the crypto value in the future will be enourmous.
Becouse just Before the proper system will be created we all gona use just  btc eth maybe usdt dai usdc tron...  Ltc...  In other words all the crypto will be good to use it becouse governments are about to collapse and Bankcrupty so we will not have the Central governance for some time in life.


The Future is crypto military and public safety business industry all other business industries will depend on them.

But in near future it look like everybody will be their own and the survive depend on how much crypto you have.


My conclusion is this becouse collapse happening faster they can implenent new sustainable system.

For few year temporary good the bitcoin will do the work

Now I get it Why they call bitcoin Plan B
THE PLan A is the CBDC  but I dont think they have time enough to create it.

[Gyfts]

The bigger financial players, probably a lot of them in China/US started using Bitcoin a while ago, this probably tells you that they recognize crypto is the future. My hope has always been that crypto competes with fiat because crypto can act as a safety net in case fiat currency crashes.

For example -- imagine if the people in Venezuela had crypto as a back up for when the oil markets crashed...I'm sure people would not be eating dogs from the street to survive. If people in the EU and US mass adopt bitcoin, maybe it might convince their governments to stop printing money like it grows on trees. Wishful thinking, I know.

[franky1]

governments will keep a FIAT, sorry just fact.
they need the controls.

when they print money. yes it means the citizens are in debt. but when that printed money is passed onto car dealerships, real estate agents. that printed debt is then classed as a gain on the governments GDP because the receiver of the funds has gained value.

this increase GDP means they can collect lets say ~20% tax on the new higher amount of currency floating around. so again governments win. more treasury money to syphon from.

if a government adopted a crypto they cant control. if crypto-loans were made by investors putting crypto into a loan collateral pot to be leased/borrowed from. they cant increase the GDP as its just the same maxcoin limit circling. thus no growth

governments like inflation. if they owe $1trill in 2008 which is a 500bill bread loaf value. inflation means that when they start paying back the debt they no longer owe 500bill loaves of bread. but a value equivelent to 400b loaves of bread. making it cheaper to pay off the debt
they can then extend the debt. by taking out another loan for 400b loaves of bread to pay off the first debt. and in 10-15 years only need to take out a 300b loaf debt to pay off the second debt (its called quantative easing).
monetary wise it appears as d1= $1trill d2=$1.2trill, d3=$1.6trill.
but bread value its actually d1=500b loaf, d2=400b loaf, d3=300b loaf

yes citizens are stuck with debt at above inflation interest meaning they end up paying back more bread loaf value than they got. but thats just the cost of the government offering citizens this 'service'

governments will not adopt a financial system that they cannot control and that wont benefit the government reducing its bread loaf debt

so dont hope for bitcoin to become the 'new world order single currency'.. sorry it wont.
accept that bitcoin/crypto will be a side currency (like offshore bank) where people have a separate option to place their value into.
(and yes even politicians personal value will be put into these offshore currencies)

[franky1]

And they know that so I guess all the crypto value in the future will be enourmous.

crypto valueprice will be enormous

take 2012. lets say bitcoin was $6 and a loaf of bread was $2
bitcoin was 3loafs
fast forward to 2021
bitcoin is $42k (7000x)
.. but.. bitcoin is not 21,000 loafs(7000x)

bread is now $2.50 meaning only 16,800 loaves of bread.
hyper inflation will make bitcoin $2mill.. but it wont buy you 1m of bread.
if inflation peaks at say 10% a year.
at year 10 it only gets you about 350k loaves of bread for a $2m btc, compared to getting you 1m of bread if btc was $2m in 2012 value.

or more specifically.
if bitcoin was $2m today 800kbread
                   it would be 280k bread in 2031 if bitcoin was $2m in 10 years with 10% inflation.
                                     86k bread in 2031 if bitcoin was $2m in 10 years with 20% inflation.
                                     22k bread in 2031 if bitcoin was $2m in 10 years with 30% inflation.

[Rruchi man]

Socially the financial collapse is coming because you can't just keep printing.

Government is a continuous process and the people in government for as long as they want to remain in control will never allow physical cash to be out of circulation. Secondly, i believe that the era where the world will be free from physical cash and completely accept crypto is in the very distant future lets say 100years, because if you consider the situation in the under developed and developing countries, you will see that a completely digital age without printed physical currency is possible, but not just yet.

[Mauser]

Socially the financial collapse is coming because you can't just keep printing.

Government is a continuous process and the people in government for as long as they want to remain in control will never allow physical cash to be out of circulation. Secondly, i believe that the era where the world will be free from physical cash and completely accept crypto is in the very distant future lets say 100years, because if you consider the situation in the under developed and developing countries, you will see that a completely digital age without printed physical currency is possible, but not just yet.

I agree with you, the only war for physical cash to stop bring used is if the government has full control over it. Without having the possibility to change the money supply it becomes very hard for government to deal with the budget every year. The printing press is an important tool for all governments.

[boyptc]

Now I get it Why they call bitcoin Plan B
THE PLan A is the CBDC  but I dont think they have time enough to create it.

They have all the means of time to create it. CBDCs are rolling out, try to look for those certain news for that topic and how many countries were have already announced their venture on it.

Anyway, where you have heard about bitcoin being a plan b?