There is possibility of great reset and bail out by crypto holders

[Waldorf77]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

[1714764743]

1714764743

[o48o]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

Except you don't transfer ownership rights for physical assets by transferring the NFTs. That's an illusion sold by people who are trying to hype you some scam.
There are ton of laws that comes to way but in short, that's not backed by any law, or if you found a way to do that, token would just be in a way, because there would be real paperwork
and your id needed for transferring real estate contract, or company shares for example.

In the future nft as an official certificate could work but there are many hurdles to cross before that's real.

[Waldorf77]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

Except you don't transfer ownership rights for physical assets by transferring the NFTs. That's an illusion sold by people who are trying to hype you some scam.
There are ton of laws that comes to way but in short, that's not backed by any law, or if you found a way to do that, token would just be in a way, because there would be real paperwork
and your id needed for transferring real estate contract, or company shares for example.

In the future nft as an official certificate could work but there are many hurdles to cross before that's real.

Depends your Country don't forget any soveign asset can taken away by foreign military forces learn history and when the assets are on blockchain they are not depended of their country laws or rules.
Remember in history some banks just disapered aswell.
Remember al capone ? alchol was not allowed
It's a matter of fact i don't and not any smart not trust their life and wealth on goverment hands.

[hatshepsut93]

For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

All those fiat stablecoins do not have any different macroeconomic properties from other forms of fiat. They are not stable in their real value, they are stable in their exchange rate with their fiat pair, or at least supposed to be. They can't be a backbone of any sort of financial revoultion.

As for the great reset, it's just a hype narrative for promoting cryptocurrencies. The governments will never allow this to happen and they have all the power they need to stop it. And they won't hesitate to use that power if they will start seeing crypto as a threat.

[adzino]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

The banks and the current  "financial" system isn't going down anytime soon. The government won't let that happen. Neither can everyone jump into "NFTs" or use crypto currencies as mainstream curreny. You are suggesting people to use USDT, BUSD, USDC and other stable coins. You do know that those coins are also somewhat centralized? The USDT and the USDC that you are talking about are in fact backed by fiat USD currency. So if fiat goes down, so does the stable coins.

[pinggoki]

Of all the solution that they can think of, they will end up with NFT? That's probably the craziest thing that I've heard for a long time now and I don't think that the government will ever consider that possibility of using cryptocurrency for their bail out, they still have the people of their country to have them shoulder the burden and they've done it in 2008 recession so what's stopping them from doing the same thing all over again? Why save the people now from the economic problem now? Whatever you think what the great reset is, it's not what it is because it's not going to benefit many people I am sure of that.

[Porfirii]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

Except you don't transfer ownership rights for physical assets by transferring the NFTs. That's an illusion sold by people who are trying to hype you some scam.
There are ton of laws that comes to way but in short, that's not backed by any law, or if you found a way to do that, token would just be in a way, because there would be real paperwork
and your id needed for transferring real estate contract, or company shares for example.

In the future nft as an official certificate could work but there are many hurdles to cross before that's real.

Depends your Country don't forget any soveign asset can taken away by foreign military forces learn history and when the assets are on blockchain they are not depended of their country laws or rules.
Remember in history some banks just disapered aswell.
Remember al capone ? alchol was not allowed
It's a matter of fact i don't and not any smart not trust their life and wealth on goverment hands.

It's not that the coins are not dependent of their country laws or rules, but that real estate is. There are very clear laws on how one can transmit the property, in my country it is via notary public and property registration. They won't be able to seize your NFTs (or yes, who knows), but rest assured that they can kick you out of your house.

[hyudien]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

The question is, is the NFT you currently own still worthy of being a promising store of value?
In my opinion, it is more effective to store wealth assets in property or in Bitcoin. The Fed doesn't need to bother using crypto as a bailout because as long as the financial system they currently have is profitable, it doesn't matter whether conditions are good or not because bad conditions don't apply to the Fed. The impact is only felt by society, but if sensible people still have debts in the bank and we still need fiat to pay for a slice of pizza then who is the stupidest?

[Uruhara]

I don't think NFTs can be used as an analogy in this case at all. However, the government is starting to shyly enter the world of blockchain by creating a CBDC, which is actually a step that makes the government closer to crypto. They are just embarrassed to admit that crypto and bitcoin also interest them. So they try to match this by creating a CBDC. But actually it's just the same thing as regular fiat. It's just that transactions are easier to track because they use a blockchain system. The current centralized banking system is not doing well. But the government has always been able to fix it so far. It's just that what needs to be improved now is the world economy and the humanitarian crisis which is increasingly being ignored. The current economy is slowly continuing to decline. Even fiat becomes more volatile when compared with other countries' currencies. Which means that the economy of all countries is currently far from stable. Everything is in shock and is trying to survive so as not to be knocked down (inflation).

[Freddie Boyer]

What must be saved first is our efforts to get decent and sufficient work that you can easily enter the world of investment.

So, regarding what you said above, we as users who don't have the capacity just follow developments and choose which one suits our investment situation and conditions and always update the news if there are changes.

[Husires]

If the current financial system is bad, then USDC, USDT, BUSD... Paxos is a representation of that system and it is one of its bad aspects, as the authority of the central money has moved from an official body that attaches importance to the opinion of investors to companies that print thousands of currencies without a monetary cover and whose primary concern is profit. Stablecoins should have no value as more than just a method of trading or the financial system that emerges will be severely distorted.

[michellee]

Despite this, people still use banks for their transactions and have not used crypto for transactions. This is because many governments have not legalized the use of crypto as a means of payment. The government could use crypto as a bailout but that is still waiting for its time.

Indeed, state assets can be taken by foreign military forces. But the government will definitely not let that happen. They will definitely protect their assets from takeover by foreign military forces. Yes, the fact is that even now, there are still many people who trust the government. Because after all, we live in a country that has a government that regulates everything.

Like it or not, that is what happens in many countries. We can only accept it. But we are lucky that the government still allows us to use crypto as an investment. And that is what we must use for our benefit. If the government finally allows and legalizes crypto, we will be ready, including using everything related to crypto.

[Antotena]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

NFTs are not how they were back then in early 2022, the interest is no longer there and most of the ones bought at higher prices has lose 10x of their value, I really wonder how you think such assets can be use as bailout by the banks. Even the new projects that are trying to get investors attention don't like to invest in them because it's seems to be noise and nothing serious about it. Some people even think NFTs are now use for money laundering.

Stable coin are centralized assets and there is no difference between them and the fiat you use on regular basis because they can redeem into equivalent of 1:1 in fiats, now what's the difference is it making from the banks? I guess we are still going back to where we left initially. I even doubt if the banks have the power to do that unless they have the support team of the CBN fiscal policy, they can't do anything or act on their own.

[Waldorf77]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.
We have high possibility that the fed and other ones might looking for solution and they might use crypto to bail out.
with NFT -s it's simple you give real physical asset  ownership rights to nft owner.
For USD funds, everything goes usdc,usdt,busd...paxos usd and all the others.
Crypto owners might save the world in return they get the assets like real estate.

NFTs are not how they were back then in early 2022, the interest is no longer there and most of the ones bought at higher prices has lose 10x of their value, I really wonder how you think such assets can be use as bailout by the banks. Even the new projects that are trying to get investors attention don't like to invest in them because it's seems to be noise and nothing serious about it. Some people even think NFTs are now use for money laundering.

Stable coin are centralized assets and there is no difference between them and the fiat you use on regular basis because they can redeem into equivalent of 1:1 in fiats, now what's the difference is it making from the banks? I guess we are still going back to where we left initially. I even doubt if the banks have the power to do that unless they have the support team of the CBN fiscal policy, they can't do anything or act on their own.

Let's not go into that extreme but something about NFT could be the plan of goverment why else they created blockchain then off course when the time is right they make moves.

[justdimin]

NFTs are not how they were back then in early 2022, the interest is no longer there and most of the ones bought at higher prices has lose 10x of their value, I really wonder how you think such assets can be use as bailout by the banks. Even the new projects that are trying to get investors attention don't like to invest in them because it's seems to be noise and nothing serious about it. Some people even think NFTs are now use for money laundering.

Stable coin are centralized assets and there is no difference between them and the fiat you use on regular basis because they can redeem into equivalent of 1:1 in fiats, now what's the difference is it making from the banks? I guess we are still going back to where we left initially. I even doubt if the banks have the power to do that unless they have the support team of the CBN fiscal policy, they can't do anything or act on their own.

I just wish people would understand that USDT=USD in fact it's even worse because you are not trusting a whole government that is probably strongest economy in the world but instead you are trusting a company. That has been the case ever since it was created and unfortunately people still trust USDT like crazy, no idea why.

There are tens of billions of dollars that went into it, and that means the moment the company says "whoops we lost it all" that is going to grow and when that finally happens one day, tens of billions of dollars worth of money will be taken from people and they will have nothing they can do, it's all gone. I can't understand why people are ending up with something like this, they need to think better.

[sunsilk]

Crypto owners might save the world in return they get the assets like real estate.

I am sure that there were many of us that have already sold their cryptos to buy real estate assets. And that's part of the diversification that they're doing and to reward themselves as well as shelter is one basic necessity.

Let's not go into that extreme but something about NFT could be the plan of goverment why else they created blockchain then off course when the time is right they make moves.

They're too late on the game if they're looking forward to get along with NFTs. What they're up to this time is about the CBDCs and also the possible approval of the Bitcoin ETFs and ETH ETF.

That's what they're trying to get busy nowadays and we're likely done with the reset and that happened during the covid-19 pandemic.

[bluebit25]

any common sense person can see that our banks and all the financial system not well.
and you can't stop fire with more fire.....so some new solution is required.(...)

The game or competition for market share in the cryptocurrency market is becoming bigger and bigger. Large funds and organizations are making their own moves in this field, and it is considered part of the financial market. But what is being discussed will probably not be the key to unlocking this problem, as the general situation of the economy faces different challenges. Now things are happening unpredictably, so we cannot guarantee the opportunities they bring.

The IoT scenario is as far away as we are from adoption, although compared to the past, this change brings extremely useful improvements. Remember that technology is not the core of life's operations, and its nature is similar to economics, the part of life that brings about human connection.

[South Park]

NFTs are not how they were back then in early 2022, the interest is no longer there and most of the ones bought at higher prices has lose 10x of their value, I really wonder how you think such assets can be use as bailout by the banks. Even the new projects that are trying to get investors attention don't like to invest in them because it's seems to be noise and nothing serious about it. Some people even think NFTs are now use for money laundering.

Stable coin are centralized assets and there is no difference between them and the fiat you use on regular basis because they can redeem into equivalent of 1:1 in fiats, now what's the difference is it making from the banks? I guess we are still going back to where we left initially. I even doubt if the banks have the power to do that unless they have the support team of the CBN fiscal policy, they can't do anything or act on their own.

I just wish people would understand that USDT=USD in fact it's even worse because you are not trusting a whole government that is probably strongest economy in the world but instead you are trusting a company. That has been the case ever since it was created and unfortunately people still trust USDT like crazy, no idea why.

There are tens of billions of dollars that went into it, and that means the moment the company says "whoops we lost it all" that is going to grow and when that finally happens one day, tens of billions of dollars worth of money will be taken from people and they will have nothing they can do, it's all gone. I can't understand why people are ending up with something like this, they need to think better.

They simply do not know what they are doing, we know that countries are not to be trusted when it comes to the use they give to their fiat currencies, but at least through history countries have always been more stable than companies, so those trusting a stable coin are just compounding their problems, as now they could lose their money not only if the government behind that fiat collapsed, but now they can lose it as well if the company that created that stable coin collapsed as well.

[Captain Corporate]

I am not entirely sure if its a "paid spammer" type of topics by the owners (theymos mainly) who hired some people to keep writing topics. After all, we have to be fair and say that the amount of users here are not a whole ton, theymos made enough money (literally thousands of bitcoins) from donations so he has all the incentives to keep this forum going, but he also doesn't want to see it die, there are few hundred people at best, and sometimes we do not start topics. Why am I saying this? Because a topic like this could only be opened by someone who just opened a topic for money or something, I mean this is so terrible that no human would do this for actually sharing opinion, it must be paid to spam and start new topics, there is no other excuse for such terrible opinion topic.

[kentrolla]

No way, How did you even arrive at the conclusion that NFT and stable coins can be a bailout which government can use? Even within the crypto domain NFT is the most useless thing and biggest scam where people were investing big time of illusion due to the amount of hype it has created. Even if government decides something like this then they would consider creating their own digital currency instead of using Crypto. Those stable coins which you have mentioned doesn't have a reserve for the amount of usdt they hodl.