My Perfect View of the new economy | Bitcointalksearch.org

actmyname

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Quote from: highlandspring on January 07, 2021, 06:22:27 AM

Imagine the damage to any economy that adopted bitcoin as its currency, it would be hugely squeezed.

Like the unbanked individuals which have no safe way of storing their wealth or the people whose national currencies are so hyperinflated that they had to turn to a digital one for refuge?

Local economies matter as well - after all, the culmination of the various businesses result in the aggregate economy most people refer to when they talk about "the economy".

For a thought experiment, replace the term 'bitcoin' in the quote with all sorts of other words and see how your opinions change.

highlandspring

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Imagine the damage to any economy that adopted bitcoin as its currency, it would be hugely squeezed.

Leviathan.007

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Regarding the USD stable coins you named here, we all know what happened to usdt years ago, the marketcap is huge but the team behind it is not honest to people what's why as you said here, I would say usdt will fade over time and usdc will take the place mastercard and visa card is not usable in some regions so they will fade out and people will use crypto for the online payment more often. Also the old traditional banks should evolve and step into blockchain or they will fade out from the economic system.

tabas

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Quote from: cryptoboss2020 on January 05, 2021, 08:32:46 PM

Quote from: tabas on January 05, 2021, 05:56:09 PM

The government has a lot of infrastructures but it isn't for the purpose of making a stable coin. Do you think that the government will take your advice?
Why a need for infrastructure if most of the crypto projects have been built even without infrastructure. Maybe some of the altcoins that we have started on their garages having their computers and miners.

The government will do how is most beneficial for crypto holders....

Why? becouse... they need means of payment the new money.
They need people who got experince in crypto and they need blockchain... but they need experinced people so they will do some very beneficial deals

In the history government needed bankers and banks to handle their money....
Now very soon they need people who been in crypto...

That is why there's already CBDC that is rolling out in some countries. In the US, I don't know if they already have one or they're going to use Facebook's Libra which has been said about to be rolling out soon. But I don't think that they will be like that as you're describing.
Cryptos are decentralized excluding the stable coins that have centralized power and can print more money. That kind of treatment you describe, I don't think they'll do.

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Quote from: maxreish on January 05, 2021, 07:18:28 PM

It is always easier said than done. Governments will consider many things from using stable coins rather than own country's fiat money. And I don't think they'll gonna agreed upon that of stable coins being used with no fees.

You have such a good idea and suggestions OP but it is hard to implement this in reality. I'd also want to say that I like your advice since stable coins bridge the gap between the fiat money and cryptocurrency. I remember tether linked to the US dollar. Is this benefit their own economy?

I think stable coins is the reason that people look at regulation as possible thing to do in the use of bitcoin. The government also might want to have a taste of the stable coin to try the regulation but that won't be easy because fees are to be generated or charged at transactions even in fiat. Therefore, in the situation of the use of stable coin to regulate bitcoin, where will charge be generated or taken from.

cryptoboss2020

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Quote from: Mauser on January 06, 2021, 05:28:09 AM

This sounds to good to be true. I hope the future will look similar to your proposal. We made it so far with technology advancements and can use the PC and Internet everywhere around the world. You are right to ask for free transfer of money. Why should be still pay euch high banking fees? The banks need to evolve and be more competitive.

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Mauser

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This sounds to good to be true. I hope the future will look similar to your proposal. We made it so far with technology advancements and can use the PC and Internet everywhere around the world. You are right to ask for free transfer of money. Why should be still pay euch high banking fees? The banks need to evolve and be more competitive.

actmyname

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Quote from: jacafbiz on January 06, 2021, 05:11:34 AM

What I see in coming years is that there will be two blockchains, one that is controlled by Banks but merged with the public chains and another is the public chain that is controlled by people, but the value will be held more on the public blockchains, no one will trust all these bankers and government to control their finances

I would rather avoid this type of conjecture based on a sweeping argument. Moreover, the notion of, "no one will trust all these bankers and government to control their finances," is nice for Bitcoin but certainly not an absolute. Through necessity, culture, or other ideological premises, some entity could control an aggregate chain that is more powerful than a public chain.

As for governments? I'm not much for them but the social contract of giving up freedoms for reciprocated order doesn't have to be untrustworthy: it's just the fact that the larger the government grows, the harder it would be to trust the individuals that are making changes to such a system. Consider it social inflation, a dilution of your voting power and impact on policies.

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What I see in coming years is that there will be two blockchains, one that is controlled by Banks but merged with the public chains and another is the public chain that is controlled by people, but the value will be held more on the public blockchains, no one will trust all these bankers and government to control their finances

cryptoboss2020

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Quote from: tabas on January 05, 2021, 05:56:09 PM

Quote from: cryptoboss2020 on January 05, 2021, 05:28:02 PM

Quote from: tabas on January 05, 2021, 03:01:49 PM

Sounds good and easy. But not everybody is into stable coins, they'd prefer to hold bitcoin than anything else or an altcoin that they think is a gem. Crypto for most is more of an investment these days although the use case as a payment never gets out of the league.
But it's just the majority uses it more for a store of value.

If we will have a lot infrastructure then it got be stable coin

The government has a lot of infrastructures but it isn't for the purpose of making a stable coin. Do you think that the government will take your advice?
Why a need for infrastructure if most of the crypto projects have been built even without infrastructure. Maybe some of the altcoins that we have started on their garages having their computers and miners.

The government will do how is most beneficial for crypto holders....

Why? becouse... they need means of payment the new money.
They need people who got experince in crypto and they need blockchain... but they need experinced people so they will do some very beneficial deals

In the history government needed bankers and banks to handle their money....
Now very soon they need people who been in crypto...

maxreish

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It is always easier said than done. Governments will consider many things from using stable coins rather than own country's fiat money. And I don't think they'll gonna agreed upon that of stable coins being used with no fees.

You have such a good idea and suggestions OP but it is hard to implement this in reality. I'd also want to say that I like your advice since stable coins bridge the gap between the fiat money and cryptocurrency. I remember tether linked to the US dollar. Is this benefit their own economy?

tabas

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Quote from: cryptoboss2020 on January 05, 2021, 05:28:02 PM

Quote from: tabas on January 05, 2021, 03:01:49 PM

Sounds good and easy. But not everybody is into stable coins, they'd prefer to hold bitcoin than anything else or an altcoin that they think is a gem. Crypto for most is more of an investment these days although the use case as a payment never gets out of the league.
But it's just the majority uses it more for a store of value.

If we will have a lot infrastructure then it got be stable coin

The government has a lot of infrastructures but it isn't for the purpose of making a stable coin. Do you think that the government will take your advice?
Why a need for infrastructure if most of the crypto projects have been built even without infrastructure. Maybe some of the altcoins that we have started on their garages having their computers and miners.

cryptoboss2020

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Quote from: tabas on January 05, 2021, 03:01:49 PM

Sounds good and easy. But not everybody is into stable coins, they'd prefer to hold bitcoin than anything else or an altcoin that they think is a gem. Crypto for most is more of an investment these days although the use case as a payment never gets out of the league.
But it's just the majority uses it more for a store of value.

If we will have a lot infrastructure then it got be stable coin

tabas

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Sounds good and easy. But not everybody is into stable coins, they'd prefer to hold bitcoin than anything else or an altcoin that they think is a gem. Crypto for most is more of an investment these days although the use case as a payment never gets out of the league.
But it's just the majority uses it more for a store of value.

cryptoboss2020

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Step one.
Make it with accept visa master card option.
Pax/ usdc/ usdt / maybe DAI.

Step two.
Anyone who dont have stable coins can borrow them from stable coins hodlers.
So its a p2p lending Wink

anyone need stable coins anyways in order to pay for food and cost of living.

Government will have blockchain system to detuct money instantly from the stable coin wallet If there is the paying Back date, so no stress for me If I give p2p loan the loan will be returned automaticly in my wallet.

Step 3 Enjoy the use of stable coins no Transactions fees direct payments and debit cards.

Make the infrastructure to build token based assets holding so for those who can not afford to borrow the stable coins or can not afford to pay Back There will be working Opportunity.

The Lender the p2p stable coins Lender the private iindvidual will hold the tokenz as shares of the company and will get payed % of the company work place productivity.

The End goal very sustainable development

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