Topic: The future Will be just the copy paste but on blockchain here is how (Read 117 times)

You may have some idea of where we are going with this new market we have. You may be wrong to some degree. USD may lose its value but not really against your local currency, its just the purchasing power that may lose but its still valuable. USD is not gonna lose its demand per se.

But true everything may just be in blockchain also. We're all moving digital and probabaly the other markets too like the stock market will be in blockchain as well.

This is totally assumptions, because you know quite well that government can't borrow from individual that have bitcoin in their cage in order to sort out a country issues, have you thought of bitcoin facing a competitor before? Do you know that four or five countries mighty emerg to bring a technology that will supercedes bitcoin technology, you know that government have influence and with their propaganda bitcoin can crash, so I think that some of your points are not valid.

Think about it the other way around. Few of them go with the usd and others do not. What if they change their currency due to the rise of the usd? Then everything will fail. So, understand the situation without thinking too much.

I am completely not against that it will eventually migrate to blockchain technology systems. However, believe it or not, the traditional financial system will be maintained, the aim is to maintain control over the assets owned by citizens. Governments don't necessarily migrate to CBDCs if they don't secure a functioning centralized financial system. The point is that besides the state taking advantage of blockchain sophistication, they also need to have a full monitoring system, especially the inflow and outflow of fiat.

In the next 20-30 years, when the CBDC is able to establish full control, that's where fiat finance begins to erode. Of course this process will be quite long, even with the change of heads of state whose management systems have different objectives.

You're contradicting you original post about the old system collapsing, also, going digital does not solve the problems present in the current fiat system or the expected ones in the future.

The way the printers are going crazy with new notes, we would have minters pushing out new tokens an driving it to inflation.

That's a misconception my friend, there are chances that in future USD might lose most of its current value and in that case the stable coins that are fixed at USD would face similar fate. And, if you think that there will be an official digital version of USD then that would be the worst competitor for stable coins.  All of those coins will be useless and most of the exchanges would implement the official coin of USD and would one by one unlist all those stable coins one by one.

In current times many countries are trying to stop trading with USD and they are trying to find or create another currency for trading of goods. And, if anytime they get success in that new currency than the USD will not be the strongest currency and in that case it will lose value at very fast rates. You should learn about the concept of BRICS currency, and that one might cause big damage to the current rate of United States Dollar.

USD Will be never worthless , it Will be changed to digital. And Look whos horny..to be first USA digital currency and be like new banking service ... The circle and coinbase look at them they both Are horny for that 😁 they lobby little the goverment and it can be happening
For constitutional law reasons CBDC similar like covid19 vaccines cant succeed it's violation against human constitition.
Learn the history youll see it yourself.

USD would be worthless but USDT would make people the richest on Earth  

The OP was referring to a collapse of the entire fiat system and not USD precisely, so if there's such an economic collapse cryptocurrencies would not be spared at least during the early days. After a while we would have emerging industries which would serve as the new financial system and Bitcoin would be one of them.

The problem I see is that USDT is tied to the dollar. So how can what you store USDT give you 500%? Also, Tether both conducts additional issuance and burns off the surplus.

And about the blockchain... All of your transactions will be visible like the palm of your hand to anyone interested. In other words, you will be in control at all times. And blending won't help - because you'll always be able to trace the end point.

I think I will differ a little bit because bitcoin isn’t pegged to bitcoin. So should dollar devalues then it is only the currency, it will not affect any one to lose value of there funds except those that have a reserve in dollars. The countries that also uses dollar as their currency will only suffer this impact. Imagine a country that uses Euro and pounds then it remains unaffected if it’s reserve is not on dollars and they could use this currency to buy something of value they usually do because only dollar lost its value. But since the international market uses dollar then things tagged with it will also grow in price.

Also as for the OP USDC deppeging already shows that even the so called stablecoins aren’t stable and they could be manipulated by whales easily than even bitcoin because there under regulations that affects the dollar

This is where you are totally wrong. If the government, let's say, says the USD is no longer needed and it's no longer valued, then the USDT will also lose value. Why? Because the USDT, which is a peg to the real United States dollars, is backed up by the exact USD you proclaimed will no longer have value and that it will replace.

If the USD is being devalued in the real world, then there is no doubt that the USDT, which is the digital version of the USD, will also suffer the same fate, and if the entire world economy suffers recession and currency devaluation, then the crypto community will also suffer the same thing in terms of value. That's to say, 1 bitcoin might be worth 500–1 million dollars compared to the current market price, but in the real world, what will those 500–1 million dollars be worth? 100 dollars might just be equivalent to 1 dollar, which with the current value rate, what point and difference will that be?

So in as much as we actually don't like the banking sector and the way the financial system is being centralized and managed, dumping and killing them is not entirely the best option for Bitcoin or any other crypto currency to gain the popularity we all wish and hope for.

The future Will be copy-paste but just on blockchain.
Many of you talking like btc and crypto Are some REVOLUTION. Yes it is and it is not
The Banks Fed and goverment sending our current financial world on blockchain not CBDC-S way like most of you think.
It Will be Simple way,the world works advanched of capitalists so once the old system ends then goverments have to start borrowing money from everybody who's got new money.
The new money Will be crypto off course in USA the USDC and USDT off course so goverment want to build up many things also restructuring social services.
What all need ?? They need currency the crypto...from where they get it ? They get If they borrow,so anyone who got crypto will borrow out the crypto.
The future Will be Even more debt based economy then now.
So hold your crypto tight becouse after 5 years the goverment and Banks and Even the people need to start borrowing crypto in order to get food and pay their daily expenses.
Those who hold USDT and USDC Will be richest people on earth becouse everybody Will need USDC and USDT to buy food,oil,and everything else If exchangers now offering USDT apy high as 15% apy then after 5 years it Will be 300-500% apy becouse all the world Will need and they Will fight with each other to borrow USDT or USDC becouse oil trading and commodities will be bought with only USDC or usdt the reserve currency of future.
What's most important here the same old money power openly and secretly buying crypto so in the future they Will be ready to start give out Loans.