There is possibility of great reset and bail out by crypto holders - page 2.

hyudien

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Leading Crypto Sports Betting & Casino Platform

Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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?

Porfirii

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Quote from: Waldorf77 on November 23, 2023, 05:02:18 PM

Quote from: o48o on November 23, 2023, 04:43:04 PM

Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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.

pinggoki

sr. member

Activity: 1666

Merit: 426

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.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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.

hatshepsut93

legendary

Activity: 3024

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Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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.

Waldorf77

jr. member

Activity: 260

Merit: 2

Quote from: o48o on November 23, 2023, 04:43:04 PM

Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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.

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

Quote from: Waldorf77 on November 23, 2023, 03:32:50 PM

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

jr. member

Activity: 260

Merit: 2

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.

Topic: There is possibility of great reset and bail out by crypto holders - page 2. (Read 245 times)