Topic: What Role Will Crypto Play During ‘The Great Reset?’ - page 3. (Read 648 times)

common reaction of people when a global catastrophe strikes lol they always think of the worst case scenario. Indeed that the world is crumbling facing this pandemic but every country's economy is built to withstand a huge problem like this, and wealthy countries are supporting any one whose having hard time dealing with it. I just laugh when I see people concluding that there will be zombie apocalypse this year lol, just like this an overly reaction from what is happening. The great reset should be taken literally, as in literal reset, we go back in time, and push the man who ate the bat soup and reset the year 

But I don't think the fiat system will fall apart, when it starts to be not effective the government will just change it to a new modernize system and that is what we are having right now, the CBDCs.

The economies of almost all countries are now falling very strongly and therefore the onset of a severe global economic crisis seems inevitable. In this case, a decentralized cryptocurrency, as many hope, should become a reliable safe haven to protect people's savings from inflation of common currencies of states.
 It so happened that the cryptocurrency appeared after the last economic crisis in 2008. This will be the first global economic crisis in which a decentralized cryptocurrency will exist. Therefore, it will be a good exam for cryptocurrency. It looks like she can handle it successfully. We can already observe certain signs of this.

The global economic crisis is always unpleasant, but this one will be particularly hard because of the pandemic. My husband and I were supposed to spend the next semester in Finland and spend all our savings on this trip which could be important for my career. We could not get our visas in time, so we aren't going, but the idea of spending savings remained (because they can lose their value or the bank could announce bankruptcy any time). So we're going to buy something costly (Valve Index), and then keep some money is local fiat, USD, EUR and BTC to minimise the risk of losing it all. I don't expect the next year to be easy, but I think we'll be able to get through it.

And that's the part of bitcoin I love the most, that it's not a product of governments or banks.

But as far as this "reset" goes, I think it's an enormous overreaction to a virus that's being touted as being far more deadly than it really is.  The reaction the world has had to it is quite real, but it's over the top.  People aren't quarantining themselves anymore, at least not where I live, and most folks are barely even keeping six feet apart anymore.  They've had enough of this bullshit, and it shows.

I don't think bitcoin is going to gain or lose because of the COVID-19 pandemic.  People still aren't using it as a currency, and they're not going to unless the entire fiat system falls apart--and if that happens, things are going to get so ugly that we'd probably be looking at a Walking Dead situation, where guns and food and land all that stuff are the most important things to own.

I think bitcoin will play a great factor during the great reset. Bitcoin has been acknowledged by different countries now, although not totally in the form of currency, but i know someday in the future, it would have a big role when systematic change would be imposed and economies would be revamped.

I think bitcoin would be the escape of the people since it has a decentralize nature and offers cross-border transactions which is very convenient unlike those of the banks with high exchange rates. This could be a nice investment because of the said nature since if ever great reset would happen, people can't invest their money in dollars or whatsoever since it would be monitored.

The great reset has been pushed by different leaders, investors, and enterpreneurs from WEF. Earlier this June they proposed a reset to the system's economy, globally. Their objective is to be more approachable to the working class and to be more on socialism side than capitalism.

It's a great aim somehow since this would reduce the disparity when it comes to wealth and would invest more to people and the environment. However, it's also risky since the one who's going to control is the government which has so many imperfections in the first place. Tyranny could happen and corruption as well. We don't really know. They actually took advantage of the current pandemic crisis to push this and centralize things out.

I understand where you are coming from and I agree that the elite will try to take control again... But only until a certain point, they are only powerful as long as the masses perceive them as powerful and keep playing the victim role.

Like Elon Musk said in Joe Rogan interview:
Corona showed us, "if nobody is producing shit, there is no shit".

Unification and self empowerment is key. They will play that game until it reaches a point where people have to wake up and dont tolerate this anymore.

The shift is happening anyway, the only thing we can decide is if we want to watch it or start taking action and realize this unique opportunity of wealth creation. Resourcefulness is the first step to have an impact!

What is your take on this?

LOL thank you... It's when the gen. pop (not prison system) starts to realize the power of it. I found crypto cards like Wirex and Elitium to be good for consumers and HNWI to really help move adoption. Gotta get my pops one of these.

I hope your dad will find greatness as he starts to study about bitcoin. Personally, if ever it comes, I'm not prepared for it but I've got to do something and all of us so that if it comes we have made ourselves prepared for it to start facing it.

And if that time comes, the role of crypto will be big mostly to those who are just sitting around, holding, and watching what will be the stand of the economy. It's a sign that we have our plans or alternative solutions to flee from that reset like I've said only if times permits.

I agree that digital finances will be the solution, but the crypto won't. While Bitcoin isn't legal in some countries, it isn't possible.

For those of you at option 3, ZeroHedge just picked up the article for you to FINALLY understand

https://www.zerohedge.com/crypto/what-role-will-crypto-play-during-great-reset

Ehhh? A Great Reset? Tbh, right now? Even with the quarantine period and lockdowns that happened, most people are still going about their lives normally. Heck, even students are going on about e-commerce right now, mostly those that have the opportunity to start one anyway. Why would I even be ready for something pretty much non-existent? People call it the new norms, but really, it's just a matter of time imo for such changes to happen, especially since this "new normal" is just basically us being reliant on technology to achieve what we normally do.

Even if there was a Great Reset, people wouldn't remove themselves from a centralized organization. qol improvements are what centralization offers afterall imo. Decentralization is great, but it's only used in specific situations, and as such, doesn't really warrant the complete overhaul of the centralized government we have right now.

If there is really a great reset. People will always find alternatives and we seen so far that there are many
people who are involve inside this market.
With something like this to happen but probably I'm doubting, but ho knows. I guess people will continue
to invest to this new alternative investment currency.
They will see the big benefits and the potentials that it can help them surviving into this new kind of setup.

The new world that we are facing is not that further away from the one we used to have neither. Even from 90's to today there are not that many changes, the thing is those "changes" are the changes that always happened. There was a 2000+ year old tablet about someone talking regarding the youth not acting properly and the new generation being disrespectful. Even 2000+ years old each generation their own culture.

So, obviously the finance world has to face the fact that if they continue exactly the same way as they have so far, they will lose all those generation Z and so forth. Which is why I feel like all these changes to financial world even if not as a company but as a general market thing, is all due to the fact that people would be willing to do their own way instead of working for someone else.

Agreed, we are already seeing the crash between two different ideologies of how the economic system should work, and in the case of a huge economic crisis this battle is only going to intensify, it is obvious governments are going to push for centralization, this is what they always do however the people after seeing that it was the corrupt politicians and bankers that brought this situation will try to bring decentralization to the table.

Which one will win? It will depend on how profound the crisis is, if the crisis is bigger than the one we saw in 2008 but smaller than the great depression then centralization may win, but if the next crisis is even bigger than the great depression, and I mean really bigger and not what the lying economists say about the current crisis, then we may see decentralization winning.

Currently, the movement of crypto prices are very promising. It means that there are many people in the world think that crypto will be an alternative investment during "The Great Reset". They can't invest their wealty in Dollar and Stock. In "The Great Reset" era, almost everysides of world economy are affected by Covid-19 cost but Bitcoin and others still shows us the positive thing. People believe crypto can be good investment for future and will survive until the world recovery although in the worst position.

Don't you think the article will lead to concluding that Bitcoin is created by the government for the purpose of this Great Reset you are talking about?
I haven't really thought that far enough that there will be reset and new format and a new nation will be dominant but whatever this reset is. The future will be bright for those who have crypto assets on their wallets.

I love the 50/50 divide in the poll. If you're a part of option 3, please read the links I published lol

You serious? That is exactly what's happening. Check out the second citation in the article. It's focused on a big capitalist movement but this is the time where people who can find opportunity in this can flourish. Those people are in CRYPTO!!!

will there even be any "great reset"?
i think not.

there has been multiple times where there was room for such reset and rebuilding of the economy and society free of corruption but the world didn't go that route. instead they stuck to the same corruption, bailed the worst of them out and let them continue scamming people and people don't seem to mind or even remember all this.

so no, there won't be any great reset for bitcoin to play any role in it. and bitcoin will remain the exit option that only the enlighten will take.

Yes, trust in stats and numbers but also find the value in people providing insightful information to your benefit. A huge value proposition people need nowadays is a reliable source of information versus a new economic system. Mass media is congesting the transparency of what's happening and it's becoming far too saturated with BS articles. As we see many "WHY ISN'T THIS BEING COVERED" lasting 20 mins on social media, it goes back to the drawing board.

I think opinion pieces from thought leaders will push for people to engage in further discussions as you can share your thoughts and provide feedback to those seeking it. As you said, trust in math, but also trust in certain people that are providing transparency, as the blockchain does