Topic: What Role Will Crypto Play During ‘The Great Reset?’ - page 4. (Read 648 times)

As I was searching through the website, I wasn't able to understand the motive behind, `The Great Reset` completely until I stumbled upon the following lines:


So the main focus of `The Great Reset` initiative is not just bringing the global economy back on its feet but doing so by taking necessary steps so that measures remain just and fair from societal point of view. Giving away subsidy and cheap loans to business houses, printing more currency, etc etc; these steps are good from economical point-of-view but what about labors and workers? Will the benefits of these steps reach the end worker? I doubt that.
 
Cryptocurrencies have potential to play a big role in this since their value can't be negatively manipulated by issuing new units. However, in past 10 years cryptocurrencies have failed significantly in one thing: rather than bringing existing economy on blockchain, cryptocurrencies are creating new economy which is parallel to our traditional economy. I don't see two mingling each other in near future which in my opinion is making cryptocurrencies useless for solving real-life economical problems arose in traditional economy based on fiat money.

The role of calm people down. People will not trust anyone anymore since all money they ill lend to others will be lost. They will need something to trust. And best thing to trust is math.

All indicators show that we are sure to face one of the biggest recessions in the last 100 years, and the virus has only accelerated it and will make it even bigger than it should have been. All of this is really just a part of what rolled back in 2008, and the intelligent ones have long since begun to prepare for everything that has followed and for what is yet to come. However, I do not think that an apocalyptic scenario awaits us, the world is already adapting to new circumstances - and it will certainly be difficult, but people are very resourceful in the most difficult moments.

I do not see how cryptocurrencies would be a global solution to the problem, if we take into account that according to all research, less than 1% of the world's population invest or trade crypto. Not to mention that more than 40% of people in the world do not have internet access at all.

I hope your father knows what risks he faces if he wants to invest in BTC, it's not some magical way money can be multiplied just like that without doing anything.

If there is a Great Reset.

The european union, international monetary fund, world health organization, united nations, china. All groups and organizations funded by banks, and their left wing allies, will push for something resembling a centralized one world government.

On the opposition side, we might see #brexit, catalan independence. All major independence, populist, movements occurring around the world in opposition to centralized authority figures like the european union would likely prefer decentralization.

Bitcoin and cryptocurrencies would likely be utilized to push cashless society and financial engineering MMT ventures IMO. It may also be utilized to help banks and other financial institutions improve the efficiency of their financial networks as well as hold crypto as intrinsic value collateral aka gold 2.0.

I don't believe in this "great reset" thing because, in my years' experience of being an entrepreneur, this world is continuously changing. Luckily, humans are very adaptable and can survive many things that way worse than SARS-COV-2. In the worst-case scenario of a depression (economics), sure many people will suffer, but everything will bounce back, and the boom-bust cycle repeats.

As I said that crypto adoption and economic stability are not mutually exclusive, I'd rather think that the next boom cycle will bring more crypto adoption, usage, etc.

Oh, people are looking at some numbers and saying man how bad this is...
There were no stocks in 1348, but almost half of the population of Europe has died, how can someone even dare to compare that to the consequences of the covid pandemic.
Not even unemployment has reached 50%, but those were deaths!!!!!


Authors like him should take a break before publishing something and walk for a day or two around town.
Here almost everything is back to normal, traffic is again a nightmare, construction is going again full pace, people go to work, people go to parks and drink and eat out till midnight, yeah you need to put a mask I public transport and in stores but besides that, nothing has changed.
There is no reset there is no dystopia, nothing.


First, as I said, there will be no reset!
Second, "hunger games?", "mad max?", common that's child talk.

Whatever happens to the global economy two things are certain:
1.The elites will stay as rich and powerful as they were before the crisis.They might become even more rich and powerful.
2.The working class will remain a working class.The number of unemployed poor people will rise,but their survival will be their own problem.
If you think that the crypto industry/decentralization(and technological progress in general) could possibly change all this inequality,then you are pretty naive.
Centralization or Decentralization,it doesn't matter that much.The rich elites might take control over the process of decentralization and create a "pseudo-decentralized" economy.
 

This is one of the biggest reasons everyone should be busy developing a truely decentralized & safe systems/networks.
It's actually heart breaking to see some true enthusiasts not focusing on exactly what should be focused on. They tend not to be stable and focused, probably due to deceit (or what people call brainwashing). What they support or promote don't always show they understand the true situation of things or why we need truely decentralized and safe Crypto now than ever.
The only reason why things aren't collapsing now is that a MIGHTY HAND is preventing the collapse to allow us to talk to lots of people who are sleeping and to allow this decentralized things to be properly built to save lives.

They are trying to get centralized corporations and others unpleasant things to rule the world.
But many people will be kept safe from the coming tyranny.

The opinion of the WEF founder is a wake-up call and invites the international community to reflect on how to carry out development in new ways, namely development that is not only for the advancement of the human economy but at the same time maintaining sustainable nature. So a new or different paradigm of economic development is needed from what has been implemented so far. One of the middle way options to unravel the conflict between economic growth and natural sustainability is a circular economy (CE), which offers opportunities for post-use products to be recycled, repaired or reused instead of being thrown away and waste from one process becomes an input for other processes. We must ensure that new technologies in the digital, biological, and physical world remain human-centered and serve society as a whole, giving everyone fair access.

The enthusiasm to always increase economic growth starts from the passion for human consumption. Even though the pandemic created momentum for a great reset in the world of cryptocurrency, the world economic system will be stuck in the previous system even though its cover has changed from conventional, digital, and cryptocurrency. The market will never be able to reset because the market is not what creates the global economic system. What is happening now is that fiat is adapting to the industrial revolution 4.0 which cannot be avoided.

OP, after prrrinting trillions in fiat to keep the economy working? I believe it will start to be a big part of people's savings/portfolios, OR it SHOULD BE. The people should be HODLing a currency that is not subject under the whims of politicians who put their own self-interests first before the people.

Bitcoin along with other cryptocurrencies will not play an important role in the future of the world economy, but they are already playing it. If you look at the news, the USA approved the custody of Cryptos in all the banks of the nation, China obtained the majority of at least 5 Altcoins. The actions of these powers only mean 1 thing, sooner or later cryptos will be the epicenter of the economy or at least play a very important factor.

"The global economic transformation now faces the main question: What to choose — centralization or decentralization?" What is 'The Great Reset' you might ask?

This topic can be very sensitive, but it's something that needs to be thrown at your face sometimes. We are still and will continue to be in an economic recession for god knows how long. Will crypto be the solution? Maybe for part of it...

Raoul Milhado produced a hell of an article that outlines what the world can look like in the coming months. He takes note of the WEF (World Economic Forum) making an impartial statement about a need for urgency for "global stakeholders" aka one-percenters to manage the outcomes of what is called "The Great Lockdown" <-- (SERIOUSLY READ THIS) His article can be found here: https://cointelegraph.com/news/what-role-will-crypto-play-during-the-great-reset

This 'lockdown' we have entered could be known as a cover to remake the world. The cost COVID-19 pandemic has surpassed every single epidemic/pandemic the world has ever seen. We've seen industries shift 90 degrees and take a bullet to the head but we have also seen industries flourish from the ground up, resulting in a new wave of entrepreneurs and people finally looking out for themselves. Don't forget to mention the current curriculum is dying as they aren't teaching what is hot like "How to Tik-Tok" or "OnlyFans 101." Even though it may be frowned upon, we're all adults and need to be faced with the truth behind reality whether it sucks or not.

Either way, it's nice to see crypto have a resurgence in the past months as an alternative to traditional finance and business. My dad, a blue-collar worker that will rely on his retirement is FINALLY reaching back out to explore investment opportunities in Bitcoin...

What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

Don't forget to smash that poll button with your vote because it's important to me and it's provocative; it gets the people going!!!