![Quite the coincidence here... [1125x1172 - 375KB]](https://pic8.co/sh/5cqSTm.jpg){kind=link}
Ok... I can go a heck of a lot deeper here and have access to a ton more information but I don't know where you are at and I don't want to sit here for 6 hours sending you shit that is pointless and a waste of you time. Ill start with some simple statements here and you respond from there with questions.
What is your level of understanding about blockchains? Would you consider yourself a DEFI DEGEN? Do you know what a UXTO is? Do you know what gas is?
What is your level of understanding of banking? Do you know what backs the dollar? Is your bank account guaranteed by the FDIC?
Could a "bank" in the US actually go down?
What I am getting at here is this... Ofcourse not! Nothing at all known by man or beast can take down a fractional reserve bank backed by a money printer. Impossible. Now the VALUE can fall precipitously but dirty paper with a number on it can spew forth to infinite and beyond.
Now.. What would really happen? the FED would powerfully constrain money printing causing ALL banks using dollars to collapse disastrously just like they did in 1929... and keep it constrained for a decade... all the while pointing the finger at bitcoin and blockchain assets as the real problem. In this situation The entire world would zerg-swarm all of the crypto-bros since everyone is stupid as fuck and can't understand what Im typing here...
So in that case then YES, the banks collapsed because of FTX and their depositors were destroyed. The reason was because the banks desired to collapse as opposed to being forced to collapse. Does that make sense? There is no such thing as a banking collapse in a fiat central banking system, only a value-loss in the trash they spew. Glances at FTX... SOUND FAMILIAR!!! Thing about FTX though is this. They were operating a fractional reserve fiat system that was fundamentally backed by a HARD ASSET.. BTC. Guess what the FED was doing from 1911 through to 1929? The Fed was operating a fractional reserve fiat system that was fundamentally backed by a HARD ASSET. GOLD.
Feel free to ask questions and take all the time you need.
Tl;Dr The banks will probably collapse and wipe depositors but it has nothing at all to do with blockchain. It will be BLAMED on blockchain and used to regulate blockchain out of existence thus re-enslaving lazy faggots like yourself who have been living through a world-changing economic event for the last 10 years and haven't taken a few HOURS in the last 10 YEARS to learn anything at all about it.
Bitcoiners will kick back... laugh, tick tock next block themselves into financial paradise. DefiDegens will win and lose in vastly more volatile ways. Anyone who does not get on board with blockchains will be forced 100% into Chinese-style CBDC systems and will be enslaved. In 20 years they will be the ones who mop the floors with their little mask on while their lords fly around in jets.
There will be a subset of people who are hard-asset guys. they will be land and metal and oil and commodities guys. They will also do very well long term but their lack of asset mobility will leave them as sub-soverigns who will be forced to use the fully liquid currency regimes of the real controllers. Iron-ricebowl types (government retirees and wellfare nigresses and such) will be completely and throughly enslaved in this system. They will fare the worst out of all because they will have to absolutely do what they are told to keep their gibs no matter what it is forever.
I agree with all of this. Curious to know what you think the end product will be? What's the outcome in terms of the new financial model that is ushered in?
Most people are not getting up to speed on blockchain tech. There are the outliers but overall there is extreme resistance from small business people. All of the non-techie boomer-tier goobers. All the metals and realestate guys. Pretty much anyone who counts. Those who are getting on board come in to MAKE DOLLARS not to use a new monetary system. They end up losing shitloads of money to the old hats who know the game. Then they dont come back for the most part.
Most-everyone could transfer over to blockchain assets in part or in whole NOW. With only a little inconvenience most of one's paper wealth could be held on-chain. With only a minimum of work it could be secured dramatically better than it is now in banks or stonks or whatever. Instead everyone hesitates. Whats the end result of this? I'll tell ya. Its CBDCs for pretty much everyone. Even tons of people with crypto wallets today are going to turn in their BTC when the time comes. They just will because they are too scared to face down the government. Its that simple. They won't stand for the principals that the space was built upon.
CBDCs will enslave most people and they will happily accept it because they will get a little freebie in the start. That will be inflated away as the quantity grows to where it matters not at all. The blockchainers and bitocoiners in particular will NEVER join it at any cost. I dont think there will be a way to do both. One cannot join the CBDC system if they are known to have held crypto assets and they dont put them in the CBDC system. That simple. Those who stay out of that system though will be free. In the long run they will end up as the uber-wealthy jet/yacht/mansion/helicopter class of people. A constant thorn in the side of govenrments. I feel they will end up leaving draconian slave-states like the US and Europe completely. They will end up in 2nd world shitholes that need the money. Hell, I would not be suprised to see them take them over completely eventually as the locals realize that blockchain code is a WAY better government than a bunch of corrupt niggers and jews handing out fake ballots lol. Shocker.
That's my guess too. I think the CBDC will usher in UBI and those "crypto" wallets will only be allowed to be spent at certain stores. CBDC UBI and retail will be integrated. Worse than a social credit score (which already exists) because UBI will be completely controlled. They will incentivize it but people will not have freedom to do/buy as they please.
So I wanna hear your take on how to stay out of that system. Where to put assets? What to purchase in your opinion.
Good stuff. Couple questions. If you collect a shitload of coin out of their system, will they let you use it? Do you think it's go-time on blaming, and making a move on blockchain?
??Their system??? Blockchains are no one's systems. No one can tell me if I can use it or not. I have the keys and an internet connected device or i don't. there is no "THEY" If you mean banks as "they" then its simple. Your financial availability is at the pleasure of the banks always has been. Blockchain assets are available at the skill and ability of the key holder... always has been.
I mean... The time to make a move onto the blockchain was always and forever... 4 years ago. I actually think that right now is one of the first times in history where the 4 year rule is broken. The real question is the timeframe. Do you need the money next week? Next month? Next year? Next 4 years? next 10 years? Next 50 years? Before FTX I was of the opinion that we would be looking at 2030 for it all to fall down. Now, it looks imminent. but is it really? IDK. I was pretty sure that back around 2015 were were looking at the end in just a few years. 2017 bull run... DEFINITELY would wake some people up to what is happening and get them onboarded. Here we are today... Everyone out inscribing BTC onto headstones all over again. Very few of us are going to be onboarded onto the blockchain, and not all that are are going to manage to stay there. Those who do will be extremely powerful and have enormous responsibility in the future. Just like kings and lords of the feudal dark ages... since that is where we are going politically.
Mined blockchains are not going away. One will be able to interact with the blockchain. That is a fact. How does that relate to the DOLLAR? who cares? That is the real vision that the true believers follow. Who gives a fuck what the dollar value is. Stop thinking in dollars and start to think in other units. The dollar is fake and gay. POS staked blockchains are less certain but pay a bit of return. Yawn. BTC could fall to 12k dollars. Who cares? The dollar is fake. TA says it MUST fall to there at this point. But why not fall to $800? Well, because there is a limited quantity. That is a major feature of BTC and all mines chains. The hard cap. The next feature is portability. I can carry my BTC in my mind.
If I can remember 12 words or where I put the 12 words or how I used hard-encryption to lock up 12 words... then I can carry it in my mind. Nothing comes close. NOTHING. That shit is powerful. Does that have value to you? If I have to cross a hostile border, naked... my finances are secure and available on the other side. Are yours? Good luck doing that with dirty paper or metal let alone a bank account.
https://www.lookintobitcoin.com/charts/
https://www.youtube.com/watch?v=k001JX-D-dA We even have a national anthem...
My finances have always been hard assets. Thanks much for the info.
Gas is like shekels.
Gas the jews, I mean don't gas the jews. I'm so confused.
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