Bitcoin is one of the greatest inventions in the last decade. Outside the cryptographic breakthrough that allowed us to form and govern our own monetary policies, BTC proved to be the only verifiably capped property secured by the protocol.
Outside of acting as some kind of leverage against modern/artificial boom and bust cycles, it could give our privacy and security a new dimension, increasing our personal and economic freedoms to a level never seen before. The only trade-off is the fact that being financially independent requires personal responsibility and the ability to adapt to new challenges.
Modern society and business structure demand secure, fast, and cheap value transfers, making assets like Gold insufficient in satisfying the market needs.
Given the uncertainty of the global economy, which is conditioned by the central policies, the openness and transparency crypto provides cannot be taken lightly. It's a revolution.
CBDCs won't satisfy and bring back the trust that's been lost for decades, just for acting as digital ledgers supervised by no one haha.
To say crypto is a utopia would be an outrageous lie tho, however, if we make even 5 decent systems that'll reduce the weight we're handling, I'd say we made it!
Poor understanding of money and bad management led us here, and for the first time, we've been given an opportunity to fight back, and to create a lot more resilient systems.
Digital Economy
Everything's turning digital these days, and I'm willing to assume that the rate at which the transformation will advance is going to be stunning.
Wouldn't be surprised to see 20% of the Global wealth being represented in the digital realm. Imagine 20% of all the houses, fractionalized to a point where basically anyone can partake, represented on the market 24/7.
Imagine buying the % of the agricultural land that yields xy% of corn while being 10000 miles away.
The same principle can be applied to basically anything.
Who manages to pioneer this, will get a massive market share.
I think $LABS aimed to do that, not sure what went wrong. I guess no partnerships were made, no liquidity formed and investors lost interest.
Nonetheless, the digital realm is going to become more crowded and competitive, which makes millions of possibilities.
Stay vigilant.
Posted Using LeoFinance Beta
From the look and origin of Bitcoin alongside technology as a whole there's been major transformations over the years, and I won't agree less that the economy is becoming more digital as compared to the last decade and obviously could deepen more in the digitalised world we now live in.
And as said in your post, it will certainly become very competitive, but we hope for more healthy competition because this will bring about more improvements to the benefits of mankind. Cheers
Posted Using LeoFinance Beta
Cryptocurrency allows us to adequately capture the value of a network such as Bitcoin. It is amazing to think of the wealth that can be distributed due to this.
The expansion is great.
Posted Using LeoFinance Beta
You're correct my friend 💥
Cryptocurrency is internet money. It was created in the digital realm meaning it excels there.
Plenty of value will be derived. People do not realize how massive the expansion can be.
Posted Using LeoFinance Beta