We are seeing a paradigm shift. The power center, especially financial, is moving east. This should come as no surprise since China was the fastest growing economy the last 30 years.
In this video I discuss how this will impact things and how there is a dire warning out there for Westerners. Those who are in power are taking us down a road that is very dangerous.
▶️ 3Speak
I think Hive could benefit from having more than 20 consensus witnesses. The small market cap and user base can protect it to an extent but if and when there is greater growth a better geographical distribution of consensus witnesses and a greater number of then should be considered.
I have thought either more witnesses or less votes.
It was a topic of discussion right around the hard fork but it died down. I am not sure what is being talked about behind the scenes.
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I write about China too. But its not a straightforward thing. China is ageing very quickly and it might become a 10x of what Japan is today. Old, cool, still innovating but not so aggressive. But thats in 20 years time. I dont think it will be so dominant. In the other hand, the US gas tremendous potential and a change in leadership - far easier in the US - can quickly turn things around. Have a look at my blog. Thanks.
The US is aging also. In fact, it is ahead of China in the getting old race. Japan led the way and now the US is seeing its Boomers get up there in years.
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The US is still younger than many advanced countries and has the option of immigration. If you see here, China will age a lot by 2050. The US will age too, but slower. https://www.pewresearch.org/global/2014/01/30/chapter-2-aging-in-the-u-s-and-other-countries-2010-to-2050/
@tipu curate
Upvoted 👌 (Mana: 6/12)
Thank you for the @tipu.
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Summary:
Task puts forth a critical message about a paradigm shift from the West to the East, emphasizing China's economic growth and education investments. He highlights wealth inequality, the role of central banks, and the consequences of economic disruption leading to social unrest. Task discusses the push for digital currencies by governments for tax transparency and warns of potential financial turmoil with increased taxes and reduced government obligations. He advocates for cryptocurrency as a solution against government control but acknowledges potential regulatory challenges. Task emphasizes the importance of technological innovation and societal awareness to counter the influence of controlling entities.
Detailed Article:
Task starts by addressing a significant shift in global economic power from the West to the East, pointing to China's rapid economic growth and investments in education and infrastructure. He underscores the West's reliance on traditional banking systems and connects it to the missed opportunity in embracing blockchain and cryptocurrencies. Task argues that Western elites, tied to bankers and centralized entities, contribute to wealth and income inequality through policies that benefit the few at the expense of many.
The conversation then delves into the repercussions of economic turmoil, warning of impending social unrest due to governmental financial strains. Task alerts listeners to the potential rise in taxes and reduced services as governments struggle to meet obligations. He stresses the government’s interest in digital currencies for better tax enforcement and transparency, which could significantly impact individual financial freedom.
Task advocates for cryptocurrencies as a viable solution in combating governmental control and emphasizes the need for widespread adoption to counter regulatory hindrances. While acknowledging the potential for the government to target key players in the cryptocurrency space, Task remains optimistic about the innovative capacity of technologically savvy individuals to navigate such challenges.
Further, Task raises concerns about government overreach, especially in attempts to undermine privacy through technology. He highlights the importance of societal vigilance and opposition to encroachments on individual liberties, pointing out the trend of governments seeking more control and surveillance.
In conclusion, Task emphasizes the necessity of building a financial system independent of traditional structures dominated by controlling entities. He urges mass participation in cryptocurrency and technological developments to empower individuals against centralized control, advocating for horizontal, decentralized structures as a defense against top-down authorities. Overall, the message underscores the need for awareness, unity, and proactive measures to safeguard against potential threats to individual freedom and financial security in the face of changing global dynamics.