Some thoughts about Cryptos and Nations

in #nation6 years ago

The thing is ...

If we look at current economy, we can see how governments are doing their "jobs" and people suffer. I think the biggest problem in world is money and everything that comes around it.
If we look at this picture:
0_Jb8EOLiYhy_GaCaM.jpg

We can see real value of money is reducing and heavily, why so? It's because of inflation, and inflation is because of economy, and economy is because of government, and government is because of people. It's pretty awesome circle which keeps looping and looping.. Seems like we don't have any way out of it. But is it really true?

I were thinking, what if we all could use cryptocurrencies, what if central banks would create their own cryptocurrency, where they can control inflation by adding it, if it's needed, and by reducing it, if it's needed. They could burn coins, they could add coins ...

Of course, the question is what about decentralization and fixed supply and privacy?
Well, there should be some kind of decentralization to get peoples trust, but everything has their own limitations. Central banks still need to develop and upgrade their coins, as fast as possible, if it's needed. About fixed supply, they still need to support different national projects, and they also want to control inflation. And privacy ? Well think about bigger picture, how much people really think about privacy nowadays? If people care about privacy and they want it, trust me Monero price would be mooning already... Because it's the only Real privacy coin... Basically it would give governments and tax office huge benefits, because most of crypto payments are easy to follow and they do a lot work for them ...

Anyway the thing is, national cryptos would change the whole world, benefits would be of course cheaper transaction fees, global, there wouldn't be any regular bank between people anymore. We could do P2P payments, straight with each other, for example like Lighting Network...

But, there should be something that doesn't let that crypto to go tremendiously high on value, otherwise it would be pointless. What can go high on value are stocks and shares, which in the future will be like cryptos now. Where people can trade them all over the world.

The thing is whole world economy is going to change, it's only a matter of time, what no-one really knows.

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