The future and fiat don't mix.
Technology has been progressing exponentially for over a hundred years now. However, we are approaching an impasse. The way currency is created and distributed no longer makes sense. This system is broken.
Enter stage-left: cryptocurrency
Cryptocurrency is smart-money that can be programmed to do anything we tell it to do. Compared to the legacy banking system it is superior in every way except for established infrastructure. It is only a matter of time before it takes over. Once this process starts and the tipping point is reached it will accelerate out of control until it gobbles up the entire economy and replaces the grid as we know it quite quickly (say ten years).
The powers that be are trying to fight this reality, but all they can really do is delay the tipping point. At the end of the day technology can not progress without cryptocurrency because legacy capitalism consolidates all the money and power back to the owners of production. Crypto allows communities themselves to become the owners of production which fixes all the problems society has been having for the past century.
Without crypto, too many people will lose their jobs and the gap between rich and poor will become too wide and unstable. This inevitably leads to one of two outcomes:
- The poor people revolt and create a new system that inevitably devolves back to the old systemic problems over time.
- Genocide of the lower class.
Think about it.
What is the value of poor people? They are a cheaper form of "automation" than robots. You hire a person for $15/h because paying $100k for a robot with high upkeep costs is more expensive than the person. Once the robot costs $10k with low upkeep the people are no longer necessary in this equation.
When dehumanized slaves do nothing but take up space and suck down resources there is only one option left: kill them or stop them from procreating. This is why many conspiracy theorists will tell you that the COVID vaccines are 'obviously' a tool used in the inevitable Depopulation Agenda. To them, it doesn't matter how thin the current evidence is. They final outcome is the same. 7 Billion people is too many when 50%+ of the jobs are about to be automated out of existence.
This will break the entire economy.
Because the legacy economy has no way of properly distributing resources back to the poor they'll have to come up with some "innovative" solutions. It's quite clear that UBI (universal basic income) combined with CBDC (central banking digital currency) are the way to go. However, if you think the government is just going to give out free handouts just because, you've got another thing coming.
Do not be surprised if a citizen's UBI status is 100% dependent upon their vaccination status. Much like AI in the Matrix turning humans into batteries, there is a chance that citizens who have no perceived worth within legacy capitalism will be turned into science experiments via injection. That is the fate of the lower class who cannot pivot within this New World of automation: genetic experimentation (eugenics).
Now, the future I've described probably sounds pretty bad; horrific in fact. Honestly, I think even the worst case scenario probably isn't as bad as we think it could be. Life has a way of constantly breaking boundaries.
"Life finds a way."
The next couple decades are going to be absolutely insane. What happens if the military industrial complex creates genetically modified super soldiers? What if AI becomes too advanced and breaks free from the control of its creators? Blah blah blah. What if What if What if. It never actually works out how you think it will. Too many variables and misinformation floating around. The entire point of this simulation we call Earth is that is CANT be predicted. Sorry speculators, better luck next life.
It's been a while since I've written something so outrageous, so this may come as a shock to many of my readers. However, don't I have my own motivations and hidden agendas? Aren't I being paid to shock and entertain you? Why... yes I am. In fact, my biggest supporters from back in the day before anyone was paying attention to me was from my conspiracy theory content (#informationwar). I literally have a direct hardcore financial incentive to exaggerate and sensationalize my blog to the fullest.
For entertainment purposes only!
Everyone on the left thinks the right is full of racist morons, and everyone on the right thinks the left is a bunch of "communist" boot lickers. They are both right, and they are both wrong. It's important to pay attention to all the information and try to parse the truth for oneself: this is the anchor of critical thought and the foundation of the scientific method. If you aren't questioning the data and remaining skeptical: you're doing it wrong.
"Trusting Science" is an oxymoron.
But honestly I am way off topic. All I wanted to do is talk about how fiat is becoming completely irrelevant. The Depopulation Agenda, even if it's real, is going to fail. Life finds a way.
Everyone keeps speculating on a future in which the central banks and corporations are still in control. LOL! How silly of us! The future is going to be far far more frightening than that. Communities themselves are going to be in control. That's right... the COMMUNISTS WIN! Scary thought.
Humanity is in for some hard times ahead... that much is certain. And when humans experience difficult times, what happens? They go into survival mode. Trust me: you don't want to mess with a community in survival mode. Just ask Justin Sun. I'm surprised he got off as easy as he did if I'm being honest. Others will not be so lucky. The war between crypto and fiat hasn't even started yet, and fiat is going to lose. Think about what the means for a second.
Fiat controls the military industrial complex.
If we know in advance that fiat is going to lose the currency war, think about how much damage they are going to do before that happens! Yikes. Now that is a truly terrifying thought. One doesn't even need to generate specifics to realize that fiat will do ANYTHING to maintain control, and that includes genocide. In fact, genocide is expected, as it gets employed throughout history all the time and largely ignored by the communities that it doesn't affect.
Everyone is tribalist.
On a certain level, everyone is racist. Everyone has their people. Their friends, family, race, whatever. It's them against the world (especially during survival mode). We see this pop up in crypto to the extreme as well even though crypto is supposed to mitigate the damages and scale higher than current forms of tribalism (nationalism/corporatocracy).
- BTC maximalists
- Link Marines
- XRP army
- Hive Swarm
- Dogecoin... puppies :D
Doesn't matter if they give themselves a name or not, these communities are already fierce and ready to fight for their survival. Crypto is creating a breeding ground for cult-like behavior that will escalate exponentially when they come under attack. I can't even imagine what kind of crazy stuff is going to go down as fiat is in the death throes. The fate of the dinosaurs is sealed, but they are still laughing at the furry little mammals getting smashed underfoot. Run for cover if you see a dinosaur, would be my advice. They're very hungry now, and will be starving later.
Conclusion
If you want to make it through the next decade or two unscathed you must stay ahead of the curve. Never assume you know something to be true, as this creates blindspots and sinkholes in logic that can be exploited to the fullest later.
The one thing that everyone needs to agree on is that the world as we know it doesn't make any sense. There will be exponential changes happening over the next few decades, and with exponential change comes mass evolution combined with mass extinction. The question we must ask ourselves is simple: are the dinosaurs worth saving? Or should we be paving the way into the unknown and abandoning the past?
As far as the Vax injections are concerned...
How much is enough? I already know multiple people who thought the first two jabs were absolutely imperative, but now that a third is being suggested they are starting to realize this path has no end to it. Six months ago the idea that the virus could have been made in a lab was a ridiculous conspiracy theory and now it looks more and more to be conspiracy fact. Are you going to be one of those people who just accepts the current narrative even though it directly contradicts the previous narrative from only a few months ago?
Or maybe you'll be one of the first X-men born from the new eugenics program. That would be pretty cool. What do I know. I'm just a writer looking to get paid. Send it.
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When the robot costs 10,000 everyone will have one. And then send it off to work to earn money. While they sit and home and play Splinterlands!
I actually think that there is a utopian version of the future that follows this path. Improved technology, automation and very cheap energy will allow very low cost living with goods produced by robots. Meaning that people no longer actually need to work.
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That's the idea.
Passive income is the future.
Fiat is not.
However, reality always falls somewhere in the middle between doomsayers and idealists.
Fiat will become one end of the spectrum of money.
It will be at the centralised, fully guaranteed end. But electronic / digital in one form or another.
Company / organisational coins in the middle. Low decentralisation, some guarantees. KYC mandatory.
Fully decentralised crypto at the other end.
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I wonder what a fully distributed crypto looks like.
Probably also has some kind of KYC to avoid Sybil attack.
Something like MINA. Tiny size. Smartphone based. PoS. Everyone is a validator node.
Totally agree, Mina is a really nice project, very well done and with disruptive potential in the real economy.
Do you follow Grady Booch? He's very strongly against it. His arguments are pretty fanatical.
Against what? Passive income? UBI? Big difference between the two.
Passive income (especially passive income through cryptocurrency).
To be fair... with the increased rate of productivity and production now... it's crazy that we have to work more than a couple of hours a week these days. Problem is that the people at the top keep keeping all the profits for themselves. Jerks.
I think currently the cost of land / rent is the big sticking point. Aside from that we work to pay for the salaries of ourselves working.
what a hilarious way of putting it
I mentioned something similar in the past before. The machines will work for us, instead of us. And will Artificial Intelligence (AI), they will reach a point, where they will not just/only fix themselves, but also manufacture themselves without any human intervention.
But what if the machines will turn on humanity? Something like what happened in the Terminator movie series. This is a frightening, scary, terrible thing to think about, to be honest.
I give you some !PIZZA and !LUV.
Yes.
Once machines can produce everything, including obtaining the raw materials for production, and themselves, then the cost of goods drops towards the level of scarcity of the raw materials and the energy required. If these can be in plentiful supply (from the sun / asteroids) we move towards goods being free and humans not having to work.
Whether we get there without everyone creating huge robot armies (including the robots themselves) instead is another question.
Yes this is more likely the realistic outcome. That it's just going to be automation where the cost of most goods and services come down as machines will take the load of the work. The ridiculous scenario is this feudalistic capitalistic idea ewe have now.
Just to illustrate how stupid the idea is. Alot of people in crypto have to just make up ideas of jobs and ideas to own production just to keep their narrative. In other words it's like saying no human really needs to work but we'll make them work anyway just based on the idea we like the idea of giving away free stuff. nothing to do with scarcity or lack of. We have to create that concept for something to have value.
It's also kinda how stupid some cryptos can get in a sense. Where we give blogs value of $20 or $1,000 when all this information placed on the internet is plentiful and free. So it's not that the writings or the blogs are worth that. It's just hat we use that to justify giving certain individuals in the community morne than others. The reality is the may as well all have the same value in a sense. So you need scarcity to justify this capitalistic narrative. Without it doesn't even make any sense.
I won't speak long on vaccinations. I'll just cover all basis of the article. however these anti vaxxer right wingers are idiots. LIberals are also idiots but it just shows more with the right wingers. As if the government really wanted to kill you. They think that's the best method the government would use? Have everyone take it for population control as if the government can't think of many billions of other ways to kill you.
The government doesn't even do a good job of justifying going in other peoples lands and kiling them. They almost straight out just saying well that's why we go now you can believe whatever you want but the government never really did alot to defend many of the events they've been part of in human history. THey just kill people and move on through history and then go thats another time much like they dropped that bomb on hiroshima. They don't have to come up with so many creative ways to kill you. THey can kill you through the food and water. Anti vaxxers are the dumbest idiots on the planet. Also the government is us stupids lol. They speak of the government as if it's a shadowy govt here and we're over there. No the people who make up the government are your family and friends. If they gotta kill you that means they care more about some ideology. That's the dumbest thing ever. That's why revolts happen so well like clockwork because soldiers aren't going to kill their own family members and scientist will whistleblow before they do the bidding of the government. So you guys need to stop with the baloney and tv and crazy imagination. if the government is killing us it's because we wanna kill us. It' s not because nancy pelosi thinks it's a good idea to kill us lol.
if you really analyze it and think about it.. Like really just use your noodle and think. what people really want in crypto is like some type of meritocracy and good distribution system. They don't want some capitalistic repeat of what they already have in the standard economy. If they want that why would we need crypto? We already got all that. if you wanna be free and you believe you can be free under some type of capitalism that can't work without govt control. If you think you can though and you want some rich people and some poor people and some middle class people. Isn't your brain smart enough to know we already do that and the reason it doesn't work well is maybe because it's not suppose to work well lol.
If it worked well capitalism and our economy wouldn't be imploding and we wouldn't be running to crypto. So clearly the people want some type of fair distribution system that makes sense. They don't even want what crypto is showing us right now which is like a type of feudalism. I don't care what crypto project you run to. You notice they all look ratio wise the same. Like a few guys with all the money. Go back to our standard economy few guys with all the money in these feast or famine systems.
You think several billion people want that? Are you all somekind of idiots? So the people don't want that. They keep recreating stuff because what they have obviously doesn't work. what they creating doesn't work as crypto certainly not working. Not saying it can't work but it's certainly not working now. If it's working for whom is it working? What's the numbers like. Shouldn't the numbers be better in crypto? So we can continually go in circles about this and every week there be a new topic on this. it only takes one thats the one that works. How you all doing it doesn't work because you just repeating the same systems you already have.
If you want a different result i would advise don't build systems based on systems you already have that don't work. You gotta make them look like the systems you want them to look like. You have to define what you'd like it to look like if everything else is wrong. If you say the crypto systems or any system works well and i say it doesn't. That's not a system that works for everybody or enough people. THen you show me the percentile of who it works for. If it looks bad across the board then you decide it doesn't work. That's how it works lol.
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I think crypto has the potential to cater for a wide range of political beliefs.
There are currently plenty of coins that reward you based on providing your stake to secure the system, reflecting a capitalistic structure.
But there's no reason why succesful UBI-style coins couldn't also arise.
The great thing is that people across the world with shared beliefs can now work together to achieve their community goals. It could be a new form of democracy, moving away from majority/minority rule to a series of financial systems under which you join the system which reflects your own beliefs.
Yes and i agree alot with what you're saying. However action and the results of what people want aren't mutually the same. So it's like saying hey i'd like to put a business on the blockchain. Okay what does it accomplish putting a business on the blockchain?
It's like if you go back to satoshi. if you look at how bitcoin works and how the mind of the bitcoin maximalist works. I'm not a bitcoin maximalist but now after careful examination i see some of what they say makes sense. Like for example satoshi meant bitcoin to be a currency. a sound money for people to protect and verify what they own and it not be stolen or manipulated. That was his hope. That's not what happened but the dream is still alive. However his original concepts made alot of sense. Then ethereum came along lol.
See the problem with all of this is putting businesses on the chain not really creating any type of economic prosperity in that sense. We know how to create businesses and provide services for the people. Our problem was always in creating effective currencies. i get the idea of well you can do this collectively. however the data is showing crypto is still just shaping up similar to how the standard economy works. I still don't see any data that suggest that will turn around. I think that's for many reasons. However i think the focus should be on an effective "currency".
All these ico's and pyramid and ponzi schemes etc., It's a reason they don't work well. i think the further we focus on just being a currency not a speculative device or an asset. A currency, the more we focus on that the closer i think crypto will resemble what we want. There are many complexities as to what would need to happen for that to occur.
In the long haul process it's do what we doing now. Just try to create this top up bottom down businesses over and over and over again. Then we paint this picture of what we have already in the standard economy as we're using the same blueprint. Or we can do what we have the power to do. We can for the first time in history not have an accidental or incidental economy.
We could have a manufactured economy where it does what we want it to do. We can just give the people the money. We don't need to do this big run around and take 50 years to make this work lol. We can just directly inject the people with the money and i think that would be more effective.
However to be able to do that we'd have to first put aside our false capitalist beliefs that don't even work in the first place. It's been imploding for over 70 years. We could bypass all that and focus on what works. We can't do that if people aren't able to move forward into the 21st century with the same ideologies about government and the economy that doesn't even work now. The good news is people now are questioning how our economy works.
They are now opening their eyes to we should be doing projects like ubi. So it's better late than never i guess. We also still got these people who will watch everything burn down rather than fix the system.
This post has earned bbd coins
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Or stick a crypto miner inside the bot. Then let them have the shitty jobs that no one wants. People can get paid double and do as they wish. :)
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I don't think poor people will have no value after UBI is implemented... we are way better spenders and consumers than rich people. What's the point of automating production if there is no one around to buy products?
Sure but wouldn't it be nice if you could force the population to do things by making them 100% financially dependent on the state? Not only that, politicize the issue so that half of the population accepts the new narrative and provides a buffer so that no one revolts as both sides duke it out.
You have to look at these things on a macro scale. The government is providing UBI while Amazon updates automation. Amazon was already committed to automation before the economy even went to shit. Every corporation and government is a separate entity and they are all haphazardly interacting in a worldwide clusterfuck. Whereas what you've just described assumes that one entity has unilateral centralized control over everything.
Often the so called poor people have the biggest hearts. I experienced this many times in real life. Many of them helped me, when I was homeless. And I have been also poor since I live, so I also experience from first hand what does it mean to be poor.
The poor people are actually not poor. The rich/wealthy people are poor. At least most of them. They are selfish and greedy. They always want more, and this is why they will not be happy. Nothing is enough for them.
I give you some !PIZZA and !LUV.
<><
@aussieninja, you've been given LUV from @xplosive.
Check the LUV in your H-E wallet. (2/3)
Absolutely 100% agree! Thanks for sharing this... it's amazing.
This is actually my first time reading your content, I was like this 😳 through out . Your content is filled with too many conspiracies. I’m having a second thought about everything right now.
Shell shocked!
Sometimes it's easier to focus on certainties rather than try to parse the concrete orb we live on.
2 + 2 = 4
As nation states and the military industrial complex start to realize they’re doomed, what happens to the thousands of nuclear weapons they have?
Funny because those weapons are only useful against large centralized targets.
Maybe that's just another lesson to stay decentralized.
Crypto currency has made many people to be independent. Many people now run their own business through the money they made from Crypto currency.
Some that have not opened their own business, now use Crypto currency as their main business than to work for people and collect peanut as salary.
It has touched many life.
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Well...obviously the poor humans will be screwed as we try to live the new normal. An AI being too advanced doesn't seem like it will happen for another few decades though so by then, most of us will be old.
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We need a DOA that can swap to fiat, that can't be shut down, so we'll be able to continue to trade until fiat is gone.
I can see governments cracking down by closing doors to society, making the million dollars in BTC you have useless for the necessities to get by.
It doesn't matter if I have a Canadian $100 bill in the southern U.S. I still can't use it to buy milk or meat. Crypto will be the same unless we build our own back door they can't close.
Once they implement their own version of blockchain they can dictate the types of payments merchants can accept and penalize those who accept unauthorized currencies.
Business will revolt by skirting the system and there will be the Nation Market and the Free Market until The Nation Market burns through all it's resources and crumbles under the weight of it's own bloated corpse.
Time will tell. What a journey!! Definately, bring it. Gently ;).
I don't want to imagine the disasters that will happen. So your suggestion to stay ahead of the curve, is a brilliant idea, as I want to get through the next decades unscathed. Greetings
Will be very difficult times humanity needs to deal with.
Starts with control of tech. Open source of data is something that is the only way.
Think about future tech controlled by a little group of people ( like today), with the difference the tech will be superior.
Even worse than everything that can happens.
The Internet gives everyone fair chances. Poor or rich. Offline construction tech is very different to that.
I see it too with crypto, but i think we see first something dramatic.
So maybe in 10 years, lol ...
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Current scientific researches show that the population is declining and in a wild rate. If I remember well, we will drop to 3 Billion in the next 30 years. And it does this quasy naturally (we poisoned ourselves in the last century, etc, etc), so no need to use vaccines or other methods.
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Wow, I can see that you really put some work into writing this article, sadly I can't read it since I'm at my normie job right now, but I cannot wait to indulge once I get home, an interesting topic, and I'm sure interesting perspective. Keep up the good work :)
What happens though, when you get a fiat cryptocurrency?
Part of the reason China has been banning bitcoin, closing exchanges, banning mining etc, is because they're launching their own official stablecoin, pegged to the renminbi. They have started trials already:
https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html
Basically they've given wallets with starter coins to the people in the trials in Shenzhen, Chengdu and Suzhou. And they're tweaking it to see how it works. Eventually it will get rolled out everywhere - and there will be a lot of people using it because it is convenient and it's value doesn't swing about like bitcoin.
I don't really agree with any of the speculation you've made here.
In order for one technology to replace another it is often said that it has to be ten times better than the predecessor. There is zero evidence to suggest CBDC is any kind of solution whatsoever. When fiat collapses, CBDC will collapse right along side it, because it's just another sad version of fiat grasping at straws.
https://twitter.com/Mistakili/status/1444995359789314055
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Oh wow yeah, those ETH tribalists are just about the worst. They just don't get that there is a cheaper way to do things. Either that or they don't want to hear it.
wow you blurred thin line ..., I'm joking, in fact and although it sounds a bit cold I have a very similar mentality to yours regarding to these post. When I talk to people from the 70-80s, they still have that ideology of "ohh, how are these types of situations going to happen? The human being can never be replaced and if he is, we won't even see it", well and it's true some of them may be and others not, but what they are not aware of is that the evolution that technology has had in the last 20 years is not the same evolution that they lived before 2000 years . Poor deluded people without education and information research. The fact here is to have 90% of the population with media entertainment, so by these way they will not evolve with real human being. Regarding the first paragraph of "Think about it" you have forgotten something very dispensable although it can be "understood", wasting time in emotionally understanding people / workers, we are stubborn, we are never happy, we always want to improve our conditions and therefore thus be better paid. Even if all these premises are allowed, we will continue to complain, what does robotics have to say about this? Just that, nothing, it will only ask for maintenance and it will probably be an external person who will come to see where the fault is with which you will not have to deal with anything else.
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Hi!
Found your Article yesterday searching in the #informationwar. You have amazing writing skills & are quite funny!
Do you really think in ten years crypto will overcome the fiat system? I kinda would hope for but it's too damn fast for the globe at least imho.
And concerning the infrastructure. We think that the new governance systems and Dapps coming from the blockchain technology are the tipping point.
We are currently working on one called the #matrix8 . It's a decentralized & democratic consensus mechanism we will be implementing into a tokenized blockchain Dapp.
We are just entering testing phase & really need volunteers to test it. There will be a KLU reward aswell! Actually any kind of help from the community is welcomed : )
Feel free to check it out
Whitepaper:
@atma.love/matrix-8-white-paper-abstract?ref=atma.love
Q&A
@atma.love/matrix-8-questions-and-answers?ref=atma.love
Cheers!
#m8sKLU for you