Fed Coin
- Thread starter PSForever
- Start date
irvinebullhousing
Well-known member
PSForever said:
For sure, this is coming.
The writing is on the wall for sure. I could type on this subject for hours, but crypto has gotten a bad rap over the past decade as being known for just a get rich quick scheme or a medium for illegal transactions.
Every government, major financial institution, and tech firm is rolling out blockchain technology, it's just that we don't know what the ultimate end product is going to be. This is a multi-decade transformation that has so much potential on so many levels, not just financial. It has potential political impacts as well.
The controversial balance that governments need to deal with is traceability. It can help reduce stuff like money laundering, but the privacy invasion can be way worse than anything Google or Facebook has done to stalk consumers' spending habits. This is utopia for a government like the CCP, where it's expected the government just tells you what to do, but not so hot in the EU or the USA.
Pop Quiz? What's the #1 medium used for drug dealers and sales of illegal goods? Bitcoin? Monero?
Nope, it's United States Dollars
Every government, major financial institution, and tech firm is rolling out blockchain technology, it's just that we don't know what the ultimate end product is going to be. This is a multi-decade transformation that has so much potential on so many levels, not just financial. It has potential political impacts as well.
The controversial balance that governments need to deal with is traceability. It can help reduce stuff like money laundering, but the privacy invasion can be way worse than anything Google or Facebook has done to stalk consumers' spending habits. This is utopia for a government like the CCP, where it's expected the government just tells you what to do, but not so hot in the EU or the USA.
Pop Quiz? What's the #1 medium used for drug dealers and sales of illegal goods? Bitcoin? Monero?
Nope, it's United States Dollars
momopi
Well-known member
IMO the government digital currency and climate cycle are 2 issues.
As we often joke about chip in the right hand and barcode on the forehead (Revelations 13:16-18), like it or not e-commerce is displacing cash. It's not even necessary for the government to completely retire cash currency. Usage of cash will simply dwindle like gold and silver over time.
If the goal is to track or restrict spending habits, you only need to pull real time data from a market dominated by few large players (major banks, apple pay, etc). Government backed digital currency will however provide better capital control and plug holes from cryptos like Bitcoin.
In the event of a climate cycle induced famine, unlike the past when people mostly lived and died in the same region where they were born, today we have robust global trade, long term food storage, crop diversity/hybridization, and technology like drip irrigation that can help offset famines that impact specific regions -- but not on global scale. If the impact is wide spread, people will feed themselves first before selling any food to you.
Consider, if climate cycle turned an area into low desert like terrain, it may still be possible to switch to growing aubergine and cantaloupe with drip irrigation. This is assuming the climate changes occur in phases over time, and the people are not stubbornly stupid like the Vikings of Greenland (change our way of life? Would rather starve!).
However, if the changes are rapid and people did not have time to adopt, then we're looking at possibility of government imposed food distribution and starvation. People will be lined up at local distribution centers for their allotments. Those with money and connections might fare better through the black market (or escape to better locations). People in desperate situations will turn Greenland Viking and throw "dead weights" over the cliff, mothers unable to feed their young babies may smother them to death in bed and call it an accident, you get the idea.
In ye olde days people used to say if a man goes hungry in the forest it's his fault. During the depression era hunters would walk for miles and not find game. The deer and squirrels that you see munching away today will learn very quickly that they're being hunted and hide as soon as they detect humans. So don't think you'll be able to feed yourself with a hunting rifle either. All near shore fish stocks will be quickly exhausted as well.
If you're lucky enough to have stashed away a good supply of long term storage food, it might help tide you over for a while, supplementing the government allotted rationing. Those with wealth, power and connections will have better access to food through the black market, like Soylent Industries Executives living in the tower. For those without connections and hope, perhaps there will be a Temple of the Many-Faced God with drink of hemlock, or Futurama style suicide booth avail. But I have to think out of the entire globe, there has to be areas that are less impacted, and for those smart enough to vote with their feet, perhaps the solution is to secure residency rights early and emigrate.
As we often joke about chip in the right hand and barcode on the forehead (Revelations 13:16-18), like it or not e-commerce is displacing cash. It's not even necessary for the government to completely retire cash currency. Usage of cash will simply dwindle like gold and silver over time.
If the goal is to track or restrict spending habits, you only need to pull real time data from a market dominated by few large players (major banks, apple pay, etc). Government backed digital currency will however provide better capital control and plug holes from cryptos like Bitcoin.
In the event of a climate cycle induced famine, unlike the past when people mostly lived and died in the same region where they were born, today we have robust global trade, long term food storage, crop diversity/hybridization, and technology like drip irrigation that can help offset famines that impact specific regions -- but not on global scale. If the impact is wide spread, people will feed themselves first before selling any food to you.
Consider, if climate cycle turned an area into low desert like terrain, it may still be possible to switch to growing aubergine and cantaloupe with drip irrigation. This is assuming the climate changes occur in phases over time, and the people are not stubbornly stupid like the Vikings of Greenland (change our way of life? Would rather starve!).
However, if the changes are rapid and people did not have time to adopt, then we're looking at possibility of government imposed food distribution and starvation. People will be lined up at local distribution centers for their allotments. Those with money and connections might fare better through the black market (or escape to better locations). People in desperate situations will turn Greenland Viking and throw "dead weights" over the cliff, mothers unable to feed their young babies may smother them to death in bed and call it an accident, you get the idea.
In ye olde days people used to say if a man goes hungry in the forest it's his fault. During the depression era hunters would walk for miles and not find game. The deer and squirrels that you see munching away today will learn very quickly that they're being hunted and hide as soon as they detect humans. So don't think you'll be able to feed yourself with a hunting rifle either. All near shore fish stocks will be quickly exhausted as well.
If you're lucky enough to have stashed away a good supply of long term storage food, it might help tide you over for a while, supplementing the government allotted rationing. Those with wealth, power and connections will have better access to food through the black market, like Soylent Industries Executives living in the tower. For those without connections and hope, perhaps there will be a Temple of the Many-Faced God with drink of hemlock, or Futurama style suicide booth avail. But I have to think out of the entire globe, there has to be areas that are less impacted, and for those smart enough to vote with their feet, perhaps the solution is to secure residency rights early and emigrate.
???