Do you honestly believe that people will turn to crypto as a substitute?
Firstly they wouldn't because the government would peg the dollar to another currency, like the euro, thus averting the crisis.
Secondly, if the government was unable to maintain the peg to the euro because of market shenanigans, it would then peg the currency to gold because it has the largest gold reserves in the world. Once again, crisis averted.
But let's just say that it fails to peg it to gold as well, because some mad scientist invents a process to conjure gold from thin air or something. Then do you think people will turn to crypto?
No, they absolutely will not. People will turn to other currencies directly (just use euros or something else directly), or cigarettes, or what-have-you. Turning to crypto - a technology that has massive fees for using it, that takes minutes or even hours to clear payment, that requires a whole western country's worth of electricity to run, and that doesn't even have a payments infrastructure yet set up in any case - would be the very last thing that would happen. I can guarantee you that under no circumstance whatsoever - other than literal crime and money laundering - will people use crypto.
True-believers are utterly deluded idiots getting scammed. Crypto is a useless technology made by tin-foil-hat survivalist NEETs. It doesn't even have a present, never mind a future.
I don't understand why people don't trade in land lmao - land = agriculture for now so still passive income, but even better you can trade land fertility for a very long time in exchange for cheap fuel and sugar, the entire world drives cars and uses generators so it's a big yes yes.
That's the only thing I'll buy with my crypto gains - fertile lands and huge commercial spaces that have room for growing cannabis - because it will be legalized in my country in 2 - 3 years.
Adam Perry
You lad are a fucking brainlet
Ian Wright
>implying I'm not working with city governments to implement blockchain tech in all kinds of areas >implying we're not working on crypto inspired bond distribution systems that can lead redeemable city currencies >implying people wouldn't use these bonds to trade with current digital currencies
