We will have to co-habitate
There will always be underdogs. Like them or hate them, their purpose i s very clear; clean up the mess. One thing that is always difficult to accept is the truth, especially when it is not to your favor. money to me is an 'illusion reality', many have been forced to believe without it, we can't run an economy. This is one big lie yet what can we do?. Many have been trained to believe this concept and it seems there is no way back, at least for NOW. Was trade by barter not a medium of transaction? Oh! It was too rigid I guess. How about gold and silver? Still having the same issue coupled with rarity.
This is where the government stepped in to 'fool many'; hope I am not too harsh here. They just printed papers and told everyone to use it. Boom! A honeypot for those is authority, they've finally cloned the financial systems. It has continued same for centuries until lately when Internet gurus and web developer exposed many to the possibilities behind finance, how is it that one can take full control of his finances and exempt the governments and other intermediaries. The first one was Nakamoto Satoshi's Bitcoin.
Wow, so cross border transactions could be done in seconds; something that the banks normally say '2-3 working days'. It can be funny when those atop keep fooling those below. Come on, at least money moved from cash only to digital fiat, what makes it 2-3 working days to move?. We used to think it was difficult to move that cash.
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Funny enough, I just found out that transactions are more like a text message, there is nothing huge to move, just sending a set of numbers to someone's account, that's ALL.
Of course they know we now know and they are indeed stepping up. I have talked about CBDC for the past two days as a means government will still use to stay ahead of the financial curve (control). One has to admit, these guys won't give up the transaction chain for the masses without a fight. To be more precise, they have the upper hand. If you ask me about the devolving of centralized system I will say this is not possible, the government will still be in financial control. They always have what to say, decentralization chains support illegal transactions, blah! Blah!! Blah!!!.
Does this mean decentralized blockchains will fade off? No, I have what to say about that. As I earlier said, underdogs are real and they are needed. There will always be a need for investment and looking at the situations of things, CBDC reign will not favor medium investors. Think of this, how many individuals are accredited investors? Very few up there. It is more like saying that everyone should eat from McDonald's, do you know their pockets? Road side bars are meant for those in the street and it will continue to thrive.
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Same also goes with the world of transaction, there is a big opportunity for decentralized chains to flourish, not everyone loves all those taxes. How much will the middle class have to invest to give out much to government as tax? This may seem illegal and non-cooperative with the government but the middle class are those who will flood the decentralized chains, business must go on. In short, this is needed for a lot of checks and balances. Without these systems in place the government will overreact in the world of finance. Something they are becoming careful about nowadays.
Centralized and decentralized chains will cohabit in the future, there is no going back from here. Everyone's eyes has been opened in terms of business and investment. All the government will do is make sure they keep topping the transaction chain (at least control up to 70-75% of global transaction) . Anything less than this, they will raise their eyebrows to suppress other systems. Decentralized chains will be a backup to move economy when it seems rigidity, over taxing, and so many inconveniential rules are being put up by the government.
To conclude, let me add, I see a bright future for decentralized chains in the future. Whether the core focus will be transactions or . One will thrive through authority while the other will follow up through its flexible and user friendly nature. Understanding this is key as it determines who and who stands to benefit what the future holds for those interested in profiting from what tech has to offer, especially when adding up with artificial intelligence
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