When bankers start spewing the worthless bitcoin comments we all know that change is coming. Although the “Mr. bailout” comment was taken out of context it shows the utter ignorance that the legacy proponents have as it relates to blockchain. Not to mention most of these bankers have never believed in true free markets.
It also shows that we are headed in a different direction. A direction that most legacy people could never possibly imagine. You see it takes a bit of imagination to participate in blockchain. Not to mention a moxie to create and innovate. Something that the legacy system cannot express.
You see we are limitless. The legacy system has limits not only to development but also to the structure itself. Debt ceilings, credit limits, rules to nowhere, regulations for everyone except the regulators, etc. In their minds it’s feast or famine. Or moreover the control must be maintained.
Otherwise why would the people need their system. I mean what is really being produced except more virtual credits on a computer screen. Cash as it exists may become obsolete in the next decade. This notion alone should scare the majority of the participants within the legacy system.
Continued transaction monitoring and flagging could be become the norm. Not to mention questioning of legitimate large financial transactions. Or perhaps a universal income stream that could be digitally turned off at a whim. Leave it to politicians to come up with sinister ways to extract value from people who simply aren’t paying attention.
Now I’m giving a possible worse case scenario. Perhaps it could be even worse. As they say give them an inch and they will take a yard. It is why blockchain is pushing ahead to attempt to negate this potential outcome. Centralized digital money is not only dangerous to your pocket book but also to the ability for financial privacy.
Right now the legacy system is going through some monumental changes. It’s also showing many cracks at the seams. Things are not working for everyone on this planet. Otherwise we would not have the huge wealth gap that currently exists.
It would only seem fitting that the gift of blockchain would be given to mankind at this precise moment in time. Otherwise there would be no alternatives. The games some of these people are playing would continue unabated. And the checks and balances needed would not exist.
Even powerful people need to be told they are screwing things up. Surrounding yourself with “yes men” has been the downfall of many great leaders throughout history. Again, this has all happened before. Sometimes a good taste of humble pie can go along way.
The value created within the blockchain eco system is no joke. In 2010 many scoffed at the notion of billion dollar valuations. They aren’t laughing any more. And this will continue since people are seeing the level of hypocrisy of the legacy system.
This movement goes beyond getting rich quick. At it’s core many around the world are fed up with being controlled financially. Not to mention working your ass off with very little to show for it. And all the while dealing with the token politicians seeking rent payments for producing nothing of value.
This financial awakening will be ongoing as people realize the ongoing mess that is the legacy system. And many will seek alternatives that give them control and privacy over their funds. It started out as a trickle. Soon the crypto movement will become a flood.
The number of tokens, coins, chains, games, etc will be too numerous to count. Frankly, I research a dozen or so projects daily. Some will thrive. Others may not.
In the end the amount of value created will be limitless. This notion alone should excite most of you. It will finally put to rest the scarcity nonsense that has plagued mankind.