5/ Businesses will always operate in their own best interest. This is something repeatedly proven. For that reason, CBDCs will fail and crypto will prevail.

4/ This is not governments. Instead, it is merchants, business people, and other entities. These are the ones who create the demand. They also decide what is utilized.

3/ Money is a tool for trade. That is what it does. It was the case from the start, when barter was replaced and holds true today. That means money is of the benefit who are involved in the trading process.

2/ The problem with this viewpoint is we are not dealing with what actually took place throughout monetary history. There is a lot of basics this overlooks.

#threadstorm 1/🧵 CBDCs send fear through the cryptocurrency community. Many believe governments will bring out their own CBDC, outlaw crypto, and dystopia will follow.

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6/ And will have to use decentralized tools.

5/ DEX and liquidity pools are going to be the norm. If TradFi eventually wants it, it will have to buy off the open market.

4/ That means $HIVE and $HBD will have to rely upon the world of DeFi. This is where its future resides.

3/ We are also going to have regulation which is going to force compliance. That means those coins that cannot be controlled will have to operate outside this system.

2/ The problem with this viewpoint is the fact that Wall Street does not seek to join. It looks to take over and control. This is what the institutions there do.

#threadstorm 1/🧵 TradeFi is coming for cryptocurrency. It seems like each week we get another entity that is doing something with crypto. Of course, the industry applauds since it only wants price to

5/ Ultimately, the value of a currency is derived from the utility, ie economic productivity tied to it. This is something that is going to hinder the asset backed stablecoins.

4/ Algorithmic stablecoins can be created in the trillions. This is what is required. Of course, to do that, value has to be generated first. Here is where the building of the system comes in.

3/ Then we have stablecoins. The problem here is most are opting for the asset backed route, mostly with USD and cash equivalents. This means the expansion is still dependent, for the most part, on commercial

2/ The challenge is to have something that can expand along with having price stability. This means most value capture tokens i.e. crypto is out. The volatility makes it ill suited.

#threadstorm 1/🧵 There is a shortage of money in the global financial system. Whether we look at legal tender currency or collateral, both systems are suffering. Digital assets can be a solution to this

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5/ So the question is who does it appeal to? Not the general public. More contained in the article.

4/ Spreading Hive all over social media is not effective. The reason is because people do not care. Hive is, at its essence, a back end, text storage system. That is all it is.