5/ Then we need to factor the FOREX risk added into the equation, something that severely affects the debt many of these countries hold.

4/ Charles de Gaulle shows the flaw in commodity backed money. Of course, we also are now, with this idea, introducing counterparty risk to the equation.

3/ Then we had the petroyuan which was designed to trade #oil outside the USD. This was the alternative claimed to rival the USD in oil sales. That didnt have much impact.

2/ There are many problems with this idea especially if it is constructed similar to the euro. That currency had some flaws from the beginning. Of course, it was meant to rival the USD.

#bitcoin is actually in a nice range. Some might think of it as consolidation.

#threadstorm 1/🧵 The gold bugs are all excited about the idea of a gold backed currency by the BRICs. This is a situation we see periodically as they try to bring the idea of a currency that is backed

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5/ It is also the major advantage that Hive has over other platforms out there.

4/ Hive offers an alternative. One does not require resources to get started. Instead, he or she can garner rewards simply through the actions taken. This is a marked difference.

3/ Cryptocurrency is following suit. The main way to get involved is to buy in. This is true for most coins and tokens, including Bitcoin. In this sense it is replicating the existing system.

2/ One of the primary issues is exclusion. We have a system that is based upon one having resources to participate. Unfortunately, this excludes much of the global population.

#threadstorm 1/🧵 #crypto promised to offer changes to the world. The idea of a new financial system was promising. Everyone knows it is needed. However, does it solve one of the main problems we have.

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5/ Those projects that allow people to get in without having resources are the ones that will radically transform things. We could see more with tokens than the centuries of stock holders.

4/ Here is where tokenization steps in. It allows for people to own pieces of protocols and networks that operate globally. We can also get involved in revenue generating projects.

3/ This will unleash fractional ownership in a way we have not seen before. Even though this is about 3 years old, it is something few around the world even participate in.

2/ This is going to change with tokenization. We are going to see all this transition to a state where the value is captured and many can participate.

threadstorm 1/🧵 Web 3.0 is going to be one of the most powerful things the world has seen. The Internet is already worth tens of trillions of dollars, value that is not really quantified nor captured.

5/ Money and finance is not digital, i.e. technology. This means that we are going to see FinTech, including crypto in this. What is really taking place is Web 3 versus Web 2.

4/ Apple showed the power of a tech company with a digital wallet ala PayPal. It was able to pull in a billion dollar in a few days. Now we have Musk wanting into payments. He is filling for licenses.