2/ We are going to see a time when Bitcoin will be wrapped on the sidechain. This is the power of smart contracts. Once this happens, Hive could be a transfer layer for Bitcoin, using fast and feeless.

#threadstorm 1/🧵 What would Hive look like with a wrapped version of Bitcoin tied to it? How would this change things? We are going to find out according to the people with SpkNetwork.

5/ This could include having Circle housing all of it backing assets at Treasury, putting it firmly under the control of the government. This is the Trojan Horse Congress could use. It is also much easier

4/ A more likely path could be for a government like the US to simply let Circle advance with USDC and then incorporate that into its control. It can do this through regulation or, worse, by effectively

3/ CBDCs are not in the interest of central banks. They do not need them. Instead, it is politicians who are frothing at the mouth to get them. Here is where we see the struggle for power. Yet developing

2/ Central banks already have their own stablecoin, they are called reserves. This is a bank instrument that is pegged to the unit of currency and redeemable in banknotes. These are only available to banks

#threadstorm 1/🧵 CBDCs have gotten a lot of attention. Many are claiming they are going to roll out in the next few months. This includes a "digital dollar" when FedNow goes live. This is ignoring

5/ We do not know what the future holds. Yet people are torching their reputation by doing things that cast them in a bad light. This is very difficult to change. It can take years to build and be destroyed

4/ In other calling someone out on twitter for failing to complete the transaction is more of a reflection on me than that person. That is not true on Hive. If one does something nefarious, the community

3/ Hive is different from other ecosystems. We could be maxis of whatever coin, interact daily on twitter, yet never trust each other enough to send them a dime. Why? Because there is nothing to lose if

2/ Is it worth more than $5K? Would someone send you that money with no assurances, and with blockchain there are none, that it would be reciprocated? If not, why not?

#threadstorm 1/🧵 How much is your Hive reputation worth? Would someone send you money, even a total stranger, based upon it? How much would they send you?

5/ In the end, I believe the coin governments will utilize is USDC. This is something the UDG can control since Circle will end up being a bank. It is also something that they can ensure transactions get

4/ CBDCs are a hot topic because of the danger they pose. Here is where crypto have to advance with its development. One big key is to turn to HBD, which is building real world use cases. This is a great

3/ This company garnered a lot of favor for its fight against the SEC. Make no mistake: Ripple is not crypto. It is part of the establishment and meant to operate and support the present system.

2/ This is going to be an end-to-end service allowing them to design, set up, and distribute their token. There is also a wallet system tied to it. Those in #crypto know Ripple is not a part of the industry.

#threadstorm 1/🧵 Ripple is adding to their platform. Now they announced the are going to allow central banks and governments to create CBDCs on Ripple. It will use the existing technology.