#threadstorm Tokenization is Securitization on Steroids

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5/ There are 3 reasons why all this will fail. It is going to likely be on an epic scale.

4/ Politicians believe they now have the opening to take even greater control. This will not happen.

3/ Even today, they are the ones who run the ledger. This means that fractional reserve banking puts legal tender outside the control of the government (and central banks for the most part). CBDC are a

2/ Money was created to facilitate trade. Thus, it was merchants and business people who were the beneficiaries. In later year, banks stepped in as the central piece to the puzzle.

1/ CBDC are the governments answer to money. It thinks it has a way in to control something that was outside its reach. Monetary history is such that money was not under the realm of govts like many believe.

#threadstorm 3 Reasons Why CBDC Will Fail

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5/ It also shoots a hole in the theory of one coin or token ruling them all. This is a stupid concept that falls in the face of technology and how things are advancing.

4/ With personal assistants and other autonomous technologies, the idea of corporate ownership is going to diminish. We are going to see a spreading out in directions few can envision.

3/ How will this work? Blockchain is the answer. Taking a number of nodes and getting them to agree (consensus) is what every network does. This is ideal for a federation of DAOs that are interacting.

2/ The future is DAOs. Decentralized Autonomous Organizations is what is going to house our data. This will be the way autonomation occurs with the DAOs interacting with each other. We can see hundreds

1/ People look at blockchain and only think of cryptocurrency. However, when we look at AI and autonomous agents, it seems like it was created just for this.

#threadstorm DAOs Are The Future Of The Internet

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5/ We have to focus upon what truly is transformative. That is building out a system that enables people to access the financial services required.

4/ We see how many ecosystems totally overlook this. The solution is a robust defi network. Unfortunately, like most things in crypto, it was hijacked by the speculators.

3/ When looking at this from the perspective of economy building, which an individual is a part of, it moves into the realm of financial services. This is where ecosystems like Hive has to target.

2/ Getting money in digital form is an important first step but it is just that. No economy is going to be transformed by this.