Nothing will convert the world to crypto faster than conflict. We are about to see several conflicts occur nearly simultaneously - call it an “omni-event”
Great read! One comment I have is related to the regulation section where you discuss banks could blacklist individuals interacting with crypto which will be a strategy used to protect themselves and their business. This could potentially play out, but I believe its' an oversimplification of what would really play out.
Just like with the narrative of "all governments will ban Bitcoin", what is not taken into account is the game theory. If a lot of banks began blacklisting individuals who owned crypto, I could see some institutions taking the opposite approach and welcoming those individuals to their bank. A lot of crypto individuals include high net worth individuals and not everyone would want to pass on doing business with them.
Very well said! The next several years (likely middle / end of the decade) should bring to light this impending conflict between money created by the state and money created by the individual. Will be interesting to see how that plays out given the sovereign debt bubbles and the risks associated with that. I suspect, once the crypto market is large enough, people could simply opt to transact in crypto and not need on / off ramps into state money.
Prescient synthesis of geopolitics. Whether these occur simultaneously or not these can all happen. What is so insightful is that the Asia (ex-India) is aligning itself with China and do not think there is sufficient comprehension by the West. Pax Americana probably needs a rewrite to keep it viable. Digital currencies/investments seem inevitable in some form but is no one factoring in possibility of deliberate EMP attack?
Far easier to evade Government tracking, pseudoanonymous indelible ledgers and preserve wealth through precious metals than risk correlated assets such as cryptos.
Great read! One comment I have is related to the regulation section where you discuss banks could blacklist individuals interacting with crypto which will be a strategy used to protect themselves and their business. This could potentially play out, but I believe its' an oversimplification of what would really play out.
Just like with the narrative of "all governments will ban Bitcoin", what is not taken into account is the game theory. If a lot of banks began blacklisting individuals who owned crypto, I could see some institutions taking the opposite approach and welcoming those individuals to their bank. A lot of crypto individuals include high net worth individuals and not everyone would want to pass on doing business with them.
Nice article. What do you think of privacy-centric coins that dont use a transparent ledger ? Only used by terrorists, right ?
Very well said! The next several years (likely middle / end of the decade) should bring to light this impending conflict between money created by the state and money created by the individual. Will be interesting to see how that plays out given the sovereign debt bubbles and the risks associated with that. I suspect, once the crypto market is large enough, people could simply opt to transact in crypto and not need on / off ramps into state money.
does crypto still value so much in a lawless world?
If Russia and China both jump into kinetic conflicts with The West simultaneously, how long before the web is shut down completely?
FB and Amazon's recent outages would seem to be a dry run for such a world, don't you think?
Prescient synthesis of geopolitics. Whether these occur simultaneously or not these can all happen. What is so insightful is that the Asia (ex-India) is aligning itself with China and do not think there is sufficient comprehension by the West. Pax Americana probably needs a rewrite to keep it viable. Digital currencies/investments seem inevitable in some form but is no one factoring in possibility of deliberate EMP attack?
Far easier to evade Government tracking, pseudoanonymous indelible ledgers and preserve wealth through precious metals than risk correlated assets such as cryptos.