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– TIMESTAMPS –
0:00 Intro
1:50 How crypto was mass adopted?
2:37 Coexistence of central financial institution cash & crypto?
7:03 Geopolitical panorama in 2050
10:11 How blockchain modified the financial system?
16:31 Disruption of authorized programs
17:49 Influence on authorities
19:32 Ultimate ideas
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📺 Really useful Movies 📺
► Vechain Overview:
► Aave Overview:
► Why Ethereum Is Worthwhile:
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📝 Overview 📝
As we speak I’m going to let you know a narrative about my journey to the yr 2050 and offer you a sneak peek of what’s in retailer for blockchain and cryptocurrencies.
I’m going to return clear right here, I didn’t discover a time machine in Coin Bureau HQ, nevertheless, this video does offer you a glimpse into my ideas on what could occur sooner or later.
❓ How Crypto Was Mass Adopted ❓
Sooner or later there are two sorts of cash.
► Central bank-issued digital currencies
► Cryptocurrencies
What’s attention-grabbing is that each sorts of cash co-exist in a parallel foreign money system. This works in an identical method to how the Cambodian Riel coexists with the US greenback in 2020.
Shops have two costs. A decrease one for fee in crypto and the next value for sovereign digital currencies. So, why is that?
The central bank-issued digital currencies are tracked and taxed by the federal government. Nevertheless, cryptos usually are not and that signifies that individuals can use them to keep away from crippling ranges of taxation. That meant that retailer homeowners might settle for crypto and never pay tax. Therefore why they have been mass adopted.
💰 Coexistence of Central Financial institution Cash & Crypto? 💰
The reality is that blockchain made personal enterprise and the general public sector too environment friendly and that led to lots of unemployment and the mass rollout of common fundamental earnings. That method, governments might difficulty digital cash they may observe and tax.
Clearly, most individuals need to keep away from tax and that’s why decrease costs are paid in shops if you happen to use crypto.
🌎 Geopolitics 🌎
The world is split between robust governments that survived the crippling ranges of debt attributable to the pandemic of 2020 and the crypto elite who management their very own fiefdoms.
How did a few of these governments survive? Effectively, that was due to some having sovereign wealth funds that diversified into crypto in 2020.
Sadly, the variety of authoritarian regimes far outweighs the variety of democracies sooner or later.
Sure, some crypto fiefdoms are run by benevolent rulers. Nevertheless, most are run by despotic management.
🔗 Blockchain’s Influence On The Financial system 🔗
Sooner or later, most individuals are unemployed as they’ve been automated out by blockchain tech like good contracts. Certainly, many firms are DAO’s with zero staff. All this has concentrated wealth into the palms of a tiny crypto elite of early adopters.
The monetary providers business has now fully disappeared as everybody was automated out by DeFi. Even inventory markets not exist. Certain you may spend money on firms, however you’ll purchase that tokenized fairness on an change.
The rise of decentralized search engines like google and yahoo and social media platforms ended up killing the likes of Google and Fb.
Additionally, there are only a few workplace staff sooner or later. That’s resulting from blockchain tech eradicating lots of the intermediaries and administrative effort concerned in document holding.
Provide chains additionally turned a ton extra environment friendly by adopting blockchain to trace and hint objects.
Many roles you are taking without any consideration not exist. Take taxi drivers for instance; they have been automated out by means of combining IoT and blockchain. Sooner or later, individuals’s major perform is to easily act as shoppers
Talking of buying, loyalty playing cards are a factor of the previous and retailer loyalty packages are actually fully digital.
Automation on this scale drastically reduces the worth of human labour. So that you higher hope you reside in a rustic with common fundamental earnings.
⚖️ Influence On Authorized System & Authorities ⚖️
Watch the video to listen to my ideas on how governments will undertake blockchain and the way the authorized system could possibly be revolutionized.
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit consequence.
#blockchain #crypto #future #cbdc #eth #bitcoin #btc
Source: Coin Bureau
48 Responses
Glad you guys liked the video! It really was an interesting thought experiment. Some may think of it as dystopian, others fascinating but it definitely was fun to make 😁
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So which country are you planning to move to Guy? 🙂
The beginning of the end. You couldn't buy trade or travel without the mark of the beast on your right hand or forehead…
When your content drops like a star wars saga 😆
(The obv video quality being greatly improved since this has dropped yet here we are reporting on the future)
Vitalik look the same man 😂
That’s why I only invest in real estate and crypto
and XRP at 10 000$
I think quantum computing will be a big part in the future of blockchain.
I need to improve my computer literacy 😂
Guy is truly a credit to the Cryptocurrency space. He adds credibility and thoughtfulness. Completely transparent and full of information. Thank you Guy!
great videos, love it
This is terrifying
the cash scenario hasnt played out yet
Great video as usual👍🏾… Just one main sector I think you missed in this black mirror Fantasy.
You still assumed we’ll be in this primitive system of governance, where life impacting decisions are left in the hands of a selected few. The way I dream it, smart contracts will usher in a new system government, Decentralized government (DE-GOV). Where every and anyone has an equal say in the decision making of the society, A true Democracy.
Maybe a far fetched, maybe not. But everything has as an end
The problem is, if people are actively evading taxes using crypto, the government would just make it illegal to use crypto and arrest millions of people until crypto dies.
So basically youtube also wont exist anymore. And even if it exists , there will be no ad revenue for people. So they wont even bother making videos. same goes for blogs, vlogs and even Television. Which means all of the information being constantly uploaded on the internet will just stop. Because there will be no incentive (revenue) for people in doing it. How will this situation be tackled?
HBAR is the future of currency.
Great job Guy. Thanks 🙏 🙏🙏
Loved the content..♥
Go Bitcoin Standart!
Bitcoin was created by the deep state. To normalize electronic money.
I think it's worth thinking about and investing. Elon Musk is obviously good at cryptocurrency investment, and he makes a profit for it.
High quality content !
With all the cool new innovations and use cases that a lot of different new crypto’s have, couldn’t there be something implemented where it’s built into the source code that the people that have nothing will be eventually be given all the newly mined or distributed tokens? Something built into the code that would come into effect when this very scenario occurs, it just seems like we’re saying it’s an undeniable problem that we can never change, but crypto also introduces limitless possibilities
Who is watching this during the great crypto wars of 2060
Excellent end quote! Love that one.
Why don't we make mass education an industry? Basic whole education. And the art of asking questions.
I make huge profits on my investment since I started trading with Mrs Noello Qazi, her trading strategies are top notch couple with the little commission she charges on her trade.
It explains everything…he has a time machine…
I love your videos. Best crypto content anywhere! Thank you.
Would BITCOIN not get replaced by another cryptocurrency that is more easily scalable as well has better consensus mechanism?
I recently just started investing in bitcoin when I learnt it was $60000 through the help of Austin and just an hour ago I got a profit of $9000 into my wallet.
Crypto investment is the only way to make massive income!!, Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Crypto and land. 10:54
I will be 69 years old in 2050😭😭😭
In 2050, Guy will become the most recommended financial advisor.
This is so cringe. Lol.
i check mine every hour lol
Great video
Epic video, most of things probably going to be reality in the future.
Hi,
Very nice vedio, I think due competitiveness US will adopt bit coin as parallel economy to counter Russia, China and others digi currency. By bringing a bill, I mean a platfom to exchange ur gold against usd.. which in 1971 was blocked by then president.. its how USA will keep claiming the strongest currency.. tax reforms .. might use iot and ai aswell.. I personally think.. there will always be tax avoiders and those who wont.
Did he say in 2025
in 2060 the aliens came and everything changed. we are at constant war with them as they wanted to take our crypto by force.
Great brainstorm experiment! Google and FB won't survive indeed if they keep acting like banks of data. In the future, your data makes you money, and money works for you seamlessly, even if you're not that rich! It will also be much easier to recreate a digital bridge for the middle class in the crypto world. So, not so sure about so many inequalities… Helping others will be much easier, we already see it with flash loans on Aave. I also think that Uber and Lyft don't stand a chance against Tesla.
Write a novel
Love it. You deserve 20 million views for this vid, rather than the 24k its currently at.
guy is definitely a time traveler
UBI Universal Basic Income… The next great AltCoin!