Flauwy, I really enjoyed this video. I have to be honest, I was very skeptical of cryptocurrencies for a long time. It took a lot of thinking for me to accept the idea of a cashless society as I am very old fashioned. For the longest time, “cryptocurrency” to me reflected some sort of totalitarian tool that can be used to track every transaction to further promote financial enslavement. Eliminating the possibility for peasants to steal bread to survive - sort of thing. It wasn’t until I noticed a hint of the anarchical movement in the crypto space that I took notice. I have always been a big conspiracy theorist, and I have spent many sleepless nights pondering the possibilities as to when the one world currency will come. I was consumed by this, which gave me no other choice but to take a step back and chill. It could happen today, or next week, or next year- all I know is that I’m looking forward to the chaos it will bring.
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I just hope that the chaos will not be as bad as some people say. That would be terrible.
There is definitely a possibility that it is the one world currency, even so, it would be much better to hold a fair portion as value than to hold it all entirely in fiat when there is a premeditated transition from fiat into one world currency.
Every single penny will have its unique identification code. The central bank, and the government, and the tax authorities, will at all times know in who’s wallet each cent lies. It will be possible to not only know about every transaction you did but also to determine when and why you received any money from anyone.
If you have financial secrets that you are hiding from someone like your wife,, business colleagues or whatever, it will still be no secret from governments, the tax authorities, the police, and everybody else who is able to investigate.
Of course due to the complexity these investigations will be done by computers rather than humans. The flow of every single cent through the economy will be visible to the Central-bank, giving them a much better tool to manage the economy.