LocalBitcoins remove ability to exchange for cash.
Binance DEX bars many western countries away from using its site.
US Regulators may demand wallets to exchange KYC information.
US government uses technology to scan and identify users on the blockchain.
Blockchain identity platforms.
Watching the development of technology day by day is more like tuning in to your favorite show -- everyday, it moves.
We can see China and the Eastern world embracing the digital economy after several decades of intense economic catch-up, and as they are set to become the world's most powerful economy in not very long, they are beginning to surpass the US economy, which continues to plummet with over 74 trillion in total debt, however more of them are going to work now with part-time and side-hustle work.
But the side hustles themselves are being held evermore by the internet, and an increasingly "blockchainized" economy may soon require a massive change in the US way of life.
The Removal of Cash
Bank services are limiting cash-related interactions and some businesses are jumping on board, too -- the mighty US dollar which once held the world is becoming increasingly irrelevant on the world stage.
It's actually interesting -- The government's regulations on the emerging cryptocurrency technology has caused companies like Binance, the world's leading exchange soon to be "decentralized" (We guess?), and many, many banking-crypto services like debit cards to bar the services from US and Western citizenry, meaning that in many countries we may not be able to participate, legally, in the crypto revolution.
The crypto revolution itself is quite a massive change in our way of life, that I myself fear a massive upsetting in the way of life of American citizens and the western world, a destruction of our paper money supply and a move simultaneously into Bitcoin (illegally it seems) and precious metals, with the Bitcoin blockchain being totally traceable by the government.
Knowing the U.S. empire, it will probably find all rhyme or reason to steal your money when the Federal Reserve notes cease to be. Every government does this in its late stages, with Venezuela lurking in the American future.
But let's forget all the talk and take my experience.
Something is changing. I don't know what but I can surely see a swift end and need to change our way of life here. We don't have friends, many of us aren't wealthy, and the younger generations just aren't feeling the vibe of the way our society even works.
But yet if we have jobs then it's all okay! Apparently corporate debt is not a problem, with blockchain companies especially being the example of what happens when markets go down instead of up, when businesses buying their own stock and market manipulation are what defines the way our market works.
It's not okay. The internet as a marketplace is truly a global one, which European businesses competing with American, with large Chinese companies allowing for the sale of products way under what the US would charge. Our economy is built on top of debt, on top of bills that don't care about whether or not you pay them. These bills won't stop when the paper that you pay for them loses its worth, which is exactly what even Trump himself admits will happen.
So okay.
The shift to gold and to Bitcoin. This is going to happen. What can we expect to do?
- Make friends. Go out more and find people you can vibe with. In America we are extremely divided and this has been imposed ourselves.
- Get real money. The paper is going to go away, and the crypto-blockchain replacement will become a massively dystopian nightmare, that is if the West is legalized to participate.
- Stop being fake. Our economy is fake, built on top of asset bubbles and debt obligations that cannot be repaid. Our relationships are fake and many of us don't even know our true ability to impact the world. Realize what makes you right in heart, and begin the road to committing to it.
- Get connected to the Earth: Natural resources instead of artificial stimulants. Natural light and reduced electricity usage. Food ought to be grown and the natural landscape ought to be understood instead of plastering more asphalt and upsetting the balance.