Post
Topic
Board Economics
Re: The New World Order with Crypto and Blockchain Technology
by
exstasie
on 27/08/2019, 21:27:59 UTC
If a New World Order takes effect soon, do you think that all of the world's governments will make use of crypto and Blockchain technology to their fullest potential?

What exactly do you mean by "New World Order?" A one-world government?

Imagine if one world digital currency existed, where every single country makes use of it worldwide. Central Banks will act as nodes and miners of that digital currency, which is backed by the Blockchain. The single, unified Blockchain will prove to become highly scalable for the world, especially since it'll be extremely centralized.

Why bother with mining in such a centralized system? There's no need. The consensus is determined by trusted authorities. And sure, this sounds like a dream come true for governments until you realize all governments are competing against one another. They won't agree to give up their sovereign currencies.

I think the world would sooner return to gold-backed money than a one-world currency.

By making use of Blockchain technology for everything, global control will be enforced as it's much easier to track every single transaction made worldwide.

I do think governments are pursuing this on a national level. It's perfect for surveillance. I just don't buy into the whole one-world conspiracy theory.