Re: 🔥⛏️ [MAINNET] [UPX] uPlexa ⚡️ Anonymity and eCommerce via IoT
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Top 100 coins market cap is 121,554,359,665
All USD in circulation are: 15,000,000,000,000 + currencies of all other countries
Do you now see how small is the crypto compared to fiat?
So adoption can be force-triggered by China, Russia, some huge company or Darknet Cheesy
*hint: Darknet is already doing it, China is on the way.
And when this happens, a tons of fees will be saved, economy will speed up and the last one to adopt it might be even too late.
The ones who will suffer are banks and govts. The funny part is that they both can afford to buy all the crypto in the world right now (and maybe are gradually doing it).
Top 100 coins market cap is 121,554,359,665
All USD in circulation are: 15,000,000,000,000 + currencies of all other countries
Do you now see how small is the crypto compared to fiat?
So adoption can be force-triggered by China, Russia, some huge company or Darknet Cheesy
*hint: Darknet is already doing it, China is on the way.
And when this happens, a tons of fees will be saved, economy will speed up and the last one to adopt it might be even too late.
The ones who will suffer are banks and govts. The funny part is that they both can afford to buy all the crypto in the world right now (and maybe are gradually doing it).
The tiny market cap is what gives me hope for a 'better' global situation about crypto, but besides that... As QL mentioned, for now it's all about speculation and trading, nothing about real use.
Govts are probably done with crypto trading, as more and more exchanges are adding kyc (what for? Money laundering control? Naaah it's just to collect more taxes, friends
).But if / when it starts to be used the 'uPlexa' way, aka private transactions, that will bother them enough for them to try and choke the baby...
China is officially supporting crypto, from the price action this announcement triggered people seem to see it as positive news... Which kinda makes me laugh, as the Chinese govt has yet to prove that it's fighting for people's freedom of speech and actions... If China is really getting into crypto, it only means that the govt will create their own centralized and not private crypto, and this one would be the only one allowed for commercial transactions within the country.
From there it will just be another fiat currency, produced out of air like the rest of fiat currently, but with the speed and ease of use added (if they manage not to screw up that as well...)
The fact that Russia is showing interest in crypto as well (for now it's more like a love / hate relationship..) doesn't look much more reassuring.
Actually went don't want Govts to 'take interest' in crypto, we just want them to allow the movement to happen.
And that won't be easy!! Taxes are one of the rare ways for them to collect money to keep roads safe, have a Healthcare policy, pay the teachers and hospital workers.. With more or less success of course, but if you take that from them, the public services are mostly screwed