Post
Topic
Board Economics
Re: What would a Crypto-only economy look like?
by
Darker45
on 23/05/2020, 03:31:28 UTC
Everything will operate autonomously and decentralized...

...governments and big corporations might cease to exist...

People will be able to gain autonomy over their own money...

...reducing corruption and fraud in every way possible.

Negative events in the mainstream world will have little to no effect on the world's economy...

No one will be able to control people's actions worldwide...

it'll be a "free for all" scenario...

What I am confused and even sort of afraid of when people think of a world where cryptocurrency prevails is that some of them think that it must be a utopia; that cryptocurrency will turn this topsy-turvy world into one which is orderly and peaceful and free. I'm afraid that won't ever happen. It certainly takes more than just a medium of exchange for the world to be like that, if it is even remotely possible.