Imagine a world where businesses, merchants, and everyday people use crypto as the only medium of exchange. Everything will operate autonomously and decentralized without the need for third parties. In this world, governments and big corporations might cease to exist as everything will be guided by both Blockchain technology and AI. 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, as it lives in cyberspace. No one will be able to control people's actions worldwide, as it'll be a "free for all" scenario. Central banks will no longer be relevant, as people will become their own bank via the use of various interconnected Blockchain networks.
While all of this seems to be more of a dream than anything else, there's a possibility it could happen in the future if people lose trust in governments, central banks, and conglomerates alike.
What are your thoughts?
While all of this seems to be more of a dream than anything else, there's a possibility it could happen in the future if people lose trust in governments, central banks, and conglomerates alike.
What are your thoughts?
I don't see a gap that bitcoin can break through existing systems. If there is a revolution towards a decentralized system I am excited to know how the rulers of the pyramids took positions in a decentralized system.
But in my opinion the adoption of a full decentralized system is not possible. Because it is not the plan of the maker of the world economic system.. .
It should be possible and easy to achieve once people understand what decentralization actually means.
If you can have "fully centralized" systems you also can have fully decentralized ones.
This explains what decentralization actually means in my opinion: https://bitcointalk.org/index.php?topic=5249300.msg54453340#msg54453340
Is that so hard to achieve ^.
The decentralization doesn't necessarily have to be imposed, though it's the right way to go. And no one has the right to stop people from choosing and following the right way.