Disbelief...

What is the future of money? Well, looking at the current trends it is crystal clear to me that it(the money of the future) is going to be digital. The era of "paper use", whether we refer to paper money, paperwork, and whatever we currently have related to such use cases of "wood extracted materials" is about to die.

I don't know about toilet paper, but who knows... Shit is probably gonna become digital too :). Anyway... As we can see right now, Bitcoin looks to be posing a threat to the US dollar, judging by the way the lawmakers have recently turned 180 degrees on their stance on Bitcoin.

There are all sorts of lawsuits filed by the likes of SEC and CFTC against crypto companies(they can't sue Bitcoin though ;)...) and today Bittrex announced that it will wind down its activities in the US due to "regulatory uncertainty". Was America a crypto-friendly country so far?

To me, it was, although not as friendly as El Salvador is. But now, while the war against crypto is not "loud and noisy" it is clear to me that we will get to witness an exodus of crypto companies from the territory of the US in the coming months and years. Crypto was supposed to be digital and borderless, but the plebs didn't properly leverage that.

They wanted CEXs so they can swing from dollars to Bitcoin and back trying to make more dollars instead of focusing on trading the dollars for Bitcoin, and never sell that Bitcoin for dollars again. Bad move... But, what about the future of money? Well, here's what chatgpt thinks about it.

One possibility is that physical currency will become less common as more transactions are conducted electronically. Cryptocurrencies like Bitcoin, Ethereum, and others are already gaining popularity as alternatives to traditional currencies, and they could become even more widespread in the future. These digital currencies are decentralized, meaning they are not controlled by any government or financial institution, and they allow for faster and cheaper transactions.

Another possibility is that biometric technology will be used to authenticate transactions. Instead of using passwords or PINs to access their accounts, individuals could use their fingerprints, iris scans, or other unique identifiers. This could make transactions more secure and reduce the risk of fraud.

Overall, the future of money is likely to be shaped by advancements in technology and changes in consumer behavior. It's impossible to know exactly what money will look like in the future, but these are some possibilities based on current trends.

Yes, I'm not a fan of using AI, but I felt like giving it a try for this one and the answer was kind of predictable to me. Digital cash will replace paper notes, debit cards will be replaced by so-called blockchain technology(centralized blockchain technology) and biometric identifiers instead of PINs and passwords, and so on and so forth...

The elites are clearly going to try and centralize their control over the power of issuing currencies and how these currencies can be spent by the users, there's no doubt about that, but that doesn't mean they can kill crypto. There's no doubt about that either... So, why aren't the masses not buying crypto right now?

It's because they are in disbelief. Even the ones who have not yet owned any sat or any sort of crypto so far are hesitant to do so because Bitcoin is volatile and governments can ban it... To me, this is a typical disbelief type of thinking.

Even the ones who are in crypto for a few years now refuse to "believe in the rally". They are constantly trying to find external factors that could feed their bias according to which we are still in a bear market and we're gonna have a multi-year one. Bitcoin has recently recorded a $9,000 green candle... You don't see that in bear markets.

The bear market is over...

You can clearly see the direction money is taking and even though we didn't have a significant evolutionary loop for money in ages, the current one is something I wouldn't be excited about. Convenience is the advertising we're being served for accepting digital cash, but chains are what we're actually going to be served.

Gold is a valuable asset, but for those who still live with the traditional system values under their pillow. For the more rebellious ones, crypto is the lifeboat. So, why would you wait to first test CBDCs and then buy Bitcoin when you can do it now? It is probably just because you are in disbelief, a sentiment created intentionally by the elites of the world just to keep you away from crypto while they make digital cash(trash) happen.

Too much disbelief for the opportunities that we are being offered imo... Much of the worth buying altcoins are still 90% underwater since their past peaks but many of us are hesitant to touch them. Let that sink in...

Thanks for your attention, Adrian

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