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The Future of Crypto: From the United NATIONS to the United ORGANIZATIONS?

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It’s interesting to observe the financial and philosophical developments in the world; the way mainstream banking and finance responds — and has responded — to cryptocurrency developments.

In just a decade and change, we have gone from being largely theoretical ”nerd money” to becoming a ”passing fad” to now being a serious factor in world finance — according to coinmarketcap the aggregate value of the world's 7000+ cryptocurrencies is somewhat over one half TRILLION dollars.

Meanwhile Bitcoin — the crypto gold standard — approaches new all-time highs and we daily read or hear news about one organization or another adding cryptos to their portfolios.

But What Happens Next?

Although this may not be an opinion shared by everyone, it strikes me that we have reached a point in the evolution of cryptos where it has become too late to try to ”stuff the genie back into the bottle.”

What I mean by that is that there’s enough widespread use and involvement by ”traditional” investors and organizations that no governing body (not looking to commit political suicide!) can legislate cryptos out of existence, anymore.

And that anchor gets rooted a little more firmly every time we see mega corporate entities like Facebook (with their ”Libra” project) and PayPal getting into the game. The purpose of a corporation is to maximize profits and these organizations would not choose to become participants merely as a folly or fun diversion.

Permit me to Become "Blasphemous!"

Now, I realize a lot of people are concerned about the possibility of sovereign nations being replaced by some form of ”One World Government,” but I can’t help but wonder whether the eventual outcome of these power/profit hungry corporate entities getting into the cryptocurrency game will eventually result in the world becoming a sort of ”United Nations of Corporations and Organizations,” each with their own native tokens.

In a sense the corporations become the ”countries” of the planet, as the physical national borders between actual countries grow fuzzier and fuzzier and potentially melt completely away.

Maybe that all sounds really far-fetched, but consider that the Covid-19 pan-/scam-/plandemic is already restricting our physical movement, meaning that we are retreating ever further into ”virtual space” as a social substitute.

Building Brand Loyalty?

It might not be such a ridiculous assumption that the next step in the progression ”attaches” us to the service providers we use through some kind of native token that serves not only as a form of payment (currency), as well as a token ”investment” and a ”brand loyalty” program.

”When you sign up for Verizon and agree to a 5-year plan, we’ll give you 500 VerizonCoin!”

Tesla might issue their own coins, not only for buying and driving their cars, but also for their other products, and perhaps even as stock dividend payouts.

Other large organizations will issue tokens, locking people into their brand by offering discounts if you pay with their tokens... sold at a profit, of course.

Could it Happen?

If you are someone in the traditional world of centralized structures, how do you combat the threat of decentralization taking away your power and influence? Well, trying to actually annihilate such competition is costly and unlikely to succeed anyway (too late), but if you usurp the concept for your own benefit that seems much more likely to result in a beneficial outcome (for the centralized corporations).

Now, you might be thinking that we are all too smart to ”fall for it,” and I agree whole-heartedly.

Consider for a moment that I am not really speaking to you here. YOU are already educated in the function and purpose of cryptocurrencies and decentralization, so you can see through this stuff. So think instead of the response of your average "Jane and Joe Sixpack."

Because we aren’t the target. The target is the vast majority who are only peripherally aware of cryptocurrency and don’t know enough to distinguish between a token issued by Facebook, and Ethereum. Moreover, they have no real reason to understand the difference; their ”point of entry” is simply that they ”have heard of cryptocurrencies, and perhaps that everyone should get involved in them… and I have heard of Facebook, so that’s probably not a scam!”

Devil's Advocate...

Maybe you're ready to send me some hate mail — if you've read this far — for "daring" to question how the future might turn out... and let's keep in mind this is pure speculation, but there's something important to remember here:

In order to look into potential futures, we have to look at them not from the perspective of how we think, but from the perspective of how the average person on the street thinks. And most average people don't really trust changes to the status quo, so change often happens by tiny increments, and by disguising that change as "the old ways, except with a new coat of paint."

Ergo, "luring" them into crypto by dangling familiar brand names in front of them seems like a way to not only get them into crypto, but also to actually guide them away from the kind of crypto those of us who've been in the game for a while subscribe to.

The question is: What are WE going to do to prepare for this "Devil's Advocate" eventuality?

=^..^-

CuratorCat out... November 28, 2020 21:55 PST

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