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RE: The Ongoing Crisis in Venezuela and the "Petro Coin" continues!
i doubt they will make all assets digital lol. Blockchain and government isnt very compatible since you can't alter transactions after the fact, you can't erase them either unless you change the whole concept at its core in which case its not much different from a classic system , or a torrent although torrents don't keep all files ever in one large file but i suppose the principle is somewhat similar. The day banks and governments accepts hyperledgers i'm afraid it means they found a way to cheat ;-)
I would like to believe the same and you do offer a very good argument to support what you say. I just can't shake the feeling that I get sometimes that "This is all a trap". As good as it could be.... What if the very thing that we thought was intended to set us free is what enslaves us? Could you imagine what the right corrupt individual/group could do with blockchain integrated into every aspect of our lives? The horrific examples that we could come up with are almost limitless.
i doubt any individual could do much with it because thats the whole thing : de-centralization, it would require a totally mayan shift (meaning : the socalled end of the world they predicted never meant "destruction of the planet" but rather "end of the old world" . It's somewhere close to the hindu yugas (which you can look up on wikipedia or im gonna have to write a whole book), cycles the universe goes through, where we now are in the Cali-yuga (which is the age of the demon Cali, not the goddess (hinduism is a very complex type of religion which actually encompasses "the one" but gives it over million faces, or facets if you will , which is another book , and i'm talking in brackets again like its a mathematical formula here
i was trying to say it's completely alike what the mayans were writing about : "cycles", meaning, (sorry for my typical chaotic way of trying to explain whats just one picture in my head here)
meaning after the Caliyuga there would be the satya yuga (which actually completely alike to the mayan new world) in which people (im getting to the point here i think) in which people communicate in thoughts, not words, effectively eliminating all lies and corruption (where in hindu the cali demon stands for the same : corruption-lies-greed, and the satya (age of shiva i think) stands for wisdom and too the end of lies)
which is what i meant by 'would require a shift to the mayan mindset' -> there's no secrets on a blockchain, its open for everyone to see, its read only, so it can't be altered after the fact (in theory - so far) so the lack of privacy we clearly already suffer from, look at even Zuck Prime standing before congress at the moment) would go both ways, IF government and megacorp adopted it to the fullest, there would be no hidden papers, no secret files, no fake bank accounts with slush money because it would all be visible to whoever would watch and therein lies the question, if government is to adopt it, is the populace willing to give up the 'illusion' of privacy it still keeps. As to the potential of it all, i don't think anyone knows for sure and it might just as well be proven to be completely hackable and unsafe ten years from now but
if you live by the crystal ball then not much will get done because no one will take risks
so the issue would once more be choice i suppose, something big gov doesnt like to give