/biz/ - Business & Finance

We in the beginning stages of a new Great Depression anon

Yes or no?

The banks won't allow BTC to become the reserve currency. They'll find another up and coming crypto to push to the forefront some number of years from now

Universal Basic Income is an idea we should keep testing because it may be necessary in the face of further automation in addition to the fact that it's a better option than the fucked up system the is welfare. If she's alluding to UBI I'm all for it, if she just wants more broken welfare she can fuck off

When will you idiots finally realize we're in the long-term bear market portion of the crypto cycle? Just set your BTC buys near the likely bottom somewhere in the $1.5-2.5k range and forget about crypto until that happens. Only pain and suffering will follow if you do otherwise

ok /biz/, take your shill caps off and so we can talk about some realistic speculation here. so we already have orgs like R3 and the EEA are working on blockchain, and there are projects like hyperledger fabric and quorum in the works, so I think I'm getting an idea where private companies might be going with this.

here's my hypothesis:
>I think the banks and money transmitters might actually be planning to go toe-to-toe with public blockchains in their own permissioned private deployments, but not to be internal or private to 1 organization.
>I think the private blockchain(s) will be open to the large players like major banks, central banks, and major money transmitters around the globe.
>this would be comparable to EOS, but the 21 delegated BPs would all be those major financial institutions/central banks running their own nodes, and smaller institutions as the 100 backup nodes/primary users, and then the 3rd level of regular users which would be the general public
>this way domestic and international payments can be instantly settled across all parties and they could effectively kill many use cases for public blockchains
>assuming all these institutions are willing to work together (debatable)

I think the biggest risk is to standard payment cryptos, not as much dapp platforms. discuss.

Even if it doesn't adjust for inflation a steady yearly payout is a hell of a lot more manageable than $1 million straight up and I can't lose it all from dumb choices of my own