The Daily Contest - Trillion Dollar Market Cap! - My vision of a future world running on blockchain

in LeoFinance • 4 years ago (edited)

This is my entry to the The Daily Contest - Trillion Dollar Market Cap!

My crystal ball humbly reveals:

  1. Fiat currency runs totally on the blockchain (CBDC).
    Cash notes are completely abandoned.
    The same is true for the current form of digital fiat, that is stored in relational databases, authorised and cleared by traditional payment networks (VISA, SEPA, ...).
    Central banks issue their fiat currency directly, without lending to commercial banks. For the first time in history, we, the everyday people, become direct customers of Central Banks.

  2. Tax collection becomes an automated process operated by smart contracts on the blockchain. Sorry for the accountants friends, but their sector will be dead soon...

  3. All kinds of state governance is operated on the blockchain technology. Every state document, certification of any kind, property right etc. is issued on the blockchain. Counterfeiting of these documents becomes a thing of the past.

  4. Commercial banks finally engage with cryptos. They offer crypto custody services, as well as lending with crypto collaterals. They enter the Bitcoin mining sector and run validation nodes and stake pools for various coins/networks.

  5. A whole new sector of decentralized apps flourishes and offers well paying jobs opportunities to the tech guys. A tiny percentage of them become the new Larry Page and Mark Zuckerberg of the blockchain era.

  6. Consumers are offered a great variety of new, faster, cheaper, safer services.

  7. Warren Buffett fails spectacularly one more time with tech. He denies to invest in the (about to boom) blockchain sector asking: "Why do we need blockchain?", as he did decades ago when he denied investing in Google on its infancy asking "Why do we need search engines?"

  8. People carry on with their lives and use the new tech in the same way they used the old:
    to manifest the best and the worst aspects of human nature...

PS. If you would like to, you can follow me on:
🚩 twitter: https://twitter.com/cryptovios1
🚩 youtube: https://www.youtube.com/channel/UC4t1o-i3DUieL5erhYYFYTQ
🚩 3Speak: https://3speak.co/user/cryptovios
🚩 Torum: https://torum.com/u/cryptovios
🚩 Publish0x: https://www.publish0x.com/cryptovios

Posted Using LeoFinance Beta

#leo #cryptocurrency #blockchain #contest #future #leofinance
4 years ago in LeoFinance by
$0.12
  • Past Payouts $0.12
  • - Author $0.06
  • - Curators $0.06
21 votes
Reply 10
Sort:  
  • Trending
    • [-]
     4 years ago  

    Cool and I agree but we are talking a veeeeeery distant future here :)
    How many years do you see before this happens?

    Posted Using LeoFinance Beta

    $0.03
    • Past Payouts $0.03
    • - Author $0.01
    • - Curators $0.01
    2 votes
    Reply
    [-]
     4 years ago  

    1. All the major central banks have officially announced they are working on CBDCs. They will probably deliver within the next 5 years

    2. Tax collection smart contracts will take 1-2 years after the CBDCs are live, so about 6-7 years from now.

    3. State documents blockchain issuance will take more time, maybe by 2030-2035

    4. I expect major banks to engage cryptos very soon, maybe this year, or in 1-2 years.

    5. The blockchain development sector has already started to rise. As a software developer who has worked in more traditional areas, I am keen to move to blockchain development on the first opportunity I find in front of me :)

    6. It is already happening.

    7. He is always wrong about technology. He said "bitcoin is rat poison".

    8. This is true since the birth of mankind.

    Posted Using LeoFinance Beta

    $0.00
      Reply
      [-]
       4 years ago  

      xairetismata apo agglia

      Posted Using LeoFinance Beta

      [-]
       4 years ago  

      Γεια σου φίλε. Που στην Αγγλία;

      Posted Using LeoFinance Beta

      $0.00
        Reply
        [-]
         4 years ago  

        Congratulations @cryptovios! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

        You made more than 10 comments. Your next target is to reach 50 comments.

        You can view your badges on your board and compare yourself to others in the Ranking
        If you no longer want to receive notifications, reply to this comment with the word STOP

        Do not miss the last post from @hivebuzz:

        Feedback from the January 1st Hive Power Up Day
        $0.00
          Reply
          [-]
           4 years ago  

          Great post, Συγχαρητήρια!

          Posted Using LeoFinance Beta

          $0.00
            Reply
            [-]
             4 years ago  

            Ευχαριστώ φίλε!

            Posted Using LeoFinance Beta

            $0.00
              Reply