In one of his lectures, Terence McKenna says: " Humanity Thrives on Chaos". And I think that this quote stands to be correct when I see the current state of CryptoCurrency.
But sooner or later things will change, everything will settle down and a baseline of operations will be placed.
The question is though, how will Governments find a way to benefit/integrate from this massive pool of Income? The unregulated aspect and transparency make it nearly impossible for "Behind the Curtains schemes.
One World Government
One coin which has the same value in every spot of the world. This is the closest thing we can see to a One Government model.
The first attempt at regulation, a small one, was made by the launch of ripple, XRP. But that failed fast.
XRP Total Supply 99,992,725,510 XRP
Supply released to the Public 39,009,215,838 XRP.
Where is the rest of 60,000,000,000 XRP you may ask?
This is one example of how the transparency of the whole thing shows people that there is something fishy going on. And that's why the old "behind the curtains" thing will inevitably not work.
But let's not focus on XRP, that boat has long sailed.
Currently, the ball is in the hands of the Free people and Governmental control is loosening up as more and more money is invested in Digital Assets. Therefore the free people are making the path towards a new beginning and making the guidelines as they go about.
This leads towards the idea that if CryptoCurrency becomes a standard, then a combined Governmental Regulation scheme will be in order, otherwise, it would be impossible to Regulate.
Two Outcomes
Personally, I love the chaos that Crypto is Creating, out of it all comes birth to so many brilliant things. The freedom and liberational aspects of it all are beyond anything offered by any governmental agenda.
Although, There are two outcomes to this within my mind. A non-regulated, decentralized market would propose that all parties are Equal, even if we disregard the financial support behind anyone.
This leads to the idea that either the Crypto Space will be " Governed" in the future or the Crypto Space will "Govern" the Governments themselves in the future.
The outcome of this is uncertain and stands to be seen because it depends on how we pass the ball around. But in both case scenarios, I am quite certain that CryptoCurrency is the future money.
One other thing is that, if CryptoCurrency is regulated by the free people and stays that way, also becomes a new world currency, then that will define Politics useless of any control other than that of serving their people.
This article is a tad short but I was thinking about this and decided to share my thoughts and get some feedback if possible.
So, what do youthink ?
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