So what it is to be? Are you an optimist and is the glass half full? Or are you a pessimist and the glass is half empty. Or maybe you are a Bitcoiner and the water in that glass is totally centralised…
Well the markets are stable, if a bit sluggish. The Crypto Spring seems to have arrived, even if it is a bit tardy and the sun is meant to shine this holiday week – so all is good.
Then we are witnessing a plethora of private blockchains – JP Morgan and now the IMF and the World Bank. Although chairperson Christine Legarde of the IMF feels that bitcoin might shake up the financial systems and cause a loss of stability. Hmm is that a bad thing? I like the sound of shaking up the financial systems.
So too there is talk about how blockchain can enable Universal Basic Incomes 0r UBI. I really like the idea behind UBI – it would be paid for by eliminating all those jobs in the dole and social protection departments. Blockchain is seen as a means of monetising people’s personal data and paying them directly. While this is definitely a ‘thing’ the question is will the amount be enough to be a UBI. And I guess that while a small income might work in a developing country, would the data belonging to a citizen in a developing country be considered as valuable? The old chicken and egg scenario.
Recommended for You
And if we want to make really bad jokes with Games of Thrones arriving on our screens tonight, I really have to say – in the game of crypto – you HODL or you die….
Happy Crypto Week