Build Back Better - what it really means! with Crypto 4th Industrial revolution is HERE! the gre

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The fourth industrial revolution, the great reset by the world economic forum is a technological shift a digital transformation to update the global economy. where every aspect of your life will be linked to the internet of value, things, data. Blockchain technology will be the infrastructure of the fourth industrial revolution. This is why crypto regulations were snuck into the infrastructure Bill. The phrase build back better is indicative of this new paradigm.

We will see a galaxy of private blockchains (walled gardens) contained into a nations walled garden hosted on the world wide web of value. All digital infrastructure protected with layer after layer of dlt or blockchains. This is the foundation for the fourth industrial revolution. All the data, value, infrastructure needs to be secure and this is blockchains use case. Ripple is a US based company that has trusted tech. The United states is not going to trust a company that is based in China to build there infrastructure or to connect there walled garden to the internet of value.

Ripple’s partnership with the world economic forum is a standard setting committee. The reason this roll out has been delayed for so long is because corporations don’t want to spend the money to update. Government forces standards that the WEF suggested (the world economic forum has tremendous political influence across the globe) and the big corporates have to update their legacy systems and pay the cost. Biden has met with some of the largest banks, tech providers, to urge them to update. (cyber attacks are the catalyst its odd that Klaus Schwab foreshadowed these attacks years ago) Ripple as well as other large players like Alipay were part of the WEF standard setting committee. I believe the IOV standard will suggest Interledger protocol. Interledger is currency agnostic, and consensus agnostic, meaning that this tech is politically neutral therefore, nations can safely use ILP

From the FED to the banks is called the wholesale market. The CBDCS that I think will come first are Wholesale CBDCs and the banks will build there money off of the top of fed coins in there reserves.

For this all to work he private sector and the public sector need to work hand in hand for a smooth transition. Domestic currencies need to stay within their walled gardens. Tech needs be trusted. This is why public cryptos are vital, they are trustless systems. For this to work globally we need trustless systems. Within walled gardens trust can be skewed towards the sovereign but when leaving the walled gardens. TRUST IS KEY.

The 4th industrial revolution is using blockchain as infrastructure in my opinion this is why crypto has been banned with regulations. The tech is needed and bitcoin and more importantly digital assets are needed for this paradigm. Now investment banks are starting to lever up and trade bitcoin, Caitlin long explains that since bitcoin is not controlled by the banks like the gold market or any other market and bitcoin is in the hands of the people that this is a recipe for the banks to fail and for bitcoin to surge.

Wall Street has sleazed there way into crypto. As Caitlin Long has explained Crypto is a different asset class all together that they are not ready for. Gold is controlled by the banks. The central banks own the vast majority of gold in existence. Crypto started with the people the majority of crypto is owned by people and not the banks. Right now, wall street is levering up and manipulating the price of crypto however due to the supply and demand dynamic as well as volatility it’s very possible for there to be a short squeeze. And there is no clearing house for the banks to borrow. This is where I think Ripple’s Line of credit is going to be essential. Ripple is sort of like a digital asset central bank that is can lend XRP on the arm. Ripple has 1 billion XRP from escrow each month to lend. Ripplenet tech and the new ODL wallets allow banks to custody tokenized assets on any chain, use as a payments platform and have a direct line to ripples line of credit.

#btc #xrp #ripple