The Efficiency of Trustless Systems in the New World

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Trustless systems are fundamentally changing the world. This idea is as big as the printing press, or railroad. The benefits crypto offers trumps the obstacles it faces. Trustless

We are on the verge of a global recession however there is so much leverage and printed money in the system that if we were to experience a downturn it would quickly become a depression. This is why the central banks are inflating no matter what the cost they cannot allow a downturn to occur. Now enters this new technology that can increase money velocity (how much money is spent) and global GDP without money creation. These highly efficient crypto networks can take all of the friction out of the system and the cost of friction is handed down to businesses and consumers. In other words the only tool central banks have is to print money and this makes the problems more extreme wealth gaps, more risk taking, debased currency while crypto networks do not debase the currency and allow trade and financial assets to run more efficiently therefore more economic activity without the side effects.

The issue is crypto allows everyone to have the freedom of money. The governments want to reap the benefits of highly efficient crypto networks but at the same time they don’t want to lose control over money. This is why harsh regulations are being introduced. The enterprise blockchains will be able to go through the proper channels but blockchains for the people are going to have impossible obstacles to overcome. Bit by bit piece by piece this is the goal to contain crypto for the big banks and institutions. Will the be successful? But it’s a good thing the banks that use the XRPL can follow these laws.

Imagine a world where conditions are written into the money. Regtech that allows regulations to be enforced as money is being used. Artificial intelligence studying all transactions and extracting data for the banks to use for their benefits. The central planners will have the ability to shape behavior based on economic data.

The governments of the world are moving to Central bank digital currencies. There will be blockchains that interact with cbdcs that fill in the gaps. The blockchains that work with central bank digital currencies will be the winners. We are watching laws being rolled out that favor the winners and are creating the losers. The infrastructure bill targeted Proof of work, proof of steak blockchains. The XRPL does not reward nodes therefore the participants are not defined under the bill. The senators that are anticrypto are proposing laws that would benefit the XRPL for example Don Byer proposed a law that would define XRP and clear the SEC lawsuit.

Bkash in bangledesh is a fintech company backed by the world bank, the bill and Melinda gates, and Ant financial.
Everyone in bangledesh has a bkash wallet and is a platform the nation uses for transaction similar to Alipay or wechatpay in china.
By allowing people to trade without friction Bkash has made the velocity of money increase, the gdp of the nation increases and is digitizing the nation.
The nation of bangledesh is creating more jobs and wealth due to the innovations of The private sector. Creating more domestic products meaning more stuff for sale and more wealth they can export or trade with other nations. Making there nation richer. Bkash is leading the way to prosperity by utilizing blockchain technology that runs on ripple.

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