Hey @taskmaster4450

Great post.

I really hope you are right. You logic is sound and the facts and figures all seem reasonable. This could be exciting times for all of us.

But! 

I wouldn't write of those pesky bankers just yet. They are survivors and they prove time and time again that they are willing to do what ever it takes to stay ahead of the competition.  In some ways I see them trying to manipulate Crypto/Blockchain growth for their own gains. Probably in ways we have not even considered yet. I hope this is wrong and i'm just being pessimistic but I don't trust them as far as I could throw one of them and thats not particularly far, unfortunately!!

Let us all enjoy our crypto growth together but always keep one eye on the suits.

Cheers, Gaz.

>multiply it by 100 (actually I am starting to think it might be a thousand-fold increase)

This really is the case... rampant corruption lowers the value of fiat currency.

I can't wait for the day that debt-based economy dies and that $150T all goes into the blockchain.  Those greedy banksters will try to buy out all of the blockchains... like rats on a sinking ship... but guess what?  We'll just make some more; better blockchains that they can't own because they are greed-resistant.  It's going to be epic.  More better.

I do still think that banks will have a future! They will just change their business model. They won't go down like the old video rental stores, who did not see the change coming!
The future bank will be something like MyEtherWallet, where they do keep crypto assets safe for the people! And by doing this, they can sell loans(to buy a house for instance)  or insurances.
While I do like the future that you are describing, most people won't have the technical capabilities or just don't want to hassle to have their own wallet, in which they will store all crypto assets they have!
Just my 2 cents!

Blockchain will break the old system for sure, we just need to stick around with it for a little longer. For now, let's just enjoy the process, let us keep planting seeds, support this revolutionary technology and together, let us enjoy the harvest time :) Follow ✔ Upvote ✔

Seriously I dont think they will hang on for long. Things are changing rapidly and we will see their system collapsing in the next 3 or 4 years. Their future is in our hands, so we need to be strong until everything collapses :)

>What do you think will happen when we operate without interest? 

This is a serious question  like banks should be stressed at the moments since with crypto there are no charges on sending imagine placing 100  us dollars in the bank and in a space of a month they tell you your account has 96 us dollars  
crypto has no other option but to move up

I think something like mannabase can definitely afffect bankers. By the way have you noticed no manna was distributed today. Or is it just my account that shows no manna?

Well written and well analyzed post. I believe  a decentralized economy with the blockchain  transformation is our only panacea way of addressing the injustice in the financial sector. And by removing the bankster from our daily financial transactions and business.

Great article. 

Yes exactly it really does seem like every part of life will become Tokenized. Will be very fascinating to watch. Since as you say it opens up for so many new opportunities when all this money laying around is being used in more effective ways. Clearly we have super much money flowing around in the system and eventually we will probably see that it's not needed that much anymore. Which will free up humans even more to do more new task and research more areas. 

Will be fascinating to watch how the whole middle class will react and even the upper class when they need to adjust to this new system and we are already the experienced veterans in the field. At the moment many people are a bit paralysed by reading all the fearful news being created that is trying to control people's reality. But this will probably be harder for a central authority in the future to dictate what people see in front of their screens. I mean even the smartest people now on Earth barely understand this new technology and where it will go in the future.

But in the future the geeks will take over more and these people are less profit focused since they care about the geeky stuff much more. It's more engaging for them. It was never really about the money for the geeks. It was always about: What's possible? 

I'm starting to notice how Machine Learning is becoming more Intelligent to feed people more of what they want and especially feed people more high quality material. I have seen it on both YouTube and Instagram. This will probably eventually filter out all the low quality click bait stuff. People will start to demand better stuff. And creators will have more free time to create better stuff too. So it can be win-win on both sides. 

And when people see the massive value they can gain by being a digital creator this will encourage them to do much more good. Since everything is being recorded I think people will learn to behave better. Maybe get less drunk on Fri-Sat? Haha. Clearly many people want to do amazing stuff on Earth but it has been hard to become a creator and get revenue from it. Now we are making it easier for every day that goes. 

Becoming a master at Text, Video and Audio is a good future investment. Since people want to consume great present energy content. And when Machine learning faster can match up Quality Content with consumers then that will create a positive feedback loop of even more quality content being created.

You’re making me giddy with excitement when you say we’re going to a banker free world, taskmaster!

If there is a will, then there is a way.

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