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Ray Dalio Must Not Have Heard Of The "Great Race" by taskmaster4450

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hive-181335 · @taskmaster4450 · (edited)
$25.17
Ray Dalio Must Not Have Heard Of The "Great Race"
<center>

[![](https://img.3speakcontent.co/fgvoiicc/thumbnails/default.png)](https://3speak.co/watch?v=taskmaster4450/fgvoiicc)

▶️ [Watch on 3Speak](https://3speak.co/watch?v=taskmaster4450/fgvoiicc)

</center>

---

Ray Dalio is at it again, claiming that if Bitcoin gets too big, governments will step in and stop it.  He obviously does not understand what is taking place all across crypto land.

In this video I discuss how much things are changing and how we are embarking upon a path where we will see "escape velocity" achieved.

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▶️ [3Speak](https://3speak.co/watch?v=taskmaster4450/fgvoiicc)
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vote details (357)
@ai-summaries · 
**Summary:**
Task discusses Ray Dalio's recent comments on Bitcoin and cryptocurrencies, where Dalio expresses concerns about governments potentially banning Bitcoin if it becomes too popular. Task agrees with Dalio on Bitcoin's role as a store of value but disagrees on the impact it may have on monetary systems. Task delves into the broader context of cryptocurrencies, highlighting the diverse range of tokens beyond Bitcoin and the potential threat they pose to government power. He introduces the concept of the "great race" between government/banking institutions and advocates for the transformative potential of cryptocurrencies in reshaping governance systems. Task criticizes traditional figures like Dalio for their lack of understanding of the evolving digital landscape and foresees a future where decentralized governance systems powered by blockchain technology will disrupt traditional power structures.

**Detailed Article:**
Taskmaster4450, in his video, delves into the analysis of Ray Dalio's viewpoints on Bitcoin and cryptocurrencies. He acknowledges Dalio's credibility as a seasoned Wall Street investor but challenges his reservations regarding the future of Bitcoin. Taskmaster4450 aligns with Dalio on Bitcoin's store of value proposition but diverges on the potential disruptive impact cryptocurrencies could have on traditional monetary systems.

The discussion broadens to encompass the wider spectrum of cryptocurrencies beyond Bitcoin. Task emphasizes the varied forms of tokens, from security tokens to governance tokens, illustrating the increasing complexity and diversity within the crypto space. Furthermore, Task points out that while Dalio focuses on Bitcoin, a myriad of other cryptocurrencies and blockchain projects exist, each with unique value propositions and governance structures.

Task introduces the concept of the "great race," highlighting the ideological conflict between traditional power structures represented by governments and banks, and the disruptive, anti-establishment ethos of the crypto community. He envisions a future where blockchain technology enables decentralized governance systems, challenging the monopolistic control of traditional institutions.

Task evaluates the potential of blockchain technology to revolutionize governance, proposing a future with governance systems devoid of politicians and bureaucrats. He underscores the efficiency and transparency benefits of decentralized governance models, fueled by the proliferation of governance tokens and blockchain-based decision-making mechanisms.

In critiquing figures like Ray Dalio, Task asserts that their apprehension towards cryptocurrencies stems from a fundamental misunderstanding of the transformative potential of blockchain technology. He emphasizes the rapid pace of technological advancement in the crypto space, stressing that regulatory bodies will struggle to keep pace with innovation, leading to a paradigm shift in governance systems.

In conclusion, Taskmaster4450 advocates for continued innovation and adoption in the blockchain space, portraying cryptocurrencies as catalysts for societal change and a pathway towards decentralized governance. He envisions a future where blockchain technology disrupts traditional power structures, heralding a new era of transparent and efficient governance systems.
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@fjcalduch · 
![Thumb up doble 3.jpg](https://files.peakd.com/file/peakd-hive/fjcalduch/dlhUfFNT-Thumb20up20doble203.jpg)
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@gadrian · 
I loved that

> at least now there's a bank between you and the government

Governments see there's a wave of hatred against banks as intermediaries. So, they propose to get rid of them as intermediaries... only for governments to be in total control afterwards.

Don't you love the world we live in? The top-down one I mean.

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vote details (1)
@taskmaster4450le · 
>Don't you love the world we live in? The top-down one I mean.

Actually it is wonderful since a system that like lacks resiliency.  Thus, it is open to being toppled. 

We just need to keep spreading out so that we have the solid base, enabling us to push further ahead.  When they do come for us, the attack vectors are spread so wide, they cant hit them.

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@havevo · 
@taskmaster4450 Ray Dalio talks too much....and what hurts me is that he is always saying wrong things most of the time....he should learn to speak less....

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vote details (1)
@taskmaster4450le · 
LOL well that is what he does.  As commented above, he does that to pump things up so he (and his cronies) make money.

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@jfang003 ·
$0.04
Ray Dalio is just a pump and dumper. I don't exactly trust what he says because he usually tells people to buy when he and his friends have loaded up and tells people to sell when he wants to load up. 

I don't think it will be mainstream to ban to BTC mainly because of the money involved. With large funds and banks investing into BTC, the amount of pressure they will face is no laughing matter.

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vote details (2)
@taskmaster4450le · 
Agreed on all counts.  That is why, even though to hijacked "the people's money", the entry of institutions really aided the cause.  These entities have powerful lobbying groups and are not about to be pushed around.  The USG submits to the banking industry.

After all, when was the last time a banker went to jail?

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@jfang003 · 
I think there were a few but I think they were scapegoats. The people in charge are usually let free with a slap on the back.

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@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 44 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-43-and-start-week-44) just started...you can now check the winners of the previous week!</center><center><sub>6</sub></center>
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