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Crypto-Powered: 10 Points that Highlight the Magic of DeFi
Most financial services that DeFi offers already exist in the real world. So why does it need to be on a blockchain? https://reddit.com/link/hvwzrq/video/2vwr3t2tofc51/player This is the final post ofCrypto-Powered— a new series that examines what it means forGenesis Blockto be a digital bank that’s powered by crypto, blockchain, and decentralized protocols. Earlier in this series, we looked at some of the most promising DeFi use-cases already in the wild. We explored categories like lending, investment, insurance, stablecoins, payments, and more. And before that, we gave a primer on Bitcoin, Ethereum, and DeFi (decentralized finance). So now that we’ve gone a little deeper down the crypto rabbit hole and we’ve done this whirlwind tour of DeFi, the natural next question is: why does any of it matter? Most of the financial services offered by DeFi protocols already exist in the real world. So why does it need to be decentralized or on a blockchain? What’s the big deal? Today we go through 10 points that highlight the magic of DeFi, and why it matters. And hopefully, it becomes clear just how big of an unfair advantage this technology is for Genesis Block. It’s our superpower as we compete against big banks and fintech unicorns. Alright, let’s dive in!
1. Global Pipes & Bridges
In traditional finance, each country or region has its own currency, infrastructure, and regulations. With blockchain technology and more specifically DeFi, the world is instantly connected. These decentralized protocols serve as the pipes and plumbing that plug the different economies together. The internet completely broke down the walls & borders for information and news. DeFi is doing the same thing, but now for money, commerce, and financial markets. We’re now part of a global, digital marketplace that can finally transact with each other— there’s a common set of rules and protocols that transcend cultures, languages, and borders. Jack Dorsey recently shared his own bullish insights on this future.
2. Efficient Markets & Liquidity
While the crypto ecosystem is still small when compared to traditional financial markets, it is growing quickly. As participation continues to mature, it will unlock enormous liquidity in the global markets. Imagine the possibilities for mostly illiquid markets like real estate, collectibles, or private company stock. This creates new opportunities for people. Imagine a farmer in Mexico helping a young family in Florida buy their first home. Or a coal worker in China participating in micro-finance loans in Africa. With liquid markets, they can easily swap in and out of investments depending on their financial situations. They won’t have to worry about long periods of no liquidity — which traditionally only favored the wealthy. https://preview.redd.it/l1fe8lgg8fc51.png?width=700&format=png&auto=webp&s=9b404c0f2c06916af51198a7e096cd2e4b5d067c Additionally, more liquid markets lead to great efficiencies. Defi, like the internet before, reduces transaction costs to the bare minimum — just the tech/infrastructure costs. The high cost of participation is removed. This new, unlocked liquidity will lead to a much more efficient, vibrant, and healthy global economy.
3. Earning Opportunities & Value Creation
Basic crypto allows you to move and store value. With many of these DeFi protocols, you can actually create and earn value. You can share in the upside and success of these new micro-economies by earning tokens for your contributions. https://i.redd.it/t0e61g3l8fc51.gif For example, with DeFi protocols like Maker or UMA, you can be rewarded for voting and participating in high-level protocol decisions. With Synthetix, Compound, and Uniswap you can be rewarded for providing liquidity to the network. With Cosmos or Tezos (and soon Ethereum), you can be rewarded for helping keep the network stable and secure. These new decentralized protocols and the work required to grow and cultivate them can be incredible earning opportunities for people all over the world. Value isn’t just moving, it’s being created and growing. This is an entirely new paradigm for work and earning income. It’s actually really incredible to think about.
4. Equal Access & Economic Freedom
Because DeFi protocols are decentralized and on a blockchain, there are no gatekeepers. No government or bank or corporation can censor these protocols. Everyone has equal access. You can be a user who needs financial services. You can be an entrepreneur who has a great idea and decide to launch your own protocol. You can be a worker who wants to earn income by helping and contributing to these new micro-economies. All options are available. Nobody can stop you. People all over the world — whether from a favela in Rio or living under oppression by an authoritarian regime — can participate in this new, digital, permissionless global economy. This creates more economic freedom, which changes the world.
While cryptocurrency like Bitcoin is starting to become more regulated in developed countries, many of these newer decentralized technologies have not, like DeFi (financial services built on smart contracts). This technology is at the bleeding-edge of innovation. It’s a new frontier that is being explored and developed at an incredibly fast pace. As a result, most governments around the world have not yet fleshed out how or if it will be regulated. For many countries around the world with fewer resources and less-developed regulatory infrastructure, it would be dizzying to even try. https://reddit.com/link/hvwzrq/video/mkr89t9y8fc51/player This creates a unique window of opportunity for builders and entrepreneurs. They won’t get bogged down by some of the outdated laws that slow them down in legacy finance. For updates on crypto regulation in the US,CoinCenteris a great resource. So far, US regulatory focus has just been on cryptocurrency or securities more generally.
7. Decentralized Governance
The companies behind top DeFi protocols like Compound and Maker have relinquished their power and turned it over to the community. The community of token holders are now in charge of proposing, approving, and voting for decisions and updates in the protocol. This is called decentralized governance. Of course, not all protocols are truly decentralized in their management or governance. But this is a trend we’re seeing more and more of. This more democratic style of governance creates a system of checks and balances, hopefully leading to a more stable, secure, and resilient protocol. There’s a great post recently from Jesse Walden where he describes this as The Ownership Economy. https://preview.redd.it/7gwjwjfp8fc51.png?width=800&format=png&auto=webp&s=203e6ceb16ceb7461a3d2da373330964e820d97e
8. User Interface Flexibility
Because these protocols are low-level, there can be a variety of product experiences, interfaces, and designs built around them. It’s similar to interacting with web APIs, except these are smart contracts on a blockchain. If you don’t like the design of an app that interacts with a specific protocol, you can build your own.
9. Transparency & Auditability
These protocols are on the blockchain for anyone to inspect, analyze, and review. This transparency can create more trust and confidence for users. Anyone can discover a bug or whistle-blow malfeasance. In the real world, bank customers typically have no idea what’s happening under the hood. It’s a complete black hole. In DeFi, the code is open-source. You can verify it’s doing exactly what they say it is.
10. Autonomous & Open 24/7
While the developers can sometimes update the protocol or fix a bug, these decentralized applications are not managed day to day by a company or its employees. These smart contracts run independently and automatically on the blockchain — enforced by policies and rules written in the code. DeFi protocols aren’t closed on weekends or bank holidays. Can you imagine a bank that was run by robots and open 24/7. That’s DeFi. --- Hopefully, it’s becoming crystal clear that a crypto-native company — if it can substantially leverage these game-changing DeFi protocols — will win the consumer finance market. It will disrupt Wells Fargo, Goldman, and Bank of America. It will become the bank of the future. Which crypto-native company is best positioned to win? Who can abstract away the complexity, deliver a world-class product experience, and take it to the world? We obviously believe it’s us at Genesis Block. Time will tell. I hope your imagination is running wild with possibilities like mine is. The potential of this tech is incredible. When you consider both the broad spectrum of financial use-cases that DeFi offers and the enormous value that is unlocked through these protocols (as outlined in today’s post), you can see just how big of an unfair advantage this is for Genesis Block.
As long as we’re building on this foundation, we’re out here playing 3d Chess while big banks & fintech companies are playing Checkers.
You may be asking, "Hey, troglodyte, idiot, moron, fool, why haven't you uploaded in three months?" And the only response I have to that question is… shut up alright Might as well make a video before over 80 percent of youtube gets thanos snapped Now, if you know me, you know that for a long time I’ve liked RWBY. Now, if you know me, you also know that my patience for RWBY has been steadily declining for almost as long as #ImpeachTrump has been force trending on twitter. That’s a long time. Let’s get into why that is. VOLUME 1 RWBY started as an action/highschool anime set in Beacon Academy where Huntsmen and Huntresses protect the world from Grimm. There's also weird superpower shit going on and dust is a substitute for bullets. We follow Ruby Rose and Team RWBY, ruby weiss, blake, yang as they get accustomed to life at Beacon. They meet friends along the way, including team JNPR jaune, nora, pyrrha, ren (remember them) There are, of course, antagonists, including Roman Torchwick and not Medusa The show was highly praised for its fast-paced fight scenes, which could be more easily achieved due to its 3D animation, and while te animation was new and looked a bit awkward at times, it still looked really good overall, despite the creepy shadow people walking around looking like they could consume the souls of the main characters whenever it was they saw fit So far, things were looking up, but it still was just the beginning. VOLUME 2 The highschool antics continue, but now things are spiced up with Team RWBY having to take down a crime syndicate. More action, everyone was made happy. We’re introduced a lot of new characters, including Adam Taurus, an antagonist mostly for Blake. Everyone on Earth believes that this man is cringey as fuck. I get that it’s the “anime man with sword” trope but they don’t pull it off well. There’s also Mercury, who’s kinda bland, Emerald, who’s not Crona, and Penny, a robot… who I’ll get to later. The art style improved even more, as the creepy shadow people were gone and replaced with actual normal people Overall, Volume 2 was a step forward for the series and was very much an improvement on the first. VOLUME 3 This is where shit hits the fan. The Vytal Tournament is taking place now, and all the huntsmen are fighting each other. It goes as planned, until Not Medusa fucks it up, Roman dies, Pyrrha takes an arrow to the wrong place, and Penny’s cut into bits. I guess you could say… bitcoins. joke Anyway, RWBY had managed to Soul Eater its way into a new phase of its story. Things were expected to only get more interesting from here. VOLUME 4. Things did not get more interesting from here. While Volume 4 did cover some good backstory for Ren and Nora, that’s about all it did. The fight scenes that RWBY was known for were trash now, and the volume focused on the riveting story arc of the main characters walking around. Volume 4 was incredibly fucking boring. Now, it is true that the series’ original creator Monty Oum sadly died before the release of Volume 3, leaving the team for Volume 4 without very much direction, so I was willing to give them a pass for V4 being subpar. It was a minor slip-up in the eyes of many RWBY fans, and we just wanted to see what was next. I also want to point out the odd lack of character development Ruby gets in this volume. Like, she witnesses two of her best friends brutally die, and she barely acknowledges it at all, save for the one time she saw Jaune acknowledging Pyrhha's death. She doesn't mention Penny once. Ren and Nora got a good amount of much needed backstory, but I think it would have been a good point to give Ruby some development. But, before we move on, I want you to look at this video, and tell me what's wrong here. Do you see it? I bet you do. I'll give you a second. Yeah, unless you have your eyes closed, you see it, because it's the entire fucking thing. WHAT IS THIS? I can't be the only one who thinks this new art style is hideous. Their eyes are too far apart, there's this weird lip shading on all of them that makes them look strange, they look like they're all made of plastic, it's just gross. The art style of the first three volumes was good, it fit the show well, but what the switch from Poser to Maya did to it was terrible. Look at what happened to Ruby! This isn't even akin to Persona 5 looking a little different than 3 and 4 due to the art style evolving over the years and the ability to actually see the characters or Naruto Shippuden changing a little to follow the mood of the show. Everything just looks completely different after a 1 year gap! You don't just do that that quickly! But I digress Let's move on to VOLUME 5 This volume was… bad. Really bad. Why? Well for starters, let's talk about what made RWBY so enjoyable to begin with. The fight scenes. There wasn't very much action in Volume 4, and there's no problem with a slow burner every now and then. But the problem with Volume 5's action isn't that there isn't any… it's that there's a good amount of it. And it's horrendous. Let's look at the last fight scene in the volume as an example. It's been revealed that good old Lionheart is actually loyal to Not Medusa and her mom, Not Medusa, they have the Relic that they need for the plot to advance, Adam Taurus has the place rigged to explode and a bunch of people who really don't matter show up, as well as not Crona. But, while everyone's conveniently not looking, Not Medusa decides to be Not Medusa and impale Weiss through the torso. Now, what do you think happens next?
This results in a desperate against-all-odds fight to take the Relic while also protecting a mortally wounded Weiss from any more damage, with watchers unsure of her survival throughout
They're forced to retreat, and Not Medusa is able to get the Relic before them, leaving them down on the scoreboard going into Volume 6
Jaune literally just heals her
Jaune gets mad, unlocks his PersoUnlocks his semblance, which is being a combat medic, and heals Weiss without even knowing how he's doing it. This is so bad on so many levels. First off, the continuity of the fight is possibly the worst I've ever seen. In one shot, you'll have two characters fighting one another, and then it'll cut to two others, and then it'll cut back and it's as if they stopped fighting and haven't moved since the camera cut away. Another issue is the huge lack of any tension or suspense throughout the entire thing. It doesn't feel like anything other than people waving sticks at each other for an episode straight. The word I would use to best describe Volume 5 is shit. Easily the worst. But… before we move on, you've probably noticed the numerous references I've made linking RWBY to a certain other anime. Why might this be, you may ask? Well, it's because one can draw many- RWBY and Soul Eater are very similar. Similar to the point where it becomes more than just inspiration. There are so many things in RWBY that can be linked directly back to Soul Eater. The entire "school training kids to fight demons with a strong emphasis on weapons" shtick, the fall, Ozpin, Death, Maka, Ruby, Death the Kid, Weiss, Kishins, Grimm, Stein, Qrow, you get the idea. There's a point where inspiration goes a bit too far, and this is sorta towing the line. Anyway, VOLUME 6 One thing I will give Volume 6 credit for is its fight scenes. They’re a lot better, and considering it’s right after the horror that was Volume 5, that was nice. The animation looks… better, at least technically. It still looks like plastic, in my opinion, though. The music is good, as it’s always been, even though it might not be as good as they were in the first four volumes. There are some new characters introduced, and they’re fine, Salem and Ozpin are given incredibly bland backstory, all well and good. But that’s about all the praise I can give it. There are two massive problems with Volume 6, however. The first of which being this moron. I don’t know how they could have ruined Adam Taurus more than they already had, but they somehow did. The moment there was some actual depth being given to his character, the moment he started to be a shred likeable… they made him a creepy ex-boyfriend with a god complex. And not in the villainous way, either. Just the sadly funny way. Volume 6 cemented his position in the show as the villain you’re supposed to hate, but you just end up laughing at because he’s that stupid. *inhale* And then they killed him The other problem can be summed up in one word. Fucking Bumblebee. *cue montage of bumblebee hell* The RWBY fandom is a hideous thing. At the beginning the show was about fun, likable characters, great fight scenes, and kickass music. But, as the show went on, the fandom became what I can only describe as a parallel to the Sonic fandom… and began only giving a shit about ships. And they shipped everyone. Nobody was safe. They were shipping people with the minigun chick from Volume 2. I think shipping is weird period. But when the studio caves and does it for the sole purpose of pandering to the fandom, then it’s just obnoxious and stupid. And they don’t even do it. They keep leaving these obnoxious hints throughout the entire thing that Bumblebee’s gonna happen, but it doesn’t actually. If you’re gonna do it, just do it. If I have to hear “I ship anything related to RWBY” one more time I might just meddle in the relations between the United States and North Korea enough to start a nuclear war and end humanity *deep inhale* I’m ok. It’s ok. PRESENT DAY And here we arrive in the present. See, all that in the first 6 volumes wasn’t actually what threw me off. I was ready for Volume 7. I was hoping it would be good. I was hoping that this could be what brought RWBY back to its former glory. *slow breath* Remember the tangent I just went on about pandering to the fandom? Well, They brought back Penny. WHY I had expected RWBY’s writers to know that especially with Penny of all characters, that if a character dies and creates an impact on the other characters like Penny did, then bringing them back is something you should never do NARUTO COMPARISON INCOMING Imagine if, in Naruto, they just brought back Ita- fuck Imagine if, in Naruto, they just brought back Jiraiya? For the sake of it? Doing that essentially removes any power that Pain’s arc carried. This scene would mean nothing. It would make Naruto less good. Similarly, bringing Penny back makes this scene mean nothing. It makes RWBY less good. I really don’t care what else happens in Volume 7. The mere fact they brought back Penny is enough for me to stop watching it. I gave RWBY chances for what feels like years because it was years, and it still failed to improve and is still shit. If you want to know what a good RWBY would look like, watch Soul Eater.
Decentralized finance DFC-leading the next round of financial transformation
https://preview.redd.it/roqxz2mqyf651.png?width=1269&format=png&auto=webp&s=3f6de725457c3eb419bc22bb85fecbea0525dafc The financial industry has been changing from decentralization to centralization and back to decentralization. In the early stages of the entire Internet, decentralized data was used to build a universal distributed read/write system. With the passage of time, the expandability of the Internet has become higher and higher, and the blockchain has gradually emerged, becoming an opportunity to plan and describe the blueprint of financial technology and build a next-generation Internet based on credit.
Opportunities in the era of DFC: Link the world and stand out
The global financial system has created tremendous wealth, but the centralized management of traditional financial institutions often leads to an unfair distribution of resources, and people with resource advantages are more likely to obtain funds. As global inequality becomes more severe, is there a way to break this shackle and give everyone the opportunity to achieve equal wealth growth? DeFi Decentralized Finance came into being. In the past two years, the DeFi ecosystem has made great progress. According to Consensys reports, there are more than 100 cutting-edge blockchain projects in the field of decentralized finance. DeFi is already an economic system with a value of up to 3 billion yuan. After many years of precipitation, the DFC project has become more and more perfect, and the company has chosen to announce it at this time, taking advantage of the DeFi industry heat wave. Create a decentralized and prosperous ecosystem https://preview.redd.it/7pg86vwtyf651.png?width=2481&format=png&auto=webp&s=846bf1f0d846588896e9b7228c4896a342815666 At present, the DFC project is conveniently connected with other DFC services through clearly defined APIs and standard smart contracts; focusing on its professional fields, integrating with other blockchain projects and building channels, opening the cross-chain exchange ecology to serve customers well, at the end of 2020, the lending and mining ecology will be officially launched, and mortgage lending will be started. The test network will be released in the first quarter of 2020, the stablecoin USDS ecological construction will be gradually completed, and the staking product based on DFC revenue will be launched simultaneously. It is expected that after a year of ecological testing, the main network will be officially released in the third quarter of 2021. In 2022, the construction of cross-chain ecology will be completed, and the community gradually expanded to 14 countries around the world. It will achieve the growth of millions of users worldwide, complete the leap of platform profits of tens of millions of dollars, and gradually develop and upgrade to DFC version 2.0, building more decentralized financial application ecology. What should be the future blueprint for DFC? No one knows. However, it is foreseeable that DFC will be an important supplement to traditional finance because of its non-access feature. If the emergence of Bitcoin makes low-cost cross-border payments possible, then the development of the DFC system is the second breakthrough in the blockchain system. It is fundamentally changing the settlement structure of the global financial system. With the development of technology and wide application, a new decentralized financial system came into being. DeFi Coin (hereinafter referred to as DFC) is a cross-chain decentralized financial (DeFi) platform created by the Singapore DIFI Blockchain Foundation. With the decentralized operation and management mechanism of DFC, DFC proves to the world that the promotion of decentralized business structure is a widely used business blueprint for human society. Every innovative product is launched with powerful support behind it. Adhering to the direction of decentralization and financializing encrypted assets, this is the evolution direction of encrypted assets. Blockchain is born to serve the economic system and financial system. DFC stands out and is expected to become the key to the bull market. DFC is currently building DeFi and cross-border financial solutions globally. Our scalable public blockchain supports an open financial infrastructure layer-a set of smart contracts. Developers can build products and applications accordingly, without having to start from scratch. In addition, we are also creating products that fully serve cross-border payments, allowing partners to use DFC's global settlement layer in various scenarios, such as import/export, international payroll, and international e-commerce payments. Of course, the world's largest well-known financial ecosystem created by DFC has reached a strategic partnership with the world's leading C2B blockchain data trading platform Datawallet, Indonesia's head financial technology company Ayo Uang and other large-scale traffic portal platforms. Relying on the advantages of extensive community resources and platform resources, DFC quickly formed a considerable influence on the global scale, with a total financing amount of tens of millions of dollars, and won the favor of more than 20 top blockchain investment institutions and individual investors. At the same time, CNBC, ABC, Yahoo, "The Wall Street Journal", "Forbes", Sinovision, Xinhua News Agency, Phoenix Satellite TV, Sina, SMG Vietnam VITV TV and other top media have been widely reported. In other words, unlike other functional DeFi projects, DFC is not satisfied with being an "upgraded version" or "alternative" of a traditional financial instrument, but hopes to work together with super volunteers with a high consensus spirit around the world. Using the underlying technology of the blockchain to build a decentralized financial ecosystem with complete bottom, rich applications, and prosperous communities.
There will be more and more financial products on both the B-end and C-end on DFC, and they will definitely be uneven. However, all products will enter the global unified community evaluation system, and evaluations based on product performance, safety, stability, underlying asset quality and other dimensions will also be chained to become a product traceable credit system. It is necessary for DFC's invention patents to use blockchain technology to solve existing problems on the Internet. DFC has completely independent intellectual property rights for "an implementation of a decentralized application development platform". The underlying technology platform of the DFC blockchain has the characteristics of high TPS, low latency, security, and 3D data upload, which can fully meet the needs of Internet applications data on-chain, and has applied for more than 300 invention patents, has become the strongest technology community after BAT independent research and development technology. It is not just technology that drives the decentralized financial system. The power of DFC’s huge community is based on the help of the global community.The global super-volunteer community allocates community traffic and capital resources at any time according to their respective behavior rights and functions. In response to the global community, the DFC project team concentrated on exploring the application of blockchain technology in the field of people's livelihood, contributing to the compliance and practicality of blockchain, and giving back to society with technology. In addition to the strength foundation laid by DFC North American technology development team, the community of South American community developers has also continuously added to the DFC system. Unlike the American community's strong interest in technology, the power of DFC's blockchain cultural ecology has been advancing the globalization process of the DFC community and market. DFC's African community has continuously contributed brand power to users around the world. There are volunteer communities in 100 countries around the world, and the fission of more than 100,000 communities will change the global world financial system, realize the basic ecology of DFC belonging to all mankind, and bring on-chain life services to users around the world. The decentralized ecological community has promoted the progress and development of the blockchain cultural ecosystem. In addition, it is worth mentioning that DFC includes all DeFi businesses in the current market-cross-chain asset exchange, decentralized exchanges and stable currency, financial services, loan services, and mining ecology. For DFC finance to develop, it needs to be built on the basis of other higher-frequency businesses, on the basis of the precipitation of a large number of existing assets, and on a reliable stable currency system. According to the existing ecological deduction, if decentralized transactions can slowly become popular, there will be more and more accumulated and precipitated funds. After more and more precipitated funds, the mortgage will generate decentralized stable coins. Basically, with the flow of decentralized transactions and reliable stablecoins, the development of DFC financial business is much easier, and DFC finance is where the advantages of decentralized transactions are truly reflected, and centralized exchanges cannot really do it. With DFC Finance, decentralized transactions may go hand-in-hand with centralized transactions, or even overtake. Since the entire community is a strong consensus ecology, the DeFi business can not only quickly land on DFC, but also realize model upgrade. In the future, the ecological scenario of DFC will continue to be concrete, detailed, and implement applications, get rid of the shackles of the platform, build a free economic world with the interconnection of everything using finance as a medium, and enable global fintech business in both directions.
Top teams work hard to build DFC services worldwide
The core of the future form of DFC is to realize a distributed autonomous borderless open financial system, and form a stable, self-evolving community autonomous financial system that supports the full integration of online and offline finance. Therefore, DFC will rely on cross-chain and decentralized exchanges and other technologies, expand the DeFi application ecosystem, establish a community autonomous financial system, implement modern financial transformation of existing digital token products according to certain rules, and improve the communication channels between existing physical finance and digital token finance. In the world of digital tokens, share the latest global economic achievements; in the future architecture, connect with the digital token system issued by global central banks and enterprises, such as DC/EP and Facebook’s Libra. Based on this, DFC can achieve ecological closed loop and sustainable development, serving billions of users worldwide. It is understood that the DFC team is an international team, which is composed of global financial professionals and blockchain technology talents. Its blockchain and DeFi technical teams are composed of the Musk rocket startup team, Google artificial intelligence research institution, Russian cryptography and other global diverse teams. At present, these teams have joined the DFC community in accordance with the organization principles of the open source community, and have conducted in-depth and extensive research and construction work. The participation of top international talents has prompted DFC to break through technical barriers and set off a wave of Genesis for the future. At present, some decentralized financial products have appeared in the cryptocurrency market, and DFC is one of the pioneers. Its founder and CEO Piyush Gupta is a leader in this regard. He has held various positions in Morgan Bank, DLT Association, DAO Decentralized Organization American Association, and now Piyush Gupta said that DFC has passed the 0x Project protocol test and is beginning to break the traditional use case of Bitcoin as a value store, which has become a leader in the development of decentralized financial technology.
DFC Leads Financial Change: The Best Times for Breakers
The first important development of the financial system in history is its own transformation to the direction of "finance". This sentence sounds a bit abstract，to put it in a nutshell, when people finally have enough resources for trading and cooperation, and not just for their immediate survival, abstract finance is formed. For example, extra wheat can be exchanged for pottery, animals, or even original portrait sculptures or toys. Throughout the history of finance, from coins to paper fiat currencies to digital finance, the latter is probably the most successful form of finance to date. It can realize the DFC vision, tokenize all assets, and open up the financial transformation of global free transactions. At present, the total monthly transaction volume of popular crypto exchanges can exceed billions of dollars. DFC leads the next round of financial change, from infrastructure to applications to network security, DFC embraces the future of financial technology and is a major opportunity for global finance. We are in the middle of a thousand-year opportunity, there are many changes in the process , and due to our inherent limitations of thinking, we cannot see clearly the trend of future outlets. The economic cycle of DFC's future layout faces huge global challenges, but it also contains rare opportunities. Under internal and external troubles, this is the worst era, but for those who break the game, this is the best era.
Copied and pasted a long thread about the 2020s (part 2)
I have found a very interesting thread in a forum, I decided to copy and paste all the comments that the author of the post had made. The author posted this in 2019, the author also posted another in the past in 2018 about the same subject. But this will be about the 2019 post (part 2) I won't be sharing the link to the website because I want to protect the identity of the users since it is a mental health forum. But here is the link to part 1: https://www.reddit.com/The2020s/comments/dzpb6l/copied_and_pasted_a_long_thread_about_the_2020s/ --------------- Here we are! Today it is the year 2019, the near end of the 2010s.The 2010s was an interesting decade to say the least, internet use continued to spread like wildfire worldwide with more and more people becoming dependent on the internet. When I was a kid in the 2000s I felt like the odd one out because I was addicted to the desktop and I didn't know many other people who were addicted to computers, but today in the 2010s this seems like the new normal except now most people are carrying desktops in their own pockets (cellphones). In the 2000s politics was very moderate and there was much less polarization, now polarization is pretty much a growing trend with many people sharing very strong political believes on the internet. The internet became a political tool and metaphorically a source of political fuel in the 2010s, everyone can now share their believes on the internet and inspire a new group of followers, something that the world didn't have or realized it had until the 2010s and we are still getting used to this. In 2010 there were 6.9 billion people and 1.9 billion internet users, in 2019 there are about 7.8 billion people and about 4.5 billion internet users. Which means that internet use has increased by 237% while the world population has increased by at least 12%.By 2030 the world population is expected to reach 8.5 billion people and more than 7.5 billion people are expected to be internet users, that could very well be 90% of the worlds population. This means that the internet will truly begin to take over the world during the 2020s, it will continue to make big changes on how we will live and how we will communicate, it may become almost impossible to live in the western world without being online. Climate change is a big issue, in 2010 the global average temperature was 0.62 Celsius above 20th century average, in 2018 it was 0.79 Celsius above 20th century average. The 2018 temperatures may not seem like much but everyone who is informed about the summer of 2018 will agree that it was a very hot year, so hot that record wildfires within the arctic circle happened.By 2030 we could potentially reach 1.5 degrees Celsius of warming since pre-industrial times, again the number does not seem much but the consequences are huge. Mudslides from melting soil will turn mountains in death zones, lower food harvests and nutritional value will increase risks of starvation, loss of fresh water will result in wars over water, the Maldives will be flooded as well as Bangladesh which will cause huge mass migrations, the ice will melt even faster which are increasing sea levels, you get the idea.In the 2020s global warming will become a much bigger problem, but there is no guarantee that enough will be done to cut emissions. Developing countries such as India want nothing more than to have the same quality of life as the western world does, not much can be done to dissuade India until the country suffers greatly from global warming and the potential for growth seems impossible. As long as developing countries believe that growth is possible they will contribute massively to global emissions just as soon as the developed world begin to cut their emissions, and worse yet developing countries often have very high populations which will contribute to global warming even more than it could have done. In the 2020s there will be a new global superpower which would be decided by 2030, it is unlikely that America will remain the superpower due to its stagnant economy and the potential loss of trade partners in the near future. The most likely contenders for being the next global superpower is Russia and China, this struggle for power could potentially trigger a 2nd cold war. Global relations will change, there has been a growing loss of trust in the 2010s between nations and that trend will continue to escalate during the 2020s while new crises emerge.This loss of trust could result in balkanization in some parts of the world, particularly in ethnically diverse countries such as Papua New Guinea and Tanzania. Countries will begin to do their own thing and ignore international agreements as trust disintegrates, the Paris Agreement and the United Nations might be abandoned in the 2020s.To put it shortly, the world power will likely shift from Anglo-America to Asio-China/Russia, international co-operation and aid may regress into nationalistic autonomy, and from democracy to populism. Technologically, most breakthroughs will be related to the huge spread of the internet in some way, in other words most technological advances will be adaptations to the way we live with the internet and learning the full capability and power of it. 5g will be adopted reluctantly due to health concerns, but it will be adopted anyway at some point in the 2020s quickly and this will cause even more dramatic changes within our society. If you think our world has changed drastically so far just wait until 5g comes! By 2030 we could have fridges that are connected to the internet, many other inanimate objects would also be connected to the internet and whatever information is processed will be used to benefit companies as well as sniffing out bad behavior. Because of 5g, the 2020s may be the last decade when privacy is possible in society. Lastly, I am going to talk about generations and their role in the 2020s. Pretty much all Baby Boomers are going to retire in this decade to have their previous role as leaders replaced by Gen X, Gen Y will all be adults and will be trying to make big changes in the world, Gen Z will begin to grow into adults, there will be a new generation in the 2020s (generation beta). What do you think will happen in the 2020s? Very keen to read your thoughts about this topic!Have a good day. ------------------------- reply to user: Honestly I will never be able to answer with confidence about Brexit! I think many people in the parliament don't seem to know what to do, I think most likely Brexit will be on hold until the EU itself fails. Today the EU is already struggling to survive.How will the EU fail? When its financial situation gives European nations the incentive to leave so they can grow their economies by themselves without restrictions, the Syrian refugee crisis (5 million people) destabilized the EU to its core and it was the refugee crisis that started Brexit in the first place.Imagine what would happen to global politics if 20 million migrants went into Europe, it would certainly change a lot of things. reply to user:Religion could make a comeback in the 2020s, particularly in a scenario where climate change pushes people to turn to religion for comfort. Islam is on a sharp rise due to the fact that they have a lot of children, it will also become the biggest religion in the world in the near future, at that point most people on Earth will be Muslim.I think ISIS largely happened because of food shortages in Syria which resulted in civil war, if a similar thing happened in another vulnerable Muslim country then you can expect another wave of suicidal radicals wrecking havoc and forming another radical group.I have once predicted a similar uprising in North Africa resulting in a mass Christian migration into Europe, the number of Christian migrants could exceed 20 million. ----------------------- reply to user: Yeah the idea of the European Union has been a flawed and overly ambitious project right from the start, Europe is quite a divided continent with many countries having a strong sense of identity, trying to make Europe into one country will inevitably backfire. Without much doubt the EU will collapse, however it will live on under a different name by one or a few countries that still cling onto the vision.After EU falls there is a chance that a few more so-called unions may form, these unions may be alliances that share the same political views which could result in a polarization.Germany had a good shot at attempting to rule Europe again though, we tried it and probably won't do it again for a while. ----------------------- reply to user: Funny enough I have just very recently found out that the UK is going to have another general election, so far at the moment it looks like Labour is doing well with public approval, it is a likely possibility that Jeremy Corbyn may become the next prime minister.If Jeremy Corbyn becomes the next prime minister that would mean that Brexit will be cancelled, this could cause major polarization and unrest if there are still people who really want Brexit. Who knows what would happen if the majority of pro-Brexiteers protest in the streets because they didn't get what was promised to them? A British revolution is another real possibility. reply to user:Predicting elections will always be difficult for me because of how uncertain and at times random they all are, who would of thought that Trump would win in 2016? Would Trump win again in 2020? I mean it sounds crazy but if it happened in 2016 then it can certainly happen again in 2020. Although I do think that Trump has less of a chance of winning in 2020.A good thing to take note of is when Trump withdrew from the Paris Agreement much of America didn't follow suite, there are many American companies who still follow the Paris Agreement guidelines because they don't agree with Trump, there are many Americans who have not been implementing Trumps policies.Elections can never be predicted with 100% confidence, but Trump is more likely to lose in 2020 than 2016. ------------------------------- Thank you all for your replies, they have been smart and intuitive contributions. :-D Last night I just began researching about the 1920s out of interest (I think I might have mentioned the 1920s in the old 2020s thread). I have just started learning about the 1920s so there is a lot that I don't know about it but there are a few themes that resonates with today trends, which I will mention below.And because I am not well informed about the 1920s the below information would be hypothetical and open to speculation. The 1920s was an economically prosperous time for the Western World, but the economic prosperity abruptly ended with the Stock Market Crash in 1929 and resulted in the Great Depression in the 1930s. A very similar situation is happening today but is happening much slower and at the moment is less severe, the Stock Market Crash in 2007-2008 resulted in an economic crawl that is still persisting to this day. I have a feeling however that the full effect of the 2007-2008 economic crisis is yet to be felt in full force. Political movements such as Socialism and Fascism were on the rise in the 1920s-1930s partly because of the economic situation, those parties believed that capitalism is out of control and needs intervention to prevent the degeneration of society. The term supercapitalism was created by Fascists, it pretty much means a degenerated form of capitalism that is doing more harm than good to society. The blame of the 1929 Stock Market Crash was placed on Capitalism by both Socialists and Fascists, anti-capitalism exploded in the 1930s which resulted in far-left/far-right nations fighting one another by the end of that decade. Lets say that the next Great Depression is to start in the early 2020s, we already have a lot of young people who have a favorable view on Socialism, on some level there are many people who are blaming Capitalism for the economic crisis. Nations have already been polarizing in the 2010s, so what would happen if we enter the next Great Depression and then a massive surge of Socialism/Fascism happens straight after? The world would be in a very similar situation as the world in pre-WWII. If the 2020s Great Depression happens then Capitalism in the Western World could end, the more young people has power over America the more likely that the nation will transition into a Socialist state. Kinda ironic because in the 20th century Anglo-America fought against Socialist Russia and in the end capitalism unexpectantly won as the leading world policy, but in the 2020s Russia may abandon their socialist past and turn to capitalism as they take advantage of the new resources revealed by global warming, just as Anglo-America turns Socialist Asio-Russia will turn Capitalist (I'm not sure about China, but I'm pretty sure that India is taking the capitalist route too). The Arctic will melt a lot during the 2020s, Russia may likely claim most of the new oil reserves which will cause worldwide tension as oil will be running out, America will be stuck with the last remaining reserves of oil in Alaska and Canada which may result in poor relations between Canada and America, eventually China may have most of the oil reserves in the Middle East because I believe that the Middle East will turn to China for economic interests as America begins to lose its grip on the region. Nothing is forever, everything changes.To those who fear for the future of America I just want to say this, even if America loses influence on the world America will still cling onto their core values in their own home and I can't see America giving up on the American dream, I think that the American dream is redefined by each of its passing generations. ------------------------------ This is probably the last comment I will post in this thread so I'll be sure to write out anything else I can predict or think about the 2020s, again I may be repeating things but at this point its hard to avoid because I posted quite alot about the 2020s at this point. I definitely agree with :user: that if WW3 were to happen in the 2020s it would be similar to how WW1 started, everything was fine then suddenly everything wasn't and the world fell into further chaos resulting in a world war. Currently I believe that the 2020s will start off with a cautious optimism, the decade where Gen X and Gen Y fully realises that the world is in their hands and they will bring about changes. If I could name a main theme of the end of the 2010s I would say 'youth in protest'. A growing number of young people believe that civilization won't be there when they grow up, they see no point in taking part in a society that they believe will inevitably fail due to climate change. In the 2020s the 'youth in protest' will grow to such a degree that societal values of the 20th century will be rendered obsolete. But where does the cautious optimism comes in? I believe the optimism is the result of hope of a better future as the youth wields more power to make changes. We will likely see a big wave of new famous Gen Z's and who knows what they could contribute to this world? Today(Nov,2019) we can all sense that things are changing but what if the changes of the 2010s are volcanic rumbles compared to the eruption of the 2020s? The 2020s will likely be a social and societal fragmentation, the crossroads of a post-consumerist world. Baby Boomers are largely responsible for the world we live in today, very soon Baby Boomers will lose their power over the world and that power will be passed onto the younger generations who have different values. Most Baby Boomers favor capitalism, a growing number of younger generations favor socialism. Conspiracy theories are a growing trend, due to the upheaval of technology it has become easier to believe in conspiracy theories because what was crazy 10 years ago seems feasible today. I think if everyone starts to believe in conspiracy theories then a lack of trust would become so hard to overcome that the government would have no choice but to allow a degree of autonomy. Allowing autonomy would cause more and more lands to demand independence, most of them will be city states like Hong Kong or Singapore. I can't think of anything else, going to conclude it here.The 2020s would either be the beginning of a new era or a long-winded dying of the present post-consumerist era. The Baby Boomers will recline on their chairs and leave the whole world to Gen X and Y, Gen Z will become adults. I haven't mentioned robots but they will begin to take some of our jobs, which can possibly trigger a neo-luddite movement. WW3 hopefully won't happen, a 2nd Cold War is more likely to happen though. Hopefully there won't be an epidemic like the Spanish flu, in this case it will most likely evolve from a strain of bird flu. Climate change will trigger protests and changes, some fear that its already too late to stop global warming. Thank you for reading, lets make the 2020s as good of a decade as possible. ---------------------------------- reply to user: Yeah I've been getting a growing sense that a British Civil War might happen, last year I could not see a civil war happening but now it seems like a real possibility, today it is easy to figure out why it would happen. I bet not many people in the 17th century civil war wanted it to happen and didn't think that it would happen but you can learn what ended up happening, Charles I got beheaded and maybe Boris Johnson might meet a similar fate.Not a certainty, I can never be certain but its something worth worrying and preparing for. In the 2020s, I think the U.A.E is a possible candidate for a world power and I can see them cutting deals from America and making deals with China instead 'The enemy of my enemy is my friend.'. Imagine if America-UK runs out of energy and oil resources, in this scenario it is likely that U.A.E+China+Russia will own all the remaining deposits by then and we may have no choice but to give up a degree of independence in exchange for some of their oil and energy.Another scenario is the race for the last of the remaining resources that our society still largely depends on, the nation that has the most resources will have the most power and nations that lack those resources will form alliances with them for resources in return.We may possibly see the first super-corporations being established, a very large and powerful corporation that may be the true power behind everything and maybe even more powerful than political figureheads.Those super-corporations may become independent nations that have their own goals and projects, mostly they involve technologies for either saving our eco-systems or to control us. I have once thought about the year 2075, I imagined a huge city (at that time many countries collapsed, civilization largely being left with city-states ran by trillionaires) the city uses mind control technology to maintain order, the A.I is used to help the elites figure out the next best course of action, human clones are used for labor and war, everyone is constantly being watched due to surveillance that will be almost everywhere.The 2020s will be the start of the new world that future generations will recognized as the true 21st century, 2000-2030 will be seen as a transitional period. ------------------------ We are only 2 days away from the 2020s, I am going to post about the decade predictions to avoid the regret of not posting it before the 2010s ends. I will have a bit of closure about my 2020s threads now that I'm doing this for the last time, I might be a bit risky and do my best to make a scenario story for fun even though about half of it will be inaccurate haha, since accurately predicting the future is like trying to fly without wings. But still, some of the predictions I have thought about have already come true even before the 2020s has started, which makes it clear that the world is changing faster than we thought and will continue to increase the throttle. There is already some tension between America and China over trade, at the moment as I write this they have agreed to a truce after a trade war that not many knew about but there is tension and might escalate in the near future, if America attacks another nation again then half of the world will turn against America and will cut all trade-ties with it which would cause America to descend into chaos. In short, America could get sanctioned but other nations will be at risk of being sanctioned if they commit any future acts of aggression. There would likely be more riots and terrorism, there will likely be a much worse refugee crisis caused both by climate change and acts of aggression by ISIS or a nation. There could be more online communities that provide a source of humanitarian relief and charity, some online communities will run on bitcoin(or other forms of cryptocurrency) so that they can afford more resources to help people with.I have once predicted that there will be a mass migration of Christians from North Africa due to Islamic radicalism, well as of 2019 there already are Christians in Nigeria (North Africa!) being beheaded by ISIS so a mass migration from North Africa is very possible, in fact the whole Arab Spring and its neighbors could produce masses of migrants due to the continuous descent into chaos. Out of all the Muslim nations Turkey-Saudi Arabia-Iran-U.A.E appear to be the most stable while others are highly vulnerable, I have a good feeling about U.A.E solely because it has many long-term goals to ensure economic security so I can see them having a good influence on Iran and Saudi Arabia, U.A.E will likely make trade deals with China and China could offer U.A.E military protection thus protecting the U.A.E from Saudi Arabia and Iran since the risk of a war going on in the Persian Gulf is high.Dubai will become a more important city and will become a cultural as well as scientific center, much of its workforce would likely be desperate people from South Asia looking for work. If a new superpower enters world-stage then the West could face sanctions for acts of war against the Arab Spring, especially if the new power is disapproving towards the West, if the West is sanctioned then it will enter a long-term economic depression and could be forced to house refugees.Populism will spread as more people feel like they are living through a crisis, populist candidates appeal to people by presenting themselves as the solution to their crisis. Populism has been on the rise in the 2010s and many people believe that most populist movements have been right-wing, the most common theme of 2010s-populism are anti-immigration and America/Britain first, those populist movements have resulted in Brexit and Donald Trumps presidency.If populism continues to spread in the 2020s then we will see more and more nations implementing anti-emigration policies and we will see them turn away from globalization as they retreat into the concerns of their own nation. The European Union will decay due to countries leaving, the United Nations too will decay as countries start to defy and leave so they can do their own thing, globalization is at a big risk in the 2020s. Largely due to technology more and more people will begin to lose their jobs, and more people will lose their homes to man-made disasters. Self-driving cars will begin to render Uber Drivers and Taxi drivers obsolete, mass-production is becoming more automatic so more people who work in mass-production will lose their jobs, self-checkout machines in shops will continue to slowly render retailers obsolete. Newspapers are dead, and soon TV will be.Nations will be able to provide more resources with robots but there will be less consumers since not many people would be able to afford to buy many things, this would cause a worldwide economic crisis and we are overdue for a 1920s-style economic crash.What will the government do with all those homeless and unemployed people? Universal income will be the most likely solution but it is highly unlikely that many people would live comfortably since they will have to work very hard to survive and you'd have to be very lucky to get a job, in turn people will begin to reject the government and the system, some (hopefully many) people could turn to online communities to support one another and due to the failing economy will turn to cryptocurrency which they use to support themselves. The Sagrada Familia will finally be complete, I think it would be nice to make the wonder of Sagrada Familia the icon of the 2020s. Other projects will be completed as well such as The London Super Sewer, The Giant Magellan Telescope, The Square Kilometer Array radio telescope, a few big bridges (and a tunnel for boats in Norway) and a few new railways here and there. There will be at least a few major space achievements thanks to Elon Musk and some privatized science projects will offer few more major breakthroughs in science, the first manned mission to Mars is scheduled in the 2020s but its chance for success is low due to the many risks and dangers, space junk will become a much bigger problem and will need to be cleaned up before we will never be able to leave the Earth. The mission to Mars would likely be re-scheduled or postponed. 3D printing is expected to enter mainstream which in itself will change many things, 3D printing could even render some shops obsolete because you could print whatever stuff you want at home instead of going to a shop looking for what you want, a creator sub-culture may develop from 3D printing enthusiasts.Vertical farms are expected to be erected for the first time in cities, this trend will grow because agriculture is also expected to fail in the long-run so there is a lot of funding put into vertical farming because vertical farming could replace conventional field farming, in the 2020s however vertical farms will only generate a very small percentage of food and its produce would not be sold in mainstream shops for a while.Lab grown meat will be a new growing trend in the 2020s, but its adoption will be slow due to skepticism and lack of popularity. Will there be wars? Likely more than the 2010s.Because not much has been resolved at 2019 we can expect things to grow more tense, especially since we are all facing an impending global warming crisis and a decline of globalization. Russia and China will become more dominant and influential throughout the world, developing countries will bear the brunt of climate change while the developed countries are increasingly destabilized by the flocks of refugees flooding in, developing countries could be reduced into war-zones like Syria in the 2010s.The trade-wars between America and China could involve other world powers and it could escalate into the 2nd Cold War, with a Cold War there is always the chance of a 3rd World War looming.The west will decay as the western economy worsens, Russia and China would exploit whatever resource they can get with their new influence in a decaying world but their economic growth will be fragile too.China is threatened by the loss of fresh water once the Himalayan ice melts, much of Chinese agriculture is threatened by floods, when the Chinese eco-system fails then you can expect them to attack their neighbours or best-case scenario demand resources from their allies.Russia is threatened by the same thing that will give them economic prosperity, global warming, when the ice melts the methane would doom us all and will also release long-forgotten epidemics into our world, Russia will face a huge refugee crisis coming from the south due to water shortages so you can expect Russia to heavily enforce their borders.European politics will change drastically due to responses from refugees, if Europe refuses most refugees then it is possible that armies of angry refugees could invade Europe in the future.Africa is gaining so much but that growth will not be expected to last due to climate change, water wars reduce some areas into anarchy like Libya in the 2010s, Nigeria-Ethiopia-South Africa would likely be the most prosperous countries of the continent, the African countries that are developing would likely begin to adopt the same lifestyle as the West is living like eating fast food and being online all day long. I do not know much about South America but some parts appear to be on a verge of political change and turmoil, I do believe that they are at risk for water shortages due to melting ice in the Andes, I can't see them stopping the destruction of the Amazon so that will be ongoing. South America will grow economically but like the rest of the world it will be a highly vulnerable growth.Australia will continue to be burnt alive by wildfires, we should start seeing more and more Australians moving to colder areas such as Tasmania New Zealand and Britain. Indonesia will continue to destroy their rain-forests to make money out of palm oil, don't know what their political situation would be though but would most likely go down the capitalist path. All in all the 2020s will be a time of disruption, the pace of life will get faster and faster, fake news and deep fakes will spread, misinformation will be rife, as the internet spreads and becomes more disruptive more restrictions will be put on the internet, because we are growing more dependent on technology cyber-attacks or power-cuts could bring us back to the late 20th century, people will grow more scared and desperate and may turn to drastic courses of action if said course of action is the only solution.We are at risk of antibiotic-resistant bacteria and bird flu, obesity and depression will become a bigger burden than it already is, transgender people will be the new normal as people are now coming out as transhuman, in some parts of cities driving a car could be banned because of driverless cars replacing transportation in some city centers, cars are switching to hybrid/electricity as electric car plugs appear in many built-up areas, more and more people have had their DNA stored into a database and I can't say for sure how this data will be used. Online communities give me hope, and I hope that online communities become so rich with cryptocurrency and popular that when the decaying society that thrived in the 20th century fails we got the new online society to fall back onto and rebuild a new society from scratch instead of trying to rebuilt a society that failed us. I wish us all the best of luck. --------- reply to user: I think you are definitely right about 2020 Britain being pretty much the same as 2019 Britain except that it could get worse especially since the NHS is in the process of being privatized which sucks for me too because I am a Type 1 Diabetic, I am inclined to think that Boris Johnson will resign in the near future just to be replaced by another equally unqualified/unpopular Tory. I am going to be a bit controversial and biased but I want to blame Democracy for the situation that Britain is in right now and I want to explain why I am skeptical towards Democracy.So the idea of Democracy is to get the public to choose who becomes the leader and its down to the public to make that important choice, but many people do not want to run the country and many people do not know what is best for their country.In a Democratic society the best way to win a vote is to promise the public everything and appeal to them, you don't have to be good at politics to win and you don't have to tell people of your true intentions all you have to do is lie and be charismatic. Politicians probably hire professional psychologists to trick people into voting for them because they know how to trick the system to get them into the position that they both don't deserve or are qualified for. Its no wonder why Politicians are losing their efficiency, they do it as a job because many politicians do not need to be good at running a country to become the leader and like I said they just need to know what the people want to hear and to put on a charismatic face.I believe that running the country should be reserved for those who want to run the country and have the countries best interest at heart, it should be reserved for professionals who know what they are doing and have had years of training as well as experience. In a Democracy if you get two candidates, one is a businessman who is very charismatic but only knows about business, the other one is a ex-Sergeant who has had 20 years of experience in the administrative field but he is not as charismatic. Even though the Businessman is less qualified he will win because he is charismatic and knows how to trick people into voting for him instead of the professional, repeat this process and you'll end up with a very ineffective government or circus full of charismatic millionaires who trick and lie to the public to maintain their lofty position in society. And that is probably how Britain ended up with the government it has, people have been lied to and people don't know who is best for their country so we end up voting for the wrong people or get tricked into believing that Democracy is the best form of government.Sadly Democracy will put Britain(as well as other nations) at risk of a power hungry Populist who will present him/herself as against the present government and will use his/her charisma to appeal to us to make us believe that the Populist is the solution to all of our problems caused by the government, but once the Populist gets elected s/he will show his/her true colors and the public will soon regret their vote.This process will keep repeating itself while we have Democracy, I believe that its not working and maybe we are better off leaving our politics to the professionals elected by professionals. I also want to thank you for all the replies you posted on my 2020s posts, they have helped keeping the 2020s posts alive. Again, thank you. --------------------- reply to user: Not only that but many people are also misinformed because Democratic candidates lie and be all fake to get votes and on top that they also spread rumors about other candidates or pretty much anything so that they'll get more votes, its bad because not only many people already don't know what is best for their country but they will find it very difficult to know for sure what will be best because of all the lies and misinformation. --------------------- reply to user: Its scary that some people out there actually believe that Jeremy Corbyn is anti-semetic, its such a ridiculous and desperate accusation just to make Jeremy Corbyn look bad and lose. And its scary because if people actually believe those bogus anti-Semetic accusations then it just shows how much the media controls us all.Donald Trump is indeed right about journalists and fake news being an issue, but I think the reason why journalism is such a joke in America is because it is privatized and they are becoming desperate so that they can survive kinda like 'IT' from the Steven King novel.Capitalism and privatization can corrupt journalism because capitalism makes journalism more about money and getting attention so it degenerates into what it currently is, but Donald Trump is very capitalist, which could mean that Donald Trump is a cause of journalism gone wrong and he is getting backlash from the world he helped to create whether he knows it or not. Journalism does need to be regulated, especially now we are becoming fully aware of how powerful mass media can be. I could be blaming capitalism because of mass media and it could turn out that capitalism isn't to blame after all, but I still believe that its probably best for journalism to just focus on entertainment and to leave actual news to a more professional environment where the professionals highly focus on telling the people about unbiased truths. ------------------------------
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