Doq Holliday
@doqholliday
24 May, 11:52
I still don’t think people truly understand what is happening to banks.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
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24 May, 12:49
In response Doq Holliday to his Publication
The word Crypto freaks people out. I believe you are talking about a stablecoin like USDC That is 1 to 1 to the US dollar. Safe from the crypto markets.
I know you know this stuff but figured I would expand it a bit so everyone can understand.
Current 'Banks' will become 'Farms' as they wont have a choice but to adapt to DeFi. Many will just fail.
If you keep $1000 (USD) in a Banks savings account they will pay you $5 a year
If you keep $1000 (USDC) in a Farm it will earn you $90 a year.
If you try to take $10k in cash you have to declare @ airports.
No restrictions with a digital ledger. You can take your money with you everywhere. You have FULL ownership of your funds. The crypto market is full of scammers for that reason. Everyone trying to get your money.
Most coins are going to fail. Utility is king in the blockchain space. Only the useful will survive.
XRP is setting up nicely 2 b the onramp for Bank's Fiat. Lawsuit taking longer but gives opportunity.
#
I know you know this stuff but figured I would expand it a bit so everyone can understand.
Current 'Banks' will become 'Farms' as they wont have a choice but to adapt to DeFi. Many will just fail.
If you keep $1000 (USD) in a Banks savings account they will pay you $5 a year
If you keep $1000 (USDC) in a Farm it will earn you $90 a year.
If you try to take $10k in cash you have to declare @ airports.
No restrictions with a digital ledger. You can take your money with you everywhere. You have FULL ownership of your funds. The crypto market is full of scammers for that reason. Everyone trying to get your money.
Most coins are going to fail. Utility is king in the blockchain space. Only the useful will survive.
XRP is setting up nicely 2 b the onramp for Bank's Fiat. Lawsuit taking longer but gives opportunity.
#
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This is like trying to teach my father how to use streaming. It just aint gonna happen for some people. Will there be provisions for people like seniors who are still stumped by flip phones.
12:55 PM - May 24, 2022
In response Vincent Kennedy⍟ to his Publication
Only people mentioned by KnotMe in this post can reply
The Qake Lady
@QakeLady
24 May, 01:33
In response PeQQy 222 to her Publication
I agree with VK, cash money will still be around, and as for technology, Oh Lord I agree with you...My Mom is 89 and refuses to have iPhone, I know very little about Androids and it's a headache when she hits a wrong button, I gotta figure it out..LOL🤣
I hear the new Q phones will be really cool and will help the older generations understand a bit better, easy to use and some really cool extra special advances I can hardly wait to get one... so a combo of both as well as the other fun stuff will be AMAZING for our older folks who are having a hard time adjusting to new technology and such! 🙌💫
I hear the new Q phones will be really cool and will help the older generations understand a bit better, easy to use and some really cool extra special advances I can hardly wait to get one... so a combo of both as well as the other fun stuff will be AMAZING for our older folks who are having a hard time adjusting to new technology and such! 🙌💫
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In response The Qake Lady to her Publication
🙂🙃🙂... I 🙏 this is true 'cos this here 'oldie-one' has never been any good at learning foreign languages, and that's what all this tech' talk is to me🤪!
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Janet DuPre
@JDuprayforhumanity
24 May, 01:16
In response PeQQy 222 to her Publication
great question…my mother comes to mind
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In response Janet DuPre to her Publication
lol... it is a great question, I know several people like ME, who still don't even know how to use a smart ph' 😟
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24 May, 12:59
In response PeQQy 222 to her Publication
USD is going to go digital. Since we will still have a paper/cash version many wont even notice since no learning curve.
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Jasminka aka The Oracle
@BlackPanther17
24 May, 09:38
In response Vincent Kennedy⍟ to his Publication
digital id and social credits...you call yourselves awake???
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MATTHEW Bissanti
@markerdragon
26 May, 12:48
In response Vincent Kennedy⍟ to his Publication
i will not participate in anything centralized that can be tied to social credit. non starter for me
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