Saturday, 2 March 2024

The final end of innovation

is here. This Max Headroom is someone whom I trust to have an ear on trends especially in the tekky part of society.
There is not one word on Crypto about the technological possibilites with a digital coin that stores all transactions savely in a comupter system from someone that has employees and therefore needs an accountant, collects bills and does a tax declaration.
Right now, all the numbers he handels representing a classic currency like the Euro are stored in several systems and it needs basically the eyes to check, if the number on the online banking account is the one from the bill from the electronic shop or by a bad coincidence from a record shop to finally add some of them together to put them into a form for e.g. the tax advisor; And he'd give up for sure to understand the code of the bankomat and who actually payed which part in the resto in cash, but well, so does the tax office, I hope.
He only has possibly a hand full of employees and most for the tax is standard procedure, but there are companies with hundreds and thousands of employees working in different countries and currency zones that all create the same chaos of number records between dozents of different systems just within the company creating thousands of money trails that cost millions on accounting consultants to understand year over year over and over again. Some of them trigger scandals like Wirecard when its too late, because it happend.
The problem is that the systems in use cannot be altered or changed to be connected to handle unique identifiers such as those crypto blockchain currencies provide, because of who makes it in our Western system into leading development positions. 
The inventor of Bitcoin is Anonymous in the litteral meaning of Anonymous, perfect example of the actual Western problem and those that made billions by farming and rising values are others that proposed Bitcoin into success by being something dirty criminal and bad....but nothing of real use.

But you are not the world and there is a good chance that many of the already created Crypto coins in several dozent digital only currencies today only used to create bubbles are captured like pirating finance investors of the 80ies did with medium enterprises to give them an appropriate and stable new purpose with other parts of the world progressing. Imagine Hyundai aquires all Dodge Coin just to make a better space X deal with Elon on satellites that serve African and Ocianian companies and turns that into their internal accounting currency ending further mining off profits stabelizing the rate?
Don't worry, Bitcoins legacy will remain that of the dirty bitch waiting for a whore....like me! Please. Don't hate me.