This topic is one of the scariest that I have ever encountered. Starting from blockchain technology that is used for cryptocurrency, it quickly led to a new form of connection, governance, and transaction management – decentralized autonomous organizations (DAOs). Klaus Schwab and his World Economic Forum (WEF) are prime drivers of DAOs. What’s so scary about this? Read on.
Cryptocurrencies are not money but just a transaction mechanism. They have no proven safe store of value. They are collapsing, for reasons. Luckily, central banks just so happen to be ready to rollout out their CBDCs, which are not money either. CBDCs are only a payment mechanism linked to wonderful fiat currencies, like the US dollar, but they will save the monetary system. Or maybe not.
Unlike myself, you probably know all about the Metaverse – a single, universal, and immersive virtual world focused on social connection. Not my thing but probably attractive to the tech-oriented folks. Even the World Economic Forum (WEF) has jumped on the Metaverse bandwagon. Is this a major red flag? Maybe part of how we will own nothing and be happy?
Decentralized cryptocurrencies, like Bitcoin, are being seriously challenged today by rapidly developing, government-controlled, Central Bank Digital Currency (CBDC) technologies. 112 countries, representing over 95 percent of global GDP, are exploring a CBDC. This is a big problem, since any type of digital money is not money. Real money is very different. Do you know why?
Facts were once thought to define reality. Only one reality was real, with only one set of real facts. But no more. New realities pop up regularly, each with its own set of facts. Facts are now fungible and personal. Your choice. But this presents a serious problem for those of us who must manage real businesses and organizations: Which reality should we use and what is real about it?
