Hello again, another post writing my thoughts in an attempt to understand the economic system through the Cardano Forum. If you are taking the time thank you very much.
So I just visited the Bank of America Website.
I get the feeling that the decentralized concept though as advanced with blockchain technology that it is may be philosophically behind the experience or organization that a bank like Bank of America has.
I’m from Charlotte, NC the second biggest banking city in the U.S.
and it seems that the profit that the bank makes is put to pretty good use.
Using our reach & resources to help communities in need (bankofamerica.com)
Not to mention what Bank of America has attracted to the city of Charlotte.
I wonder if “Big Banks” are at the “beginning” of their potential.
To someone who doesn’t know me; I am “anti” establishment naturally more or less. So I hope this post doesn’t come off as I’m spokesperson for "Big Banks’’. I definitely hate the events and aura that surround the market crash of 2008.
However in this journey to understand more I’m getting this feeling that the banks may not be as bad as I thought also or that they may still be fulfilling their true potential
Like, did I get over educated or develop a irrational bias with the movie “Zeitgeist”? I feel I’ve been anti federal reserve for the past 10 years and I haven’t truly been smart enough to be anti federal reserve.
A different example is: Defund the Police. It sounds good at first sight. Have I (We) heard “F the Police” so much that it’s understandable that “Defund the police” has an exaggerated appeal?
*There’s the obvious that they have self inflicted failures of course.
But in all the commotion it seems Crime is on the rise. Could you imagine a very well functioning police force?
Dont’ get me wrong I like Cardano, I especially like the statement on the IOHK website “Cascading disruption”
“It is the founding principle of IOHK. Cascading disruption is the idea that most of the structures that form the world’s financial, governance and social systems are inherently unstable and thus minor perturbations can cause a ripple effect that fundamentally reconfigures the entire system. Our company is committed to identifying and developing technology to force these perturbations in order to push towards a more fair and transparent order.” -this is spot on
I’m making the same attempt here to anyone reading or not reading and to reaffirm my knowledge.
Once upon a time a Republican was someone like Abraham Lincoln.*My favorite president is James Garfield.
Now a Republican is like Donald Trump.
that shouldn’t mean The Republican party is dead, Someone could come in and hold a lot of integrity to their best values.
I a little while back I liked Bernie Sanders. But as time went on I started to wonder if society could respect the philosophy. “democratic socialism” takes a lot of integrity, I think that our fabric of society as it is today would ruin the concept. Is the fabric of society ruining crypto currencies with the “get rich quick” scheme?
So back to the institution with the experience. Have they learned the appropriate lessons? Are they further than the common man and what he would be able to contribute to his community by him or herself on a decentralized network as of right now?
Can centralized and decentralized work together as Yin and Yang. More specifically rather than the symmetrical symbol of the two halves, The one half with the negative space within. Decentralized representing the smaller negative space within.
If the federal reserve where to contract something like what Cardano has to offer would the concept still work?
Would it be the best way?
Are the people who benefit the most from cryptocurrencies success vulnerable to be scapegoated for a What happens if banks don’t give out as many loans because the decentralized concept took the capital?
Can Cryptocurrencies success in this way cause it’s own housing market crash in the future?