Saturday, March 6, 2021

Marcelo Prates – The Future of Money in Multiverse – Koindesk

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The year is 2026. Although no new coronavirus form has become epidemic since 2025, the three passengers on board the plane in Austin, Texas, are wearing protective masks and goggles. They are flying in Washington, DC in a shared private jet designed and built by SpaceX-Wing and owned by a group of investors through anonymous shell companies. This morning the three-passenger plane has nothing in common. Each of them lives in a separate world built on different rules, technologies and financial institutions.

DD, a 27-year-old whose parents immigrated to the United States in 1990, is browsing the government-provided multi-purpose platform to balance his checking accounts with the Federal Reserve. Yes, the 10,000 “digital dollars” taken from that big retail corporation were finally there. Since the introduction of the “digital dollar” in 2024, everyone can have an account with the Fed.

Marcelo M. Press is a lawyer at the Central Bank of Brazil and holds a doctorate from Duke University School of Law. The opinions and opinions expressed herein are his.

The Fed accounts were not as successful as expected, probably due to the growing distrust of many privately issued currencies and government-backed solutions. The passage of the Restrictions Act in the wake of the 2021 Capital Attack raised concerns that there would be an open door for government surveillance and censorship with direct access to all financial transactions.

Users who chose the e-government platform counter will not be able to afford the millions of personal options offered by the American Bigtech Alliance from 2022 unless it becomes a public option. Governments had to compete because they could not control the global rise of Big Tech.

Slightly annoyed by the rough sound coming from DD’s device, GDB, his tech entrepreneur in the mid-forties, negotiated the seat to get some rest. He has worked nearly 24 hours over the past few weeks to get the latest version of the Big Tech Alliance platform ready to go live on Wednesday. The daily dose of third-generation amphetamines recommended by a friend certainly helped increase their productivity.

Predictable shopping functionality requires different makeovers. Over the past 10 years, algorithms have been strengthened to create personalized shopping lists with 97% accuracy based on all purchase data generated by users. In contrast, the same hourly supply with drones and drones seems to be working very smoothly, especially for those who live in gate communities created by the Bigtech Alliance and are supervised by facial-recognition surveillance.

See also: Marcelo Pretz – Central banks are big choices when designing digital currencies

The game changer for the success of the Bigtech Alliance was the global cryptocurrency that it launched in 2023. Instead of issuing a stable issue with the help of sovereign money, the coalition decided on a common cryptocurrency with its own account unit, the BTA. BTA is not convertible into any sovereign currency and can only be used to make payments within the Bigtech Alliance platform. BTAs are promoted on approved blockchains run by large technology companies known as the “Six Sisters”. More than 4 billion people are using BTA today.

Sitting behind ZB, the 60-year-old RT gives him the ability to turn off his phone. This is the fifth burner this month. The sixth will be used in DC: you must always use a new phone in DC and carry a gun – in the case of RT, a compact semi-automatic 9mm pistol. RT is one of the founders of the AC1 platform, created by individuals and organizations who lost access to social media, internet infrastructure and financial services after the Capital attacks.

The AC1 platform was built from the ground up, starting with the technical resources needed to host and power the network without relying on third parties. The founders of AC 1st, “Platform War” refugees knew that if they wanted to promote more controversial views, they needed to create platforms, applications and even money.

And so they did. The AC1 platform provides all the necessary services to its members, from general message exchange to money transfer and property title recording. Bigger than that, the platform is completely anonymous and invisible to non-members as it runs on a self-hosted network of blockchains.

See also: Marcelo Pretz – 4 myths about CBDC degraded

This network of blockchains also provides 1st coin, a cryptocurrency based on programmable rules that are automatically enforced by smart contracts to ensure price stability. Similar to the BTA issued by the Bigtech Alliance, the 1st coin cannot be converted into any sovereign currency or used outside the AC 1st platform.

After an hour and 13 minutes, the jet landed in a rainy and starving DC and these three passengers would soon land and separate again. Since they basically shared values ​​and beliefs as these declines have subsided since the capital riots, this flight was probably the last time they could coexist in peace.

Whether it’s a glimpse into the future, where the technology of money makes life easier, or the beginning of a dystopian scientist-novel, only time will tell.

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