Future of Finance

[Anonymous No.16300415]

It's looking more and more like the future is going to be a technocracy and the next step is big-tech take over of banking in the West. We can see this in slow motion happening:

>Google Checking accounts, Facebook Libra, Apple Pay, Ali/WeChat pay etc. >Govs planning cashless societies and digital currencies

Meanwhile big banks are still trying to milk Boomers for all they are worth with insurance, diversified index funds (shit funds), and all the other promises of security and "passive income". It doesn't look like current banks will be needed at all in the future, especially if most countries start issuing digital currencies (not that we know exactly how these currencies will function yet), but its easy to see them being left behind when Google/Facebook/Apple etc. make getting a loan a couple clicks and sending money instant/free.

My question for you big picture Anon's is, how does the power change from current big banks to tech companies look like? Will it be very slow motion change, will there be a great 'crash' or what? Would DeFi be realistically in the cards for mass adoption?

[Anonymous No.16300541]

It doesn't matter. Jews will still be in control.

[Anonymous No.16300571]

>>16300541
Of course. The Cyber-Jew class will have all the power. But the opportunities are in the confusion/legal gray areas when the power transfer happens

[Anonymous No.16300623]

>>16300415
The only thing I can tell you is that you better buy chainlink cause none of that is possible without it

[Anonymous No.16300637]

>>16300623
Of course, already have. Smart contracts will be fundamental to automating so many things

[Anonymous No.16300642]

>Libra
opinion dropped

[Anonymous No.16300655]

>>16300642
>Libra
didn't say it was getting adopted. Just shows what direction they are thinking in

[Anonymous No.16300676]

>>16300415
so buy LINK while you still can.
Gotcha

[Anonymous No.16300690]

>>16300415
>how does the power change from current big banks to tech companies look like?
it looks like a bunch of zoomer faggots buying apple stock with credit cards on robinhood, then getting an endless barrage of ads for the new iphone as they struggle to pay down 25% (((interest)))) on purchases of overpriced consumer electronics stock

there's nothing wrong with paying cash in your daily life and buying index funds with tax-advantaged investment vehicles (e.g., Roth IRA). read the bogleheads wiki: jack bogle was one of the few uncorrupted gentiles in the financial industry and you simply can't beat the index funds. "you get what you don't pay for."

think about it. VTSAX has an expense ratio of 0.04% and IBB (biotech) has an ER of 0.47%, and I've seen ETFs/mutual funds go as high as 0.9%

this means that a fund of all the non-meme biotech companies, poised to become THE 21st-century industry, needs to perform 11.75x better than the overall market just to reach parity with VTSAX

I won't pretend like I didn't make a cool $500 on maybe $2k of ARKG (a genomics fund with 0.9% ER) this year, but I've since settled into a boomer-tier 3-fund portfolio with a couple cheap ETFs in healthcare and IT

holding that meme shit would've raped me in the long run, the only time scale that matters. only poor people think in terms of weeks, months, and years. rich people think of wealth over decades and centuries.

also buy physical gold.

[Anonymous No.16301693]

bump

[Anonymous No.16301730]

>>16300415
We must develop self-sovereign computing tools that complement protocols like btc or else we will go from the current system (which is already essentially technocratic feudalism) towards a full-scale cybernetic panopticon. Learn to Hoon anons! Learn to Hoon like there is no tomorrow!!!