Not many people in the room, the news media or the general public caught this in 2002 regarding crypto, specifically stablecoins, its use and its future use.
Regulation - "what we are missing is policy. When we get policy and the regulator regulates that's not a negative thing..."
What it is - "...its all software..."
Useful life - "why can't we limit the duration of the asset to 12 months or less" - think long and hard on this.
Stablecoins - "if its backed by the US dollar it will become the reserve currency of the earth".
Translation: GDP, investment markets and money flows will be kept up via an inactivation date of the crypto via government regulation - spend it or lose it and be taxed on it when you spend it before it goes inactive. This allows for government access to money earned in savings accounts that was previously not available via forced commerce. Around the world. This also makes inflation/currency devaluation a non issue since the crypto will term out before inflation is noticed (except for income lags, but that can be taken care of with wage mandates and UBI - in theory). I warned about this a year or so ago. This is the base of the great reset. Combine it with AI controlled databases and now you have complete control. That's called central planning with control that has never been seen before.