2035: Bitcoin and Europe swallowed by the abyss of inflation [Crypto Dystopie]
What will our world be like in 2035? – Ours favorite crypto will it disappear or will it be more than ever at the heart of our lives? Will the Bitcoin blockchain change the face of the world? We had fun, through little stories, imagining our world in the not-so-distant future. The story that follows is fictionalized, imaginary, without any pretension to foresee the future. Have fun with us and immerse yourself in our new summer format. Board the DeLorean JDC, direction 2035!
Europe facing the euro crisis
1 February 2035, place Jean Jaures, Saint-Etienne, 18:15.
At the restaurant Le Méliès, Max has a drink with his colleagues. It’s a little pleasure for them after work. And then the money, you have to spend it quickly. Very fast.
A waiter comes to pay them. €500 per pint. What would have seemed like an astronomical sum a few years ago isn’t so expensive anymore, since Black Friday. On January 19, 2024 the euro has collapsed. Italy, excluded from Europe in 2023 after a monetary policy divergence with Germany, caused its slow but irreversible decline. Other countries followed. Greece, Portugal… Rumors are now talking about Spain. The euro zone is fragmenting, as is its single currency.
19:00 – Max walks down the rue Charles de Gaulle along a tram line that has been out of service for a long time, due to lack of energy to run it. Head to Place Carnot. The icy cold mixed with the fog penetrates his jacket. He can’t wait to get home.
Moreover, he must hurry to join Mary and the children to eat. At 20:00, the electricity will be cut off in the Rhône-Alpes region, due to a lack of electricity. It’s a fact, it exists now not enough energy for everyone. In turn, each area is plunged into darkness for 2 hours. Tonight they are the cities of Lyon and Saint-Etienne. However, the president assured them that the situation was temporary. Two new nuclear reactors will be commissioned this year at the Gravelines plant. Which finally satisfies the population’s needs for electricity.
The energy crisis accompanied Europe in its decline. The great euro crisis was initiated by the loss of confidence of foreign credit organizations before the deterioration of the economic situation in Germany. In 2025, Europe tried to stop this hellish spiral. Tripling of taxes, limit on withdrawing money from the bank.
“An unprecedented collective effort for an unprecedented crisis,” they said.
But, faced with the revolt of an exhausted population, Europe retreated. In 2027, governments chose the least painful solution… in the short term. Printing money galore.
– Thin, bread! Max exclaims. He almost forgot.
19:10 – Max enters the Maison Carnot bakery, rubbing his hands together to warm them.
– Good evening, wand please.
– It’s here. €157
— But yesterday it was €151!
– And yes, my good sir, you have to buy flour, answers the baker.
With a loaf of bread under his arm, Max walks down rue Clovis Hugues to Place Girodet. He opens the door of his house. Finally the one his parents bequeathed to him. Today there are more means to buy. Money is devaluing so fast that banks are now refusing to lend it. They know very well that the monthly repayment of their loans will be worth nothing in a few months. Even with an interest rate of 80080000%.
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Europe is facing energy shortages and Bitcoin
“Honey, it’s me. I have bread.
– And I went to Auchan de Villars, to do my shopping for the month, Mari answers. According to the saleswoman, prices will be doubled tomorrow. I warned my brother. He worked late today, but he will still switch to Leclerc.
Every beginning of the month is a raid on stores, worse than the first day of sales. As soon as they get a salary, people spend it on shopping, movies, restaurants… On cigarettes or bottles of milk. Anything that can hold value longer than the euro. Because the next day they know that with the same amount they can buy twice as much as today. And every month, wages are adjusted accordingly, upwards. A real headache for companies on the verge of bankruptcy.
Sometimes even money runs out. Inflation is such that there simply isn’t enough new money in the economy to keep it running smoothly. Printing money created a money shortage.
19:20 – Max finishes setting the table while Marie calls the children to the table.
‘And besides, Serge, the boss, has warned customers about the supermarket’s impending closure,’ she told him.
– Oh? Max wonders.
“They’re just not profitable anymore.
Prices are rising so fast that the cost of restocking the store exceeds the revenue from previous sales. Taxes lose value even before they reach the state’s pocket. European society is on the verge of collapse.
19:45 – “… the ECB should publish its ” european bitcoin “in the coming weeks to replace the euro that no longer works…” announces Clara Cheval for the newspaper TF1.
– Another stupid thing… grumbles Max. They harp on our ears with their new currency, but people don’t trust them anymore.
– We will have no choice but to use their things, in any case, says Marie, who has resigned. As usual, we have no say in the matter.
– As if we could start from scratch so easily… Max sighed.
20:25 – Lit by candlelight, the Detunes family plays a game of Uno before bed. Max and his wife are worried about their future. On top of that, Europe has banned foreign currency holdings from 2028 to prevent capital flight. There are no more dollars, it prohibits the possession of cryptocurrencies and this famous digital gold, so called Bitcoin which seems to be popular across borders.
In any case, today’s traditional European media reports very little of these innovations.
21:55 – Max goes to bed, wrapping himself in his blanket. 17°C on the thermometer placed on the shelf. With -15°C outside, it is normal for the temperature in the house to drop quickly. It will go up when they turn the power back on in 5 minutes, he assures himself.
Through the window, the frost advances on the glass. This winter is the harshest ever. While in August they sweated out all the water from their bodies at high temperatures. The climate is definitely getting weirder.
Hyperinflation threatens all countries caught in a frenzy of money printing. This happened in Zimbabwe in the late 1990s, whose example inspired this story. Because money must always be based on work, energy expenditure, in order to convey real value. The problem with the debt based system is that money today is created with one click, without effort. Printing money has become so convenient for our leaders. But one day we will have to pay the price. Note that the future of Europe will not necessarily be identical to that of Zimbabwe, but the signs we are currently seeing are worrying. In this context, a limited digital resource is interesting, the creation of which requires real energy consumption. This new process responds to current issues current transfers and ecological transition is a candidate for replacing the existing system. This digital gold Named bitcoin, will it be successful in the long run or will it forever remain a utopia? Only the future will tell.
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