Cryptocurrency - The End of Money As We Know It
The question of whether crypto currency is just a trend -or if it’s here to stay- can be answered quite simply: Our current money is inefficient and unreliable whereas crypto currency has proven itself to be the exact opposite!
All goods or services require the exchange of a currency at one point or another, which indicates the immense impact that money has on our way of life. An outdated and unreliable form of currency has the ability to stun economic growth at all levels, from personal to global, whereas a new- more efficient currency- has the potential for revolutionizing trade and granting financial freedom. Crypto currency is the monetary revolution that will optimize the buying power of every individual around the world, ultimately feeding global markets beyond the capabilities of our money today. Just as with any new invention, crypto currency is faced with skepticism and ridicule as a result of its potential for change, however, it will inevitably come out on top as a result of its sheer efficiency and the peoples natural demand for it. Crypto is the future and the future is near.
Our current monetary system is unreliable. It is shackled to the 20th century and even still, uses innovations from the 15th century. It is a system largely based on transferring debts and operating on trust as a result of lacking the physical value the money supposedly holds. For example, if every banking customer in your country withdrew just 3% of their deposit in cash, it would become very evident that the “money” you have in your account doesn’t exist and realistically, never did. This is the direct result of bankers, politicians, and lobbyists directly influencing the existence/creation of the current monetary system, influences that absolutely no one has access too with crypto currency. It is simply outdated, unreliable and grossly inefficient.
Crypto is the most efficient currency ever created to date. The common qualifications for a currency are scarcity, recognizability, ability to be divided, exchangeability with other currencies and that it’s easy to carry/portable. The creation of metal coins was revolutionary centuries ago, and proved even more viable with the trading of bank notes as opposed to metal coins. But with the rise and constant development of technology, crypto currency is bound be the next step in the evolution of money: from goods to coins, from coins to bills and now from bills to crypto. The bond between precious metals and paper money is fading into history and crypto currencies resurrect the natural demands for how currency meets the needs of the public. Payments can be made safely without a middle man, investments without a broker, loans without a bank, insurance without an under writer, money can be sent around the world instantly and with much smaller fees. Not to mention, Crypto currency has the ability to add billions of people into existing markets by overstepping the barriers behind creating bank accounts and replacing them with ‘virtual wallets’ on any persons smartphone. You simply cannot ignore this inevitable change, get ahead of this wave and start mining today! The future will thank you.