A Thank You To Crypto
Thanks to the advent of cryptocurrencies like Bitcoin, the internet now provides us with a monetary system that exists free of any central authority. The money exists on a decentralized ledger known as a blockchain. A blockchain is a continuously growing list of data blocks secured by cryptography. It is an open, distributed ledger that can record transactions in a verifiable and permanent way that is secured by a peer-to-peer network that prevents alteration of old blocks, thus ensuring the security of the system.
This new paradigm of money as data or money as a service, is already displacing government money in a very significant and important way. When people can choose to use money that gains in value as more people embrace it, (the way that most cryptocurrencies are designed) no one will choose to use government money that is designed to lose value, as a means of ripping off the people forced to use it. Embracing cryptocurrencies to take the money racket away from government, might be the most important thing we can do to achieve a free society.
@adamkokesh you are writing about new technologies, in front of the door of the conventionals monetary systems, touching the doors homes directly, getting in slowly as water, being useful for every average people for a minimum cost and times.
If compares new systems with conventionals: Which are the differences and advantages? Where will practice the current bureaucracy? ...which are those changes that the governments will have to do to laws and the businesses, and the people? When...?
For those reasons the government of the United States, dedicated a whole chapter to cryptography and technologies as Blockchain in the annual economical evaluation for the last year.
Whatever the circumstances, we still have to thank Crypto, even though Cryptocurrency is experiencing a very significant fluctuation, but at least, Cryto has been able to change the world view of the economy and the global financial function into a new paradigm, whatever the circumstances, I still believe all types of currencies the coin will soon return to a proportional price.
Muchas gracias, crypto,
Muchas gracias, señor Nakamoto,
Muchas gracias, la comunidad, y
Muchas gracias, Dios.
Governments have had control of our finances for a very long time. Dictating on how we use our hard earned money using the banks to regulate it. That time has come to an end thanks to cryptoassets. The power of people's hard earned income is coming back to their hands. Where you have the full control of your finances; withdrawing and putting to use whatever amount you wish to without worrying of the costs and time to do that.
The governments have put up a big fight on the cryptoassets. Pushing for their ban on all platforms like google, facebook, twitter, but with the number of people that are joining the market, this fight has long got won by the public who are choosing where to put their money to experience some freedom when it comes to their finances. Blockchain technology has influenced more activity, and as more innovations continue coming up, the future of currency has already been decided by the people.
The blockchain can be used to safeguard your money as a bank: each transaction is registered as a block, and at any time there is something remiss, the system is notified automatically, without the need for third-party security.
For example, Santander Bank has estimated that this system could save financial institutions up to $ 16 billion in administrative expenses.
It will help banks to be more efficient and faster in their transactions, and more digital portfolios will be used for payments and transfers.
Imagine that you arrive at a coffee shop to pay for your express double. If you use your card, the bank sends money to the cafeteria bank, as well as to two or three other financial institutions. Three days later the money arrives. It is expensive. With the Blockchain it is like cash, like giving money to the cashier from a digital wallet, because the payment is immediate.
The benefits of speed and efficiency are evident as you move towards an increasingly cash-free society. For banks it can be a forced and somewhat painful change, because ultimately, the less transactions they process, the less money they will make, but for the user it is a very effective advantage.
@joelgonz1982 What exactly are you blathering on about? Are you saying that it will be beneficial for banks to use the blockchain to help customers send their government's fiat money faster? Fiat money is debt + interest that is funneled through intermediaries called banks which commit fraud, charge you fees just to be in their presence, you need to ask permission to access your own money, and some are considered "too big to fail!" In case you didn't get the memo:
Yes Crypto currency is definitely changing the world for the better i believe :) You post some great stuff i'm now following you :)
Nice blog, thanks for sharing. I've smashed the upvote button for you!
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I am so excited to see that finally we can build a free society. A new system decentralized, borderless and we all have acces to it!
Very good content..have a nice day @adamkokesh
That is very true @adamkokesh ,especially with the current crop of the top political leaders that are currently running the governments of the world, society needs to find systems that are not under their mercy if we are to continue with a free existence.