Why use cryptocurrencies?

in #cryptocurrency5 years ago (edited)

Hello dear readers!

For some time now the subject of cryptography, the future of cryptocurrencies and their massive adoption has been discussed, campaigns and promotions are being carried out, generating a debate with conflicting opinions. With this publication I want to motivate all those who have no knowledge or are skeptical of this technology to try and know the benefits that it represents.

Some say that cryptocurrencies are the solution to all the problems of money Fiat and that these should replace it to be used in all commercial exchanges, others say that the two forms of exchange should coexist, while the detractors talk about their use in illicit businesses, there are radicals that qualify as an illusionary fantasy, that the crypts are not real money.


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However, despite all the opinions for and against there is a certain fact that we can not deny, cryptocurrencies continue to advance very well although there is fear in some sectors that it is a "bubble" that is deflating in Any time many investors do not seem to care about this and the trust in crypto continues to increase.

Now, why use cryptocurrencies? ... I am one of the people who declares himself a fan of crypto or cryptocurrency enthusiast and as I understand more about this world of cryptography, I defend and promote its use, possession and Adoption for some reasons that I will expose quickly and easily.



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Financial Freedom

Among the many reasons why I recommend the use and possession of cryptocurrencies, I want to highlight this. The decentralized feature of cryptocurrencies allows you to have control over the amount you have, since you do not depend on any financial institution for the movement of your funds, you will only be limited by internet and some mobile device or PC to mobilize the amount of funds you need move at a certain time, in the case of Venezuela there are limits established by banks to mobilize in each transaction (Fiat Money), However, in the case of cryptography you have access to the amount you need to mobilize in case of an emergency.

Imagine a world where salaries are in cryptocurrencies, commercial exchange, acquisition of goods and services are made with cryptocurrencies (mass adoption), you have control of your financial movements through your personal wallet with your unique password to which you can have access 24 hours a day.

It's part of the freedom that crypto gives you!



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Security

Regarding this feature I must say that the coins generated by the bockchain are protected by encryption, it is an encrypted information that protects your investment from hackers. I must also mention in terms of the possession of your funds, these are stored digitally in wallets, purses to which only you have access through a unique key that only you own and if you take care well no one else can access your funds, although There is a risk that if you lose your password you may lose your funds but there are different wallet options that you can use to have more control or security of your funds.

To know more about these purses and their types, I recommend you read this publication of my good friend @jadams2k18: Wallets. How many do you have?



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Practical use

Many people when they hear about cryptocurrencies in technical and complex terms feel as if the use of cryptocurrencies is something that is out of reach, however, the use of cryptocurrencies is something practical and simple to which all people can have access, you only have to have a mobile device or PC and Internet connection, so if you have how to invest you can get a wallet, buy cryptocurrencies, or enter a project where you can get and start familiarizing with them, although now there are few shops that accept them more and more people are joining this method of payment, however, there are countries where there are different exchange houses where you can convert your crypts to fiat money.

In the case of Venezuela, crypto has become an alternative to protect your savings or your capital from the severe devaluation that exists in our country.

Conclusion.

A message to all the active communities in steemit, SprtsHub, Whaleshares, Weku, CBNT and any other means within our reach including traditional networks, we will promote the use and adoption of cryptography as a truly fair means of commercial exchange, Free and safe in such a way that the adoption of this system will bring forth a new global economy.

I do not consider myself an expert in cryptography but I am trying to educate myself and share my knowledge and my passion with other people. I want you to share your opinion about this topic and make some contribution that may interest those people who still look at cryptography from afar, give them the opportunity to approach this fascinating world.

I am happy to receive your comments!!


@fucho80

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It's decentralised screw the banks after they sent us all in a recession then they got a massive retirement plan!! Just hope we can protect it from rich pump and dump and the environment!

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Hello my dear @steemingmark, welcome.

Decentralization gives us a certain freedom that we should appreciate and value, of course there will never be a lack of those who are trying to take advantage and control the system.

Thanks for your contribution.

@fucho80, Definitely these are basic terminology but the most important one and those are, Decentralised, Financial Control and Financial Freedom. Stay blessed.

Hello my dear @chireerocks, thank you for visiting this publication.

but the most important one and those are, Decentralized, Financial Control and Financial Freedom.

According to you, brother, I think the most important feature is the decentralization of crypto.

Thanks for intending.

Welcome and have a blessed time ahead.

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Just yesterday my daughter asked me how money was created. While explaining it I realised that at any time in history when there was money people cheated on it.

  • they limed off some precious materials
  • they mixed the precious metal with lower quality metals
  • they cheated with the scales
  • when it was linked to a gold deposit they started to give several receipts for the same gold
  • then they started to create money without any countervalue
  • then they printed just as much as they wanted

With cryptos we have transparence and no minting monopole. It is very difficult to cheat on the money. That's why I believe in cryptos.

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Hello my dear @achim03, thanks for coming friend.

With cryptos we have transparence and no minting monopole. It is very difficult to cheat on the money. That's why I believe in cryptos.

Crypto is breaking down many barriers and building its own path. Undoubtedly the trust in cryptography continues to grow and every time there are more who join this passion for crypto.

Thanks for your great friend comment

when the work opprotunities are becoming less and age is more the best thing is to think outside of the box and the crypto's are helping so many people to get some cash and i will not say extra as it is the main source of cash in their lives.

your post is being resteemd and upvoted

thank you

Hello @red-rose, thanks for your comment.

when the work opprotunities are becoming less and more is the best thing to think outside of the box and the crypto's are helping so many people to get some cash and i will not say that is the main source of cash in their lives

Your comment is very successful, but cryptography has become an option not only for the elderly or those who do not find opportunities, it is attracting young people, adults and of all ages.

Thanks for coming.

A really interesting piece written! I would say crypto is a very valuable asset to invest right now. With its growing popularity and major giants showing interest in the decentralized currency, it will soon be in the hands of commons.

Hello my dear @yurelx, thank you for your valuable comment.

With its growing popularity and major giants showing interest in the decentralized currency, it will soon be in the hands of commons.

I believe that the scenario is given for the massive adoption to continue its course, I am one of those who think that crypto is building its own path and is forcing people to leave the old system.

Very good contribution brother.

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We still depend on an institution...no wallet no way you can use it and the fees are there too, so is the government and tax.

Dear @lanzjoseg

I just had a pleasure to read your publication. It's not very "fresh" post and I wonder if you're still even checking comments ...

Seriously I loved reading it. Solid introduction to the world of cryptocurrencies.

Personally I use crypto mostly as a store of value; not so much as a currency. And I strongly believe that this is future of this technology.

Cheers,
Piotr