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!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
very nice
your information is very nice and impressed me. thanks for share @adamkokesh
great post thank you for shareing
True, Cryptocurrency is here and the world is changing. Just like the owner of twitter said, there is future in crptocurrency and say years from now. Bitcoin will be the sole currency of the world.
Come to think of it, having a decentralized system that government has no control over. Planet earth should be looking forward of having one online coin that does not require conversion, used in any country and accepted by all.
Thank goodness for Bitcoin/Steem/EOS
better to have competing coins... not just one.
This money not only fulfill our needs,but olso indiferent to any govt. actions.
welcome criptomoneda...
Amen to that 🤙🏼
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.
Well.. US freaks about everything that it cant control
Very good information..Thank you brother.
It's thanks to the blockchain technology that most third world countries, who would otherwise continue living in strife, are now realising and using this technology to its maximum. Transfer of value (money, now translating to Bitcoin etc) has become easier, quicker and much cheaper.
I mean imagine someone who comes from Somalia and works in America. Can you imagine how much that person had to pay in fees before? Just to send money home. And what about the timeframe? It took long, 5-7 days to get that money home, and what if there was an emergency at home?
Now with the use of Blockchain technology and click of a button all can be taken care of in a matter of minutes rather than days.
Can you think of the people that do not have bank accounts? Mainly due to government corruption, lack of infrastructure and poor economy. And there's a ton of such people. Now they can enjoy the same benefits and more by taking control of their own finances and without having to touch the bank. Now that's what blockchain technology enables us to do, leave the banks and their derogatory systems designed to permanently enslave human nature.
What's even better? Now you can even earn for free on platforms such as Steemit, by just dedicating your time and committing yourself to do the work. Fourth industrial revolution is at hand.
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!
I agree it is absolutely a critical concept to be embracing that sadly still many are not. The sheeple are slowly waking up
Freedom is just as much about taking personal responsibility than it is giving up the ability for someone to control us.
Im Glad Someone Created Bitcoin And Gave A Reason For Further Creation Of Free Markets
A paradigm shift no doubt. Even better to be aware of these strange times unfolding right before us and at the speed of it all, with the unveiling tech.
wow this information very excellent thanks for sharing, good job .
I read your post out loud to my unschooling family (as I do most posts because it typically prompts some good discussions/debates/questions) but anyways I must say the basic conclusion we have come to is that people need to have/be aware they have options in order to make informed decisions to achieve their own best individual choices. Cryptocurrencies (there has to be about a million ones now) enable/free societies to make informed choices. So Im happy to contribute towards the younger generations learning about and engaging with other currencies. Thank you “too” to Crypto from another unschooling mama 👩🏻💻
Only BTC has accomplished the "money" definition for now; Right now we can use BTC to pay, from small shops to big companies (airports).
All the other coins still have no accept in the global economy, but things are changingand the blockchain technology will become the future with a lot more coins like BTC offering freedom to people.
We would also like to give a big shout out to crypto! Without cryptocurrency we wouldn't be here today and we truly love what we do at Blockbasis. We are passionate about making cryptocurrency accessible to all through our decentralized platform that allows users to send, receive, store and exchange cryptocurrency. Our platform is unique in that users sign up through facebook and email and use email to send and receive crypto, simplifying the process and improving user experience :)