Cryptocurrencies & Wealth Redistribution.
Have you ever noticed how prices of food and practically everything else has risen but our wages haven't changed to accommodate this shift in living expenses? - The value of our dollar is crashing.
It seems now a days we can only buy a small fraction of what we used to be able to buy awhile back. As the value of our dollar continues to drop, Living for the average person becomes more & more difficult and the gap between the rich and the poor widens. The value of our money decreases every-time they decide to print more. And who decides this? Government? ... No! A private corporation that owns the rights to money itself. Let me explain: Currently the fiat money we use is not owned by the government but is owned and printed by a private corporation - This is wrong on so many levels... Corruption is at the core of this scheme.
The Government goes into debt to these private corporations when they receive these loans.. Inevitably the Government cant pay back these high-interest loans that they receive.
In the end the ones who this debt falls onto are The Tax Payers. And if that wasn't bad enough when ever these few corporate money masters decide to print more bank notes, the value of our dollar drops.
Cryptocurrencies on the other hand are finite and thus only increase in value the more people use them.
The Blockchain Technology Allows The System To Be Near Impossible To Hack Or Be Corrupted Like The Petro-Dollar. This is how a redistribution of wealth can occur in the upcoming years - soon the average person will be comfortably financially secured to some degree. Think of Ethereum for example as a decentralized form of currency - It's relocating the power that the few have over this one commodity (money) and giving back to the individual.
Remember back in the old days when banks used to pay you to keep money with them?
Well those days are long gone - Now they nickle and dime your funds away and find ways to charge you fees a million different ways. With Cryptocurrencies: - Think of your Ethereum Wallet as a simple wallet. There is no fee(s) to have a wallet (It's like your own free personal bank) And Its Value essentially grows in time instead of decreases as per our current model. The Value of Cryptocurrencies has the potential to grow exponentially in the years to come at which point it may level off once critical mass is reached. It has reached record highs already in value and it has just begun. Once they are accepted mainstream (which they slowly are & gaining momentum) That's when the fun truly starts! Cryptocurrencies value is mainly based on the popularity of the coin; The number of its users in correlation with the amount of coins in circulation. With the use of Crypto Currencies and they're Electronic Wallets, there will be no third party to hassle you for long lists of information to see if it meets they're criteria, protocols and regulations before you can use your own money. Or stop payments because they want more information out of you first. There is no third party asking for a cut, multiple fees & control over and of your assets. You are free to do what you will with your own money.
Thus as Cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, Monero, Etc. become accepted as payment on the mainstream level (which it is) you can be assured that the value will be proportionate to the amount of users - which is growing and is going to continue growing at a faster rate as it becomes largely accepted as a payment source world-wide. And we are currently seeing this happen more and more.
In time - the average person can finally become financially secure. Another benefit of using Cryptocurrencies & sending Crypto Coins to another's wallet is that its just you and that person you are dealing with no external parties -wanting a fee of your transaction and control over your funds asking for your private & personal information. One such example happened to me just a few weeks ago; I was selling an item to someone and because the amount of money I received was more than I usually have in my PayPal account - This triggered they're tracking algorithm of my account (as they do to every ones account) to say "Hey this is different than his normal payment routine" - My account was then frozen and I was harassed for all my private and personal information as well as details of my business and dealings - which I felt was none of they're business and was a complete invasion of my privacy. In the end I reluctantly ended up providing %98 of this information, which they were giving me a hard time about for not providing the last 2% which I actually could not do. Then after this hassle they provided me with terms to my transaction which I did not accept. I did not agree to these terms so I had no choice but to cancel this transaction with the buyer... And Voila they un-froze my account! I did not appreciate that nor did the buyer. ... This doesn't happen with Bitcoin and other Cryptocurrencies. - Its direct - Source-To-Source Dealings. -Its Quick & Hassle-free.
7 Comments
7/27/2022 04:02:33 am
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12/19/2022 07:58:51 am
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1/4/2023 10:19:47 am
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