Pandemics are worst but the current one is worst than ever in the history,countries are desperately working for the cure when the number of cases does not seem to stop. Well,if you are worried and thinking what should be done that's upto you to figure out,staying at home,the only better way to help the world. As we are unaware about when will this end the least we do is try while not knowing what the future holds. In these times laying idle may not be helpful for you in the long run. So,I bring you the intriguing,the fantasy turning into reality,the serious issue the world may encounter other than Donald Trump opening the schools or the Final year college students of India having exams,Cryptocurrency the digital cash, also known as 'People's money'.Robert Kiyosaki,a hardcore American Bussiness man,refers Cryptocurrency as 'People's money' and the paper money as 'Government's money'.
Money,Wealth,Economy is the instrument of the Rich people to suppress or dominate the poor ones this concept brought forward by 'Karl Marx' was a harsh reality and is still a worse continuing reality.Money is one of the important source of living,from the ancient period to the present money has taken a massive change in its form making human life easier and harder.Sovereign states have their own independent currency over which their dictatorial monopoly exists. Money affects every people no matter what financial status they have. A simple example,suppose a wealthy person,rich enough to buy a Ferrari or even something expensive has the fear of losing the money imagine how this could make this person's life disturbing or even pathetic. But every problem has a solution right,monetary problems also had solution and that life saving solution was Financial institution that provides security concerning money.
Now,today in this world of advanced technology fantasy seems no more a daydreaming thing,the reality is totally taking a 360° turn,some say this could be the future of money. It is the biggest invention which seconds the Internet,what I am talking about is 'Bitcoin',the hot trending new money. Bitcoin a.k.a magic money is the first digital widely spread cryptocurrency that lives in the Internet. It is backed by the blockchain technology which is said to be a masterpiece and unbreakable as far as security is concerned. The unbelievable fact is that it is a decentralised form of money, there's no third-party noone controlling the money. Bitcoin was developed by 'Satoshi Nakamoto' in 2008,who is a mysterious smart person,'Satoshi Nakamoto' the identity with this name is unknown. Satoshi leaves 9 pages of information that today is seen as Bitcoin and suddenly disappears out of nowhere. Bitcoin becomes controversial,mostly debated issue over the internet and many other platforms claiming that it may take over the traditional finance system.
Although Covid is causing devastation right now,the world is also developing,people needs to anticiapte and keeps track of things that is happening.What if Bitcoin is the future of money,what do you think? Leave a comment down below.
I personally recommend watching this video where
Michael Moynihan travels to Russia with Vitalik Butterin,inventer of Ethereum blockchain(another digital cash in the Cryptocurrency) asks Sergey Gorkov "what would you tell a country who hasn't embraced blockchain technology?".Sergey Nikolayevich Gorkov is a Russian banker and attorney,he replies "lets imagine there are countries that refused to implement the internet back in 90s and 2000s. Where would this country have ended up today? Those who don't deal with blockchain today will end up in stone age in 20-30 years".
Money,Wealth,Economy is the instrument of the Rich people to suppress or dominate the poor ones this concept brought forward by 'Karl Marx' was a harsh reality and is still a worse continuing reality.Money is one of the important source of living,from the ancient period to the present money has taken a massive change in its form making human life easier and harder.Sovereign states have their own independent currency over which their dictatorial monopoly exists. Money affects every people no matter what financial status they have. A simple example,suppose a wealthy person,rich enough to buy a Ferrari or even something expensive has the fear of losing the money imagine how this could make this person's life disturbing or even pathetic. But every problem has a solution right,monetary problems also had solution and that life saving solution was Financial institution that provides security concerning money.
The creation of Financial institution like Central Banks totally centralised money,this is what I meant by state monopoly over money. If this is not making sense here's an example,your country has an administration that controls the country likewise the bank controls the money.
Bitcoin, Ethereum and Ripple. |
Although Covid is causing devastation right now,the world is also developing,people needs to anticiapte and keeps track of things that is happening.What if Bitcoin is the future of money,what do you think? Leave a comment down below.
I personally recommend watching this video where
Michael Moynihan travels to Russia with Vitalik Butterin,inventer of Ethereum blockchain(another digital cash in the Cryptocurrency) asks Sergey Gorkov "what would you tell a country who hasn't embraced blockchain technology?".Sergey Nikolayevich Gorkov is a Russian banker and attorney,he replies "lets imagine there are countries that refused to implement the internet back in 90s and 2000s. Where would this country have ended up today? Those who don't deal with blockchain today will end up in stone age in 20-30 years".
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