Hello my dear Steemians,
Today I also wanted to take part in the Steem Challenge that is organized by #steemitblog, this time topic is “the Future of Cryptoccurrency”
The cryptocurrency is something very young and until now the majority of people still do not trust cryptocurrency calling it the products of hackers, dirty money and even hate it.
We know that as human being we are very easy to influence using all type of media such as newspaper, TV news, youtube , that became another alternative source of information and of course enormously quickly growing Internet.
The financial world currently dominated by fiat money, that is beautiful name but there is sometimes no value behind. The real valuables are gold and silver.
We are all very well aware about those valuables and government is strongly supporting them. Banks on other hand are very happy to be the medium chain between money and us the people who owns money but we all giving and trust our money to those institution for save storage.
Since the time of the first cryptocurrency was created, it became clear that actually we can exist very well without the middle man between us and banking system. We do not need “mummy” who is keeping our money and we are allowed to have money when we want but they want to know everything about us: where we work, how much we earn, if we earn enough to receive a loan and how much they can give us to make sure they will receive their money paid back, but of course with percent for lending.
With cryptocurrencies we decide about our finance ourselves. But of course we have to learn and choose what we want, how much and when.
If you want to buy or sale you can do it any time from anywhere and the transaction happens real time within seconds . The only thing you need is Internet and of course you should know and keep your Passwords save. Otherwise once lost you will never find it. Unlikely to banking system, there is nobody who will recover your account and give you access to your savings.
Seeing that the government is of course realizes the danger for them to be excluded from their profit that they earn on all the transaction, the profit of storage of money of all of us.
Just think about the time when due to economical crisis in Greece few years ago people started to withdraw their money in order to get cash, that time few of the banks became bankrupts and had to shut down.
Only if the government will see benefits for itself then it will support Cryptocurrency. Nowadays there are many different approaches in different countries but slowly and surely it is approaching to the moment when even government will likely create their Cryptocurrency. What do you think if it would be popular or not. I think it would, because it is normal that people trust government, it has a backup financial support and even if it will get bankrupt State will cover those expences.
The cryptocurrency will have a good future in general and may even dominant the modern financial market. Do you remember few years ago when we heard Bitcoin we did not know what it is and what we can do with it. But now we know that it is one of the most valuable Cryptocurrency in the whole world.
The new generation is growing with all the modern electronic equipment. The children learning already since their childhood years how to use, play and starting from teen ages they already try to write themselves some programs for games. That is beginning. Programming is the essential in developing of everything starting in Medicine, engineering or development the exploration of space. Of course programming skills are basis for successful blockchains and Crypto world.
Therefore within next 10 years we will be witnesses of extremely quickly developing world of Cryptocurrenciey.
Early bird catches the worm
- If you are reading my post that means you have at least Steem as Cryptocurrency. Steem is one of the most easy to earn Crypto based on blockchain with social interaction. You can benefit from:
- New friends, all over the world with different background but the same aim, people who are as you a part of the same community
- Communication is the essential foundation and being a human we are social species and we would like to have a place that gives you both communicate and earn
It is a good news and many of us have heard that Paypal users now will be allowed to use Cryptocurrencies like Bitcoin, Bitcoin cash, Ethereum and Litecoin to buy, sell. That is only the beginning and as you might well know how popular Paypal is. I would not be surprise if we hear something the same from Amazon or Ebay in near future. Once it starts it will get viral, that will open a door for Cryptocurrencies into our daily life.