Cryptocurrency and the fall of current power

These days Crypto Currency is at the center of global attention. It's also simple, because it will replace the current currency. To understand it, we need to understand the history of money. If you see the market going down, you can use the main cryptocurrency bitcoin, eth to create a short order at primexbt to earn more money.

In the past, humans produced goods and exchanged directly with each other. Later on, it is difficult to exchange chickens for cows because the value is different, so people have to use curency! Gold and silver are widely used as a currency because it is rare, gold does many things and everyone wants gold. In addition, no one can make gold, only digging it up. Anyone who likes can go and dig for gold and no one can create gold by themselves. So power does not belong to anyone but is "distributed" to the whole economy!

Only from the last 100 years or so has the world given birth to a so-called "government". And this government guy decided to print it out to replace gold! Of course no one believes him, holding gold is now holding paper, crazy! That's why they had to do the so-called "gold standard", every time they print money, they have to have the corresponding amount of gold to keep! And every time they bring paper money, they have to exchange the same amount of gold for themselves! Only then will people accept paper money!

Gradually use it, because it is more convenient to carry a bag of gold everywhere, then people forget it is that paper money is a "symbol" for gold! So the government abandoned it "the gold standard", printing only paper money! Looks like the US just abandoned this in the early 70's, not too long ago.

When the gold standard was abandoned, the government naturally became great because they were the only ones who could print money! They print bluffs to solve the need that governs their economy! Inflation started there. And people are now so used to paper money, so used to money being "centralised" that they completely forget about currency used to be "decentralized"! Thus, like docile sheep, they are subject to government finances.

Then in 2009, with the amazing development of technology during half a century, all the achievements from computers to the Internet, mobile phones ... converged to you guys (apparently living upside down in Australia with very Japanese name) came up with what we know today as Bitcoin!

Why Cryptocurrencies Are Growing

Bitcoin, Ethereum, Litecoin… are different crypto curencies But the same purpose is to “decentralized” the currency. Roughly speaking it goes like this:
Cryptocurrency can be understood as bringing us back to the golden age. 

It is gold that is programmed in the form of a computer program, based on the mathematical formulas that you called Newton by your uncle devised a long time ago! This mathematical formula is open, known to everyone, and is used to "mine gold" from a finite gold mine! It means that there is a preset crypto currency mine, anyone can use the formula published for everyone to "mine" crypto money, and most importantly, no one can "print" a pile of money. with crime in any other way! That means the coin has been "decentralized", not depending on an individual, organization or government anymore! And that means we won't have inflation!
Once the coin has been "decentralized", the question is who will be the guarantor for that coin? So crypto currency is smart, it uses blockchain technology and distributed computing to ensure authentication! Basically, instead of the currency being guaranteed by the government and central banks, it is guaranteed by the people! Stronger than gold!

Not only stopping there, crypto money is so smart that it "executes" itself through the so-called "smart contract"! It's basically two men betting against each other at noon and tomorrow, it'll rain, until tomorrow, what's the weather like, the money will automatically transfer from the pocket of the loser to the pocket of the winner, no need for him to stand in the middle of the resolution!

A coin that is both "decentralized" and "self-executed", and certified by the entire population, is a superior currency to the paper money we are spending! But human history shows, what is more superior Will win no matter how much anyone tries to stop its development! Even governments, recognizing or not recognizing cryptocurrencies, all lead to the same result, loss of financial control! If they recognize crypto as a currency, their monetary policies are no longer valid because they have lost their most powerful tool, money printing! And if they don't accept it, then everyone who sells anything will switch to receiving crypto, and because crypto is not money, that is, there is no "moneytisation" so they do not have to pay taxes, the government does not collect get tax! Tired!

In general, crypto currency is gradually transferring power from the government to the people in a real way. Then we might start a new era, a period of economic deflation instead of inflation! One bitcoin a few years ago could not drink iced tea, now can buy a SH car.

Welcome to a truly free economy where govt is not in control!
PS: this article tries to use human language to explain a very complex and complex problem in the simplest way, so if you read it incorrectly, please ignore it!