In a constantly evolving world, money also experienced a significant change with creating Bitcoin in 2009. This cryptocurrency is designed to break the molds and offer an alternative way to make financial transactions, without relying on intermediaries and without being controlled by any central entity.
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In any daily transaction pays with physical money, the trader does not know his name, his address, or the last one you bought, but now that ‘privacy’ are removing the corporations and governments that insist that, for our security, they need to know everything about us. Fortunately, about a decade ago, a group of people took an exit.The idea of Bitcoin is to avoid centralizing financial data. And this is especially important because the world without cash approaches, isn't it? Or do you imagine that your children or grandchildren will pay with money on their daily expenses in the future? This is a revolutionary step in the history of humanity. Today, in developed countries 8% of transactions are still carried out with paper or metal money, so we can ensure that children who today do not use this means of payment.The problem is that very few people learned about Bitcoin or got involved in it so far. So less than 1% of the world knows about Bitcoin or its features and functions. Less than 70 million people we know. But compared to the 2 billion people have no identification or are not banned the number becomes insignificant.+One of the most amazing things about Bitcoin is that you don't need a bank account to use it. You do not need permission from any entity or authority. It's completely without permission. All you need is Internet access, which can bring us equal opportunities.If we look at the evolution of the money since when we used to have a system of trueque, through sea shells, through precious metals stamped with faces of kings in them, up to currency paper now to credit cards and mobile payments, SIEMPRE was necessary the intervention of a Third Trust, ‘reach’ that guarantees the transactions until another way of having a monetary system without a central authority, and that is.Think about how digital payments work today and again: There is a third in the middle, whether Visa, ApplePay, PayPal, WeChat, someone in the middle can monitor and/or freeze your transaction and/or confiscate your funds. With Bitcoin, your transaction is completely from person to person. Payment processing is carried out by decentralized global competition and not by an entity.And if you think about the fact that 4 billion people live under authoritarianism, this could be a very useful exhaust valve. We don't all have the luck or luxury of living in a country with a reliable financial system... Therefore, this alternative where there is no authority that can eliminate people's ability to access Bitcoin and have a financial identity, adds value.In countries such as Zimbabwe, Venezuela or Argentina, by quoting the most extreme examples, the government can hyperinflate the money it earns. If they think about what they had to endure the Venezuelans, especially the poorest and middle-class, think about the depreciation of their savings in the last decade, where even in recent years, a cup of coffee in Caracas cost 450 Bolivians, then cost 4500 Bolivians, after 1.4 million. So what you are seeing is for the poor and middle-class people, the vaporization of your money and your effort... With Bitcoin, they can have an alternative exit.Bitcoin is pseudonymous and transparent, which means transactions can be verified by anyone, but the identity of the owner remains private. In addition, it is a real global asset and without borders (like gold, but no one walks with a ingot through the street no?), which makes it accessible to anyone with access to a mobile phone.For these reasons, I think you should consider Bitcoin as a technology that has changed the paradigm of the Traditional Financial System. This is one of the largest open source projects in the world, which allows us to do something that can help us perform transactions freely without permission, without leaving such a big digital footprint.
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