DIAMONDS IN CRYPTO PLANET

After returning my country, I read a newspaper article about 'Steemit'. I joined the membership. It was an amazing and quirky system. But unlike what i expected, most of the content on Steam seemed to be limited to crypto currency and bitcoin. How good it would be if a variety of content would come up and read on such a great platform.

I closed the site with a sad mind. Time has passed. Then, suddenly, in order to get various contents from Steam, I thought that I had to write articles of other fields myself. The content topic I chose was Travel.

After spending a long time for writing in my poor English and uploading, I feel proud. 'Yeah, little by little.

In the meantime, I watched a TV Discussion about [Crypto currency]. In discussions, a panelist often said that ordinary people will not understand. I did that, too. So, it is not my main theme, but like a panelist, I thought how I would write about virtual currency in a way that I understood. Like this.

[There was a Crypto planet on the other side of the universe, and there were diamond grains all over the planet, especially on the riverside. The distance from the village to the riverside is so remote that villager rarely go there. One day a curious young man took 10,000 diamond grains from the riverside and said to the villagers.

"I will give 10,000 diamond grains, could you give me a pizza?“

The owner who did not have time to go to the riverside to run the pizza store said, "Yes, I'll give you a pizza!" He exchanged 10,000 diamond grains to pellets a plate of pizza. It was the moment when the diamond grains became money.

Shortly after the first dealings with diamond grains, the riverside diamond disappeared. People have found out that diamond grains come out when they dig 10cm beneath the ground. So people bought hoes. So the diamond grains went up to $1 per one. When the diamond grains buried under 10 cm were exhausted, people bought shovels and dig into the deeper ground. As the cost of purchasing a shovel increased, the price rose to $ 10 per diamond grain. People needed picks when the diamond grains under 1 m were exhausted. The price of diamond grain rose to $100. When people went down to 10 m, they could no longer dig their workforce. In the meantime, the people who earn money by digging the diamond grains have begun using forklift and digging the ground. The price of diamond grains became $1,000 per one. After a few more years, the price rose over $ 10,000 per one grain, and price is still rising.]

I made this story because many journalists talk about crypto coins as if crypto coins fell from the sky. Most of them talk about the high price of bitcoin, but they do not consider the cost of the miners. So they said if the bubble went off, crypto coins would be nothing, just like it would fall to $0.

In addition, one panelist insisted that "money should be managed by the government." I wanted to ask at that time. “Did the government that managed the money distribute wealth well in the meantime?” Most governments around the world manage their money, only 5 percent of rich people monopolize 95 percent of wealth in that countries.

Activating block chain technology along with crypto currency will create companies that utilize block-chain technology, and will naturally create employment if the block-chain industry gets better. Many coins pop out of the ground, waiting for being ruby ​​grains, crystal grains, and diamond grains. Of course, we have to discriminate gems from pebbles by keeping watch on.

Written by @roadpheromone