#1 The Risk: Bitcoin, Crypto & Decentralization! Your Take

Hello! Friends,

What do you think Bitcoin will become in like 5 or 10 years from now. Bitcoin network clock 10 years this year and I begin to think about what will become of this coin in the next decade. Will there be coin or token that will take the place of Bitcoin? Will Bitcoin be out of the market? Will there be upgrading in its network to bring new technology? All these were what runs through my mind when I begin to reason along with the rise of Bitcoin, Crypto, and Decentralization.

_{Pixabay: Blockchain Technology}

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I will drop in what I discovered which I feel can help in investing and also knowledge about cryptocurrency but again it is just a prediction and as we all know, predictions are very easy to be wrong likewise very hard to be right.

Let's Get Started!

It is certain that we see Bitcoin and Cryptocurrency in general as the bubble that burst and people will always be out or in which makes the price of crypto crash badly. The crashing is the belief of all crypto lovers on this fact of cryptocurrencies is like the bubble that will pop. This is a valid point but again it is not the end of the story but rather the beginning of cryptocurrency.
As the Bitcoin network celebrates 10 years, and for so many things that have happened, it revealed that there is so much potential in cryptocurrency and the future of decentralized system just begins and we are very close to the future. It is certain that bubble will pop but I feel 80-90 percent of tokens will fail. What do you think?
It is the pop that will lead to the working idea we are expecting....... I am still thinking about this anyway.
Can you flashback to the days of the Internet bubble, when it happened there are many marquee companies stock that crashed to like 80 to 85 percent but they survived and Goggle, and Amazon became a dominating bubble in the world of internet and I sense something like this is going to happen to cryptocurrency soonest. What I believe in is innovations and any projects that make it through as far the internet bubble is concerned will become Facebook, Google, and Amazon of tomorrow. Innovation is the key. Maybe there will be liquid democracies, just bring in something that not even exist in this world.

It Seems Like Cryptocurrencies Governed By Government Will Flourish!

Yes! many of us will not like this one but its reality. When you consider USD, it is very hard for the government to look and lose grip on the supply of money without making a vicious fight. Are you planning to launch a project, then you need to focus on decentralized cryptos and ready to design system to protect it. On every crypto released, there will be fight by the government but in a long run government will lose the battle, this is based on the numbers of the financial crises strike.

As we continue in the race of adopting cryptocurrency, it wouldn't be a surprising thing to see very strong government cryptocurrencies emerge and dominate the flow of money for people around the world. Its cleared that average person in this world has zero understanding of just anything that actually matters and they absolutely don't see a need for privacy and security until it’s physically ripped away from them under extreme circumstances like a war. Imagine soldiers invade your house and take everything you own suddenly the need for privacy becomes very real to you.

When government crypto is in, people will adopt it without thinking otherwise. Imagine if Bitcoin is government crypto adoption will be easy just because everyone will believe it is the right thing. Embracing government crypto may last for sometimes but it will fail due to the fact that the purpose of blockchain is to distribute power across a system. Did the government ready to lose there position? Of course no! This is where their project will start failing. The decentralized system did not give room for a group of people or organization to control the system rather the system itself control the operation and give everyone within the system same access. Can you imagine ten banks claiming one blockchain, that's a database. Until there is a system that allows customers, regulators, shareholders, and banks itself have access to the keys of such blockchain at the same time and can also go against each other's power, that is when we have true blockchain. blockchain gives the same power to everyone within the system. This is what I called Check And Balancing!
Based on the experience and news about government operation in a finance setting, government cryptocurrency will not give run for check and balancing, this will result in another complete corruption idea. Whether we see it that way or not, they will still do it. Watch out!
Their project will focus on giving themselves more power to track every single citizen's spending with impunity and automatically collect taxes from sales of goods and service, then the importance of blockchain is lost because the power can never be distributed. If you don't know why authoritarian government forcing on building official state crypto this is one of the reason.

Three Major Excuses Government Will Always Related To The World
I have searched and search to see that every government is always focused on three points, I called excuses to compare masses in any of there engagement.

• The system/project will focus on stopping crime
• The system/project will focus on stopping money laundering
• The system//project will focus on stopping terrorists

As a citizen, if you hear all this won't you buy the idea? Listen, the money or paycheck on Amazon, rent, and groceries do they have anything to do with the three excuses above? But almost half of the citizen population will enter into the system just because they believe government more than an entrepreneur with a clear mind.

How long do we wait before embracing Bitcoin and Its Technology(Blockchain)? There is a tsunami coming and it will be very bad to see many drown inside just because of lack of knowledge about the existence of Bitcoin and Its Technology. It's high time for we crypto lovers to spread the news of this technology for mass adoption, let them embrace the current system with blockchain because I am certain there is still more thing to blockchain technology.

What Do You Think On Bitcoin, Cryptocurrency, And Decentralized System? There are still more things to talk about!