Why Bitcoin ?

in #bitcoin8 years ago

bitcoin-e1466596991401.jpg

Firstly, the question is what is "money" and what is the "currency"?

Money is a tool for "changing goods"! In old times, the change was made with products. For example: Bread with meat. If a person possesses a quantity of meat and requires bread, then he / she needs another person who has bread and requires meat. In this way, the goods were changed where the goods were the change value that had a smaller or larger value in relation to the goods they were looking for in exchange.

For this reason, a "general changeover" tool was discovered, which we call "money". Money was thus created as a means of exchange, where its value depended entirely on the acceptance of users.
Money is a tool that can be used for change, for payment, for calculation, and at the same time possesses the positive side effect that you can keep it longer. Bread has its own value on the day it is produced, but it loses its value on the following day. While money can be saved for a moment later when you need it and you can use it to cover that demand. Money is therefore required to cover "demand". Money is required, borrowed and has a value. Money has a natural value, a self-worth.

Currency is not money. Currency is a regulated state monetary system that is in place by the state itself to regulate state monetary policies. The Federal Reserve System (FED) has a control and oversight of a currency.
There are more than 150 different currencies in the world. World currency counts account for Euro and Dollar.
There must be confidence in order to function properly and to use the money system properly. But when trust in that money does not exist, when there is internal and external manipulation in its value, when it is produced uncontrollably, then the value changes unnaturally. Money in circulation, in optimal conditions, was to show a balance between the workforce, the existing goods and the added value of the market in which it was distributed.

These "unnatural" impacts are the cause of world crises. The so-called "foreign currency reforms" reforms are also a part of the bad, because the state still affects the value of money and not the supply and demand, not the free market.
In this way, again banks issue loans uncontrollably, the state produces money illegally to fill the budget holes created. This is how the future stream that once turned into a financial crisis is created. It is used for non-possessed money, for things that do not exist, to cover debts and lazy loans, and to create new banks (BAD BANKS) that are buying those debts for the bank to have a good insight Balance at the end of the year.

The latest world crisis in 2008 was the revolutionary starting point when the population lost confidence in the current banking and financial system.
A year later the crisis began to blossom the solution that could protect us from this captured and controlled state and bank (unnatural) system.

Bitcoin is the first decentralized currency in the world.

In 2008, Bitcoin was discovered, briefly "BTC" as a result of the global financial crisis.
The purpose of this discovery was that no state would have the power to manipulate the monetary system so that no bank would have the opportunity to control every step of our finances, so that we do not have to trust our money to a bank .
This finding was necessary not only to save the control, influence and manipulation of states over the money-buying power but also to enable 4 Billion people in the world who had so far no access to banking systems to have a chance how to possess, earn, and send money.
An African can send it in front of a Canadian within seconds and at the same time save, as it does not pay currency exchange from its currency in the partner currency. Also, you do not pay extraordinary amounts for sending money from one country to another.

Bitcoin is a digital currency created by the people, developed by the people and its value is based 100% of the offer and demand.
These days it has become a lot of Mainstream for Bitcoin and Blockchain Technology behind this innovation. Therefore the demand for Bitcoin is growing above.
Although there is a great development in these years and especially in these last months, again we can say that Bitcoin is still at the beginning of the financial revolution.

Time will tell the direction ... but in my opinion is just a long-term direction for digital currencies

Sort:  

For me the problem with cryptos is these two: privacy and secure storage.

Nice information thank you so much.

Nice post.
Follow and upvote @saurabhgupta !
I will do the same

This post has been ranked within the top 80 most undervalued posts in the second half of Jun 07. We estimate that this post is undervalued by $22.78 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jun 07 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Coin Marketplace

STEEM 0.22
TRX 0.24
JST 0.038
BTC 94692.02
ETH 3236.92
USDT 1.00
SBD 3.29