Crypto Series #1: How we will make the predominant banking and money system obsolete and kick the elites in their asses.
Hello steemians! This is my second post about Bitcoin/Crypto on steemit.com. I want to share some thoughts about this topic. I strongly believe, that blockchain technology is the future and will kick these elites in their asses!
First, check out this chart:
IMAGE SOURCE: dshort.com, DATA SOURCE: Bureau of Labor Statistics
This chart makes it clear, how far the money printing game of the FED has gone! That's almost 100% of inflation. The same thing with other fiat currencies like euro, yen, gbp and many others, almost all of them!
When we look at bitcoin, it has a fixed volume of 21 millions of it. That means there is no money printing! But some of you might think: "wait, we are 8 billion people on earth, but there will be only 21 million bitcoins?!"
IMAGE SOURCE: www.cryptoconsultant.com
I can say to you, that this is no problem at all, because bitcoin is dividable into 0,000000001 or even more i think. So, no big deal!
That means for you: If the market cap of bitcoin is getting bigger, you will earn a ton of money. Even we are just in the beginning of it. The actual market cap of bitcoin and every other cryptocurrency, is tiny, when they are compared to fiat. So i think there will be a lot of growth in the crypto-world.
The second thing you should consider is: with bitcoin, you don't need any financial institution anymore, because you are the bank! If the government wants some taxes, they have to ask you, but they may not enforce it, because they can't! Obama said this too, check this short clip out:
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The third thought i'd have is: because there are no centralized and third-parties involved, nobody and nothing is able to freeze, lock, or cancle your account (for example a btc wallet). It's like you're a bank without regulations!
The fourth one is: Transactions are cheap and fast if you compare it to the traditional banking system. It's even possible to transact at midnight, or on Sundays.
The fifth and last one for this part "#1 of my Crypto Series" is: It is possible to use bitcoin very safe and anonymously. With fiat, this is almost impossible!
IMAGE SOURCE: unknown, it's anonymous :-D
The lesson is clear: If a lot of people start investing in bitcoin and any other cryptocurrencies, or just use them for regular payments and transactions, the predominant system will be screwed instantly! But be aware of: We don't want and accept centralized blockchain currencies and services that are controlled by a bank or government. Because that would be the dream of the NWO, a centralized, worldwide, digital currency.
Crypto will be the future:
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VIDEO SOURCE: Youtube/ Joey Zervoulakos
I hope that this article was helpful for you. Feel free to upvote, follow, and resteem if you liked it.
yours, martin.the.chef
I actually used that obama quote in a track of mine.
Good article, chef! That USD graph is sickening.
Any idea why the value rose from 1870 to 1895?
My guess would be gold and silver rushes taking place around the county. The whole nation had the gold and silver bug. Check out this post, many of the pictures were taken from that period in Alaska during the gold rush. https://steemit.com/dogs/@teaandkisses/historic-alaska-circa-1880s-1900
Interesting. Thought about getting some of that shiny metal, soon. Thanks for the link.
Btw: Glad we are living in a time where mining can be done at home while relaxing on your couch or doing some hiking outside.
thank you, nope i don't, do you? Wich value do you mean?
Nah, I don't know. Was talking about the actual purchase-power increase of the USD at that time. It almost doubled!
We were only a gold and silver backed money I think back then... I know we had money grow in power during such times.
thought that too, maybe it was the gold standard, and 1913 Federal Reserve Act....
Nice post! Thanks. Please follow me: @martinst
ok thanks i gonna check your profile