Global Transition to Cryptocurrencies update - Crypto Revolution

in cryptocurrencies •  last year  (edited)

Global Transition to Cryptocurrencies update - Crypto Revolution

For this announcement on LeRoy's Blog, visit Global Transition to Cryptocurrencies update - Crypto Revolution on LeRoy's site blog
 
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Global Transition to Cryptocurrencies update - Crypto Revolution

Global Transition to Cryptocurrencies update - Crypto Revolution

Cryptocurrencies are replacing fiat currencies. The global transition to cryptocurrencies from fiat currencies as the primary means of financial exchange will progress over the next few years.

I recently resteemed two videos from Bitcoin Ben. On 12 Apr, I resteemed "Bitcoin Ben | Charlie Lee is the Sam Walton of #crypto." On 15 Apr, I resteemed “Bitcoin Ben | Do you see what Coinbase is building?”

In this article, I will organize some of the content in those videos and add some of my own ideas.
This is part 2 of 4.

2
Crypto Revolution

As the crypto networks progressively account for a larger and larger portion of global financial exchange, cryptocurrencies will become more commonplace for each individual, the market capitalization will increase, funds will transition into the crypto economy, individuals will have access to crytocurrency accumulation, individuals will accumulate cryptocurrencies, individuals will use cryptocurrencies as currency, individuals will use tokens to engage in everyday activities, etc. What does all of this mean?

This all means that the crypto environment now allows average person to invest in expanding technology without a brokerage account with an intermediate accredited investor. Indeed, cryptos offer an avenue to allow the labor sector to accumulate wealth more quickly than the financial sector. This can spark a revolution that can change the world.

I postulate that we might be in the middle of a revolution, perhaps one of the greatest revolutions in human history. For the skeptics who might claim that we would all surely know if we were participating in the middle of a revolution, I’ll ask you to ponder history. If you were in a British colony in 1775 and asked a fellow colonist if you were in the middle of a revolution, he would probably say that there were no signs of revolution and reaffirm that he is living in a British colony in similar conditions to what had persisted for the previous hundred years with no apparent reason why the following year should be any different from the prior 100.

So, here is a basic dynamic of the unfolding revolution. The labor sector experiments in the cryptospace, purchasing small amounts of cryptocurrencies. As the labor sector accumulates wealth, supply and demand will dictate that wages will increase because laborers will become less willing to work for slave wages. As the population begins to regcognize that the power of decentralization is coming. the masses will embrace decentralization.

 
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