[FACTS] Why cryptocurrency is better than classic fiat currency
Every crypto enthusiast knows from cryptocurrency are better than fiat money. Let us say why this is so?
1. Paying with crypto increases the popularity of the coin by expanding the group of publishers
The more owners it is, the more awareness of the coin and its characteristics. Using coins builds a community - and can actually help raise prices, or at least give the coin real value. Imagine a coin that never came to the stock market and can never do it. From the beginning, this coin will be used by miners and early owners to pay for food, drinks or other items. This helps the coin to survive in the first years and becomes visible enough for the stock to be interested in it.
2. Paying with crypto tests the network
For some coins and Bitcoin in particular, the network load has two modes: either blank blocks or fall during days when there is a large increase in transactions. Most transactions are from exchanges. Coin mining could call into question the performance of the network in terms of day-to-day transactions. Even if the project promises thousands of transactions per second in the test mode, the actual transaction confirming instant purchase is a much better indicator.
3. Coin change improves technology
Payment systems and altcoin add-ons are on the rise after many sites have removed Bitcoin's payment options. Now there is a growing ecosystem that includes many other digital assets. User friendliness is extremely important and with a larger number of spending cryptos can grow. Card payment options had stress tests a couple of weeks ago in which a VISA broker was denied services, but we can expect improvement on this form of payment.
4.Paying with crypto creates a crypto economy
There are many peer-to-peer payment systems. There are many coins that have specific features. Editorial, technology services, or even freelance, education and online content or gamble - all of them can grow and offer value if they are connected by users who keep the flow of coins.
5. You will get real value by spending the coin
I do not want to confuse you: even if the coin gets on the stock market at a dizzying price level, it hardly means that your cryptocurrencies hide some wealth. There is no guarantee that we always have buyers available. So paying cryptocurrency is actually a way to convert the value of coins to something that is immediately needed or useful.
Buying a laptop, paying for a worker's work or purchasing in a game transforms the static value of the coin into instant power injected into the system. And while it may be wise to have hidden coins in the case of certainty and some to trade, having a purse, the use of fiat currency can also be a good idea.
Here you can look at the comparison between gold, fiat money and cryptocurrency
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Totaly true....the only thing i would put Secure at Moderate. Likes and followed 😎
You're right. Security isn't very good. Thanks for the comment ✌️