Greetings today back in the great cryptocurrency academy of the world #SteemitCryptoAcademy we are going to talk about the most important aspects decentralization and centralization in that it suits us what negative effects it has and if it is positive or negative the appearance of cryptocurrencies in the world what it is for and why they should stay and be the currency of the future welcome once again to @laser145 homework thanks to all who today make possible this great cryptocurrency course.

- 1. What is the fundamental difference between cryptocurrencies and the conventional financial system?

The fundamental differences of cryptocurrencies:

It is a decentralized system where the entire ecosystem is interconnected by nodes use the Blockchain system to interact in the ecosystem, we must understand that cryptocurrencies exist both centralized and decentralized an example ripidio of centralized currencies USDT which is based its capital in money that is in a secure vault audited by several companies of this size worldwide and the decentralized Ether BTC, ADA,TRX ETC, or BTC . Taking into account these factors cryptocurrencies have guaranteed an innovative future for all investors either to improve the transactions of large or small capitals without wasting your time because your money is at your disposal 24 hours a day, 7 days a week and you can move them when you want and how you want, you are the only owner of what happens within this ecosystem.

The fundamental differences of the centralized ones:

They are only based on a capital asset currently gold, silver or the great souvenirs of the country are Fiat currencies made of paper with a unique code and registration are totally fungible these can be exchanged with each other without losing its nominal value its trace is lost of sight and is fully backed by the mint of a country. So this money is only redeemable in that country if you want to make international transfers you will have to pay a very high tax and it would take about 3 Aviles days in the best case to make the final transaction after an infinite amount of paperwork that you will have to fill out, put fingerprints and give all your identity documents which does not happen in decentralized cryptocurrencies.

We must have something clear in the decentralized digital cryptocurrencies are handled both good and bad money should not rule out this type of fluids in terms of the high rates of demand that currently exist in the world so that several countries have banned cryptocurrencies leveraging this objective named above also because they do not like that the BTC is valuable in that particular centralized government and financial institutions.

Why is a decentralized system needed?

As you rightly say the centralized systems in brought with them an endless worldwide dominance over the finances of others so it generates greed of these financial or governmental entities despite these features we are clear that we must let go and we need now more than ever a global decentralized system to be able to manage our finances with more freedom when we want and where we are with the p2p system is a very innovative at least for people who want to travel from one country to another with this system we can leave our money quiet in our wallets knowing that we can use them in any country where we are in the world.

For this and many other reasons we must be open-minded and allow cryptocurrencies to pass through, especially the bureaucrats of the countries to end centralization or give way to the freedom of decentralization, in which case we will be respecting the free will of the communities.

What affects the value of cryptocurrencies?

The value of cryptocurrencies affect the digital ecosystem and large investors are now at this time investing by buying BTC, ETH, tokens such as DOGE, SHIB. NFT non fungible tokens are buying everything because they know that this is the economy of the future can greatly affect the centralized financial institutions such as banks, lenders and centralized organizations of a country in short the great value of cryptocurrencies affect the acceptance of a stable currency, that daily is devalued and more and more coins need to be taken out as in the case of my country Venezuela where day by day my currency is subjected to constant returns on the dollar to the point that everything is bought with dollars in my country.

So if I see that the currency of a country as in my case the BSS which is the currency of my country Venezuela is devalued but looking at the cryptocurrency as the BTC I see that continues to rise and rise maybe have a correction as we are looking today but still maintains a certain value over all the world why should not then invest in it to take advantage.

Ultimately the value of cryptocurrencies affect the large centralized entities currently speaking also eliminating the bureaucracy of governments and creating a free will in society or BTC investors each time is more and more so I doubt that the BTC fall.

Why can't everyone be a miner?

Excellent question Not everyone can be a miner for the simple reason that the equipment first of all is too expensive you need to learn more than the basics of cryptoassets you have to know how to manage the capital you need time and space to place the farms while mines are producing new blocks as more blocks are created the difficulty grows as the difficulty grows the equipment becomes obsolete and you have to buy new equipment to mine so it makes something very expensive this mining process, Many experts currently have large farms of thousands and millions of equipment more than everything in the United States and China these have the latest technology devices in the world to proceed to mine in addition to some have large dams to produce their own electricity.

So many are Holder other trading other miners other investors of millions of dollars all together it creates an ecosystem where there are many working together is like saying why all humans can not be doctors, then where would be the engineers? accountants? farmers? producers. that's what I mean happens the same with cryptocurrency and everything we see in the digital and real world.

Why can cryptocurrency transactions be considered more transparent?

All transactions must go through a verification and acceptance process before they are sent. all transactions are stored in the blockchain and we can see them one after the other where they go. Cryptocurrencies are also more transparent because they are decentralized, you can use them whenever you want and wherever you want without intermediaries compared to fiat currencies whose intermediaries are financial institutions such as banks or other agencies that charge commissions to make a transfer and work from one schedule to another. Cryptocurrencies on the other hand do not need identity documents or any kind of requirement to send and receive the tokens or coins that go from one place to another very quickly and economically compared to other systems.

Explain how cryptocurrency developed in your country

In my country several years ago mining BTC was something very normal but then as the years passed and the bureaucratic tendencies of national dominance and making the people poorer every day in my country Venezuela constitutional laws were implemented where it was forbidden to mine without a special permit that had to pay the government a tax plus international electric energy. in this sense many people tried to do it in the parallel market but this did not work because they were put in jail every time they were found.

In 2018 the first digital cryptocurrency called PETRO was created and its backing is oil according to the hydrocarbon law article 9 where they indicate that the minerals still adjacent in the earth would be the sole property of the state which can be extracted and traded internationally in article 302 of the national constitution very clearly states article 8 chapter 2.

As far as I understand and in my case I have 0.5 petro units in a wallet but I have not been able to get them since they were granted I do not understand this system they let you exchange for BTC and other cryptocurrency but they do not let you change the petros to btc then it is something like privatized where there are monopolies disguised to sell the petros and thus safeguard the price at which this is as if it were a facade.

Conclusion

I am glad to have participated in this spectacular task where we talk about the cryptocurrencies parts of them what they are for and what they are useful for I agree that in many countries cryptocurrencies are privatized but this does not mean that you can not trade or work with them remember that cryptocurrencies are decentralized and are here to place for financial freedom. financial freedom is advancing more and more every day what the countries want nowadays will not be able to sustain it because the society will grow exponentially and it will reach a point where they will not be able to sustain and it will explode this is my opinion my conclusion and the supposed future that I imagine will happen thank you all very much a big greetings to the professor students of this spectacular academy.

Thank You

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@steemitblog
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by @laser145