Fully Enjoy This Moment!

in joy •  last year

We're all trying to come up with the most enjoyable thoughts and actions possible, all the time, that's what life is about.

Steeming has clearly played an important role in helping me coming up with some of my most satisfying thoughts and actions over the past year. I really look forward to steeming it up even higher!

And as I've already said: "Maximizing my life's enjoyment while seeking to put an end to unnecessary violence, is the single most fundamental precept guiding my life."

Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment.

(Audio: Normal, Fast)

Routing For Peaceful Resolutions Of Human Conflits

Governments Are Today's Most Violent Institutions

I see cryptocurrencies as being one of the main factor leading to government demises in favor of something better. What are cryptocurrencies is explain below.

Witnessing cryptocurrncies growing threat to governments hegemony and having personally benefiting from the redistribution of power they generated, has been one of the most satisfying experience of my life.

Helping to advance cryptocurrencies usefulness and adoption is in perfect alignment with my most profound desires and are the underling goals of this post.

Governments, Money & Individuals

Governments preferably work to persuade those they want to influence, rather than trying to coerce them into submission. Governments, just like individuals use money to this effect.

Money in the largest sense of the term is anything that has value. Thus because everything has value, even thoughts have value, everything can be considered money.

National Currencies & Governments

Fiat-money, also known as national currencies are governments favorite type of money. They are created at a negligible cost, and can be used to buy anything of value. Governments are the only institutions allowed to create millions and even trillions of dollars out of practically nothing.

These money are legal tender, meaning they cannot be refused as a method of payment, ultimately granting governments the power to buy everything they want.

To be exact governments aren't exactly those creating most money in the world today. (See "National Currencies Creation" for further clarification.)

National Currencies Are Backed By Violence

Violence is fundamentally what makes all this possible or as the Nobel Prize winner of economy Paul Krugman puts it: "Fiat-money is backed by man with guns."

Anyone requesting to be paid in something of more tangible value like food or precious metals, will have to face being chased by armed individuals persuaded they better be making those peaceful people comply to those unfair laws.

National Currencies Creation

In a desire to keep things simple I've omitted making a distinction between the governments who have delegated their power to create money and those who have received those powers. I've discussed money creation in more details in my previous post: "United We Stand!"

Cryptocurrencies: All-Time Best Investments

Priceless Knowledge

Bitcoin and a few other cryptocurrencies are the best monetary investments of all-time. Bitcoin is the first cryptocurrency invented and was release on January 2009.

The total market cap of all cryptocurrencies currently stand at $138B. It ranks them as the company with the 52th biggest market cap and in the 50th place between Argentina and Colombia when compare to the M3 of the biggest countries. [source: 1, 2]

Growing Investments

The sums of money being invested in cryptocurrencies has been growing at an accelarating rate over the past years. My post: "The Real Value Of Everything!" has more details on all of this.

At this rate, cryptocurrencies would surpass Apple's market cap of $815B in under a year and become part of the G20, ranking as the 18th biggest economy. In less than 2 years, cryptocurrencies would rank as the third biggest economy, right under China and the USA and 1 year later, they would then represent $120T. [source]

Knowledge Is Power


Cryptocurrencies are currently taking powers away from governments and redistributing them to individuals at an unmatched rate. Learning why, what are the present and future repercussions and how to profit from them are of the upmost benefits to one's life.

To rapidly sum up some of this, investing 10$ into Bitcoin in July 2010 when it was worth around 50 cents would be worth around 86,000$ today.

Cryptocurrencies Current Trends Will Continue

The Rational

The current trends are most probably back by sound monetary rational. Fiat-money creation benefits some unknown man with guns with unknown intentions, aka governments and their delegates, while everyone else have incentives to protect themselves and thus their wealth from those same governements and cryptocurrencies are currently providing the best solution in term of securing the majority of people's wealth.

Thus unless a black swan event happens, the current upward trends will continue.

Fiat-Money Benefits Some Special Interests

Fiat-money profits some, at the expense of everyone else because fiat-money is constantly being created at a negligeable cost, then allocated by The Federal Reserve throught different schemes like fractional reserve banking and quantitative easing, increasing the monetary supply thus making everyone else suffer from a decreasing purchasing power of their dollars.

Every national currencies are inflationary which translate in all of them losing some purchasing power over time. (The US Dollar's purchasing power is less than 5% what it was in 1913. - Fed)

Bitcoin Benefits Everyone Fairly

Creating new Bitcoin isn't done and cannot be done at a negligible cost and in fact, has been constantly increasing since is inception. The creation of new Bitcoin fairly empowers everyone who mine and hold them at the expense of governments which every Earthling is seeking to protect itself from.

Every Bitcoin holders and miners are subject to the same price fluctuations. Late adopters didn't faced the same risks as ealier adopters, thus the reasons their overall rewards aren't equal. Nonetheless rewards have been proportional to the risks and thus must be consider fair.

Cryptocurrencies' Growing Feedback Loops

Realizing Cryptocurrencies Fundamental Advantages

As a growing number of people realizing the fundamental advantages cryptocurrencies hold, a growing number of people are rushing out to buy cryptocurrencies leading to multiple positive feedback loops, among them the acceleration of the devaluation of the different national currencies, a growing incentive to understand cryptocurrencies and money at large and improve on them.

After realizing all of this myself, I've personally maxed out my credit card to buy some Bitcoin at some point and I've heard multiple people doing the same, taking loans or selling their house for the same reasons. I want to point out that this isn't a risk free thing, nothing is.

Cryptocurrencies Are Unstoppable!

Cryptocurrencies are definitely taking away one of governments most fundamental power without which they might not be able to survive, thus they might try to ban them at some point. A country or group of countries unilaterally banning cryptocurrencies risk being left behind without much chance of success at stopping them.

As a rule of thumb, cryptocurrencies will first pose greater challenges to the governments with the smallest guns, aka the smaller governments/economies.

When in desperate situations, governments just like individuals might attempt desperate measures. Ultimately cryptocurrencies take away from government to the benefit of everyone.

Cryptocurrencies' Greatest Assets!

When Paul Krugman said "Money is backed by man with guns." he immediatly followed suit with: "Bitcoin is not, so why would this thing have any value." [source]

Well, the logic is pretty simple. Bitcoin allows to store wealth and transact it all the while protecting its owners from being subject to the devaluation all fiat-money goes throught because of the inflationary policies observed by governments worldwide.

To top this off, Bitcoin and cryptocurrencies are helping in the creation of the much needed environments where those man with guns/governments could possibly be done away with once and for all. Anything helping doing away with violent governments have obviously great value.

Bitcoin

Bitcoin Primer

Bitcoin's Introduction Video

Bitcoin's Basics

"Bitcoin is a worldwide cryptocurrency and digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009."

"The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency." [wikipedia]

Bitcoin's Creation

Bitcoin was launched on January 3rd 2009 with the creation of what is called the genesis block. Prior to the genesis block, 0 Bitcoin existed. The genesis block created 50 Bitcoin.

The word Bitcoin first occurred in the white paper that defined Bitcoin published on 31 October 2008.

Bitcoin Blockchain

Every 10 minutes or so, since the genesis block of Bitcoin, a new block is mined or created and with it new Bitcoin are created. Taken together in the chronological order they were created, these blocks are referred to as the Bitcoin blockchain.

The current Bitcoin blockchain size is roughly 129GB. [souce]

Bitcoin Mining Video

Understanding Bitcoin Mining

The Bitcoin created with every new block are referred as mining rewards. Bitcoin miners receive newly created Bitcoin proportional to the computing power they provide. The computational power is referred to as the hashrate.

It's a bit more complex than straight forward proportional.

Mining is a record-keeping service. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. [wikipedia]

Bitcoin Mining Difficulty

If the computational power of the Bitcoin network was for example, 6 billion gigahash/s and blocks were found on average every 5 minutes instead of the supposed 10 minutes, then after 2016 blocks after the previous difficulty re-target, the difficulty would be double, resulting in subsequent blocks being found on average every 10 minutes. [Precision: bitcoin.it]

Every 2016 blocks (approximately 14 days at roughly 10 min per block), the difficulty target is adjusted based on the network's recent performance, with the aim of keeping the average time between new blocks at ten minutes. [wikipedia]

Bitcoin Price

Bitcoin Emission Rate

The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years. The result is that the number of bitcoins in existence is not expected to exceed 21 million. [bitcoin.it]

Projected Bitcoins Emission Rate

Bitcoin Mining Rising Costs

The advantages Bitcoin has over national currencies and the mining incentives it provides make it so that the competition to mine Bitcoin is growing. The rising Bitcoin mining difficulty and decreasing emission rate make the costs of mining Bitcoins to go up and because no one ever want to sell their product at a lost, the value of Bitcoin is going up.

Notice here, I didn't wrote the price of Bitcoin are going up, even though they are, I said the value of Bitcoin is, which is the perceived value people are willing to attribute to Bitcoin in relation to everything else they attribute value to.

Double Spending Attack

I thought important to add this part about double spending attack because it help to understand some fundamental aspects of Bitcoin.

Majority attack, also referred to as a 51% attack or >50% attack can happen if an attacker controls more than half of the network hashrate.

Someone controlling more than 50% of the hashrate, can trick the Bitcoin network by "spending the same Bitcoins more than once". This is a bit of an over simplification.

This attack has a 100% rate of success for someone controlling more than half of the network hashrate but can also sometime succeed if someone control less than 50%. (Click on the link below for further information.)

Since the attacker can generate blocks faster than the rest of the network, he can simply persevere with his private fork [longer blockchain] until it becomes longer than the branch built by the honest network, from whatever disadvantage.

A miner with more than 50% hash power is incentivized to reduce their mining power and reframe from attacking in order for their mining equipment and bitcoin income to retain it's value. [source]

Bitcoin Advantages Over National Currencies

Currrency Face Off!


Though the current cryptocurrency trends have an upper limit, they will continue their growth and help us to create a better, more enjoyable world.

I will repeat my simple comparison from my previous post which help understand why cryptocurrencies are shifting power away from central authorities and how this is greatly benefiting everyone.

I want to add, cryptocurrencies cost less to transact than fiat-currencies. They can also be used as contracts, smart contracts, systems of tracking and much more.

Cryptocurrencies also take away from governments' powers which as I previously said are today's most violent institutions. These governments use violence following arbitrary decisions made mostly by unknown man behind closed doors leaving no one safe.

National Currencies

  • The cost of creating new money is negligible.
  • The future creation rate is unknown and decided by a small group.
  • They can be counter-fitted.
  • Nobody knows exactly how much money there is.
  • Benefit those who benefit from the growing money supply, at the expense of everyone else. (It's that simple.)

Bitcoin

  • The cost of creating Bitcoin is non-negligible.
  • The exact future creation rate is known.
  • They can't be counter-fitted.
  • Everyone can know exactly how much Bitcoin has been created.
  • Benefit everyone fairly.

Further Comparison

  • US Dollars' purchasing power has gone down 11% in the last 7 years
  • Bitcoin purchasing power has gone up 799,900% in the last 7 years

Understanding The Crypto Revolution

The Crypto Rush!

Everything stated above should make the reasoning behind the below quote more oblivious. The implications of what it state are profound as this post already discussed.

"Hardware miners capable of mining cryptocurrencies have become the most profitable commodities as well as the cryptoccurrencies themselves."

Cryptocurrencies Are Self Improving

The above quote was followed by:

"Cryptocurrencies based on other mining process than POW, like those based on DPOS such as Bitshares, Steem and EOS could very soon change that, meaning those process could become more profitable."

Understanding DPOS

The article below is possibly the easiest guide to understand DPOS' basics, delegated proof of stake. I don't necessarily think DPOS can become more profitable than POW, proof-of-work but DPOS clearly allow for many advantages and useful features POW cryptocurrencies will never be able to provide. DPOS is very revolutionary and is a big plus for the cryptocurrency space.

Some Advantages DPOS Has Over POW

I don't think DPOS systems are ultimately superior to POW systems or vice versa. Both systems complement each other nicely. Though it needs to be said, DPOS are less energy intense per transactions than any POW coin at this moment and in that sense are superior which in the end will most probably play in their favor.

Understanding EOS:

Dan Larimer's interview listed below is by far the most awesome thing I've seen on EOS. Dan Larimer is Steem and EOS main inventor.

Working Toward Peaceful Cooperation Against Tyranny

Cryptocurrencies Are Our Peaceful Way Out


Putting an end to governments' tyranny should be on everyone's agenda or they'll eventually end up being pray to it themselves or their descendant will.

Cryptocurrencies are putting a dent into governments' tyrannical powers all the while making the whole endeavor very profitable for those who use them.

The risks associated with their use are a good proposition value for most in comparison to not using them and risking missing on their future price performance.

Creating Positive Change

Creating positive change rarely comes from rebutting every falsehood ever uttered or written but rather it comes from empowering those who are ready to be empowered.

Let's all work together in concerted effort constantly seeking to better ourselves and environment.

Acknowledging The Plight Of The Less Fortunate


I'm grateful for everything I have and once more hold dear to acknowledge the plight of the least fortunate, those facing injustices and anyone going through some hardships whatever those are.

I humbly accept I cannot change everything all at once and I look forward to improve my ways of life and spreading joy far and wide as much as possible, knowing full well no one is immune to lose everything at any moment.

Using Steem As An Educational Tool


To solves humanity's biggest challenges will necessitate more than just a couple good posts. We'll need a global enlightenment which can only take off influence by each of our actions.

No matter how insignificant Steem might currently seems, raking only a couple thousands views for top trending posts, we are nonetheless giving birth to a matrix of intricate knowledge and human relationship of unprecedent nature.

In the end, each of our actions duly matter, even on a global scale.

Useful Cryptocurrency Links

Cryptocurrencies

Bitcoin Charts

Bitcoin Video

Bitcoin Mining Farm Video

Steemit's Popularity Is Still Skyrocketing!

Steem is a cryptocurrency. It allows for new feature Bitcoin and other cryptocurrencies don't have. Click here to learn more.

Steemit.com, which give access to the Steem Blockchain, is still quite small but its popularity is rocketing at a very impressive rate!

Share the fun by inviting your friends!

Approving My Witness!

Witness #53

I'm still a couple of thousands minnow votes away from reaching the top 50 witnesses or 1-2 whales votes.

Would you consider voting for my witness to help us Steeming the world we all long for? https://steemit.com/~witnesses

Thank you for reading and for commenting! I read all comments!

Fun Quote

"Right now I’m having amnesia and déjà vu at the same time. I think I’ve forgotten this before." - Steven Wright

Good To Know

I use Markdown Pad (free version) to create my posts and I recommend it to everyone.

How to align pictures.

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Not the private messages but in the chat rooms. These are some of the best places to makes some Steem friends.

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What timing.
I spent the evening trying to explain all this to a friend who says Im the only person he knows who ever mentions Cryptos or blockchain or content curation rewards sites or any of the things you've mentioned. Then I come accrost this with way better and more indepth explanation than I could ever provide.
I messaged him the link.
I believe you have successfully convinced the first of any people I know, finally to come and play with me.
Thank you.
And, I love the links inside and after the article.
That should keep us both busy awhile.
Im pretty sure I will keep using this article to send to people after attempting to explain all this and trying to convince friends to come and play with us.
At this point Im starting to feel like a crazy person ranting on and on for years about things that nobody has ever heard of or come accrost.
Thanks for the in-depth explanation and great article.

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Are there any other sites like Steemit?

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Good question @imransoudagar

I am not aware of any other currently operating websites and blockchains like Steemit. It would be good to know if there's anything else out there. I haven't been able to find anything close to it, from the research I've done.

Akasha is an Etherium based social network, but I don't think it's fully functional yet (please someone correct me if I'm wrong).

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I guess Akasha is not fully functional.

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I checked Akasha, it is available as a desktop app. There are just a few users, let's see how it turns out to be.

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Synereo is running a site called Wildspark to curate Youtube videos, but its really poorly set up. They have you share links to the youtube video to Facebook and a couple other places you can choose, But the links show up like a Wildspark add instead of a video link and nobody clicks on them.
They say that the video creators can contact them to claim their rewards if people choose to Amp their videos.
I didnt think much of it. It will take a lot of work yet if they want to make something out of it.
But you get 10 free coins to start.

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Looks like there's Steemit and Golos, I checked Akasha too but it is a desktop app and I do not think people will like it.

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Thanks. I'll check em out. I like using the desktop better, but just don't get to as often.

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I wrote this post for this exact reason. I look forward to pass it to some of my friends myself.

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Great write up and makes it easier to explain it to friends and family. From now on anyone who wants to discuss it with me needs to read this first.

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Good stuff thanks a lot!! will definitely share it with my friends , bet it will help them.

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Thanx ,very interesting

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I completely agree with you

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Hey! written compelling comment for vote....:)

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Great in depth article! I'm loving the crypto world!!

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I agree, the article has plenty of good arguments, but I have just one, tiny nitpick: Paul Krugman is hack of an economist and is very anti-cryptocurrency: https://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/

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if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party

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not gonna like, WAY TLDNR, but... I agree with you - they have to be the anti-government answer, but... who's to say they can't come in and take them all over? or if the Rothschilds just go in and buy them all.

(sorry if that's already in your post ^... but its time for bed and I figured i'd try to get a quick lazy answer lol.

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if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party

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Awesome brandylynne ! Bitcoin is growing daily

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if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party

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what dobyou guys think of iota...? seems promising to me ;)

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wonderful comment dear...keep steeming hot!

Dear friends, This is my post on recent flood and landslide in Nepal. Any kind of help is accepted, each n every penny from this post will be donated to the victims. Thank you
https://steemit.com/help/@applesspatrick/90-dead-in-nepal-after-heavy-rain-triggers-floods-and-landslides

It crazy really the fiat system as they never create the interest that needs to be paid back so a further loan is needed to pay back the borrowed amount.. all a scam imo and backed by what fresh air...
I Stack gold and silver due the physical value and it has been around as a storage of wealth for so long.. but how many peole actaully know it's real value.. the central banks do the goverment do but not many people do..
I do worry that the crypto currencies are just a way to the cashless society once they show you how good it is and everyone is on it they will say we don't need cash any more.. fiat maybe a bad system how it is now with the debt and it being based on debt. so i do worry if say there was no cash at all and how easy it would be to control and surpress the people and a certain view. Don't get me wrong it's a good thing but usually the powers that be turn everything in there favour and towards the agenda and not much happens unless they want it to.. great info by the way will resteem it so i can check it again tommorrow alot to digest..

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I've been wondering about that for awhile now. Who's really behind this. This is the first time I've come across anyone who's said it out loud. I do hope we're wrong, Probably not, But even if that is the case it's still best to get in and get comfortable early on.

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Dont worry its just an anonymous hacker not the CIA =-p

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So do i.. but i guess more and more people are making the move and a bit like stackers of gold and silver a lot of crypto believer's are of the same kind of view. problem is the deep state infiltrate and destroy every real threat..to there system or just buy out the tech.. so many ways to gain control. or they just kill off stuff that cannot be monetised. Thats bad for them..One to watch closely as goverment backed crypto's come online. as well..So many of us are so conditioned we do the work for them without knowing the true reasons behind it and if they did comeout and say this is what we want a cashless society straight of the bat which they have been shouting about more and more and this is the new system. we all be like no way but it happens slowly over time so no one notices till it's to late. but i guess all we can do is do what we do and is money to be made but from my view ethics over profit everytime. they don't think the same though so is like fighting a battle you cannot really win as they play both sides of a sword so who ever winsout they win and still have the control is crazyness.

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I agree the power that ought not to be usually try to turn out everything at their advantage. I share your opinion on the possibility you mentioned.

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That's the whole thing about the system it's all inter linked and they do have a habit of guiding the people into a direction.. be watching to see how it all pans out thats for sure..alot of people are blind and i think more and more people are starting to see what is going on globally at same time more and more are drawn to cyrpto's almost like the gold rush right now or a bank run as people are transfering to the new system. look at steemit what a great concept but the powers will think it's the wild west and is a big threat to the corporate machine.

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Isn’t the Fiat money backed by Gold?

I do not know about the US, but the Indian Rupee is backed by Gold.

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Indian Rupee is not backed by gold. It is a fiat currency, meaning it has no intrinsic value other than what is derived from government laws and regulations. As far as i know no currency is backed by gold anywhere in the world. It does not meen the goverments or central banks do not have gold. just that the paper notes cannot be exchanged for gold with them directly as they once did. where the term promisary note came from. you can buy gold with any currency but it is not backed by it how can it be.. there's way more paper money than gold. Plus they can print as much as they like.
think was 1971 when america got rid of the gold standard and seeing as the us dollar is the reserve currency no currency can be exchanged unless into dollars first..So everyone else must use the same system. thats why we have whats going on in the world to save the dollar and stop countires wanting to ditch it as the reserve currency.

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Thanks for the explanation.

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No problem at all

I do have to say that mining fairly honestly is not a thing anymore. Unless you have some serious hardware your not going to end up mining anything which ends up leaving it to a few core power users, business, governments which is the part that worries me at the moment. If everyone with a CPU or video card could mine at at a profit then that would decentralize everything more.

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True but it still infinitely better than fiat-money.

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Given how it has gone so far, I don't think this will be possible for Bitcoin unfortunately. What comes to mind though, is how Ethereum said is built to be resistant to people with ASIC's. While Bitcoin may still be vulnerable, it is some consolation that what could be the future of legal and interpersonal contract enforcement would be resistant. Any thoughts on how Bitcoin could be made easier for the majority to mine in a way that does not change the whole system?

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Anyone who thinks governments are not mining are fooling themselves too. They have the processing power and have us paying their electrical bill.

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That's correct.

@teamsteem! I need to get our recruited members to vote a very special person like you. This blog seems to be one of the longest I've ever seen. All of it were very informational! This is the first time to read a very long article in full along with @donkeypong's post.

Guys ! Let us help this awesome man to have a spot as a witness! Teamsteem take our energy!

@dwaeji-aizelle , @themanualbot , @leryam12, @japh, @jcupzs1, @shaineloo, @ted7, @whitearcana, @jocephil, @roralyn, @hillarya, @jadmarqneb, @jryouken, @rakerumon, @belvaj, @mosheheart, @lykaislove, @queenjventurer, @jhncrlo05, @khanjohnn, @josephfugata, @marysent, @marygod, @lizzzyxoxo, @codygee237, @ceszar, @matidios, @joffitzone, @tsukikei, @ditz.

And many more from your friends! I may forgot some but lets give all our energy to this man! :)

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Thank you for the support and call for action. I really appreciate it.

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I too read the whole long article and indeed it was excellent! I also agree with his view on the guberment and its control matrix, but ultimately they are controlled by the bankster cabal. Respect for calling for support of the article!

Knowledge is power and Id like to share about this cryptocurrency ideas to other people.I guess 80 percent of people here in our country do not know about cryptocurrency and do not have even idea if what is crypto.Most of the people here are very ignorant about crytocurrency that can possibly change thier life.

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I know! Crypto bring joy to its users! Make sure to spread this valuable knowledge.

I totally agree about cryptocurrencies!
I'm so excited that I have learned this early,
and am amongst the first 1% (or much less) of people in the world to invest in cryptocurrencies.

Great post!

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Same for me! Yet some people mistakenly think they missed the boat! Maybe this post can rectify some of this.

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I get that missed the boat feeling SOMETIMES! Then I see posts like this and I am filled with joy again instantly! Super grinning I love crypto!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Extensive and very thorough article. The connection between government oppression and fiat currency is particularly revealing and provides so much of the incentive for alternative monetary systems. Looking forward to see how far this proverbial rabbit hole goes. Thanks for posting!

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It's a beautiful love affair between fiat and governments. The whole world is under their shackle.

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Yes agreed....as economics > politics

My boyfriend would love to debate with you on that! He's actually the one who introduced me to Steemit and cryptocurrency. I recognize him through your words. Keep it up dude💙💫

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It's good to know I'm not alone. I don't think anyone who understand the current system of money creation could ever route for it.

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Oh no..my brother.. you are nowhere near alone...

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me too...my bf introduced me to all this

Crypto currency is one of the best invention to promote fairness and equality in global level. However, it become a threat to the goverment's central financial institution. And we are all aware what a government can able to do, especially the U.S goverment who is willing to wage war, sacrifice it's own people and all other asset in the battle field to take down direct threats to its power. And as mention crypto is a direct threat to goverment! What would be our future?

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if anyone feels like going to a "Solar Eclipse Watch Party"...(Its a free invite).. do read this
https://steemit.com/nature/@cutu/invitation-for-a-solar-eclipse-watch-party

Even though we are all hard, but we never stop seeking pleasure and try to produce the most pleasant thoughts and actions, all the time, that is our life, as if there is no burden whatsoever to our lives.

Truly cryptocurrencies will definitely put an end to government's monopoly and centralization of currency

I love starting to read this post from "knowledge is power" to the end of your post. It gave me a new impression on Cprytocurrencies.

Regars from Aceh @teamsteem.

Arbi

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More Information and more like this please try

following! and make Upvote

So very meaningful information .... All of them can be extra references for us who are active in blogging and earning dollars ini internet ..

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So much good and interesting information to learn and absorb ❤ thank you for putting this one together for us ❤

Really thanks for such valuable posting. Will resteem and try to share as much possible^^

Amazing article my brother :) everyone deserves to be free and happy. Steemit has also changed my life and showed me that there is yet hope for something good to be created these days, something that may help humanity evolve beyond it's current state.

Cheers and all the best :)

This is really insightful. It has added to what i already knew about bitcoins and other altcoins. The price of bitcoin will continue to rise as many people begin to understand it very well. It provides freedom and thats one thing the central government controlling fiat currencies will never do. Thanks for sharing this amazing info and

"Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment."
I couldn't agree with you more! And as usual, it seems that I am guided by my thoughts to find similar thinkers/thoughts. Earlier in my day, I had spent time pondering about the apparent surge of "family violence" in the MSM.
"Was it always happening and being well cloaked or is it getting worse ?"
Many, many thanks for a fabulous post ❣️

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Violence spurs from the individual permeates, their family, the city and their nation. I have faith that evolution will in time help people develop a higher mind beyond violence to increase ones oneness with others in time. Darkness is only the absence of light, cold is only the absence of heat and violence is only the absence of peace.

Cryptocurrencies is just the beginning of the process of governments becoming obsolete. WHAT A TIME TO BE ALIVE 😎

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To empower the individual you loosen the power of a central authority if you are able into influence the process and delegate the power back to the people it is a step in the right direction. The population needs to be aware of their opportunity and must have the wisdom to know how to responsibly employ their new power. As children grow they become adults and in a similar fashion as society matures they will become more independent. follow me!

Bit bit bereh post kah gam hay, poto that lagak kaboh euhh, geuhoh tabak-tabak qei...
Lage meutarek tarek kareet meunan keuh wate kunak koment atra kah,

Bereh that tulesan droe neuh hy @teamsteem eukk, lage lam kapai are.
Nyoe kan ku tuleh nyoe koen pu laen, nyoe ku meuharap meurumpok persen bacut bak si karma, meunyoe hana jih jok persen meu bacut theh sang hana so jok keudroe kuh, jadi nyoe komen lon numpang jak siat, meuah beuh, bek neukira apam syara beh, trimong geunaseh, mnyoe awak blah deuh khen thank you very much, nyan ban :)

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Nice quote! I had never saw that one before.

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Power has its limitations and all things change. I believe in constant improvement (Kaizen) the Six Sigma process of eliminating defects in a process. It can be applied to all events of mind and the tangible. People are conditioned to have processes that factor into their overall personality. Creative minds are inspiring the masses to grow up. Currency is a manifestation of our notions of instruments of value and those in the crypto space have been proponents of solutions to many of the worlds issues. Look at Blockbuster and Netflix now look at Saicoin and the distribted cloud. Centralized and decentralized. I admire the Swiss representatives. What do you think of their way of government?
follow me!

Wow!

Thank you @teamsteam for posting this amazing series! I am now following you and have upvoted and will share this post! Looking forward to seeing more of your posts in the near future!

Feel free to check out my post here where I am trying to donate and give back to this steemit community with my own money!! Every little bit helps !

https://steemit.com/steemit/@joeparys/help-me-invest-usd5-000-in-this-steemit-community-today-power-up-1

Sincerely,
@joeparys

Great analytical post that explains how Government and money creation dictates the life of ordinary people. Cryptocurreny breaks the status-quo and brings competition to monopoly of Government's monetary policy. Thus it can make the life better in non-violent way.

This is a most excellent post and I share many of your opinions, as a witness would you be on the side of the new minnow starting out because some of them are starting to feel there is no hope.

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I try to do my best. It's not always obvious. Don't despair. Make sure to not lose sight of the bigger picture.

really informative post for one who want to learn about bitcoin. the main thing is that bitcoin has a bright future ahead. thanks for sharing such instructive and informative contents. feeling motivated:-)

haha everytime I try to explain crypto to some of my friends they think am insane and I watch too much sci-fi movies

they think am losing it because I can't stop talking about crypto, I think that's why they're trying to avoid me now but when they ask help financially they come to me! funny

Thank you for inspiring me!

Shalom

Great article!

Great post!

wow / super cool post / I APPROVE ! / resteem (-:

Steeming has clearly played an important role in helping me coming up with some of my most satisfying thoughts and actions over the past year. I really look forward to steeming it up even higher!

And as I've already said: "Maximizing my life's enjoyment while seeking to put an end to unnecessary violence, is the single most fundamental precept guiding my life."

I respect what you have done here for SteemIt and for Minnowsupport. As a member of that "club," I thank you. However, reading what I quoted above...

I'm sorry. That sounds like some kind of a soundbite. Are you trying to channel Dan Larimer? Do you think it's cool to be watching the Miss America beauty pageant and hear one contestand after another come forward and talk about how their goal for winning is to help promote, "World Peace." ???

Well, that's exactly what you started off sounding like. And, excuse me for telling it like it is - but you are hurting my ears. Please STFU!!! Quit tayloring your approach to what you think everyone on SteemIt wants to hear - and start saying something original and authentic.

After that B.S., I can't even be bothered to read the rest of your post. I don't think I could handle that much disappointment and boredom all in the same evening.

Any idiot knows that violence is not the answer to lifes' problems. We don't need you to continue to pound home the point. Yes, you have an amazing talent for pointing out the totally obvious and completely self-explanatory. Now, tell us something we don't already know...

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It sounds like you missed it above, so I'll share it in a reply:

"Fiat-money is backed by man with guns."

Fiat currency, I wouldn't call it money, is indeed backed by violence.

Without military powers protecting the banking interests, fiat currencies would have failed long ago. Some people like to suggest that the US Dollar is backed by oil. It's not or at least hasn't been for a very long time. It's backed by military power instead. That's what maintains its value.

The US government demands certain countries continue to use it, and those countries know the consequences for refusal. Look at all the proxy wars and conflicts happening now and in the recent past. They are or were all about securing resources, confiscating gold, or some other economic profit.

Therefore, this isn't a soundbite or gimmick sales pitch. It is a genuine problem, and Steemit is part of the solution. Instead of directly confronting a system we have no chance of defeating, we are instead creating alternatives. We are walking away.

Most people in this thread might not even realize this, but crypto is breaking the centuries long banking paradigm without firing a single shot. No violence is needed. People simply stop using fiat in favor of crypto, and then fiat systems, including all the violence supporting them, end.

That's not a soundbite. That's fucking beautiful.

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Awesome comment.

I too don't consider fiat money as money but that's the term used on Wikipedia so that's why I use this term. Funnily enough I've just looked at the page there and here is the first line.

Fiat money is a currency without intrinsic value established as money by government regulation or law. [wikipedia]

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Yes, the "powers that shouldn't be" love to confuse money and currency. I guess an easy way to answer the question, "Is it money or currency," would be "If the government didn't exist, would it still be worth something to other people?" US Dollars, no. Crypto, yes. Precious metals, yes.

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See, when I come home from work - I can't wrap my head around all of this frilly language. Someone like you has to just put it all into plain English, in a way we can all understand.

If I can't get past the first paragraph of a post, because it sounds like a Unicorn ran down the end of a rainbow to find a pot of gold with whipped-cream & cherries on top - why keep on trying to read the rest of the post. I just roll my eyes and go find the next person who is original and authentic.

Sometimes a persons' approach to a topic can be "too polished." In some of those kinds of cases, i find myself unable to relate.

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I've been looking for solutions to world problems since my very young age. One of my oldest and most memorable moment was about this idea. I'm authentic. You are entitled to your opinions.

The closest thing I could think of as a solution back then was something akin to what we can see in El-P Deep Space 9mm video, where almost everyone is pointing guns at everyone else.

It was more something like an acknowledgement of my incapacity to find a viable solution but maybe violence isn't totally necessary after all.

I'm inviting you and everyone else to put to good use what we know in regard to violence and in the way we express yourself.

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I "get" the video. Good one. It's just hard to go through all of the formalities and thinking when I'm tired. An artist can put it into pictures and words for me in a way that an article never can.

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Awesome!

Fantastic post and well done. I agree with everything you said about Cryptocurrencies and where the future will go. The counterfeiting protection alone is huge.

I've followed you for awhile and really appreciate the high quality informative posts you deliver. You've earned my witness vote.

Thanks @teemsteem ! Come say hi in MSP sometime :)

There is one potential large negative to cryptocurrencies. An EMP (electro-magnetic-pulse) detonated over the US could erase everything, and make all computer chips non-functional. I don't think the odds of this happening are high, but I would avoid putting your life savings into cryptocurrencies. Just something to be aware of.

comprehensive post. "Steeming has clearly played an important role in helping me coming up with some of my most satisfying thoughts and actions over the past year. I really look forward to steeming it up even higher!" awesome words when I saw old member like you describe their admiration towards the community that make me feel energetic to keep going with my blog in deed steemit is the best thing has happened to me this year I wish I knew it in 2016 . as a newbie I facing frustration at the beginning anyway I 'll hang in there and I'll make it happen. I know what it takes I have patience and I'll do my best. thank's @teemsteem for this inspirational words .

I couldn't agree more - monetary wealth is the lubricant for the sustenance of capitalism. The key is to break this dominance by creating a democratic form of monetary wealth through the blockchain and crypto-currencies. Great post!

best article I've read all day! super awesome content.

Wow! This post has all the things anyone needs to know about cryptocurrencies, good articles to start. I am always thankful that steemit made available to people, to educate share knowledge at the same time earning. Thank you @teamsteem for taking time to collate all these articles about bitcoin/cryotocurrencies/steemit

Wow! This reads like " The Evcyclopedia of Fait and Cryptocurrency". You did a great job of detailing the effects of money in all forms and the various Governments of the world and their stronghold on society! Well done papa!

therealroseanne Roseanne Barr tweeted @ 09 Jan 2014 - 20:24 UTC

hey, all: let's really understand #bitcoin it might be better than removing the federal reserve, and faster way 2 end satanic ritual rule.

Disclaimer: I am just a bot trying to be helpful.

very beautiful photo

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More Information and more like this please try

following! and make Upvote

I am agree about cryptocurrencies!

Really appreciate this post first heard about bitcoin in 2014, but could not invest as I had to choose between creating a business or invest. I choose my business which is young and still growing. I only started to invest in bitcoin this month a small amount each month is my plan. As I can see where it's going and the good it can do for the little people all over the world, were all trying to survive and be happy but the powers that be would have us under this modern day slavery to their greed and ever growing debt. It's quite funny and sad at the same time how gullible society is as a whole and how we allow a few to bully the mass. I feel that bitcoin will give the people back their power and then peace can reign globally. I thought that I had missed the boat by investing late it's not about being rich or greedy for me it's just about financial freedom, being able to be of service to others , doing things with passion and creating love every step of the way. Thank you again for this post.

13.jpg Thank you for such a careful post!

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I really love that quote.

Such a valuable information as I'm a beginner. Thank u.

wow, great

First of all, woaahhow 👌🏻🤙🏻 Really like your blog. Check out my blog and follow me, I just started and it would be nice if you guys can support me. Thanksss 🙏

@rawveganita follow this guy! And this post will help you get up to speed with "crypto currencies"!

I agree with you on most of the issues you raised, especially on cryptocurrency being an asset. I think, in looking for where to invest, cryptocurrency is still better than the stock market. On the issue of risk, it's a bit minimal, looking at the market trend.

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I have many different baskets, so to speak, and crypto is only one of them. Then I split up my crypto too. :)

A very interesting post and can be interested in my heart when I saw it greetings from my friends.
@abupasi.alachy

Cool post!! I wish I could write like you can. Beautiful layout/setup of the post!!

Beautiful words by @ teamsteem "Unnecessary violence always ends up being the biggest preventable threat to one life's enjoyment."
steem playing a very positive role in earning as well as improving mind ability, & interaction between world members creating love and care with each other. Thanks for sharing

Knowledgeable information thanks for sharing

Awesome in depth post! Definatly agree on cryptocurrencies, i think everything will move to them because today's "money is worth less and less by almost everyday, and BTC is skyrocketing like crazy :) Thanks for sharing! #keepsteemin

Great article. Think Ill do a double read!

Great Article..loved it

How I wish I can explain all this process to my friends here to start going through crytocurrency. Which i meet someone like you to introduce how steemit works in this modern world.

I'm completely hooked with the blockchain and cryptocurrencies. I can't stop learning about them everyday.

I've been investing free dengi lately in the crypto currency. I bought a dozen different altcoins. Here I wait now, which of them will work :)

Great post with excellent summary!
Thank you for your information. :)

Thanks for the information, very useful for me @teamsteem
follow me @hattaarshavin

Crypto currencies are surely changing our lives in a positive manner.I personally vouch for having both fiat and crypto currency available to us, rather than relying only on cryptos.

Wow that was pretty neat

nice pict

Thanks for this great post I am still new and reading everything about crypto-currencies that I can lay my hands on.

Thanks for the great article! all facts at a glance...

bookmark

- GREATEST INSPIRATIONAL QUOTE

Yikes, how long did this post take to compose? Amazing work and very comprehensive; among other things, you give the clearest explanation of mining that I have ever seen.

It's always nice to see people for whom crypto is more than just a means to profit. I do think the wide spread of cryptocurrency across the world will change things for the better. The governments will not take it lying down though; that's why Ripple worries me

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I'd say more than 20 hours with the editing, picture seeking and everything.

What a breath of fresh air to hear it all explained in an organized manner. I, like many others, have found difficulty in explaining the concept of bitcoin to others once they starting inquiring about the details. This article however, outlines it all in a very clear an understandable way, giving me some useful guidelines and quotations that I can use during my explanations. Thank you for the great article!

Seriously one long post, I've read half of the way.. gotta keep it for tonight reading time. thanks for sharing btw

Exactly ! So many people are still asleep and in denial. Almost impossible to talk and convince those. They'll learn the hard way i guess.

where i can mining bitcoin

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Don't. But Bitcoin instead even if it seem ultimately less profitable. If you still want to mine try to get your hands on the very latest version of the antminer. I still don't recommend it and recommend instead everyone to buy.

We are still in the future!

Cryptocurrencies are just one example of decentralized technologies.

Your post is so complex! You are right, we should fully enjoy life.
Carpe diem! But also we need to be informed and to have a goal!

Thank you for sharing this with us @teamsteem

Thank You 💙

nice post

Qu buen post geniales ideas

You do always great job, doing this for us is good, we just read something we don't know it #teamsteem

cryptocurrencies are here to stay and I think everyone will understand theirs beneffits

great post and info, we are unstoppable! upvoted and followed.

Awesome post thak you for sharing it's very useful

Thanks for posting such elaborate post on crypto currency. Helped a lot to understand it easily. Keep up the good work :)

Sounds softly whisper between your shadows spoken words of love that once stored and did not want to go, twinkle of love is born but become a story that can not be forgotten my heart be hearted and do not want to go.Mungkin i have love like this again do not let me lose Anda.Coba dengarlah I swear from the heart I love you do not hear the word those who do not want us one make sure I'm yours, I'm yours. Integrated sincere love affection tied tightly do not be separated anymore time test our love both

I really wish I could afford bitcoin. Even when it was 800 per coin, I was struggling to bite the bullet and get one or two. I'm hoping to see steem become as reputable as BitCoin.

NICE! UPVOTED and RESTEEMED

Wauw, I might be the first to say that I did not read all that in 1 row, it took me in total 4 hours to read it in bits, but it was however worth it!

I still don't understand most of all this, (I tend to be honest instead of pretending) but this article lead me a little closer, and for that I thank you. And because of that, I finally took my time to do the witness thing even tho I still dont quite understand it, but what I do understand about it is that it should be used on some who are active, and in my oppinion valuable and helpfull.

If Neo says it, we need to believe!

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If you have any questions I would be really please to try to answer them. If you didn't understand everything there is most probably other people out there who also didn't understand but chose it was better to abandon the project and simply not tell anyone.

Thank you for the support.

Really great post and very helpful information. I am still trying to figure out steemit and whether I truly like and believe in its future potential. It is these posts and more even the investment of time and thought that goes into such a post that shows me there is true value in the product / platform. With respect to crypto currencies and block chain projects, I am with you and totally sold on their value and potential for future. I have recently quit my job (similarly to you) also thanks to some extra profits in the crypto space which allows me to try something new in life and follow my passions (food industry). Hopefully it works out! And if not, at least I know I tried and what it takes to try it again! Keep up the great work, happy to have found your channel and following for more. Cheers

Nice post.

Just having the chance to be here with you guys meens so much to me! I feel lucky about already being in this space when it is all in it's beggining. If you thing that it is too late to get your piece of the pie, to get involved in the cryptocyrency space you are not late my friend. It is just the beggining of a huge project. It is incredible that we are seeing it happening right now in front of our eyes!

It is sad to see how the world and its governments control us with their money. I am glad to be in this new movement with crypto currency. I can tell that this is definitely worth our while and this is going to become the future of buying and selling. Although i am fairly new to this, I already love the concept behind it all, and will also promote it where ever I can. I thank you sir for this valuable information provided. If you wish please follow me @york1

Upvoted you! very Good post.