Hi Steemit family!

source

We have been discussing since Blockchain technology emerged. Central system? distributed system? Many of us think that the decentralized system will be better for individuals. In fact, the reason is clearly obvious. We do not trust this system. The latest news also showed that the system can do whatever it wants and no one can prevent it.

For a long time, the USA sanctions on Iran were continuing. The latest sanction has USA expelled Iran from the swift system. I do not consider this issue as political or international relations. This is just an example of the unfair operation of the system. The system can put a country, a company or individuals out of the system today. So what I mean is that when the power is in a single person or in a single center, he can do whatever he wants. That's why I care about both blockchain and cryptocurrency technology, and I'm in favor of a fair distribution of power. Especially the tools such as money to meet the important needs of individuals must be under their control.

So how is the swift system work? Let's see together

source

In fact, a private company, the swift company, has become a central system that connects all financial institutions in the world. With this system, institutions and individuals can transfer money to any point in the world. But even if you don't transfer to the USA, every transaction you make is controlled by the USA banking system and every transfer can be examined. There is a famous saying is that If you can control the money, then you control everything. As it is seen, USA has the power to control everything because it is the sole owner of the system. With the Swift system, USA has three important powers.

• Whenever he wants, he can remove the person or institution from system
• Have the power to obtain all the information in the financial system
• At the same time, they have a great income.

Currency wars continue in the digital world

source

With the emergence of Blockchain and other digital systems, new moves have begun against the system. Maybe you've heard the word "currency wars" from previous years. Especially since the competition between China and USA has increased since 2011, a new war has begun on the currency units. They wanted to increase their market share in world trade by decreasing the value of currencies on both sides. these moves of these countries gave great damage to other countries. At the same time, this competition dragged the current system into a stalemate.

But 7 years have passed and new technologies have emerged. Especially nowadays when big concepts such as big data and the digital world are discussed, we can see that new moves are beginning to emerge. The countries are such as China, Iran, Russia, and Turkey in search of a new digital financial system. This new financial system will be completely independent of the swift system and will allow countries to trade with each other or with other countries more safely. This shows that the financial war between the countries has been carried to the digital platform.

We can also consider stablecoins based on the dollar, which are indexed recently, as another move in the war. When we look at all of these moves, we can see that the new financial world is being built on the new digital world. So we can soon see that the swift system has completely disappeared.

So what can we do when these battles are going on, my dear friends? :) I think we have a hard time waiting for us. Therefore, as we do now, we will continue to prepare for the new financial system mentally and physically. We will produce our own value and provide our own earnings. Then let's continue to grow all together in Steem :)

---

✍ This article was written by @cryptoewp and @flamingirl.

If you want to read our latest articles, click on these links:

➲ Are you ready for future technological developments?

➲ We should share together to reach a beautiful life ❤

➲ Start your day well for a healthy life!

➲ The European population is getting older. So how will this problem be solved

➲ Cryptocurrencies can be our savior when we enter into a major financial crisis

➲ ⚽️ Is football just a sporting organization? Or is it also the method of managing crowds? ⚽️

➲ Welcome to Creativity Life!

➲ 📈 Is the Economist magazine reporting on the future? 📉

➲ Move away from stress and increase your awareness!

If you liked reading this article, feel free to FOLLOW US, UPVOTE and RESTEEM! It's always appreciated =D. Thank you all for your support and see you soon for a new flamingirl's adventures!