Cryptocurrency, are We witnessing a revolution?

I read a post and video log by @nanzo-scoop called “Crypto-and-cardio-13-will-blockchain-be-an-evolution-or-revolution?” which inspired me to write this short reply, which I am sharing now.

Cryptocurrency, are we witnessing a revolution?
I think cryptocurrency and the blockchain is already one of the most disruptive financial occurrences of this century and it will revolutionize financial and other transactions, as well as other areas like communications. The amazing thing is how it seemingly existed below the radar and then exploded into the limelight in December, 2017 when Bitcoin’s price was near 20,000. Suddenly everyone new the word Bitcoin and suddenly banks and other financial concerns had to respond to all the inquiries, try to maintain market share and try to control the narrative about this disruptive and revolutionary entity called cryptocurrency.

Additionally, this huge thirst to understand cryptocurrency lead to people trying to understand the terms used to describe cryptocurrency like decentralization. I feel that in order for people to understand how cryptocurrency was different, they needed to understand the banking and monetary system which existed before cryptocurrency. This to me was revolutionary, as large numbers of people were learning that their financial systems were centralized and much of what happened was hidden from them. Indeed learning why cryptocurrency was such a revolutionarily different system educated people about both systems and led to inevitable comparisons and criticisms of the traditional banking systems. We are talking about a revolution!

As for me, I came into this space to mine cryptocurrency. I built two miners, learned how inadequate my education was along the way and taught myself. After that I discovered staking wallets which I thought and still think are very attractive instruments, initially I liked them because I thought they allowed me to preserve capitol and generate rewards/money. But soon I learned how high ROI coins suffer from inflated numbers and deflated prices. But I still stake and still profit from some coins and certainly lost money on some coins. Then I discovered masternodes and after building a masternode in 3-4 different coins, which was very challenging, I discovered shared masternode which I invested in with good results. Then I discovered platforms which do all the work of building your masternodes like Gin and XAP, but they don’t have the risks of shared masternodes. Along the way I added tremendously to my dictionary of words and feel partially fluent in cryptoese as a second language. By the way master nodes are a revolution inside the revolution. Next, I discovered Steemit, a truly revolutionary social media platform, which I believe also believe is revolutionary. Please excuse the repeated use of the word, but no other terms seems adequate to explain what’s happening.

When I look at this space called cryptocurrency, I see a financial and potentially large scale social revolution. I also see an amazing evolving entity. The evolution of many of the elements in this space like cryptocurrency mining, staking wallets and masternodes is amazing. Capitalism is one of the strongest motivating forces on earth. The changes it brings occur at an amazing pace. Those that are attentive are witnessing something truly unique, which will be written about in the future. I can almost hear people saying: Where were you the day Bitcoin hit 20,000?
That will be the new defining moment question.

@shortsegments

Pictures
All pictures from Pixabay or Shutterbug

Reference:
Inspiration for this short essay is this post: https://steemit.com/vlog/@nanzo-scoop/crypto-and-cardio-13-will-blockchain-be-an-evolution-or-revolution