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The Future of Money and the Crypto Currency Trend
Published by Carlos Almeida — 12-3-2017 at 6:41 PM UTC
Bitcoin and crypto currencies will make a lot of people financially independent, and that’s a great thing. Millions of people who never had access to capital will be able to pursue their goals and build things that could ultimately help humanity as a whole.
“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.” Satoshi Nakamoto, 2009.
Because of Bitcoin, we don’t need middlemen to transact — hell, we eliminated the need for trust. We can transfer value over the internet without asking permission from a gatekeeper. The internet did this for the transfer of information, whereas before, we had to go to the post office to send mail, through a telephone operator to call someone overseas, or a publisher to let the world read about our stories and ideas. Bitcoin is doing this today, letting us transfer value from one owner to another without permission, globally, and instantly.
Just like how the value of your paper money is not in the paper itself but in the government or authority that issues this paper, the value of digital currency is not in the tokens used to exchange with each other, but in the network that allows this exchange to happen.
The price of the digital coin is the least interesting thing about it. The value of the digital coin is in its ability to do what it set out to do, and do it best. When you truly understand the technology, you’ll realize it’s true value.
Over one third of a trillion dollars. That’s the total amount of crypto currencies in the world. $165 Billion belongs to Bitcoin alone, which just shows how dominant network effects can be. Because of Bitcoin technology, the power to create money was granted to every human being on earth and taken away from kings, oligarchs, and governments. The printing press did the exact same thing for information, which started the renaissance and led to the industrial revolution.
Bitcoin is now the 6th most valuable circulating currency in the whole world, and it did this in about eight years, with roughly only about 0.01% of the world’s population owning or using it.
There is immense wealth being created right before our very eyes, but it is happening so fast that most people are ignoring it.
Let us look at the list of richest people in the world. In the late 80s to early 90s, it was consistently the Sultan of Brunei, with his golden throne, 200 Ferraris, and a gold plated Rolls Royce that made the top of the list.
Then in the late 90s to early 2000s, it suddenly became Bill Gates and a bunch of other geeks that made it to the top. Where the hell did they come from? How can a bunch of geeks writing software, wearing sneakers, and working from their garages become wealthier than a Sultan with solid gold chairs? Why did this happen?
Because there is much more value in a global network allowing people to store, exchange, and transfer information than in yellow shiny rocks and fossil fuels from under the ground.
The exact same thing is happening today in the crypto currency world. Suddenly, geeks who toiled over establishing the Bitcoin network voluntarily and thanklessly for years and years are being paid back by the very software they helped build. Traders who believed in projects and invested the small amount of money they had left along with time and effort in building these projects are seeing 1000% up to 30,000% increases in the value of their net worth in crypto currencies. Pioneers are paving the way for a new generation of financial applications that will usher billions of new users to the internet economy. There are some among them who are already approaching Billionaire status, and many more will follow.
People are hungry to be a part of the world of finance. What was once the private playground of the rich and powerful, the middlemen and brokers, institutions and corporations — the world of investing and financial exchange — have been eclipsed by tens of thousands of common people. People that can’t afford the buy in to the current system, ones who do not pass the vetting of its gatekeepers and are left with nowhere to go. They see Bitcoin and crypto currencies as a permission less option to participate in the global financial economy and a way out of their own rat races. They invest hard earned money, a few bucks here and there, hoping to make honest gains on their own, even risking losses, instead of being at the mercy of consumerism and inflation.
Children born from 2009 onward are going to live in a world where digital crypto currencies always existed and are the norm instead of a fad. They will never understand the need to wait “3 to 5 business days” for money to be transferred, to wait in line at a bank, to pay 10% to send money. It’s easy to think that this is wishful thinking, but remember, lot of people called the internet a fad too. Now we no longer go online, we live online.
About Carlos Almeida
My name is Carlos Almeida and I'm a proud member and Advocate of NetLeaders (DasCoin). I use Leased Ad Space (LAS) to help me earn extra income from my home with DasCoin (NetLeaders). DasCoin Can Really Help You Live Your Dream. Our mission is to bring financial freedom, empowerment and prosperity for everyone. To serve and empower people to give them the opportunity to be involved in the biggest financial revolution of our time. If you haven’t got yet an account for crypto currency, I advise you to get one, as soon as possible, in order to take advantage of the rising market trend. This currency is already replacing the fiat money. Evolution of money is happening now, governments, banks and regulatory authorities are all looking to the change from paper currency to digital opportunities globally. First adopters will get the greatest profit. Empower yourself through information. This is an opportunity of a lifetime! Get back with me as soon as you can and I will give you all the info you need to get you setup in helping you build your business with our team. To Your Success, Carlos Almeida