Excellent reflection. Today many come to the world of cryptocurrencies with the main objective of increasing their capital measured from traditional forms of finance. Only coin issuers create value out of nothing, in exchanges the platforms never lose, and for a few to win, many others have to lose. In this game, those who know and have power agree and put others like a horse after the carrot. Cryptocurrencies have an immense liberating power, which is not convenient for the circles of power, every day new cryptos or tokens are taken alive, to trap the investor's money and maintain the game. There is nothing more valuable when someone sells or provides a service using crypto, since it generates real value, not speculative value. There is nothing more illusory than trading in crypto only to die in the end using fiat. Greetings.
I think while many aspire to grand vision of the ultimate outcome of crypto, BTC itself has a limited and specific window of likely impacts, some of them will take decades to manifest, much like the length of time it took for the unfolding of the original internet technology into culture and politics. I actually expect the outcome to be far more apparent over seas in the global south in the coming years, where many people do not even have access to proper banking services due to exclusivity and cost, than it does here for us.
Thanks so much for visiting @qubitcritical :-) I agree with your observations, especially the one about the unbanked global south. We're in here for the long haul!
Excellent reflection. Today many come to the world of cryptocurrencies with the main objective of increasing their capital measured from traditional forms of finance. Only coin issuers create value out of nothing, in exchanges the platforms never lose, and for a few to win, many others have to lose. In this game, those who know and have power agree and put others like a horse after the carrot. Cryptocurrencies have an immense liberating power, which is not convenient for the circles of power, every day new cryptos or tokens are taken alive, to trap the investor's money and maintain the game. There is nothing more valuable when someone sells or provides a service using crypto, since it generates real value, not speculative value. There is nothing more illusory than trading in crypto only to die in the end using fiat. Greetings.
Thanks for responding @ertytux, I really appreciate it :-)
I think while many aspire to grand vision of the ultimate outcome of crypto, BTC itself has a limited and specific window of likely impacts, some of them will take decades to manifest, much like the length of time it took for the unfolding of the original internet technology into culture and politics. I actually expect the outcome to be far more apparent over seas in the global south in the coming years, where many people do not even have access to proper banking services due to exclusivity and cost, than it does here for us.
Thanks so much for visiting @qubitcritical :-) I agree with your observations, especially the one about the unbanked global south. We're in here for the long haul!