Every couple of thousand years or so, humanity makes a large leap in progress. Usually a breakthrough in societal technology brings us to a new plateau. 4000 years ago we mastered agriculture and farming. Roughly 2000 years ago was the advent of democracy and minted currency. This resulted in an increase in commercial velocity and quality of life.
Since the dawn of monetary technologies, mankind has gained from their ability to accelerate economic activity. However, we have also suffered great tragedies and thefts from their corruption, monopolization and centralized management.
The majority of people are completely programmed to government currency monopolies. They don't even realize they are in one, nor do they realize the implications of such a system.
First off, the user has no choices. They could use another fiat currency, but all fiat currencies depreciate by design. This inflation is a "tax" to hold the currency, by the government.
When the government creates more new currency, value is diluted and they can steal value from the holders of the currency.
This also allows the government to wage wars at will, while increasing their stronghold on the population. With a complete monopoly in currency, a citizen is merely a slave to the system.
You could buy gold and silver, but these markets are highly manipulated. I suggest holding at least 5-10% of your portfolio in physical precious metals. On the open market, gold and silver derivative contracts (paper) are sold into the market as actual commodities. The gold that they sell to suppress the price, doesn't actually exist. This is a house of cards that will collapse once investors start to take delivery.
Silver, has the potential to go to the moon. The supply is low and we use it for many more industrial applications than gold. I do believe the supply crunch will start to unravel in the future, resulting in much higher gold and silver prices.
Blockchain ledgered assets are derivative proof. The blockchain doesn't recognize representations of assets, only the actual code or private keys. Bitcoin futures are merely a fiat cash side bet and do not deliver real bitcoins.
In response to the multi trillion dollar, taxpayer funded, bank bailouts of 2008 and subsequent Federal Reserve money creation extravaganza, cryptocurrency was born out of necessity. Bitcoin, is a blockchain based, decentralized application. DLT or Decentralized Ledger Technology is the umbrella term used for these cryptographic network structures. Next generation variations beyond blockchain are under development. Current examples are HashGraph, Tangle and Block Lattice.
These technologies promise to revolutionize the economy and remove unnecessary middlemen from the equation. We will end up with decentralized services, registries and governance. The entire structure will change. Central power is not impressed with the threat this poses to current monopolies and regimes. The Satoshi whitepaper, will forever be remembered, as an instance of the pen being mightier than the sword.
In a world without the friction of third party fees, the economy can change radically. All of the sudden, a business that sells something for a dime can actually be economical. Micro transactions will be an entirely new market.
Third world countries that are riddled with banking corruption and have a lack of government documentation structure, will be changed dramatically. Any person with a cell phone, will be able to have a bank account and a choice of currency, that can't be inflated by their government.
A New Age Of Freedom Is Upon Us!
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@investing trying to wake UP one Govt. Brain Damaged Mind at a Time..............
Wake me up when MArch ends :p
"With a complete monopoly in currency, a citizen is merely a slave to the system."
Exactly agreed with above content as you wrote here. Current bankers take huge fees of taxes from holders of money. In fact cryptocurrency market better than bankers. We have necessary needed change it and without 3rd party fees. Steem blockchain don't take any fees. It's valuable. Human has freedom now but not only all states. Some countries hasn't freedom. That's excellent current market situation conversation @investing.
I like your explanation of these ideas. It's true that the revolution is on and I wonder how the pushback from government will be. I often tell folks that the control of the currency is what allows governments to have a military. In fact the secret service was started to protect the currency, not the president. My thought is that Governments and its industrialist stakeholders will try to buy as much of the crypto as they can so they don't lose power. We'll see how that goes. I love learning from your articles so keep them coming.
I just invest in gold, silver and cryptos because the metals will be scarce and the price will rise and cryptos is an amazing technology. Regards
its a big true that we are living in a big slavery of goverments of bankers shity rules in this modren world and the we didnot try to get freedom any bit and also didnot try to change the world or the society before crypto awairness but now we broke these slavery chains of bankers with the help of crypto and blockchains technologies and now we have a brilliant choice of crypto which we didnot have before some years ago and now user have choice our of fiat currencies and also out of goverments tax rules which planned by bnkers @investing
thats great and good thinking that you gave me in this post that the silver has the potential to go to the moon
i really didnot think on this point before your post that the silver supply is low and we use it for many more industrial applications than gold so i think it is good investment to get good profit in future and also cheap as compare to gold
thank you man for always share some brilliant and helpfull stuff
Here's a question, though: if real freedom doesn't happen until the Internet is decentralized...where's the centralization of the Internet itself?
As far as I can tell, there is no ownership of the Internet at large. There are huge entities (coughGooglecough) out there buying up big swaths of the real estate, but it's still almost impossible even in ultra-heavy-handed places like China to completely own, maintain or regulate the communication medium that is the Internet itself. So from that definition, we already have freedom and do not need to invent an alternative. The alternatives we need to have would revolve around getting us out of the Google-type traps where all our interaction with others is actually happening within the regulatory eyes of a company.
Also, the idea of a borderless world nation is a pretty old one and there are a couple of long-held problems that appear even here on Steemit: 1.) cultural differences ultimately make us most comfortable interacting with those who belong or at least mostly understand the cultural place we come from, creating automatic barriers; and 2.) good fences really do make good neighbors.Thanks for the thoughtful article, as always! I curate for Build-a-Whale and am always happy to see your name show up in the list.
that's a nice motivational speech, that's truly upto us and yeah we will get rid of the corruption, there is no transaction charges or tax for digital money, it gets directly added to your account, digitalisation is what we need..
i totally agree with this discussion of yours, we should hold something for us for illness and untoward episodes....
You've written the same thing twice in the post..
Isn't the cryptocurrency also taxable under capital gains..
We have to pay taxes to everything now
thanks, had copy paste error
The government will be fighting for relevance from here on out. I fear war above all.
I agree..
It's not looking good
With present FUD and downtrend crypto market bankers and some states try to stop blockchain issues. They wait to see lot of peoples leave from steem blockchain. But peoples know what's situation. So don't pass their goal anyway. Brilliant discussion @investing.
Hello @investing your post explain the steps of the economy thru the time, the man is looking better opportunities to do the life and the governments watching how to get more from the population; but right now we are in front of a big economical change, its name is crypto as protagonist: free of the b..ks.
yes i agree on it and have a strong hope that these technologies will revolutionize the economy and remove unnecessary middlemen from the equation completely and sure we will end up with decentralized services, registries and governance. the entire structure will change
these friction of third party fees bound the economy in a small circle but we want to see a world without this.......
well i just joined crypto world some months ago and have samll invested in crypto and still investing as i can but its trure some months ago i didnot know any idea about investment and also have not intrested to invest and also have not more knowledge about crypto but now to join your youtube chanel and steemit blog i think i got many knowledg on crypto and always get some usfull in your videos so if your suggest to invest in metals sure i will try to invest and hold 5 to 10 % my portfolio in physical precious metals #investing...... i have no idea on it but hope your suggestion will give me some good benefits and i will know more on it in your blog
nice post on cryto currencymrestmet done
wow, that's a very nice article! there's a lot of wiki info about vaporwave but it all looks generic, you made it interesting :) as a big fan myself and new to Steemit, I'd like to find more people here interested in vaporwave / ambient / new age genres, can you recommend me some pages to follow? searching by a tag doesn't gives much...
Thanks!
Yeah! These technologies promise to revolutionize the economy and remove unnecessary middlemen from the equation.
Great Thoughts!
The world of the future is full of brand new challenges and possibilities. But I firmly believe we will find our way through it and end up in a better place.
The world of the future is full of brand new challenges and possibilities. But I firmly believe we will find our way through it and end up in a better place.
Thanks for sharing such a great and helpfull stuf
obviously ,it is time to have some freedom!
Yes this is quite true. The present FUD and market instability that we have now is a result of government and banksters trying to fight back for centralized control. But I believe that the struggle for freedom will triumph over this monopoly system of government.
Did you notice that you put the message twice? I think that was a mistake. Thank you.
@investing, You discussed valuable and very deserve topic in current society.
Absolutely we have best top class financial technology. But currently faced above problems. Lot of sites decentralized but I've seen very recently lot of exchanges hacked by hackers. Yep..we have lot of freedom with banking activities in ma country. I can do any transaction without using money to everywhere using only one command. It's better but banks takes massive TX fees for it. It's unfortunate situation to me. They mentioned of my monthly statement.
Cryptocurrency technology various field. The banks, governments try to hold and control it but they have failed yet. They have headache with cryptos. Sure crypto gives us brightness future.
technology is very influential in the progress of the world.
such as steemit, steemit already used 20% of the world population.
this is good news
You got a 66.67% upvote from @steembloggers courtesy of @manlyness!
Excellent crypto post Mr. @investing
Great post!
Thanks for tasting the eden!
one of the great post about crypto. great explanation, thanks for sharing with us.
Awesome blog post,great work as usual.lots of love.
Great post
steemit is great
You got a 55.76% upvote from @brupvoter courtesy of @manlyness!
You got a 62.50% upvote from @redlambo courtesy of @manlyness! Make sure to use tag #redlambo to be considered for the curation post!
We are approaching a new age of synthesis. Knowledge cannot be merely a degree or a skill... it demands a broader vision, capabilities in critical thinking and logical deduction without which we cannot have constructive progress.
That's what the real purpose of Blockchain and decentralization, to give us freedom From the so-called banking system.
The Government is charging tax on everything, even the simple things we use in our life like soap, handsfrees,
When will all this stop? when will they stop lotting us?
time to think, time to take the action.
Release the Kraken! You got a 40.24% upvote from @seakraken courtesy of @manlyness!
time is changing quickly than our thoughts we need to be a part of the next big thing
Yes we are growing at a rapid rate but in between whst we are losing is humanity culture peace and everything that once existed... Day by day we are becoming more and more unhappy. Anyways the tax... We are taxed for everything right from start of our day till the end all we have to face is tax...
Blockchain will power up this new next age of society with its transparency and its stability
who wants a middle man in this age the time has already changed it's better if we change ourselves too
Illuminati confirmed
Bitcoin price has been fluctuating because of fears of government crackdowns since the value of the cryptocurrency skyrocketed before Christmas.
Mr Chiavarone said the US Federal Reserve could "kill" bitcoin unless more is done to further develop blockchain.
He said: "The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it at some point because they wouldn’t be able to engage in monetary policy."
Let's hope for the best that the government should also support cryptos also in India for a better future of the world...
By the way great post.. loved it
@investing Is it to late for me to start investing in crypto?
but the govt not feel comfortable that is the only disadvantage
Thanks. it is true that the control of currency is what allows the goverment to have military. This is because cryptocurrency market is better than bankers.
What do you think about the possibility of becoming a cashless society? Is there ways to profit?
A very interesting topic, I am from Venezuela and thanks to the fact that the rulers are corrupt and greedy, our country is monoproductive and that is simply one of the biggest causes of the economic crisis we are currently experiencing...
why the illuminati sign?