This is a simply story why the Blockchain beats all Fiat based money systems and why Physical Precious Metals as in silver and gold have so much to learn from the freedom that is enjoyed with blockchain technology.
Blockchain and CryptoCurrencies
Bitcoin or any altcoins, most people struggle to comprehend why after only 10 years they have so much value when they have no physical form? It’s beyond the understanding of most people so they prefer to just stay away from it, ignore it and trust in what they believe in and what they are told.
But the idea behind the Blockchain and Cryptocurrencies is very simple if you are willing to look at it………….if you cut out the technical stuff and break it down it becomes undeniably brilliant.
The Brilliance of this system compared to the Paper Money System and the Physical Precious Metals Market
When we base our lives paper money, everything is decided for us, money is simply printed, interest rates are set, you are told your value in relation to this money and how much of it you earn will determine what kind of life you have, it’s that simple.
With Precious Metals it’s not much better, you are always told what they are worth, their use is meaningless, you have to pay to store them, pay premiums to buy them and never get back what you paid for them unless you are prepared to wait years.
We all live in a controlled system always following what others tell us do, it’s sickening
But it’s very different with cryptocurrencies, a cryptocurrency is not physical, it is simply a digital asset, an algorithm that cannot be controlled by any one person or group, because of this the possibilities are endless.
This is the true power of all cryptocurrencies; it’s their ability to get away from a manipulated and controlled system to one where everyone has control over it……
The Benefits
No one person or group can gain control over the system
The units are controlled so only a number can ever be mined or created
Full control over a unit of a cryptocurrency is held by the owner and they alone get to hold that cryptocoin in their own digital wallet
Each unit is designed to work as a medium of exchange to secure financial transactions
I can freely value my unit through an online exchange to determine the value
Movement cannot be monitored or controlled so you can transfer them anywhere in the world and each transaction is secured through the blockchain through a distributed ledger
Just an example of what this system gives you over physical money or physical precious metals:
I have own 1 bitcoin, now that bitcoin is mine, it’s in my wallet where I alone have full control over it, to set up my own digital wallet(my own bank) I had to spend 2 minutes creating it and I didn’t have to send any of my personal details or pictures or wait for a week to get an account, now that 1 bitcoin is mine and secure in my own bank(digital wallet), I am free to value this bitcoin through a worldwide 24hr exchange where other bitcoins are bought and sold so now I can determine its value, with that value I can now exchange it for paper money or use it to purchase goods and services because I now know its value which I can now show others, I can send this bitcoin to anyone throughout the world instantly, never will I have to worry about borders, restrictions or banks.
With that one bitcoin I did away with banks by becoming my own bank, I was able to value my own currency, I could use my bitcoin as real money and I could transfer it to anywhere in the world instantly.
Now please tell me if you can do any of this with paper money or with physical precious metals. This is the value of a bitcoin or any other cryptocurrency, it decentralizes rules and regulations and allows people to gain control over a currency again.
These simple solutions were enough to show the cracks behind this debt ridden money system we are in. It has shown that even an algorithm which has no apparent value, apart from the cost to mine these cryptocurrencies has shown how truly worthless our paper money system is.
There is however a catch to this system:
This system is not without flaws:
First is you can only base the value of a cryptocurrency on a paper based money system because it has no physical form so it can only ever be anchored to whatever system of money is in place
Cryptocurrencies will never be a real treat to the control set by central banks, only real physical value can ever threaten the central banks printing scheme
You would never know if this system could survive the death of a currency
It will never gain full acceptance as without real physical value behind it most would never be fully trusted
The fluctuation in value can be so much that it could determine whether if someone who earned it would be able to eat one day or eat too much another, the stability of this form of money is to unstable
There are too many, 6000 thousand at last count
If we are not careful we will all serve a Governmental Cryptocurrency one day and if that happens we are all finished
Bridging the gap
There is one thing that can bridge the gap and take away all the flaws and concerns that come with cryptocurrencies, that’s Physical Precious metals.
Precious metals has the ability to bridge that gap needed to stabilize Cryptocurrencies, challenge our obedience to this worthless paper money system we are stuck with and it has the ability to provide real value for the rest of the population to trust.
Both Cryptocurrencies and Physical Precious Metals are inevitably tied together now to end this rotten system we are forced to obey and serve, separated both will only ever serve whatever money we are all forced to serve, however both Precious Metals and Cryptocurrencies have enough power to end this system of control once and for all.