We are so into the blockchain dimension, we want to implant banking, transportation, communication and all sorts of stuff to the decentralization. The power is immersive and beyond what we have ever experienced. But are we overpowering its potential energy? If so, a curse may lie upon its sole purpose (An alternate currency).
Probably in a deep dark nigh,t a man (maybe a group of men) named Satoshi Nakamoto had been developing a spell or program (if you prefer non-doctor strange phrase). The program was successfully created by somewhere in 2009. He or they couldn’t possibly imagine that the power would rule all over the telegram. The program was called and still being called widely BITCOIN. An invisible coin that appeared even before The Avengers (in Hollywood). WDK, why the heck the man or men behind such amazing invention would hide themselve(s). Probably, the spell cursed the person/people and cast those who were responsible or may be he/they choose to live an anonymous life.
Many have tried putting egg into oven, mentos into coke and Trump as president but nothing really named those action as EggOven, MentosCoke or TrumpPresident (not vice versa). But when some genius fired up some developer console and put some blocks into a chain the name just built-up BlockChain. A chain of blocks where all of the transactions information by strangers are noted magically (some way that you can’t figure out physically).
There is not a lot to say about CryptoCurrency. When a currency is cryptographicaly engineered or magically created and people on earth can reserve it without paying taxes is known or should be known as cryptocurrency.
Now one of the least asked questions is going on my mind which is similar to a frequently asked tricky question (FATQ), “Which came first, Blockchain or Bitcoin?” I guess many of you won’t fall into an infinite loop of contradictory answers. But the real problem is Bitcoin opened the path to thousands of other beings from its dimension, and they are competitive. Now we are getting into the main phase, where our economy goes down and paragraphs get longer.
So the beings attracted by Bitcoin are hardly trying to get over everything. Now there are new abbreviations like ICO, MVP and ETH and the power moves that merged ‘sounds metal’ words like PrivateSend, MasterNode and WhitePaper as well (last one’s old) in the field. As the movies suggest (except 300 and few others) ‘Hero never dies’, the Bitcoin still rules the Emerald City. Every new day starts with a new thread in Bitcointalk whether the ICO of any random cryptocurrency worth buying. Can you tell who took my picture showing along with my profile? If you are genius you’d go to my facebook profile and check my profile picture’s caption to see who I credited for the picture. It’s just a random thought and you won’t do that right? It won’t pay you. But when it’s about ICO, instead of waiting for others to comment on your thread “The website is legit..they pay… here’s the link …/ref/123” you should start researching yourself.
Wait, I wrote the content to warn about the potential threat that CryptoCurrency has delivered to us. It’s a mystical war between our ancient physical system vs digital one, a war to demolish our own economy. This really needs to think wisely whether to let cryptocurrency grow through its way or to make protocol about it.
Some say CryptoCurrency a currency and some compare it with a commodity. And we can mine a direct currency or commodity, however you call it. That is seriously an issue for every nation. Basically, one is creating money by own. I know, I read it how people mine cryptocurrency and that’s energy consuming. When somebody mines, the person does make a profit out of it, right? Now you will argue that Zach King creates money through YouTube. In this case, I will say, he generates money and doesn’t create it, there’s a big difference. Something is generated means, another thing was sacrificed to make the ‘something’. By creating, it means the thing came out without any sacrification of another thing (although it contradicts the general physics law, and I hate the physics laws, lame laws). YouTube pays Zack King because he monetized his videos with ads. Ads pay to YouTube and YouTube pays to Zack, simple but through an ecosystem. There is always some party losing money in a single way. Like, we are losing money through buying daily goods. And we are also earning it by our job. But what happens for a cryptocurrency? It never loses, only wins.
Economic stability indicates the state where neither any commodity is overpriced nor it is sold cheap. Every country hardly tries to maintain that state. Lack of money = bad, too much money = bad (excluding the remittance/export/import; when a government maintains a country’s economy). But Cryptocurrencies are borderless, taxless and (sometimes when giving away airdrops and free satoshi) priceless. Imagine one may have 100BTC and the person can live with a BlackBerry phone, a Dual Core Toshiba laptop and a not so looking good Toyota Corolla. The government not even gonna suspect the guy as a millionaire and not paying an income tax. That’s right that I’d not even want to pay the income tax but I also want my road gets fixed.
That’s right that I’d not even want to pay the income tax but I also want my road gets fixed.
Decentralization, the first term of a cryptocurrency. Although every altcoin is made by someone/some team we like it ‘decentralized’. Never heard the word before 2015. Would you like to ride a boat with a steer or do you want the current to control you? That’s a very misleading question which was asked in a forum. The question, however, should be asked whether to ride a yacht without knowing the sailors (probably some AI freaks or Joombies). So far we still need dependence in any cryptocurrency for many reasons, including creating a wallet, generating an address, broker and trader as well. DECENTRALIZATION isn’t born to vanish the dependence into spirit realm but surely it is written Bold and Capital in most of the Cryptocurrency websites. Actually, there is nothing wrong with the Decentralized system, as long as you can trust you can test-it-out.
The camera (1816) was invented before the light bulb(1879) and I am talking about normal English here, not any Cryptographical mash-up terms. When people wanted to take a picture at night, they used to light flares. I still couldn’t find how can the camera possibly invent before light? Look at it, it’s more complex than a light bulb. At this modern age, we may have invented cryptocurrency so early and it needs regulation. Camera or light bulb didn’t turn out to be violent but the nuclear bomb did. Our unimaginable advancement in the 20th century caused enough harm and our unimaginable advancement in 21st making us filthy rich. And there it is ‘Curse in Cryptocurrency’.
That’s quite a finish?
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