Well most of us already have heard of new billion world, Bitcoin, Bitcoin is a new revolutionary currency that not only challenged the banks worldwide but all the Governments worldwide.
Bitcoin came into public existence somewhere in 2009, less than 10 years ago, with monetary value of USD 0.01 by an unknown developer we know as Satoshi Nakamoto.
This anonymous person not only made a crypto or digital currency but gave a new technology 'blockchain' which is considered to be next world order or new form of cloud system.
Most of us still don't know how these digital currencies are mined and those who even know find it hard to explain exactly how something is mined, well we have to admire the person who invented all these new technology and remain anonymous despite making alot of billionaires.
At that time he predicted if this currencies is going to be accepted by this world a single coin is going to worth a million, well that to far for know but its very true to me in near future, well the currencies is being accepted at very small scale for know but I am pretty sure world has to accept it if they want to make this world digital. Well that was his idea that world is becoming digital and Satoshi Nakamoto believed that world will one day or another will accept this new invention.
Crypto currencies are still facing challenges with their acceptance globally, reason being that people believe they have no real backed by gold or dollars, well I got a question to these people do they really think USD or EUR or any other currencies are backed by gold? Well I dont this do, according to CIA there is total of USD 85 Trillion dollars worth of currencies circulating worldwide, well to me these figures are less than what we think. Total deposit in banks worldwide are over USD 300 Trillion, well how is that so, and I have no idea how much gold is there in Federal Reserve Worldwide, I doubt if its over USD 85 Trillion.
Only way to make these digital currencies acceptable is to bring stake of everyone around you to this new world, this will change the way digital currencies are seen today. We all have to put our efforts to make this digital currencies the prime currencies and get over to these existing bank and their paper currencies, they oppose the major hurdle as their paper, so called gold-backed, will be worth nothing if these digital currencies are accepted everywhere.
Being stakeholder I am writing this article to promote digital currencies, will you help be sharing your thought of this? I will welcome your comments and your feedback on the articles and information shared.
Please also share your thoughts about the best crypto currencies and their forecast in comment section and even question that are left unanswered in the article above, I will post some more articles and my thought about the best Crypto/Digital currencies in coming articles
very nice information about cryptcurrencis good work bro
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit