Whoosh! If you are a Veteran of the CryptoCurrency movement, then brace yourself for a light-speed experience.
Personally, I've dabbled in BTC, ETH and even JS based coin development; however, when I downloaded my first mobile wallet for the Dash platform – my first reaction was, wtf..?
Before, I had the chance to look at the send response, I'd received a push notification telling me the funds had arrived! Wow! Coupled with a slick UX / UI experience and real-time fiat interfaces, I was instantly sold!
Mobile Wallet:
https://play.google.com/store/apps/details?id=hashengineering.darkcoin.wallet&hl=en_US
Now this article is not about the Dash Core platform; rather, I'd like to explore the implications of such high-speeds and bullet-proof security. The more seasoned IT guy will remember 56k dial-up and the opportunity to play with some pencil-stick graphics. Millennials would recall the pain of waiting for hours for BitCoin confirmation, but look at where we are now!
I had to send some bank funds to my wife last month! A few arguments later, the cash arrived into her account the very next day! So what's going on here? Why hasn't this super fast service filtered down into the banking system and / or POS space..? Answer..! Politics, or as I like to call it Psycho–Social warfare.
Let's forgive and forget the numerous bumps and dumps of the financial markets, the fluctuations of prices in goods and services or even the funding delays, and look at the control of money or the fiscal policy.
In short, this hideous debt based model has led to various wars, misallocation of funds and a slave-nation convinced that cash is king! Well, it doesn't have to be this way! Money is not only a store of value, it never was! Currencies is liken to the current flow of a river or electrical circuit. It is intended to be a measure, a quantifiable exchange of unified information for all to gauge. A macro significance of work-done, favour earned, lessen learnt, exchange made and most importantly an indication of personal achievement.
I maybe right or alternatively wrong; so why not let the crypto-financial system make that decision for us? There is currently a movement, expounding gravity towards gold and silver. Citing safe-haven to financial, a song that has been sung through-out of history. Yet, here we are – back to square one; where the rich are poised to distance themselves from worthless bank notes, shares and derivatives, sitting on a store of gold.
Imagine if you will, a reality where money works for you. Not in the form of investments, Venture capital or even gambling, but where subscription to a given crypto-currency platform lends election to those entities showing most promise, greater service and security. Picture a space where money no longer exists, but is perceived as a unit of influence and power agreed upon by the collective.
If you can grasp these ideals, then you may have some comprehension of what I'm attempting to impart; though steering this new technology in the right direction would be a proactive endeavor. E.g. Here are a few unanimity tips for CryptoCurrency success:
- Never invest in Ponzi-Coins, where an infinite amount of coins can be minted.
- Always support those digital currencies, seeking to provide an alternative service or function.
- Ensure the platform is decentralized, and coins are dispersed over a wide range of Stakeholders.
In my following article, I'll attempt to illustrate what possible outcomes may coalesce, if indeed these central tenets are adhered to; in contrast, I'll present examples of bad actors and misuse of the system...