5 Amazing Benefits of Cryptocurrency: A New Digital Future
Do You Want to Become Your Own Bank?
In fact, there are many! Just take a quick little look
- . Our economic machine is like a glass jaw. one small punch to it and it all comes crashing down! Both long term and short term this is not good for you and all of the hard working citizen of the world
“FRAGILITY IS THE QUALITY OF THINGS THAT ARE VULNERABLE TO VOLATILITY.”
– NASSIM NICHOLAS TALEB
So below, I will outline some pros and cons of us adopting a global acceptance of Cryptocurrency. And my hopes with this is…you will walk away with having found new found respect for cryptocurrency.
Pros and Cons of Cryptocurrency
The Benefits of Cryptocurrency Over Current Fiat Currency Tech
Central governments can’t take it away!
Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help recapitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with cryptocurrency/bitcoin. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unraveling, that’s a big benefit.
Let’s take a look at some of the improvements that can be made to fiat currency by shifting towards digital cash:
Advantages of Cryptocurrency
- Fraud: Cryptocurerncies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with
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