Can Crypto Better Perform than Banks And Fiats?
Hello Hive Learners Community! Welcome to my blog. Cryptocurrency is the future of all digital assets. It has vast potential in any business and market. Before making any opinion about it, we need to search for it. It has decentralization, the fastest transaction speed, and no extra transaction fee. Satoshi has provided freedom of money years ago. After its invention, a war between banks and the government started. Many governments indeed facilitated banks instead of Crypto. If governments started facilitating Crypto, then the heavy tax system that they imposed with the help of banks would be flopped. Moreover, the government mafia doesn't want freedom of money.
A Better World With Crypto
By trading crypto in business and market, it means we are providing freedom to the people. They will have full control of their money. It will depend on them whether they help the government or the general public or not. Cryptocurrency indeed can make us a perfect boss for our assets.
Is a better world possible with Crypto? Yes, it is possible but we need to be careful again. Cryptocurrency has a risk of hacking, manipulation, and potential damage by other factors. If we block all trading through fiats and banks and replace it with Crypto, then the potential risk for fraudulent activities will be increased. Whether we are Crypto lovers or investors, we have to accept the fact that Whales always make Crypto their puppet. They easily manipulate the market and earn thousands of dollars within seconds. By implementing crypto in the whole world and closing banks and fiats, there are high chances for chaos and anarchy.
For me, a better economic system in the world is impossible with Crypto alone. We need to unite Crypto and banks together. Also, we need to bring reforms in the crypto transaction system, and there will be regulations on the flow of all digital assets. Cryptocurrency will not be a tool for the mafia to send black money. Moreover, it will not be a puppet show for a few people. It hurts when a few groups of people manipulate the market at a drastic level. By bringing reforms in Crypto and good governance, we can make this world great by Crypto.
Final Thoughts
There are three groups of people in the world. One group of people is totally against it and thinks it will be a source of chaos and anarchy in the world. While other groups of people think that it will make the world great and any business will flourish through it. The third group of people is still confused and doesn't have much knowledge about it. It didn't have any doubt crypto provides freedom of money, true ownership, and privacy to our digital assets, but it also has the potential risk of hacking and manipulation. If both groups of people I mentioned above will set together and bring a unified and reformed cryptosystem, then crypto can have a magical uptrend in business and market what the banks and governments are lacking. Pakistan has made a commission for Crypto Regulations in Pakistan today and I'm hopeful that this reform in digital assets will make the future of Pakistan great. I'm a Crypto Lover, but I'm against its manipulation. Any system that will replace money and digital assets will ensure the welfare of people. Moreover, money should be free in either form.
This post is my entry for HL Weekly Featured Content Crypto Alone. I hope you have enjoyed my post. Thanks!
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Gradually we are moving into the crypto world where crypto will take over finally because people prefer to save in their wallets than go to banks nowadays.
Yes, crypto has it own disadvantages