Skip to main content

It's not wise to ban Cryptos

 The sensation phenomenon of internet made the breakthrough when it decentralized the system of communication globally. The restrictions and number of processes made lot of people to be resistant in communication. Especially written communication. The restrictions that were put forward was an actual mean of censoring. End to end encryption is completely unethical and least practical method. People are so keen about the words that are allowed to put. It made the free conversation worse. Recipient receives the letter after going through multiple hands. But what internet did was amazing. It made the third person powerless and made the free speech more fertile. It changed everything. Communication became more easier and encrypted. Now encryption is taking around everything, making it more secure and easy. The most widely popular and changing field of which encryption is in highly demand is the currency field.

As like the process of post transfer in letters, there are multiple threats that’s been wandering around. This is lot more frustrating. This led a lot of bright mind to find a solution. With the help of digitalized tools, they cloned the version of paper currency. Yet the mainstream concern has not solved. Still it takes frustrating effort to make currency transfer. From one currency to another has to be done with government registered organizations. The only easy is there is no longer to carry papers. Yet request has to made and enquiry is inevitable. This is not smooth transfer. This kind of transferring even refrain some people to go other illegal way of transfer. It is a threat to the economy and to the government. They might loose multi-billion dollar in tax if people were to go illegal. Even if they go illegal without depending on government it is a threat. This is what most of countries ere afraid of cryptos.

  Cryptocurrency already made its take on the field of transferring and how business has to be done. Lot of organization and people accepted this new mean of transferring because of the easiness and universality it provides. This is a concern for not only government, but to a lot of people working in public sectors. Especially the people working is financial sector such as banks. Cryptos are great threat to banks. If people came to know about the beneficiaries of these crypto currencies, they would probably migrate. This provides a great offer which is similar to what email did to communication, encryption and decentralization.

  Tax is no more concern since there is no third party access. Transfer is super easy and trusted. Because of its threat in creating unemployment, some countries are force to ban Bitcoin, which is most popular and one of the first crypto. The only reason they are stumbling upon making this decision tangible is the fear of being left behind. There are muddling around employment and growth. Now the world is like now or never. Apart from the fact of making inflation a less concern, this is making much more than a currency. The concern of the governments isn’t about loosing control over people in transaction, they are afraid of the scenario change in illegal transaction. Buying gun and drugs is no good for anyone. Yet the popularity is soaring behind. It is believed that one eighth of the population might migrate to Bitcoins by the end of this decade. That is one billion and it’s huge. The growth is clearly evident and exponential.

Because most tech giants believe that this could alter the way we used to think of money. It is worth giving attention to. No one likes to get left behind. Like currencies there are multiple options available for Cryptos, which gives people an access to options. The effect of power is now clearly visible in the altering rate of cryptos. A powerful person with mass following can manipulate the way it is getting traded. Elon Musk is no different. Since these billionaires and giants are largely optimistic about the future of new money, no country wouldn’t go first-hand ban. These people are making as much as possible effort to publicize crypto transfers, which to an extent bringing results. The currency exchange rates might get divert to Cryptocurrencies with no organization to regulate. This could be a milestone. Yet the concern should not be avoided completely.


Comments

Most viewed

Focus on one thing

Concentrating on one field gives us a tremendous edge than giving a shallow focus on various different things. The difference here is that we get a lot of information from one sector which enables us to master the field.

No innovation or dead innovation

 When you wish you can have that specification with more, like more battery life, more pixels ,more speed and more glister, you’re a forbearer of fake innovation. The advancement is good for product experience. It doesn’t give you the opportunity to make the change. This could also be identified as dead innovation or no innovation products. They are just the exaggerated versions of what’s already in the market. These who do no innovation works are copy cats. They wait for something new to happen or to someone to introduce and with no hesitation to copy them. They were well equipped to clone the Idea or product. We saw this dead innovation thing with lot of Chinese products. The result, they are not trust worthy. These type of making is simply stating that experience is no concern. Only profit does and it’s what drives them to deliver.   It is relevant to quote what Peter Thiel said “ We need flying cars, not cars with 140 characters. Folks like Peter and Elon are greatly conc...

Ideas and the growing innovations

  Great innovations often happen when multiple unheard ideas converge into single ideas within one mind or many. It cannot be questioned and expelled very early. It is backed by lot of strong notions. It might seems like a crazy one. But crazy ones are always revolutionary. People are very allergic and suspicious towards it. That is a great sign. Like Steve jobs said “ they don’t know what they want until you show them”. Although it is very nice to hear, it is difficult to push this idea ahead. First people need a base level understanding of what they are about to witness. No seeds will grow in dry sand. Making peoples mind more fertile a significant amount of work. Luckily with the help of technology, they are gathering information themselves. Technology aided and accelerated this process. On the flipside it enhanced the competition. A seed is just need to be thrown into a well fertile land, it will grow faster. Amid all these things people are required stay away from manipulation...

Thoughts on laziness

The reason for our laziness and procrastination is not that we weren't motivated, it is that we think we have more time than we think. We live in a way such that we won't die. Each and every moment we are moving towards death. We barely notice ourselves getting older and then suddenly we find ourselves passed decades without doing anything special or gaining the experience. Experience is the only way to make life favorable. An experience like this comes from facing fear and reflecting upon that. Facing the fear requires you to be attentive and not be idle

It's not chef vs cook, it's chef creates cook

There is hardwork, diligence,focus and behind success. It might be a successful person or a product. People crafts successful stories with these elements. I mean how can there be a winning story without them. The hardness in choosing the career also intensely extends to pursue them. There are plenty of career to choose them. The more options we have, the more confused we are. You cannot implement the same philosophy of choose what tastes better specifically here. There are millions and you would waste your entire life chasing one after another. The sooner we find it, the better. It's important to get informed about many before the selection, but at the risk of increasing confusion. Well after all those procedures, you'll end up in a career that will or will not suites you. Hope for the best. If it suits you'll be a successful person. You've chose the right path. Be ready to spread the words of wisdom. You chose the opposite of what the mediocre wants you to be. But is t...

Mental barrier is there to cross

 Emotional barriers are there to cross. Only those people who realize this make a good outcome. This when viewed from another perspective, we can say this is a play by the universe to make us better and stronger. We need to be mentally developed to live a better life. We see people becoming fragile when they confront with a severe life situation, they panic and get anxious. Soon they fall into depression. Until we cross this mental barrier, we won’t grow. But most people instead of facing and solving this problem, choose to escape from it by some quick fix. Of course, they would get some short-term pleasure, but the problem remains there forever until they overcome the mental and emotional barrier it puts in front. Next time a different problem arises with this level of the mental straddle. We have to break it, else it will show up in different forms.  

Trading with favourite asset

We need to be cautious while taking trades on the assets which we barely heard about. Most of the time these assets, since they are far from our acquaintance gives us bad impressions every time. Either we have to make acquaintance with it or trade with what is already familiar to us.