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.


Labels:

Comments

Post a Comment

Most viewed

Matrix prison

Getting out of the matrix is an easy part. All you have to do is analyse the person who has opposite views than yours and try to learn from them as much as you can. What is the hardest part is to realise that you are in a matrix. This matrix is a lot more similar to a prison. The difference is that you know you are in a prison when you are in a prison, but you don't even know there exist a matrix when you are in a matrix. One is visible and the other is not. The only way to realise your position is to ask questions about everything everytime and never stop the process until you get the answer that satisfies you.
Post a Comment
Read more

Being an early investor

 Investing in some companies or technologies at its early stage is beneficial. We often see people or even ourselves regret being non-investor in those world-changing companies. One of the reasons that people find a reason for not investing is not having enough. These people always complain about being financially poor and point that as a reason for not investing. But later when those invested became multi-billionaires, these poor people starts to complain about not knowing the opportunity. In fact, they knew what is happening around, but chose not to invest. Instead of changing, they complain every time. Even at the present moment, they say they don’t have time or money to invest paving a way for days full of regret. What is important here is not having enough money to make a good investment, but the mentality of an investor. Investors back the technology that changes the world. Most people don’t want to change the world, neither they invest nor build a startup. But they are expe...
Post a Comment
Read more

Concentration is important

 I heard a lot of times about the importance of concentration. Once we know what it really is and how it is gonna change our life we realize that we wasted a lot of time. Growing up we were taught to do many things. We were forced to study the unimportant things which add no value to our life. But important things such as finance and mind, which everyone needs were never even addressed. We might end up in disaster if our mind is in turmoil. This is observable in everyday life. We always fall into the trap of wandering thinking and practicing the mind to even wander more. In the end, we feel stupid and wasteful thinking about all the negative things. It is essential to understand the mind and how it works. Because we can program it once we understand it. This is important as every other important thing, or even more. To understand our mind we need to first observe our mind. How is it behaving and what are the thoughts popping up. If the output thinking is good, then good for us too...
Post a Comment
Read more

problem solving

How to prepare for a good test. Preparing for any problem infront requires an in-depth analysis of the problem itself. When we go through the problem we will get to know where we should make the improvement and where to leave it as free. But only in few occasions people give that much of analysis review before entering into a problem solving method. When we look at the largest problems that had been solved, we could see how that problem got studied before. Because without understanding what the real heck problem is, we cannot find a solution. If we try to find a solution to the problem that we drawn out by our fragile analysis, we will get the solution for the things we discovered, not the actual problem. So while before solving every problem we should learn about the problem before getting into work. Once we enter the working world, we probably won’t care about the study. That is why it is important to have a habit of in-depth analysis before confronting with the solution. Solution r...
Post a Comment
Read more

Technology and crisis

  Now the world is dependent on every single occurrence from any part of the world. An attack in the extreme west affects the employment status in the east. The reason is the interdependency that is getting forged strongly every moment. One of the prime examples was that the market crash that occurred in the US in 2008 left people in the east jobless. We could say that the US was the global power and any minor sentiments might make the rest of the world a crisis. It is true, but the kingdom is slowly shifting, not to a single entity, but to series of economic powers. This keeps expanding and every country will be able to create a global catastrophe by the civil turmoil. We should look at the involvement of technology here. It enabled the news to spread within seconds all over the world. It actually accelerated every process. The good things get even better and bad to worse. So in this arena, it is mandatory that technology should not use its manipulative power to make the world...
Post a Comment
Read more

Testing the strategy

When it came comes to trading we see people using different strategies. There is no fixed strategy for success. People find their agreed will at one thing which may or may not suit us. So the real challenge is not to master the strategy but to find it. We may even tried multiple strategies multiple times. Even now that confusion pops. People choose strategy not based on how much winning percentage it has, but does it resonate with their style. Even people trading just based on their will can make more money and can have a great winning percentage than who tried thousands of them. Even after choosing a strategy, people find it difficult to take trades based. Because they are not sure about whether it is what they actually need. If we have a strategy which we think might suits us, we have to test it and back test it. People jumping from one to another never have traded multiple timed based on that. Not a single strategy could be understood within days or weeks, it takes months like the ...
Post a Comment
Read more

When things slips today

 Weeks before the actual commencement feels like a heavy load. The reason is the amount of stuff that is to be completed. It takes a lot of energy and time. Whenever we confront such a situation, we tend to do two things, either make a plan or leave the plan. The former is a lot better. Because with the least amount of time and inaccurate decisive situation, we might have come to the conclusion which is more precise than the latter. Speaking of it making a plan is really daunting. Here the plan itself reveals the work and effort that need to be put in. So some people finish as per their will finishing the desired portions within time. But the others keep it on procrastination. They are resting because they have done a mountain task of structuring and planning. The rest of the day goes for entertainment. As soon as they find their former plan is no longer valid, they make another with the same willpower and attitude. This happens multiple times finally reaching the exact date of com...
Post a Comment
Read more