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

Focus makes the difference

The amount of work depends on the amount of time we spent on and the amount of focus. To be precise, it is the product of those two. There are various types of practices that makes up to a perfect finishing time. But whenever we look at it, the core always lies in the amount of we focused. We can even say that focus is solely responsible for completion. Without focus nothing cannot be completed. It may stay unsolved forever. People try to make their lives better by doing several things, in the end we could say that they were indirectly trying to improve their focus. Focus helps is to accomplish things within a very short span of time. There by reducing the time wastage and leaving things perfectly finished. With focus, we can complete even the task that now feel like impossible. People often neglect this fact try their best to make a difference in their lives by merely altering the surface. That may do good in the short term. But in the long term, it does nothing. We have to change ...
Post a Comment
Read more

Pitching an idea

Pitching an Idea to the investors when we desperately need money is quite challenging. Convincing investors is not an easy job. We have to go multiple time to receive first round investment. Investors care more the enthusiasm and mentality of the founder than the idea that they are pitching. In order to show the driven passion, we must have a very good communication skill. Most of the founders keeps their skill at convincing investors at its peak. When they see the opportunity along with it, they tend to invest. Even investors with years of experience fails to spot the right person and idea. But if you ask whether they regret, most of them would say no. They did made their decision based on their knowledge and capability at that time. Investors don’t need to know all successful ideas and companies, they just focus on the ones that aligns their fundamentals. Everyone has their own view of analyzing and selecting. Therefore pitching an idea to the investors might bring the investment i...
Post a Comment
Read more

Focus on mission

Startups instead of focusing on the investors and profit, they should look at solving problems and making an impact. By doing so they can create a culture where it alters the way people think and act.
Post a Comment
Read more

Pandemic accelerated business

The pandemic like we know did more adverse effect than good ones. But it also made some industry to thrive. Mostly digitally pivoted industries found a rapid growth during these fields. When the whole world were instructed to be in home, the demand for online services soared. The entertainment industry which were struggling to survive made to the top. Thousands of digital based startups reached unicorn status. This is clear indication that where the world is going and how the future business model should be. Everyone knows that the world belongs to digital giants in the future. All of us are somehow spending hours and hours in the internet. Researchers indicates that this number will only go up. This is one of the reason we see a lot of tech startups founded by non techies. They saw the opportunity and tried their own hands. Even industries focusing of physical or tangible product and services are integrating their business to the internet. What this pandemic did was it accelerated...
Post a Comment
Read more

Society can be a trap

There are lot of traps out there. Only after falling or getting out of that trap we realize that we were bondaged for a very long time. We were born into the society trap where everything is predefined. Everything is written and all we have to do is to obey them. We are not allowed to wander with our will and certainly not with any other rules. Predefined are the prime ones. When we look at those cultural scribings of activism, we could see that everything is limiting and designed to refrain is from our true potential. The hardest thing is not being unaware of this trap, it is being in the trap even after knowing you are in a trap. This makes us to think differently. Because we found something, probably, no one around found. It would be game changer for everyone. It could transform the society and culture, paving a more promising future for the generations to come. But what happen when we introduce this theory to those blind people is quite depressing. They mock and joke you, laugh a...
Post a Comment
Read more

Emotional scars

It is important to have emotional scars. Once you're hit so badly emotionally, your mind reacts in such a way that of the experience it had. By exposing ourselves to hard experiences, we could constantly make our mind more rigid, capable of facing hard problems. The sooner we get there, the better the life experience will be.
Post a Comment
Read more

Eliminating shallow work

Almost everything that added value to growth is provided by few things. About 80% of the growth is happened because of the 20% of the well contributed things. This is a very famous principle. This is one of the reason for advices such as focus on few things stands relevant. Giving time and energy to few things makes it easy to get more output. And the results are truly visible. By constantly trying to expand the focus to many things results in shallow results. It is no good for none.   To make that 80% improvement in our personal or professional matter, we need to spend the time wisely. By selecting the things to focus upon has this direct correlation with output. At times, we do feel that everything is necessary and it cannot be completed without it. But those are meant to finish as secondary. Primary works have primary importance and yields more results. For every energy we puts in, we expect results. The more we 80/20 principle, the more things get done.  We can easily so...
Post a Comment
Read more

End of the day

How we spend our time datermines how we spend our life. The productive minute spend makes the hour great. It is just the acts at one in sixtieth of an hour. Just a minute of greeting could turn the entire hour into a blossom. We can observe the high energy and enthusiasm throughout. Yet most people neglect this simple fact of turning a minute to impact an hour. The entire blocks of hours slips this way. The case is not different with day. An hour of favourable act alter the entire day. Here the ratio of time spent wisely to spent vaguely is relatively small. Yet the avoidance is common. This can can be extended into year, decade or lifetime. The same feel we experience at the end of the day when spent an hour in purpose is similar to the reinforced version of it at the end of life. So it's not so difficult to figure out how the final stage of life would be like. By carefully measuring the blissfull experience of each decade, we can most accurately predict what it would be like to b...
Post a Comment
Read more

Use information for seduction

The ability to get out of yourself and dig into other people's lives can be useful when it comes to seduction. we must let ourselves subside and know the opposite person well. Know what they want, what they like, how they would react to different circumstances, and whey they like and dislike. During this process of minute scrutiny, never leave a clue that might lead to suspicion. Digest this information and keep tracking the person occasionally and ask them subtly about those private things to show you really care what they said. This sense of feeling that this person cares about us when used correctly can be a tool for seduction.
Post a Comment
Read more