Whenever a transaction to happen, it must have to go through a lot of unnecessary procedure. Those procedure making the transition difficult was a major barrier and third party intervention is unbearable. But by using crypto, it could be reduced. The amount of time and transactions. We love simple and time saving methods. With the universality of cryptos, it is even enticing to use it. Manipulation through monetary power now becoming fragile. Which is a kind of threat of the governing authority. Because the amount of wealth that these authorities are making contributes a significant growth. The growth of GDP by taxing the transaction is a very good example. Even in third world countries the main problem people face is their own currency which is weak and less in demand. Even when they earn lot of it, considerable amount of time is needed to convert the currency when doing large scale business. That is not soothing at all. With dollar dominant over the world, its demand as well as price is storing. Although it belongs to one country, its universality did greater good to America several times in several ways. One country getting all the incentives while others play. But with cryptos with no dominance, the benefit is direct to the users. This is promising and makes sense.
The saying in marketing (mainly as a precaution to the victims) is that if you’re not paying for the product, then you are the product. This marketing strategy of making people a product is widely successful and people indeed have no problem in being a product. Since we don’t have to pay for the services they offer, we are comfortable with them using it as a product. If not, YouTube and Facebook never have survived. Since I mentioned these two companies, it is thoughtful to inquire about the scale of business this business strategy brings. There is nothing wrong with giving their services for free. If we look at the positive side we can embrace the amount of change it brought. But of course, it has its own drawbacks. Since the ratio of their proportionality is highly irrational giving good an unfair advantage, we could say those are life-changing technologies. And this strategy is visible almost anywhere. Giving a free trial is a great example. Besides we get news, articles,...
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