Insanely Practical

When the popularity of bitcoin increases, those who fear the most is the authoritarians. Government and great financial regulators are the prime ones. Bitcoin is a major concern for them. It is not because bitcoin is doing something harm to the world, it instead gives the power back to the common people. They can choose the value of money whether to deteriorate over time or to grow. It is a simple matter of choice. Earlier there institutions and government of thought of bitcoin as a fad popular among nerds and techs. But when it reached in big hands, they really started to get panic. Today’s market, the market capitalization of crypto is about 2.7 trillion. Where would have this money go if it is not invested in crypto? The possibilities are stocks and banks. Of course there are lot of other options, but majority of it goes to these two places. In either way banks get a fraction of involvement in money circulation. Or we can simply say we need banks for any kind of transfer. This is ex

Bitcoin as a tradable asset gains more popularity than ‘bitcoin as a medium which brings financial sovereignty'. Amid the rise of growing popularity among crypto currencies and the big players manipulating the market, the vision is getting limited to what would happen in the crypto world instead of how it is gonna make a difference in the world. It is true that the popularity is among the traders and investors, these are the early adopters who adopted bitcoin as a part of wealth creation. But those who needs bitcoin the most owns nothing. Even worst, majority of them knows nothing about bitcoin. It is just a fad of jargon among traders and gamblers. This notion alone keeps them away from acquainting and acquiring bitcoin. The real solution to those problems are still yet to be understood. The so called bitcoin promote it as ‘why bitcoin and not fiat currency’ instead of buy at the dip and sell at the top. When it comes to share holding of a company, it is two separate entities t

 Bitcoin as a digital asset is in trend now. The exponential growth of bitcoin or generally speaking of cryptocurrencies is what makes hot news every more often. This can be misperceived as a gimmick, the false asset that is used to pump the money and dump when it is done. But this is not how bitcoin should be perceived. For u, living in a well economy balanced nation, the essence of bitcoin is shrunk to a digital asset. But this is not the case with countries that dread economic disasters. Ongoing crisis that is leading to a financial shutdown. People living in those countries see bitcoin as a hope and an opportunity. Never in the history of mankind has there came an invention like bitcoin or specifically blockchain that transfers power from the authority to the hands of people. Internet was one such invention, but the authority still remained. Its o performance decides the economy. A poor country has poor economics. People leaving in those countries earn less for the same work and wo

 Manipulation in crypto is a common thing. Whoever with a big follower base can alter the value. It is not that great. There are some problems related to it. When we see someone with tones of crypto investment, we could observe the variation in the asset value when he withdraws. This is the case with every asset which is open to investment. And by pouring his money into the asset makes its price surge. When he couples with some other investor, the power becomes stronger and it is hence easy to manipulate. This is actually the migration of power to those who have more. But Bitcoin came into existence to cease this same thing, a central authority being the decider of price movement. It takes a good diversification to adjust the growth rate of cryptos. An asset being easily subjective to manipulation is not a healthy investment to think about. Because the person who holds more possess more power and manipulation is easy to practice. He can make a small retail investor poor or rich with p

 The Internet opened a lot of ways to do a job. It opened opportunities for a lot of people. The business started to grow fast and the pace of everything related accelerated. It is no new thing. Whenever a disruptive technology disrupts the industry, it collapses the whole factors that were meant to be the status quo. As it touched and changed multiple industries, it also changed the way of making money. The Internet alone creates half of the billionaires living today. In fact, if we look at the top 5 richest people in the world, four out of them were internet accelerated billionaires. They are promising a better future through the development of the internet. Among this revolution, a lot of people found their way of crookedness in making money. One such thing pumping the price of an asset with the support of a strong community. That is clear manipulation. But when it comes to a decentralized asset, it is quite legal and good for short-term gain. By decentralized assets, I clearly

 The blockchain concept is spreading like a wildfire. Right after the announcement of Bitcoin: a peer-to-peer electronic cash system, the concept of Bitcoin came into existence. Some people were thought of it as a revolutionary thing, but most of the people thought it was a foolish idea to have everything decentralized. People who believed that was a minority. But when we look now the minority is no more a minority. The acceptance of Bitcoin and Blockchain is really disrupting and more people are getting to know about this. If we look at the county's central authority, although they are unhappy about the concept of bitcoin, they are interested in the technology behind bitcoin, the Blockchain. Estonia being the very first early adopter of Blockchain trusted it and paved the way for a new revolution. The countries which once banned the system are now experimenting with it. The panic that is created at the beginning of its emergence is not at all a panic anymore, instead, it became a

Many times I noticed people getting skeptical when it comes to Bitcoin and Blockchain. This happens every time when something that is confidential completely unknown to the masses comes to attention. The reason is the lack of proof. People need to validate the history before making sure everything is fine and safe to work. Computers and internet faced the same issue. But within a few decades it proved that this will become an everyday life thing. In case of Bitcoin we don’t have to wait for multiple decades, this can happen within a very few decade. The reason is the exponential growth of technologies and the understanding of human consciousness. In this world of everything is free, all we need is the right sources to form a good perception. A larger difference between just a decade ago and now is the mode of availability of knowledge. We could see people saying that the reason why they missed the Amazon edge was they didn’t saw its rise because of the lack of knowledge. Now this is n

The criteria for a long term business success lies in solving a problem. When the business is qualified, by certain customer standard, to solve the existing problem or that is about to exist, we can say that there lies a bright future. Because solving a problem is the riskiest one when compared to being in a community of problem solvers. Bitcoin came as a solution for many problems. Problems of being controlled by financial authorities while making a monitory transaction, the time lag between the transfer, heavy transfer charges and concern of security problems. It is revolutionizing. Because once we verge to make this solution as proliferating as possible, we can find much better problem for a much better solution. Etherium being the future contract provider solves advance problems. In the midst of these, as glittered by the success of these fundamentally strong cryptos, many found opportunity to grab the pie. They created altcoins with no purpose, but they listed In the exchanges su

 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 tha