Cryptocurrency vs Fiat transactions

in #bitcoin7 years ago

Remember long time ago when people were trading. This was known as “bartering.”

The transaction was pretty fast and the goods were spread out on a regular basis. Everybody was happy and it was comfortable. Then one day the third person appeared and started to take the profits from the transactions. We call this third person bank. This institution takes a lot from us. Like a leech sucks us from our hard work. Simple transfer of money takes hours or even days . Every single transaction cost us money, a lot of time , not even mention about the stress. The whole system pist me off. Get me sick.

By using crypto, we can send funds anywhere in the world free of charge or with tiny fee and has a cumbersome wait for the transaction.

Initially, the bitcoin system may seem a bit complicated, but in fact it is simpler than using traditional electronic banking.

That's why I believe in cryptocurrency. I know that the whole system will change the world for better place, it will open new ideas and push the world into new ideologies.

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You're so right, Margaret! I think exactly the same way! It is crazy, money from a transaction comes onto my account today, but de value date is in 5 days. Just imagine, the money is there, but it does't count. Believe me, their big shining buildings do not come from nothing! Just as you, this customer-robbery from the banks makes me sick!
I hope from the bottom of my heart, that crypto will change all this to a better direction.

Thank you for your great analysis. I agree with you. My mind says the same and I believe it would be money revolution ;) Have a great day my friend ;)

A wonderful day to you as well, my friend! 😃

I always enjoy your posts, @margaretwise
Thanks so much for sharing! 😊

Upvoted you!

Thank you my friend same from here. I hope everything is ok with you dad. My prayers for his health. Have a wonderful day ;)

He's hanging in there! Thanks so much for your prayers, @margaretwise.
I started a devotional video blog that you may wish to check out. Just thought I'd let you know.

Have a wonderful day! :)

I need to better understand it all.

You bet my friend. I will post from time to time some info but sure you need to listen more. Here is my first post with the man name Clip High. For me one of the most interesting people who have absolutely outstanding mind.

https://steemit.com/bitcoin/@margaretwise/futurologists-predict-a-usd-5k-price-for-bitcoin-in-the-close-future

Have a wonderful day ;)

Crypto currency is the future! I'm looking forward

It is the future and no matter what they will try to do it , it will be a black whole for the bank institutions . Glad you are interested good for you my friend. Here is my first post with the videos of Clif High You are welcome to watch it ;)))

https://steemit.com/bitcoin/@margaretwise/futurologists-predict-a-usd-5k-price-for-bitcoin-in-the-close-future

Have a inspiration day ;)

A moment of silence for currencies please:( :))

Blockchain seems to have so many advantages compared to fiat currency. Hard for goverments to print bitcoins, low transfer rates...

But what I think makes it much better, it's the way you can combine a currency with a platform. Like steem does it, like ethereum does it.

Not only that blockchain can disrupt banks and financial entities, but they can disrupt companies like google, facebook and uber...

Thank you for your comment ;)

Thanks, I like this post!

Thank you :) Feel hope :)

Please keep posting about the subject

Thank you I will :-) Nice support my dear.

great post...@margaretwise ..block chain base cryptocurrency is the future currency..we can imagine, one day there is no bank and all transaction are done through crytptocurrency...

Nice post my dear friend

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